Dan Gilbert Rumors

Cleveland still has plenty of work to do in free agency — with Iman Shumpert, J.R. Smith and Matthew Dellavedova all in line for new contracts, as well — but the commitments Cavs owner Dan Gilbert already has made in the first few hours of free agency to Love and Thompson send a strong message to James about the franchise’s commitment to winning, since it ensures that the Cavaliers are headed for a massive luxury-tax bill after the upcoming season.
James iced his aching joints one last time after the game, a towel draped over his head and a small battalion of Cavaliers’ PR, security, and James’ close friends forming a wall around him. Bill Russell, the legendary, 11-time NBA champion, waited to speak with James in the hallway outside the Cavs’ locker room. It wasn’t immediately clear if the meeting ever happened. Dan Gilbert, the Cavs’ majority owner, and minority owner Nate Forbes, made their way to James’ locker for a few words, but they were brief.
Cleveland Cavaliers owner and Quicken Loans founder Dan Gilbert says doesn’t know much about livestreaming apps like Periscope and Meerkat. But as a self-made billionaire, he does know about little bit about business — and he thinks livestreaming may be good for the business of professional basketball. “When we first got in the league ten years ago, not only the NBA but all the pro teams were making YouTube scrape off their highlights,” he said Friday night from San Francisco. “I walked into the [owner’s] meeting and I said, ‘Wait a minute. If any of the networks were to play our highlights for free, would we be upset about that? So why are we upset that YouTube is taking our product for free and broadcasting it?’”
Lacob expressed his disappointment in Irving’s injury. “I was very saddened to hear that today because first he’s a great kid and we want to play the guys at their best strength,” he said. “They have a lot of good players. Someone will step up. Teams have a way of doing that. I don’t think we can let our guard down just because of this injury.” Said Gilbert, joking, with Lacob next to him on stage: “I just wouldn’t want to be Golden State and lose when two of our best players are out.”
Cleveland Cavaliers owner Dan Gilbert used comparisons and metaphors the day he learned Cavs All-Star point guard Kyrie Irving, who had surgery Saturday morning in Cleveland, will miss the rest of the NBA Finals with a broken kneecap. “Obviously Kyrie brings a huge amount to our team, but all year they’ve found ways just like Ohio State found ways with their new quarterbacks,” Gilbert said Friday evening at a tech summit called Chat Sports: The Minds behind the Game featuring Gilbert and Golden State Warriors owner Joe Lacob.
“Look, there’s nobody you can point to in the world that doesn’t make a mistake,” Gilbert said to NEOMG. “The best players, the best business people, the best coaches. So one thing is not going to make or break a person.” Now the Cavaliers are four victories away from ending a 51-year professional championship drought in the city, and Blatt is a huge part of that. “They wanted Coach Blatt fired, saying we needed another point guard, will LeBron and Kyrie be able to play together? So many story lines was just happening at that point in time,” James said. “For us to be sitting at this point today, being able to represent the Eastern Conference in The Finals, this is special. It’s very special.”
In an exclusive interview with Northeast Ohio Media Group, Cavaliers’ Owner Dan Gilbert said firing Blatt was never considered, and added that his confidence in his coach never wavered. “It really didn’t,” Gilbert told NEOMG. “I don’t care what the expectations were, especially after we changed coaches twice in two years. This was a guy with a long-term record of success. You have to at least give a season, maybe more than just one. I think it would have destabilized the entire franchise and it would have been bad.”
The Cleveland Cavaliers and the Greater Cleveland Sports Commission submitted a bid to host the 2018 NBA All-Star game. The last time the city held the mid-season extravaganza was in 1997. “We’re very excited about returning to Cleveland at some point for an All-Star game,” Silver said. “We know [Cavaliers’ owner] Dan Gilbert would very much like it to happen and I think it’s just a function of when. Making sure that the timing is right in terms of the upgrades to the building.”
NBA Commissioner Adam Silver said the only thing that would prevent the city of Cleveland from hosting an NBA All-Star game is failing to make improvements to Quicken Loans Arena. “They’ve expressed interest in it and we’re waiting for them to get the additional work done on the building,” Silver told Northeast Ohio Media Group during Game 2 of the Eastern Conference Finals.
As his businesses and popularity have grown, so has his involvement in the Cavs’ day-to-day operations, according to numerous sources inside and outside the organization. Even as he has withdrawn a little publicly, Gilbert has become one of the most hands-on owners in the league. “If you had a 1-to-10 scale of an owner’s involvement [Dallas Mavericks owner] Mark Cuban would be a 10,” said one prominent league agent. “Dan would be a 9.”
When Gilbert bought the Cavs in 2005, his net worth was estimated at $800 million. In its annual list released this month, Forbes now estimates Gilbert’s net worth at north of $4.7 billion, as his empire has expanded from mortgages and venture capital to casinos, real estate, consumer products, tech, minor league sports franchises and a basketball team currently estimated to be worth more than $900 million.
As he’s gotten more involved over the years, though, he’s cut back his visibility on social media and limited his interactions with the media. He was the driving force in the hiring of David Blatt as head coach last year but did not attend his news conference or the one held when the team announced the acquisition of Love. There was no news conference held when James signed. He did not attend the news conference when Griffin was named GM. Earlier in his tenure, Gilbert was always front and center in these types of moments.
It is not unusual for Gilbert to speak directly to an agent or to up the ante in trade talks by calling an opposing owner, sources said. But Gilbert disagrees with the idea that he’s heavily involved in basketball decisions. “I don’t think that’s accurate,” Gilbert said. “The way I look at it is it’s the owner’s job to say yes before you say no. I believe an owner is there to set the philosophy and to establish the culture but you let your guy pull the triggers.”
But at the editorial meeting the day after the post was deleted, according to a source, Savitt was utterly incredulous that Dwyer would have insulted Quicken Loans so soon after a major agreement had been signed with them. This makes no sense on multiple levels—Dwyer probably didn’t even know about the brand agreement when he wrote his post because Yahoo is a huge company and Dwyer has nothing to do with March Madness brackets, and even if he did know about it, his job is to write interesting and true stories, not to promote the interests of Yahoo’s advertisers—but so it goes.
The day after Gilbert’s call was the weekly Yahoo editorial meeting, bringing together editors from the various Yahoo media properties. According to a source with direct knowledge of the meeting, Kathy Savitt—Yahoo’s chief marketing officer—explained what had happened to everyone in the room and expressed a desire to fire Dwyer. The stunned and disbelieving editors present convinced her to form an editorial committee that would decide Dwyer’s fate, but weren’t sure this would work as anything but a stalling tactic. One source, who wasn’t present as Savitt laid down her decree, spoke of a “buzz” going around among editors that Dwyer would be fired for having angered a brand partner.
Quicken Loans is a predatory lender. It’s impossible to read the numerous lawsuits against the mortgage company and conclude otherwise. So when Kelly Dwyer, the editor of Yahoo’s popular NBA blog Ball Don’t Lie, made an offhand joke about that fact in a post last year, he would have had no reason to think twice. The owner of Quicken Loans, though, is Dan Gilbert, also owner of the Cleveland Cavaliers and a man whose vanity is exceeded only by his pettiness. According to multiple sources, after Gilbert read Dwyer’s post, he and his chief legal counsel called Yahoo CEO Marissa Mayer directly to complain about a snarky line that read something like “Predatory Lender Quicken Loans Arena.” We’re not sure precisely what it said, because barely any traces of it remain online. Mayer ordered the post deleted immediately.