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: Raptors won’t sign Vince Carter if he gets bought out

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Of returning to the Raptors, Vince Carter said, “It’ll happen one day.” It sounds as if the Kings would buy him out if he wants.

Will he end the season with Toronto?

Josh Lewenberg of TSN 1050:

After speaking with a few team sources, I can confirm that they’ve had internal dialogue and debate about the idea of bringing Vince Carter back. It’s something that they wanted to do over the summer. That’s why they made him an offer, something that I’ve reported in the past. And it’s also something that they’d be open to in the future, perhaps next year in some capacity. But they’ve decided now is not the right time. And I think the consensus seems to be there’s so much going on right now, and they want this season to be about this team, their accomplishments and their playoff push and not the sideshow that I think would come with a Vince Carter return.

The Raptors (41-16) are on pace for their best record ever. They’re excelling offensively and defensively. Kyle Lowry and DeMar DeRozan are spearheading a more dynamic offense that spurs hope for more playoff success.

Toronto is probably correct to save the Carter reunion for another year – though it depends who else is available. That 15th roster spot could be useful. If Carter is the best player who’d sign, the Raptors should sign him and deal with the hoopla.

But it’s not clear whom they could get or whether they could even get Carter. He hasn’t sounded like someone who’d forgo guaranteed salary to play for the minimum.

Tiago Splitter announces retirement

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Tiago Splitter was so effective in his role for the Spurs during their playoff run to the 2014 title – 19.1 PER, .239 win shares per 48 minutes, +7.5 box plus-minus. It gets forgotten, because he twice lost his starting job that postseason.

Limited by a late start in the NBA and injuries, Splitter’s prime was short and ill-timed. He was a traditional center just as those were going out of style.

But for moments in the right matchups, he provided a major boost to a championship team. That was the peak of a seven-year NBA career.

HoopsHype:

Tiago Splitter announced his retirement at the age of 33 in an interview with SporTV.

Splitter just couldn’t get healthy. He missed 150 games over the last three years with the Spurs, Hawks and 76ers.

Drafted No. 28 in 2007, Splitter remained overseas for a few years and built hype and intrigue. He signed with San Antonio and started alongside Tim Duncan for a couple years. The Spurs later dumped him on Atlanta to clear space for LaMarcus Aldridge – a sign of Splitter’s success. He earned about $47 million in his NBA career.

J.J. Redick apologizes for saying what sounded like a slur for Chinese people

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76ers guard J.J. Redick explained saying what sounded like a slur for Chinese people – he was tongue-tied. But he didn’t actually apologize, and that bothered many.

Now, he’s getting that part right.

Redick:

Maybe Redick really did just stumble over his words. Based on the inflection, it certainly sounds possible.

Maybe he thought he was being funny then got caught.

He’d respond now the same way now either way. Maybe it’s just unfortunate he’s caught up in this. Maybe he’s using plausible deniability to get away with something.

I don’t know, but it’s good he apologized. People can apologize for accidents, and it usually helps make everyone feel better and move on.

Adam Silver: ‘Sounds like’ NBA All-Star draft will be televised next year

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NBA commissioner Adam Silver said the point of the All-Star draft wasn’t to create a new TV event, but a better All-Star game. He even pointed out Stephen Curry favored not televising the draft this year.

But All-Star after All-Star – from captain LeBron James to last pick LaMarcus Aldridge – expressed a comfort with the selections being known. Good thing, because most of the draft order leaked, anyway.

So, will the draft be televised next year?

Silver, in an interview with Ramona Shelburne of ESPN:

I was misinterpreted the other day, because people thought I was diming Steph by saying he didn’t want to televise it. I have no idea whether he wanted to televise it. What he said after the decision came not to televise it, he said let’s give it a chance to see if it works, and then if it works, then we’ll televise it. So, I said I agree with him. But I don’t know whether he was for or against it.

By the way, I’ll take as much responsibility. When we sat with the union and we came up with this format, we all agreed, let’s not turn something that’s 100 percent positive into a potential negative to any player. But then maybe we were overly conservative, because then we came out of there, and the players were, “We can take it. We’re All-Stars. Let’s have a draft.” So it sounds like we’re going to have a televised draft next year. But I’ve got to sit with LeBron and all the guys in the union and figure it out.

Overly cautious is right. This year was a missed opportunity. But the more important thing is getting next year right.

It sounds as if the NBA will.