Stern using economy as hammer: $400 million in losses

Leave a comment

Thumbnail image for stern ASW.jpgWhy did the owners submit the first proposal in the new Collective Bargaining Negotiations a full 18 months out from when the current deal ends? (That’s providing the owners opt out of the deal by the end of the year, which they will.)

Because they want to negotiate right now. Today. In this economy. Because this is the best time to say players are overpaid and get the public to agree with you.

People may not be feeling it on the ground yet, but economists say the economy is starting to turn around. It won’t be fast, but things should get better over the next couple of years, they say.

The owners see today’s economy, and how it has hurt their bottom lines, as the chance to really change the CBA. They want a larger share — 57% of Basketball Related Income went to the players last year — of a shrinking pie. If things are getting better, their negotiation position weakens.

David Stern, during his state of the NBA speech All-Star Weekend, threw out that league teams are going to lose $400 million this year. It is expected that the majority of teams will lose money. For the owners now is the time to negotiate, and Stern said as much.

“We had assured the players that we would deliver a proposal that was one that would lead to that sustainable business model [during this economy]…” Stern said. “Our response is you can denounce it, tear it up, you can burn it, you can jump up and down on it, as long as you understand that it reflects the financial realities of where we are…. We have shown the players the facts, and, at our current level of revenue devoted to players’ salaries, it’s too high. I can run from that, but I can’t hide from that. And I don’t think the players can, either.”

Henry Abbott at TrueHoop nailed the fact that Stern had to walk a fine line at that press conference. Stern talked about how gate receipts are better than expected (down about two percent league wide) and that the league is growing internationally. See what a great job we’re doing? Oh, by the way we’re losing boatloads of money and the players are overpaid.

The players see this, too. They also see the economy and should realize on some level that they will have to give back a little in these negotiations. But they want these talks to drag out, they want to negotiate in the economy of next year, not this one.

Matthew Dellavedova steals pass, hits wild scoop shot at buzzer (VIDEO)

Getty
1 Comment

Matthew Dellavedova is a hustler. Everybody knows that. Well, unless you want to argue he’s more about grit. It’s really your call.

But against the Boston Celtics on Sunday, Dellavedova came through with whatever you want to call it — hustle, grit, moxie, gumption.

As the first quarter wound down and the Celtics tried to inbound the ball, Dellavedova spied his opponents rolling the basketball in order to save time on the clock.

That allowed the Australian native to fly in and do this:

That’s a steal, a scoop, and a score all within 1.2 seconds.

Milwaukee won Game 4 and evened the series with the Celtics, 2-2.

Cavaliers tie series with Pacers in Indiana, 2-2

Getty
2 Comments

Sunday night’s game between the Indiana Pacers and Cleveland Cavaliers was raucous. Bankers Life Fieldhouse was rocking, and despite Indiana’s best effort to put back seemingly every offensive board it encountered, LeBron James‘ 32 points was just too much to overcome.

Facing the possibility of going down 3-1 in the first round, the Cavaliers pulled out the win, 104-100, and sent the series back to Ohio for Game 5.

The game came down to the final period following a surge by the Pacers to end the third quarter. The teams were tied several times midway through the fourth, but a tip shot by Thaddeus Young wth 6:13 left gave the Pacers the lead as fans in Indiana went wild.

Cleveland then came roaring back. At the three-minute mark, James drove to the basket and scored. Thirty seconds later, Kyle Korver hit a big-time 3-pointer to put the Cavaliers up by four points, a mark the Pacers couldn’t recover from.

LeBron scored again with 1:52 left, and despite some weird late-game antics — featuring none other than Lance Stephenson — the Cavaliers were able to remain resolute down the stretch.

James finished with 32 points, 13 rebounds, and seven assists. Kyle Korver added 18 points on 4-of-9 shooting from deep, and Kevin Love had five points with 11 boards.

Victor Oladipo struggled for Indiana, scoring 17 points but shooting just 25 percent from the floor. Seven Pacers finished in double-digits, with Young notching an impressive double-double of 12 points and 16 rebounds.

Game 5 will be played in Cleveland on Wednesday, April 25.

Wizards beat Raptors in Game 4, tie series at 2-2 heading to Toronto

Getty
2 Comments

The Toronto Raptors were far and away the best team in the Eastern Conference this season. The Washington Wizards were … well, very Wizard-y.

So considering their regular seasons, the fact that Washington was able to tie the first round series between the two teams at 2 games apiece on Sunday is pretty astonishing.

Bradley Beal had 31 points and five rebounds for the Wizards while teammate John Wall added 27 points to go along with a whopping 14 assists. Washington shot an impressive 41 percent from 3-point range as four of five starters finished in double-digit scoring.

Despite Beal’s performance, it was Wall who saved the day for the Wizards. Beal was disqualified after fouling out with around five minutes to play in the fourth quarter. Beal didn’t agree with the call, and could be seen throwing a towel near the Washington bench.

For his part, Wall either scored or assisted on 10 of the Wizards’ final 14 points of the game. That helped stave off the likes of DeMar DeRozan, who led all scorers with 35 points.

The series heads back to Toronto for Game 5, which will be played on Wednesday, April 25.

Marcus Smart wants to be back for Game 6 vs. Bucks

1 Comment

Boston Celtics guard Marcus Smart has been out for some time after injuring his thumb earlier in the year. The absence of one of Boston’s most important guards has been felt even more so after Kyrie Irving went down following knee surgery.

In short, the Celtics would like to have Smart back on the floor.

We’re now close enough that Smart has begun to give solid timeframes to reporters. Speaking to media on Sunday, Smart said that his plan is to be back for Game 6 against the Milwaukee Bucks. Boston took on Milwaukee on Sunday in Game 4.

Via ESPN:

Right now, [a Game 6 return is] the plan and we’re still on the same track,” Smart said before Game 4 on Sunday. “I’ve been doing everything but contact, so I will be able to go and start that.”

Smart said he believes the thumb is ready for contact.

“The surgery did its job,” said Smart, who injured himself March 11 while diving for a loose ball in a game against the Indiana Pacers. “Thumb is holding up well. I feel ready, I feel strong enough to get back out there. I’m just waiting on the OK.”

The series between the Celtics and Bucks has been tumultuous, a back-and-forth affair as an injury-riddled Boston squad takes on a healthy but offensively-sluggish Milwaukee team. Smart could add a shot of life for Boston in a much-needed way.

The Bucks won Game 4 and the series is now tied, 2-2. Game 6 would be on Thursday, April 26 if need be.