HoopsHype Owners rumors

December 17, 2014 Updates

U.S. authorities have determined that North Korea is behind the recent cyber attack on Sony Pictures, a federal law enforcement official said Wednesday. The official, who is not authorized to comment publicly, said a formal announcement of attribution by the U.S. government could come as soon as Thursday. Sony Pictures Entertainment was hit by hackers Nov. 24. A glowing red skeleton appeared on screens throughout the Culver City, Calif.-based Sony subsidiary. USA Today Sports

December 16, 2014 Updates

"Teams around the league say they haven't received any trade calls and they see this as an indication that Prokhorov is back to selling the team, particularly since he's trying to move three of the biggest contracts on their roster," he says in a Bucher Buzz segment. He explains, "This for the uninitiated is what teams do. It's what the Memphis Grizzlies did, what the Detroit Pistons did. Any team looking to sell. One, there's not a lot of overhead. Two, they start with a blank slate. They get to create a team the way they see fit." NetsDaily

December 9, 2014 Updates

When you’re worth around $20 billion you can write a check for $2 billion without flinching. But does that mean the Clippers are worth $2 billion, or that other NBA teams should see their revenue multiples expand to reflect this deal? I doubt it. But we may get a good idea if the Atlanta Hawks are soon sold. Bruce Levenson’s group is selling its controlling interest in the team and some believe the sale price will value the team at over $1 billion, or about eight times revenue. Forbes.com

November 29, 2014 Updates
November 25, 2014 Updates

NBA Commissioner Adam Silver is in Milwaukee to meet with Milwaukee Bucks investors and talk with young professionals involved in start-up companies. Silver is expected to get an update from Bucks' owners on locating a new multipurpose arena. The NBA has set a deadline of late 2017 for the Bucks to be in a new arena. Failing to meet that deadline means the league could buy the team and move it elsewhere. USA Today Sports

November 22, 2014 Updates

But in the end, they're bound for the lottery, under construction until further notice, and Bryant and his huge deal are targeted as a key reason for their plight. "Did I take a discount? Yeah," Bryant said after a morning shootaround here, when he discussed his contract more than at any point since signing it. "Did I take as big a discount as some of you fans would want me to? No. "Is it a big enough discount to help us be a contender? Yeah. "So what we try to do is be in a situation where they take care of the player and the player takes care of the organization enough to put us in a championship predicament eventually." ESPN.com

Could a player make $24 million in the NBA's current punitive financial climate (as Bryant does this season) and legitimately say they’re interested in winning? "Yeah, of course, as long as you can convince everybody else that you need to come play for the minimum," Cuban said with a laugh. Cuban has long been poking fun at the Lakers on this topic, once calling them Shaq, Kobe and the "band of merry minimum [-salaried players]" in 2000 during Cuban's first season as an owner. Nowitzki echoed Cuban's point that his deal was about winning, not money. "I wanted to be on a good team," Nowitzki said. "I wanted to compete my last couple of years at the highest level. ESPN.com

November 19, 2014 Updates
November 18, 2014 Updates

Mark Cuban, billionaire entrepreneur and the owner of the Dallas Mavericks, joined The Fred Roggin Show to talk about Roger Goodell’s suspension of Adrian Peterson, looking the other way on off-the-court problems, competitive balance in the NBA, and more. While Cuban admits that 36 years old is not as old as it once was, thanks to better training programs and advanced in medical science, he also says that he hopes Kobe Bryant’s Lakers stay noncompetitive for a long time. As far as the Lakers go, I think there are going to be a lot of teams that are saying, “I’ve got a ton of cap room,” and signing three big free agents to come play for them. Los Angeles has always been considered a destination city, so maybe they feel that’s a valid strategy. You know me, Fred. Personally, I just hope they suck forever. KFWB - The Beast 980

November 13, 2014 Updates

So how has the NBA managed to successfully institute legislation that, in Roberts' view, is both opposed to this country's capitalistic principles and her players' best interests? "No one wants to say it out loud, but it's a monopoly," she said. "And were there alternatives, they wouldn't get away with it." "I'll give the league credit," she added. "They have done a great job controlling the narrative." ESPN.com

According to an internal league memo which ranked the projected profitably of each team for last season on the basketball side of their business, the Lakers - who have a local television deal with Time Warner that is worth up to $5 billion and could last up to 25 years – led the league at $100.1 million. The Chicago Bulls were a distant second at approximately $61 million, and the Spurs – who were among the 21 teams projected to be profitable – were in sixth place. According to a person who has the memo which was first revealed by the web site, Grantland, the Spurs' profits were projected at $26.1 million. The person spoke to USA TODAY Sports on the condition of anonymity because the memo was private. USA Today Sports

November 10, 2014 Updates

Aldridge responds: If you are asking if the Hawks would move to Seattle some day, David, I think not. I'm not naïve enough to think there's no chance the Hawks could leave Atlanta, but I think the current chances fall somewhere between microscopic and impossible. The league has no desire to leave Atlanta and there's corporate money flowing throughout the city and state, more than enough to put a local group together with a chief rainmaker who would keep the team in town. As for Bruce Levenson's motivations, well, we've discussed those at length over the past couple of months. NBA.com

“MJ is as strong a competitor as we’ve ever seen but I think it took him some time to realize that he just couldn’t be MJ and will things to go his way as an owner,” said a rival GM who spoke on the condition of anonymity. “He knows hoops, obviously, but with the scouting, the constant evaluation of talent, the movement towards statistical analysis — running a team is a full-time job and you can’t do that from the golf course. Hire good people and get out of their way. I think he’s learned that.” UTSanDiego

November 7, 2014 Updates

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