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.

Watch Anthony Davis score 42 points in OT win over Celtics (VIDEO)

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New Orleans Pelicans big man Anthony Davis is on a bit of a tear.

Davis scored 48 points to go along with 17 rebounds on Sunday as the Pelicans beat the New York Knicks at MSG. Then on Tuesday night, Davis again went for 40+, scorching the Boston Celtics at TD Garden to the tune of 45 points, this time with 16 rebounds.

Alongside DeMarcus Cousins, who scored 19 points and grabbed 15 rebounds, Davis was the deciding factor in Tuesday’s game, helping to get early buckets in the extra time period.

The final result was impressive, and good news for the Pelicans as they continue to solidify their playoff position going into the All-Star break.

Watch the full highlights from Davis’ scoring outbreak in the video above.

Boston Celtics great Jo Jo White dies at 71

NBA.com
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BOSTON (AP) Basketball Hall of Famer Jo Jo White, a two-time NBA champion with the Boston Celtics and an Olympic gold medalist, has died. He was 71.

The Celtics announced his death Tuesday night. No cause was provided.

The team said it was “terribly saddened” by White’s passing, calling him a “champion and a gentleman; supremely talented and brilliant on the court, and endlessly gracious off of it.”

White played 10 seasons for Boston, which drafted him ninth overall from Kansas in 1969. He averaged 17.2 points per game over 13 years, also playing for Golden State and the Kansas City Kings before retiring in 1981.

The Celtics retired White’s No. 10 the following year, and he still was working with the club as a director of special projects at the time of his death.

White averaged 18.1 points as a member of the 1974 Celtics championship team and was chosen MVP of the NBA Finals two years later when Boston won again, scoring 33 while leading the Celtics to a 128-126 win in triple overtime against the Phoenix Suns.

Boston traded White to the Warriors midway through the 1978-79 season and he remained with Golden State through the following season. He played one final season in Kansas City, but was always beloved in Boston as a Celtic.

“His contributions to the team’s championship legacy may have only been surpassed by the deep and lasting impact that he had in the community,” the Celtics said in the statement. “The thoughts and sympathies of the entire Celtics organization are with the White family.”

White, who won an Olympic gold medal with the U.S. team in 1968, was a seven-time NBA All-Star. He was elected to the Basketball Hall of Fame in 2015, when he recalled his performance in the triple-overtime victory over the Suns that put Boston one game away from winning another title.

White played 60 of a possible 63 minutes of the game. Former Boston coach and player Tommy Heinsohn said the induction into the Hall of Fame was long overdue for White, who was thrilled it happened after battling health problems, including a brain tumor, late in life.

“I absolutely adored playing this game,” White said.

Isaiah Thomas asks Celtics to skip video tribute to focus on Paul Pierce

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The Boston Celtics already conceded to the wishes of Isaiah Thomas, foregoing a video tribute the first time the Cleveland Cavaliers played the Boston Celtics this year at TD Garden.

Now, it seems that Boston might have to skip a video tribute for their former point guard altogether.

On Tuesday, Thomas took to Twitter to say that he’d rather defer to former Celtics forward Paul Pierce, who is having his jersey retired by the team that night and complained about Thomas’ tribute.

Via Twitter:

The odd thing about this whole tale is that Pierce changed his mind on this thing in a span of 24 hours. A Fox Sports radio host pointed out earlier this month that Pierce initially said that he was OK with Thomas’ video tribute.

The next day on ESPN’s The Jump, Pierce did a full 180° and instead said he wanted the treatment the Los Angeles Lakers gave Kobe Bryant, with multiple videos being shown during timeouts throughout the game.

This seems petty on the part of Pierce, but at least Thomas appears to be taking it with grace.

JJ Redick has crack in left leg, will be reevaluated in 10-14 days

AP
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The Philadelphia 76ers could use JJ Redick, but it appears that the sharp-shooting guard will be out for at least 10 days due to an injury he suffered on Monday.

The team says Redick sustained the injury late in the fourth quarter during Philly’s 117-111 win over the Toronto Raptors.

Redick finished the game with 15 points, five rebounds, and one assist in 28 minutes of play, but had to be replaced with a little more than four minutes to go by T.J. McConnell.

Via Twitter:

A bone edema is a bit of fluid collection in the marrow (inner) area of the bone. The cortical part of the bone is the harder outer surface. What appears to have happened is that Redick suffered a crack in the exterior portion of his bone that also caused some inner fluid collection.

None of that sounds fun, but Redick will apparently be re-assessed in 10-14 days, so hopefully for the team it’s less serious that all this medical stuff makes it sound.