Jordan takes big gamble on Bobcats

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Michael Jordan’s gambling penchant is almost as legendary as his game. But his move last Friday is the biggest financial gamble of his life — he bought an NBA franchise.

Like a lot of small market teams, the Charlotte Bobcats are losing money, with ticket sales and sponsorship revenue down in this economy. The Bobcats have been racking up debt under former owner Bob Johnson, and according to a great story by Henry Abbott at TrueHoop, Jordan now has the responsibility for those problems.

One source close to the process says that two things changed late in the game (to make Jordan’s deal come together). One is that some of the minority owners under Johnson agreed to stay on with Jordan in the lead role (which is reflected in David Stern announcing that a majority of the team had been transferred). And, most importantly, Jordan finally decided to put himself forward as the person who would pay the many bills as they arose. It’s unknown if he brought in any new owners at all. But what sources agree on is that Jordan vastly increased his own stake in the company, to the point that Stern is now calling him the “principal owner.”

Joel Litvin, NBA President, League and Basketball Operations says “we expect that this transaction will value the Charlotte Bobcats between $275-290 million.” The Wall Street Journal explains that much of the purchase involves Jordan taking on debt.

As Abbott points out, for the last few years Jordan has had a fun toy to play with. He got to make decisions — he was the final say on all things on all things basketball — without having to pay the price. That fell to Johnson. When a minority owner decided not to chip in for his share of the losses, Johnson had to cover it. Jordan is estimated to be worth roughly $400 million — that’s a lot of money, but you burn through it fast if the team is losing $40 million a year.

Jordan is gambling again. Gambling that he can make good basketball decisions that will put a winner on the court and draw more fans. So far his record as a front office executive is spotty — he’s been fired once, but this year the team is playoff bound and exceeding expectations. Building this team cheaply will not be easy as it has traded away a lot of draft picks for upcoming years.

Jordan also is gambling he can find more investors. Some people to sit by, get to bask in the Jordan aura, and fork over big checks to do it. Checks to cover the operating losses and debt that are going to take a few years to get rid of (at best). Making that sale is going to be a lot tougher than selling Hanes T-shirts.

But, do you really want to bet against Jordan pulling it off?

Steve Kerr has now reached 200 wins faster than any coach in NBA history

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Golden State Warriors coach Steve Kerr already has a championship under his belt as a coach. Now the 51-year-old former NBA player has reached another milestone in an already decorated career as a player and coach. After the Warriors beat the Houston Rockets on Tuesday night, 113-106, Kerr became the fastest coach in NBA history to reach 200 wins.

Kerr hit the mark in just 238 career games. His seasons at the helm of Golden State have produced just 38 losses — 15, 9, and 14 over the last three years, respectively.

In doing so, Kerr surpasses the mark set by former Chicago Bulls and Los Angeles Lakers coach Phil Jackson.

Congratulations are in order to Kerr and the Warriors. It’s certainly a huge accomplishment, and the lack of losses is dizzying to think about.

Three Things We Learned Tuesday: Warriors, Trail Blazers, Heat all help their playoff causes

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Tuesday was a big night for playoff chase games, so much so that the Wizards clinching the division title — their first since 1979 — or the bad night for the Pacers dropping them to seventh in the East didn’t even make the cut here. Here are the three big takeaways from the night.

1) In a battle of elite offenses, Warriors’ defense gets them key win in the race for the top seed. Wednesday night comes the game that will get a lot of media attention — Golden State heads into San Antonio in a battle of the two top teams in the NBA. The Spurs are 2.5 games back of the Warriors for the No. 1 seed in the West and all of basketball, any hope they have of catching Golden State requires a win tonight.

Except it may too late for the Spurs — with their win Tuesday night, the Warriors made it tough to catch them. Fivethirtyeight.com now has Golden State with a 93 percent chance to retain the top seed in the West.

Golden State held on to beat Houston on the road Tuesday, 113-106, in a battle of the NBA’s top two offenses. However, it was Golden State’s elite defense that was the difference — the Warriors held the Rockets to 38.8 percent shooting overall and 16.1 percent from three. The Warriors crowd Harden with multiple defenders, and while he still puts up numbers — he had a triple-double in this game — he’s not as efficient.

Not that there wasn’t an offensive show, between Harden’s triple-double and Stephen Curry dropping 32 points, 10 rebounds, and seven assists. Those two put on a show.

