Mikhail Prokhorov, New Nets owner, is smart, lucky, not so scary

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The “Mikhail Prokhorov — Get To Know Me” campaign is in full swing.

Last night he was on 60 Minutes towering over Steve Kroft. Next week he will featured in Bloomberg Markets Magazine, May 2010 edition (which we were given an advanced copy to review). Because he’s rich and Russian and we here on this side of the globe know a little about him, there have been some concerns. And some demonizing. Which was undeserved.

Here’s what we’ve learned so far: He’s tall (6’8″), thinks he’s the first owner who can dunk (Michael Jordan may have beat him to it, although my money was always on Jerry Buss), he’s rich because he’s smart and lucky, and he makes deliberate decisions. That last thing — the deliberate decisions part — should make Nets fans very happy.

Oh, there’s the titillating stuff. He owns a $45 million yacht he barely ever is on because he gets seasick easily. He admits to paying bribes in the 1990s (because that was how you had to do business in that Wild West environment). There’s the fact he doesn’t own a cell phone and says he has only been on the Internet three times. When it comes time to break things down he goes the old-school pencil and paper way. But that’s not the heart of the introductions.

The Bloomberg Markets article breaks down how Prokhorov got to be worth the estimated $22.5 billion (yes, with a “b”) he is now. It starts back when he was in school, when Russia was just opening up to the West and there was a craving for all things American. He started a company making stone wash jeans (back when those were cool be seen in — which by the way Wisconsin ended more than a decade ago) and pretty soon he was raking it in and had 300 employees. And by raking it in, we mean he was getting a 14-to-1 return on every ruble invested.

He then got into banking and buying mines. Which was where the luck came in — he was one of the richest men in Russia when he was accused of consorting with and maybe even helping organize prostitutes. Prokhorov denies all this, although the Bloomberg article makes he clear he hangs with the kind of women that will earn him street cred among NBA players. Back to our story: Prokhorov’s mining partners forced him out after this incident, and Prokhorov cashed out. Then the Russian economy and markets tanked. While everyone he used to work with saw their net worth plummet, he was sitting pretty.

Then most recently, he started using that cash to snap up undervalued and distressed assets.

Enter your New Jersey Nets.

Prokhorov is convinced he and the Nets can win. And when he’s been convinced of something he has made it happen. Which should make Nets fans happy — this may ultimately be a vanity purchase, but he is taking is seriously.

And that should be welcomed in the NBA, not demonized.

Report: Rockets will leave Donatas Motiejunas’ offer sheet open

NEW YORK, NY - JANUARY 12:  Donatas Motiejunas #20 of the Houston Rockets and Bojan Bogdanovic #44 of the Brooklyn Nets fight for the loose ball at the Barclays Center on January 12, 2015 in the Brooklyn borough of New York City.The Houston Rockets defeated the Brooklyn Nets 113-99. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Elsa/Getty Images)
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Donatas Motiejunas’ agent, B.J. Armstrong, said he knows their rights.

Apparently, so does Houston.

Motiejunas has refused to take a physical with the Rockets since they matched his offer sheet from the Nets. So, Houston will hold him on that offer sheet indefinitely.

Jonathan Feigen of the Houston Chronicle:

https://twitter.com/Jonathan_Feigen/status/806915490262163456

Motiejunas can’t sign an offer sheet with another NBA team. He probably can’t even join an overseas team in a FIBA-accredited league, because his NBA holdout will prevent him from getting clearance.

All he can do is submit to a physical or negotiate a new deal with the Rockets.

Motiejunas could undergo a physical anytime between now and March 1. If he passes, he’d join Houston on the terms of his matched offer sheet. If he fails, he’d go to Brooklyn on the original offer-sheet terms (which are $6 million apart).

Motiejunas could also negotiate a new deal with the Rockets. They have immense leverage with his matched offer sheet in place, but perhaps a compromise could be forged. Motiejunas obviously wants a chance at that $6 million, but he’ll have to concede something in exchange. Maybe that’s a later guarantee date on his 2017-18 salary. If both sides agree to a different contract, Houston would withdraw its match, which would make Motiejunas a restricted free agent. Then, the Rockets could re-sign him.

They sure aren’t letting him out of this limbo just to seek a better offer sheet from another team. A new contract must already be agreed upon.

In the meantime, Motiejunas will continue to count toward the Nets’ team salary while the offer sheet is open, which is a nuisance but not hugely disruptive. They have plenty of cap space anyway, and the odds of adding significant salary in a trade are low.

Houston will continue to play without Motiejunas. That’s also not ideal for the Rockets, but they’ve been fine without him so far.

The qualifying offer will expire on March 2, when Motiejunas will no longer be eligible to sign an offer sheet with another team. He’d still be allowed to re-sign with Houston, though. Failing that, he’ll re-enter free agency next summer, when the Rockets could again make him restricted, and we’ll start the process all over again – with the caveat that the Nets can’t sign him for one year after his offer sheet expires.

Maybe something will break before it gets to that point, but Houston and Motiejunas have trudged deeper into this standoff than ever imaginable.

Stephen Curry skips pass between DeAndre Jordan’s legs, gets Zaza Pachulia a layup (video)

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Nicolas Batum wasn’t the only player to bounce a pass through an opponent’s legs last night.

Stephen Curry nutmegged DeAndre Jordan on this sweet assist to Zaza Pachulia.

Clint Capela and Montrezl Harrell take turns dunking on Julius Randle (videos)

LOS ANGELES, CA - DECEMBER 05:  Head Coach Luke Walton of the Los Angeles Lakers talks with Julius Randle #30 during the second half of a 107-101 Jazz win at Staples Center on December 5, 2016 in Los Angeles, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Harry How/Getty Images)
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Rough night for the Lakers, who lost 134-95 to the Rockets.

It was particularly harsh for Julius Randle, who got dunked on by Clint Capela:

And then Montrezl Harrell:

Giannis Antetokounmpo called for 10-second violation on free throw (video)

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This Giannis Antetokounmpo 10-second violation was a year in the making.

Unfortunately for the Trail Blazers, it was too little, too late. Antetokounmpo still finished with 15 points, 12 rebounds, 11 assists, four blocks and two steals in the Bucks’ 115-107 win.