Dolan and his business partner/friend/muse, Eagles manager Irving Azoff, are building and renovating entertainment venues around the world. That’s Dolan’s true love. Sports are a hobby, one that he’s hasn’t mastered. “I don’t see him selling because it keeps him relevant,” said a person close to Dolan. “It makes him matter. Maybe at some point, but not now.”
According to Simmons’ sources, owner James Dolan is seriously considering selling the Knicks. “Multiple people told me this, who know things. James Dolan is courting offers for the Knicks,” said Simmons. “It’s happening. It’s on. It’s go-time. He’s courting offers for the Knicks. That’s what I heard at All-Star weekend from people I trust.”
Wow. “This is what I’ve pieced together. [Dolan] really cares about the buildings and the in-game/in-concert experience. And he wants to put even more money into that,” Simmons explained. “The Knicks are just a pain in the a--, people s--t on him for it. He feels if he can just sell the Knicks for some crazy price, then he can put the money into that music/in-game experience stuff that he cares about. So, the Knicks are available.”
New York Knicks owner James Dolan, who has put the New York Liberty up for sale, said he couldn't rule out selling the Knicks if the right offer came along. Dolan, who is chairman of Madison Square Garden and also owns the New York Rangers, told ESPN's Ian O'Connor in a wide-ranging interview released Monday that there have been "feelers" of offers upward of $5 billion for the Knicks, but that "no one has come through with a bona fide offer."
James Dolan, the owner that Knicks fans love to hate, may be laying the groundwork for a sale of the franchise. Shares in Madison Square Garden Co. soared on the news. Late yesterday Dolan announced he was exploring a spin-off that would separate the Knicks and the Rangers from the rest of Madison Square Garden. While Dolan would remain in charge of the teams, at least at first, putting them together in a separate public company would offer him the chance to whittle down his stake easily if he chooses. Dolan is understood to be more interested in music and building cutting-edge entertainment venues than sports. "He wants to be more Elon Musk than George Steinbrenner," an analyst told Crain's in an article last month.
It’s been a trying week, so let me treat you to something nice. Watch the stock price for The Madison Square Garden Company do a little jig over the last two days: What could explain this spike? Probably the announcement, late Wednesday, that James Dolan, chairman and CEO of MSG, is considering spinning the Knicks and the Rangers off into a separate company, which would smooth the path for an eventual sale of both teams, per a Crain’s report. This suggests that there may be a day, perhaps even in the not-so-distant future, when those teams are no longer owned by James Dolan. The aspiring bluesman, profiled by our own Dave McKenna in 2016, is said to be bringing his business life in alignment with his true passions.
June 20, 2021 | 11:22 am EDT Update
Adrian Wojnarowski: As expected, Brooklyn Nets guard Spencer Dinwiddie plans to decline the $12.3M player option on his 2021-2022 contract and become an unrestricted free agent, sources tell ESPN. He has a Monday deadline. Dinwiddie missed most of the season with an ACL injury.
Justin Kubatko: Giannis Antetokounmpo last night: ✅ 40 PTS ✅ 13 REB ✅ 5 AST Antetokounmpo is just the third player in NBA postseason history to record at least 40p/10r/5a in a Game 7, joining Jerry West (1969) and Tim Duncan (2006). He’s the first player to do so on a winning team. pic.twitter.com/a6NcLlxQDi
June 20, 2021 | 10:02 am EDT Update
According to NBA insider Marc J. Spears, the 31-year-old point guard will most likely be moved by the Thunder. He thinks that the Los Angeles Lakers should try to get him. Spears also revealed that Kyle Kuzma appears to be leaving the 2020 NBA champions. “Man, I can’t see Kemba playing there. If I’m the Lakers, man, why not try to go after Kemba. To me it makes a lot of sense. Kuzma already looks like he’s on his way out,” Spears said on ESPN’s The Jump.
The 2020 NBA champion further fuelled speculations by deleting the Lakers from his Instagram bio. It is nothing new for Kuzma to be included in trade rumors. Ever since entering the league, his name was part of speculations each season.
“I think Spencer will get high teens (annually),” one NBA executive told HoopsHype. “Dinwiddie seems like he’s leaving,” another NBA executive predicted when speaking with HoopsHype. “He’ll have a high salary number. I don’t see him staying regardless. I don’t get the sense he wants to be there.”
“Coming off that injury, I’d be concerned about giving him in the neighborhood of $80 million over four years,” an NBA executive told HoopsHype. “Dinwiddie is worth $14-17 million depending on his health,” another executive said.
To the executive’s point, some around the league believe Dinwiddie wants to be a starting point guard with a larger role as he had during the 2019-20 season when he averaged a career-high 20.6 points and 6.8 assists per game. Even if Dinwiddie wanted to return to the Nets as Irving’s backcourt mate, it would be tough for the Nets to keep him with luxury tax implications in mind.
After signing with Brooklyn for the veteran’s minimum, several NBAexecutives believe Green will earn a pay raise this summer.Executives estimated his value is currently at $3-6 million annually. “Green and Griffin probably won’t get more than the bi-annual exception,” oneexecutive projected. “I think Green will be a tax-payer mid-level exception guy,” another executive countered.