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.

Sparks, Lynx take part in pregame demonstrations prior to WNBA Finals

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The WNBA has been no stranger to demonstrations of social conscience in recent years. On Sunday, things were no different.

Before the Game 1 of the 2017 WNBA Finals, both the LA Sparks and Minnesota Lynx participated in their own pregame demonstrations.

The Sparks, similar to many NFL teams on on Sunday, stayed inside the locker room during the national anthem. The Lynx decided to take the court, but linked arms in their own show of solidarity.

This came in response to Trump’s recent comments about Colin Kaepernick. The former “Trump Steaks” founder called anybody who “disrespects our flag” a “son of a bitch”.

That prompted many NFL team mates to join together in their own demonstrations, either kneeling for the national anthem or staying inside their locker rooms.

Trump also decided to disinvite the Golden State Warriors after star Stephen Curry said that he would vote know heading into a team meeting to discuss whether they should visit the White House as the reigning NBA champions.

That prompted response from several players around the NBA and in Golden State, as well asWarriors coach Steve Kerr, who asked for Trump to remember that he represents the entire nation and not just his constituency.

Meanwhile, Game 1 of the Finals was pretty incredible with the Sparks winning thanks to a Chelsea Gray jumper with two seconds left to make it 85-84. LA leads Minnesota in the series 1-0.

Report: Chicago Bulls and Dwyane Wade reach agreement on buyout

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Well it finally happened.

According to Chicago Tribune, the Chicago Bulls and Dwyane Wade and have reach an agreement on a buyout.

This has been coming for some time, as it does not make sense to have Wade in the fold for a young Bulls team moving forward. Both sides seem to have been at a stalemate for some time as Wade’s salary is $23.8 million for the upcoming season.

Wade will now be free to move to another team, and many people think that he will be headed to the Cleveland Cavaliers to join his pal LeBron James.

Via Twitter:

The Cavaliers are over the cap, so the only deal Wade would be able to sign at the moment would be for the veteran minimum.

The full banana boat crew of Chris Paul, Carmelo Anthony, Lebron, and Wade were not been able to get on a single team this offseason, so Cleveland does seem to be the most likely option.

What Wade can bring to the Cavaliers is another question. Cleveland has relied heavily on Richard Jefferson over the past two years, so it’s not out of the ordinary for them to use a veteran often. Wade has certainly declined in recent seasons but his per-100 possession statistics show he could still be useful for a championship-level team needing a bench ball handler and scorer.

Whether he would accept that role is another thing altogether, and if role is important to Wade moving forward he could end up in a different place than with James in Cleveland.

San Antonio is another interesting place for him to land, although so to is back home in Miami. We still have yet to see where Wade will sign, but this is just yet another item to declare this NBA offseason the greatest of all-time.

Report: Knicks wanted Cavs’ Tristan Thompson in potential Carmelo Anthony trade

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Carmelo Anthony is now a member of the Oklahoma City Thunder, but save for a refusal from the Cleveland Cavaliers he could have been playing with LeBron James this season.

According to Cleveland.com, the New York Knicks apparently tried to complete a trade with the Cavaliers before settling with the Thunder.

The centerpiece of the potential trade with Cleveland would have been power forward Tristan Thompson, a favorite of LeBron. The Cavaliers apparently decided against making that trade, which is how we wound up with Anthony heading to play with Russell Westbrook and Paul George.

Via Cleveland.com:

The Knicks wanted Thompson, 26, a center who like James is represented by Rich Paul. The Cavs told them no. Thompson is under contract for three more seasons, beginning at $16.4 million this year. Cleveland was willing to do a deal that would’ve cleared some contracts off the books, such as sending Iman Shumpert ($11 million this year) and others.

New York also asked about one of Cleveland’s two first-round choices for 2018, and the Cavs weren’t about to part with either.

The Cavs view the Brooklyn pick they own for 2018 as invaluable for multiple reasons. Trading the Knicks their own first-round pick would prevent them from being able to move the Brooklyn pick later this season.

Obviously an important backstory here is how much LeBron likes Thompson, and that they share the same agent. Thompson remains a somewhat underrated part of the Cavaliers overall success during the regular season.

Thompson played much of the year at center for the Cavaliers last year, apparently making it his permanent position. Cleveland’s roster without Thompson but with both Kevin Love and Carmelo would have been an odd mix, forcing Love to likely be the person to play the 5.

It makes sense that the Knicks would want to Thompson, and it also makes sense that the Cavaliers refused.

Steve Kerr to Trump: “Isn’t it you who must honor the White House, Mr. President?”

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There was much discussion this week about whether the Golden State Warriors would accept a potential invitation to visit the White House. However, when asked about a visit, Stephen Curry said that he would vote no. That prompted Donald Trump to preemptively rescind an invitation.

Then the weekend came, along with the backlash against Trump.

Trump rescinded the invitation for the Warriors in a speech in which he also called NFL players silently protesting police brutality, “sons of bitches”.

The Warriors organization responded to Trump’s comments, as did some players.

Now, Golden State head coach Steve Kerr has written about his own feelings on the matter on SI.com.

In an impassioned article, Kerr said that it was not possible for the team to visit the White House and have a typical visit. Kerr, whose father was the President of the American University of Beruit, said that he had met with several presidents in the past even if his personal views had differed. However, Kerr said he felt that Trump’s comments were “childish” and that he felt the real estate magnate was unable to absorb criticism — something former Trump supporter Mark Cuban agreed recently echoed.

Via SI:

I’ve been fortunate enough to meet President Reagan, both Bushes, Clinton, and Obama. I didn’t agree with all of them, but it was easy to set politics aside because each possessed an inherent respect for the office, as well as the humility that comes with being a public servant in an incredible position of power, representing 300 million people. And that’s the problem now. In his tweet to Steph, Trump talked about honoring the White House but, really, isn’t it you who must honor the White House, Mr. President? And the way to do that is through compassion and dignity and being above the fray. Not causing the fray.

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Instead, we get Trump’s comments over the weekend about NFL players, calling them ‘sons of bitches’ for kneeling during the anthem. Those just crushed me. Crushed me. Just think about what those players are protesting. They’re protesting excessive police violence and racial inequality. Those are really good things to fight against. And they’re doing it in a nonviolent way. Which is everything that Martin Luther King preached, right? A lot of American military members will tell you that the right to free speech is exactly what they fight for. And it’s just really, really upsetting that the leader of our country is calling for these players to be ‘fired.’

Remember, the president works for us, not vice versa. We elected him. He doesn’t just work for his constituents and his base. He works for every citizen. Once you take that office, you have to do what’s best for the entire country. Sure, you’re going to have policies that align with your party, but that’s not the point. Respectfully, Mr. Trump, the point is this: You’re the president. You represent all of us. Don’t divide us.

The comments from Kerr are also especially timely given that on Sunday many NFL teams and players either locked arms, knelt, or stayed inside the locker room in a display of solidarity. Unfortunately, given that this mass showing comes following Trump’s comments, many have mistakenly come to understand the meaning of kneeling itself to be some kind of protest against Trump.

However, whether it be Colin Kaepernick kneeling during the anthem or LeBron James and company wearing “I Can’t Breathe” t-shirts, the message has always been against police brutality and racial inequity — not against the nation, flag, or military, or Trump as many have incorrectly equated it to mean.

That Kerr has come out and explicitly stated that fact in his reaction — as the coach of the current NBA champions and perhaps the most popular team in the league right now — is an important thing.