Seven years ago, Robert “I didn’t name them the Bobcats after me” Johnson forked over a cool $300 million so he could start and expansion NBA team in Charlotte.
Michael Jordan just bought the team for $175 million, according to the people at Forbes. If Jordan had waited another week he might have been able to get them at the 99¢ store.
This is a big blow to the NBA because current owner Robert L. Johnson paid an expansion fee of $300 million seven years ago and the league has several teams hunting for investors. Other than right here, I doubt you will see a price for a long, long time in the media. Usually, when a team is sold related stories include estimated prices, frequently leaked by the NBA or someone involved with the transaction. I searched Google but could not find one story that mentioned the price. The NBA is embarrassed about the $175 million valuation. And rightfully so.
The people at Forbes need to work on their Googling skills: The League estimated the value of the franchise as north of $260 million, then on Monday the Wall Street Journal reported the sale was for $240 million.
That $175 million may be the valuation of the team itself, but Jordan also was rumored to take on a pretty heavy debt load from Johnson as well. That may not be part of the calculated price, but it matters on the bottom line.
Either way, it shows that the rising tide of the NBA does not lift all boats, if your boat is a poorly-run franchise in a small media market.
Golden State Warriors guard Stephen Curry is a wizard when it comes to shots you don’t think can ever reach the iron. Each time he does something like this, he surprises you even though you should be used to it by now.
But I’m not. The Utah Jazz aren’t. Heck, maybe even Steph isn’t used to it by now.
As Curry was driving down the left side of the floor on Thursday, Shelvin Mack got out of position and wound up trailing the Warriors star. With Curry rounding the pick, Mack reached and earned a foul.
Thinking quickly, Curry then hoisted up a rainbow of a shot that gently kissed the net on the way down.
Curry would go on to make the free throw for the 3-point play.
We’re 21 games into Minnesota Timberwolves C Karl-Anthony Towns‘ sophomore season and it already seems cliche to say that he has guard skills
But, like, he does have guard skills.
There was more evidence of that on Thursday night as the Timberwolves matched up with the Toronto Raptors in Canada.
With the ball near the top of the arc and with the Raptors defense collapsing on the Minnesota guards, Towns saw an opportunity to split the defense and run to the rim with the ball.
Toronto C Jonas Valanciunas slid over to meet Towns at the rim, but there wasn’t much anyone could do.
Pau Gasol spent two seasons at the United Center with the Chicago Bulls, so it made sense that when he returned as a member of the San Antonio Spurs on Thursday, he would know his way around. In fact, Gasol knows the bowels of Chicago’s home arena so well that he wound up walking toward the wrong locker room as a force of habit.
During the NBA on TNT’s coverage of the game, reporter Allie LaForce showed cameras following Gasol after he said hello to some folks in the tunnel.
Unfortunately, Gasol walked about 15 feet before realizing he was heading to the wrong side.
Maybe it was something of an indicator for the night, as the first few quarters of play between the Spurs and the Bulls were extremely sloppy.
Damian Lillard had the No. 1 hip-hop album on iTunes. Milwaukee Bucks fans still think he needed to get taken down a peg, so on Wednesday during a game between the Portland Trail Blazers and the Bucks, fans in Milwaukee had a message for Lillard.
Well, it was more of a cheer:
If you can’t quite make out what Bucks fans are saying, it was pretty simple: “Sound-Cloud rap-per!”
Lillard famously began his rapping career as an NBA player by releasing songs on SoundCloud — a mostly-free online audio hosting site — but he’s now graduated to a big release with professional production and guest spots by industry legends like Lil’ Wayne, Juvenile, and Jamie Foxx. His debut full-length album came out in October and is called “The Letter O”.
The Blazers superstar also started his own label in November.
Still, the Bucks arena experience is pretty great considering the coordinated t-shirts, the Bandwagon Cam, and Giannis Antetokounmpo.