Golden State raced out to a fast lead and pushed that margin up to 22 by getting stops (and the Rockets just missing looks, they were 2-of-16 from deep in the first 24 minutes), then turning their defensive stops into transition buckets. Credit the Rockets because they battled back, started getting to the line, grinding a little, and by halftime it was just an eight-point Golden State lead. The game stayed in single digits through most of the second half, but the Warriors always kept the lead, and with a little push late got the win.

Which brings us back to the showdown Wednesday with San Antonio. If the Spurs win, they will be 1.5 games behind the Warriors, one game back in the loss column, with seven to play. The Spurs will have the tie breaker, but San Antonio would still need to win out (and Gregg Popovich has said he will rest players) and hope Golden State loses again (they have now won eight in a row heading into San Antonio). Certainly not impossible, but also not likely. By at least getting a split in their Texas two-step, the Warriors have probably earned themselves the top seed in the West.

2) Portland beats Denver, essentially ending the Nuggets’ playoff dreams. This wasn’t a must-win game for Denver in the purest sense — the Nuggets are mathematically alive for the eighth seed, just one game back of the Trail Blazers.

However, in the practical world, Tuesday night was a must-win game for the Nuggets.

And the Trail Blazers beat them. Beat then because of the guy Denver traded them at the deadline — Jusuf Nurkic had a career-high 33 points plus pulled down 16 rebounds, six offensive. After the game, he wasn’t shy telling his former team to enjoy their summer.

Going into the game Portland and Denver were tied for the eighth seed in the West, the final playoff spot. With the win, the Nuggets are one game up and have the tie-breaker, so it is, in essence, a two-game lead with eight to play. The challenge for Denver is six of their eight games are on the road, while Portland has just two of their eight away from home.

Fivethirtyeight.com now has the Blazers a 92 percent chance to make the postseason, the Nuggets get 8 percent. That’s not impossible, but it’s not likely.

3) Hassan Whiteside’s tip in keeps Heat in eighth seed, all but ends Detroit’s playoff hopes. This one play was the dagger shot to Detroit’s playoff chances. They had what amounted to a must-win game Tuesday against Miami, the Pistons needed one stop at the end, and this happened.

If I’m Stan Van Gundy, what keeps me up is not even the Hassan Whiteside tip-in, it’s little Goran Dragic pulling down the first rebound in and amongst the trees. How do you let him get that?

It was a disappointing ending to a disappointing game that caps off a disappointing season in Detroit. This team should be better than this, but here we are.  Detroit is now 2.5 games out of the playoffs with seven games to play. That’s too much. Fivethirtyeight.com has Detroit’s chances of making the playoffs at 1 percent.

Miami, on the other hand, has a 74 percent chance of making the postseason, according to the same site. The Heat’s biggest concern should be they are just one game ahead of Chicago for that last playoff spot, and the Bulls have a softer ending to the season (Miami’s last four games are Toronto, Washington, Cleveland, and Washington, although those teams could be resting guys at that point).

Blazers’ Noah Vonleh posterizes Nuggets’ Nikola Jokic with huge dunk (VIDEO)

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Tuesday night’s game between the Denver Nuggets and the Portland Trail Blazers was an important one. The two teams are fighting for the final spot in the Western Conference playoffs. The Blazers have been on the rise as of late, and the atmosphere at the Moda Center was electric.

While much of the talk was about Jusuf Nurkić, Mason Plumlee, and Nikola Jokic thanks to the trade between the two teams, it was actually Portland’s Noah Vonleh that got people talking early.

During a play midway through the first quarter, Vonleh threw down a huge dunk that posterized Jokic.

Via Twitter:

Vonleh has played much better alongside Nurkić this season, and Portland fans are all hoping he continues to develop going into next year. This kind of confidence and aggressiveness is just part of what the Blazers will need from Vonleh moving forward.

Stephen Curry’s 32 lead Warriors over Rockets 113-106

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HOUSTON (AP) Stephen Curry scored 32 points, Klay Thompson had 25 and the Golden State Warriors built a big lead early and held on for a 113-106 win over the Houston Rockets on Tuesday night.

The Warriors scored 37 points in the first quarter and never trailed on the way to their eighth straight victory and 60th this season.

Golden State led by eight after a pair of free throws by Curry with just over three minutes left. Patrick Beverley countered with a tip-in layup for Houston, then was fouled when he was knocked to the ground on a screen by Draymond Green seconds later.

James Harden missed a layup on the next possession before Green added a shot on the other end to put the Warriors up 107-99.

Another layup miss by Harden followed, and Curry made a 3-pointer with 1:46 left to send fans streaming to the exits.