Call it the transition game: Michael Jordan and three other NBA owners are getting into the liquor business. The Charlotte Hornets owner has entered the venture with Jeanie Buss of the Los Angeles Lakers, Wes Edens of the Milwaukee Bucks and Wyc Grousbeck and wife Emilia Fazzalari of the Boston Celtics. They are creating a brand of tequila, a project that took root when they had dinner together a few years ago.
Nets Daily: So from various sources: —Sept 19-20: NBA approves Joe Tsai as owner; —Sept 24: Markinson press conference; —Sept 27: Media Day; —Oct. 4: Preseason opener at Barclays; —Oct. 5: Practice in the Park, Nets leave for China Games.
The NBA is looking to further crack down on tampering, proposing a new top fine of $10 million for teams conducting the practice, according to a league memo obtained by ESPN. Other maximum-fine levels could be raised significantly as well, provided the league’s board of governors approves the measures Sept. 20.
If a team enters into an unauthorized deal with a player, it can be fined up to $6 million — and the player can get hit with a $250,000 fine as well. Statements or conduct detrimental to the NBA could come with a $5 million fine now, up from the previous ceiling of $1 million. And a rule violation with no specific penalty could merit a $10 million fine, up from $2.5 million — the amount that Silver fined former LA Clippers owner Donald Sterling while banning him for life from the NBA in 2014 after he was found to have made racist remarks.
Other proposals that the board of governors will consider: a requirement that a team report, within 24 hours, any instance of an agent or player representative asking for a benefit that is not allowed under the salary cap or collective bargaining agreement (“unauthorized benefits”); a requirement that teams preserve communications with players and their agents for one year; new channels for teams and team employees to anonymously report rules violations or tampering; prohibiting players from inducing players under contract to request trades.
“That’s super-sweet,” Nowitzki said Sunday at his Pro Celebrity Tennis Classic on the SMU campus. “That was a surprise to me. It’s of course an honor. I don’t think anybody else has done that before. I’m super, super thankful to Mark (Cuban). I think it was actually his idea for the Mavericks to execute that. It’s going to be surreal going to games and seeing that right there. It’s definitely special.”
Hornets Sports & Entertainment Chairman Michael Jordan today announced that Gabe Plotkin, Founder and Chief Investment Officer, Melvin Capital, and Daniel Sundheim, Founder and Chief Investment Officer of D1 Capital, will join HSE as partners. The transaction is subject to NBA approval.