Michael K. Ozanian of Forbes is reporting that the Indiana Pacers owner Herb Simon will receive and offer for $230 million or less in the next two months. While Simon will still make a killing on the investment after purchasing the team for $10 million back in ’83, when you look at the standard rate for teams ($300 million for the Bobcats in ’03), it still seems pretty cheap.
The big question of course will be who the new owner will be and what his plans are. The most likely scenario is a local investor to pop in and potentially revitalize the team, keeping it in the spot it’s been in since the ABA days (NETO 4 LIFE). But the possibility always lurks around the corner of an investor swooping in, purchasing the deal, and then Clay-Bennetting off with Indianapolis’ beloved franchise. The similarities would be jarring, with the rise of the local football team complicating factors and the decline of the current franchise.
Simon may elect not to sell of course, but as Forbes reports, the estimated $150 million in debt could be a huge complicating factor in that. There are definitely opportunities for teams elsewhere if an owner wanted to move the team, with the perennial favorites Anaheim, Las Vegas, Kansas City, and San Diego all options (because really, we don’t have enough California teams apparently).
Conseco Fieldhouse is eleven years old. Which is probably considered ancient in the bizarro world of arenas.
Minnesota is everyone’s team to watch this coming season — Karl-Anthony Towns, Andrew Wiggings, strong supporting cast, now all coached by Tom Thibodeau.
But they already were a lot of fun last season. Check out their Top 10 plays from last season.
This is the clearest sign yet that Chris Bosh is going to suit up for the Miami Heat this season.
The past two years Bosh has missed the end of the season with a very serious blood clotting issue. He has been working out, saying this week he’s hooping. He’s been frustrated with how the Heat have handled his health situation, including leaving this season hanging. But it sounds like the owner wants him to be ready to play — and owners get what owners want.
There are questions still to be answered: Will Bosh still be on blood thinners, and will he come off them on game days? Will there be restrictions on his travel? Will there be restrictions on his minutes?
But Bosh wants to play, and it sounds like the Heat owner is down with that.
The Heat are a much better team with Bosh on the court — he averaged 19.1 points and 7.4 rebounds per game, shot 36.7 percent from three and a true shooting percentage of 57.1, plus he had a PER of 20.2. He was an All-Star, but couldn’t play in the game because of the clotting issue.
With Bosh, the Heat are in the mix for a playoff spot this season. The question is, will they have him for the full season.
Carl Landry and Tibor Pleiss are going to get paid this year — they both had fully guaranteed contracts for this season.
But they are not going to be playing for the Philadelphia 76ers this season — both were waived by the team on Thursday. This was not unexpected. Both players salaries will count against the cap for the Sixers (they are still $16 million below the league salary floor).
Once they clear waivers, both players will be unrestricted free agents (Landry likely will latch on with another team for the league minimum, Pleiss may as well or could head overseas).
Landry will still make $6.5 million (fourth highest on the Sixers) but would have been battling for minutes in crowded and young frontcourt with Ben Simmons, Dario Saric, Nerlens Noel, and Jahlil Okafor (among other potential players, for example the Sixers are high on Anthony Barber).
Pleiss is in the same boat in terms of minutes, he was acquired from the Jazz along with a couple of second round draft picks just a few days back (the Sixers sent Utah Kendall Marshall, who was promptly waived). That trade was really about getting the picks — a very Sam Hinkie move by Bryan Colangelo.
This didn’t move the needle much on the Sixers season.
This is a huge season — a contract kind of season of sorts — for Noah Vonleh in Portland. The team has an option on him next season (the third of his rookie deal), and to impress people he is going to have to earn minutes at the four in front of Al-Farouq Aminu, Moe Harkless, Meyers Leonard, and Ed Davis.
The Blazers have high hopes for Vonleh, he was a central part of the Nicolas Batum trade with Charlotte. However, watching Vonleh at Summer League — 12 points a game on 46.3 percent shooting, 8.8 rebounds a game in more than 30 minutes a night — he didn’t show the development anyone had hoped to see. He should have dominated at that level. He didn’t.
Now there another injury setback for him.
He should be good to go around the start of training camp at the end of September.
But he can’t afford a slow start in training camp (that set him back his rookie season). He needs to show what he can do from day one, or Portland is going to move on without him.