Fertitta says he has spent $400 million on the hotel and adjacent office building. In August he invited Forbes to his headquarters to argue for boosting our estimate of his net worth. For his biggest trophy, Fertitta in 2017 finally bought the NBA’s Rockets (he first acquired a 3% stake in 1983) for a then-record $2.2 billion, raising funds by borrowing against Landry’s. With Landry’s leveraged to the hilt, the pandemic hit. “For four weeks you were just scared to death,” Fertitta recalls. “You can’t save the world, so you’ve got to make tough decisions”—like laying off 40,000 workers. (He says he has since refilled all but 3,000 positions.) “I caught so much shit for it because I was the first one who did it,” he says. Not that he second-guesses himself. “You’ve got to remember, it’s all my money. At other companies CEOs are not so quick, because it’s not theirs.”
October 23, 2021 | 1:41 pm EDT Update
Shams Charania: Sources: 9-year NBA veteran Lance Stephenson will play for the Denver Nuggets’ G League affiliate, Grand Rapids, this season. He was selected No. 13 in G League draft today.
Andrew Greif: In today’s G League draft, where LiAngelo Ball went 14th overall to Greensboro (one pick after Lance Stephenson went to Grand Rapids), the Clippers’ Agua Caliente Clippers took Nate Darling fifth overall.
Tommy Beer: The Knicks have made 41 three-pointers this season. No other team in the NBA has made more than 32. Total 3-point attempts thru the first two games of the season: Knicks: 99 Rockets: 71 Nets: 71 Warriors: 70 pic.twitter.com/YTF6OJSVlH
October 23, 2021 | 12:42 pm EDT Update
In an exclusive statement to Yahoo Sports’ Vincent Goodwill, Roberts urged everyone to be respectful and supportive of Simmons as he works through a tough time. She also called out Sixers president of basketball operations Daryl Morey’s comments about continuing this standoff with Simmons for the four remaining years of his contract. “Really? Is it so hard to believe that Ben’s not mentally at a place to compete? Professional athletes — like the rest of us — have difficult periods in our lives that require time and energy to heal. We have and will continue to provide Ben with the support and resources he needs to work through this. Threatening the prospect of ‘another four years’ serves no one’s interests. Like Tobias [Harris], I say let’s respect Ben’s space and embrace him while allowing him the time to move forward. “So, take a breath and count to 10: We are all too good to continue to play this perpetual game of chicken.”
The Wizards then flipped a draft pick for Aaron Holiday and signed Spencer Dinwiddie as part of the trade. Kuzma put on his GM hat after Friday’s game to evaluate the deal in hindsight. “I mean, you gotta do that trade 10 out of 10 times. If you have an opportunity to get five good basketball players for one, it makes sense. Granted, [Westbrook is] obviously a Hall of Fame player and everything. He’s an unbelievable player, don’t take that wrong,” Kuzma said.
Mark Medina: Lakers coach Frank Vogel taking issue with Dwight Howard and Klay Thompson not being on NBA Top 75 list. Vogel called it “surreal” that LeBron, AD, Westbrook and Melo are all on the list