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.

The Warriors really had an eye on Joel Embiid’s trash talking (VIDEO)

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Joel Embiid has a reputation around the league already, and for good reason.

The man who continuously lobbied Rihanna to give him a chance for a date has other NBA players hoping they beat the Philadelphia 76ers just to avoid Embiid’s trash talking.

Indeed, the Golden State Warriors beat Philly on Saturday night, 124-116, thanks in part to a huge rally in the second half. A 22-point deficit had to be overcome for Golden State, and not just to add to their win column.

The team also wanted to sidestep Embiid’s silver tongue:

Both Draymond Green and Kevin Durant said they wanted to keep Embiid at bay. Durant’s comment was particularly funny, and can be seen in the video at the top of the article (fair warning, Durant used some NSFW language).

The Process is now The Reputation.

Former Knicks, Warriors F David Lee announces retirement from NBA

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One of the NBA’s more under appreciated forwards has announced his retirement from the NBA.

David Lee, who spent time in his career with the New York Knicks, Golden State Warriors, Boston Celtics, Dallas Mavericks, and San Antonio Spurs, told the NBA world about his retirement via his Instagram page on Sunday.

Lee, 34, played last season with the Spurs. He averaged 7.3 points, 5.6 rebounds, and 1.6 assists for Gregg Popovich’s team.

Via Instagram:

Lee played 14 seasons in the NBA, the majority of which came with the Knicks. During his time in New York, Lee was seen as an unsung hero, nabbing rebounds and doing yeoman’s work from the power forward position.

The Knicks traded Lee to Golden State in the summer of 2010 for Kelenna Azubuike, Anthony Randolph, Ronny Turiaf, and two second round picks. He was part of the Warriors’ 2014-15 NBA Championship before eventually being traded to Boston in 2015.

Sixers say injured Markelle Fultz will be re-evaluated in 2-3 weeks

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We were all waiting for supposed “good news” about injured Philadelpia 76ers guard and No. 1 overall pick Markelle Fultz. And it looks like we’ve got it? It’s hard to tell with this one.

On Sunday, the Sixers announced that Fultz — suffering from a sore right shoulder — would be re-evaluated in two to three weeks.

That’s at least some kind of timeline, which is more than we got when Fultz was originally ruled out indefinitely at the end of October.

Here’s the announcement from the Sixers.

Via Twitter:

Fultz has reportedly been working out and shooting left handed, which one can only hope is adding to his dexterity.

No doubt Sixers fans just want to see him on the court again as quickly as possible. The saga of the imbalanced shoulder has been a strange one, we’ve all got our fingers crossed that it settles normally.

Damian Lillard defends Blazers’ coach Terry Stotts on Instagram

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It’s far too early for panic in Portland. This is a team most outside Portland thought would finish a little above .500 and maybe grab one of the back-end playoff spots in the West, and at 9-7 they are on that pace.

But after an ugly Portland loss to Sacramento (just a few games after a loss to Brooklyn where coach Terry Stotts benched center Jusuf Nurkick for most of the fourth), Trail Blazers fans were restless and started to slam coach Stotts on the Trail Blazers’ Instagram page.

I doubt Stotts noticed, but Damian Lillard did and jumped in to defend his coach.

Lillard added this (hat tip Mike Richman at the Oregonian).

“Because people think they know more about what it takes to get things done at this level … For our team than they actually do,” he said. “We’re in this position for a reason. And coach Stotts had two 50-win seasons here and four straight years in the playoffs for a reason –because he knows what he’s doing. They mention … our record is 8-7 and we’re having breakdowns late in games. Well those breakdowns are a missed shot here, a turnover there, a defensive breakdown here, giving up extra possessions, missed free throws. It’s things that players control. If we were down 30 every game, that’s different. But we’re in position to win games. And when it’s time to win games, that’s the players’ job. “

Lillard is loyal to those around him and has had the back of teammates and his coach before.

Lillard and his teammates went out Saturday night and got some revenge on the Kings, winning 102-90.

Portland’s defense has been surprisingly good this season, second best in the NBA. It should have been better with Nurkic in the paint, but this has been a radical turnaround for a team where that end of the floor held them back in recent years. While that lofty ranking may not stick all season, the Blazers are defending.

Now the Blazers are just having trouble scoring efficiently (18th in the NBA), which is a little about a less-efficient Lillard and a rough start on that end for Nurkic.  That end of the court should come around, Lillard and C.J. McCollum are too good for it not to.