A couple weeks after a negotiation ploy that made things sound more dire than they really were, a deal has been struck for majority owner George Shinn to sell his shares to minority owner Gary Chouest.
As the news comes from NBA.com, we’re going to assume the sources are legit.
The club is planning an announcement on Wednesday afternoon, the person told The Associated Press on Monday, speaking on the condition of anonymity because no official announcement has been made by either party to the sale…
Chouest is a Louisiana native and owner of Edison Chouest Offshore, a company that builds and operates marine vessels for the offshore oil and gas industries.
In 2007, when the team returned from a two-year stay in Oklahoma City because of Hurricane Katrina, Chouest bought 25 percent of the club for $62 million, saying at the time his goal was to keep the Hornets in Louisiana.
This is good news for the Hornets and anyone who wants to see the team stay in New Orleans.
The reason this is good is simple economics. For Shinn, the Hornets were his primary business and he needed the team’s cash flow to keep it afloat, which led to trades of good players (Rasual Butler) to stay under the luxury tax threshold. Chouest has a thriving energy business; the Hornets will be his secondary business and income. Not that he is going to suddenly go Mark Cuban on the spending, but there will be more money behind the team and with that more stability.
No word yet on how much the team was sold for.
Dwight Howard never played for the Nets. He almost got traded to Brooklyn by the Magic, but the deal never happened.
Which puts a dent in Dennis Schroder‘s theory Howard gets up for games against only his former teams.
Howard dominated Brooklyn for 32 points and 30 rebounds in the Hornets’ 111-105 win tonight. That’s just the second 30-30 game in the last 36 years, Kevin Love notching the other in 2010.
All 30-30 games since Wilt Chamberlain, who had a ton:
- Dwight Howard (Charlotte Hornets, 3/21/2018): 32 points, 30 rebounds
- Kevin Love (Minnesota Timberwolves, 11/12/2010): 31 points, 31 rebounds
- Moses Malone (Houston Rockets, 2/11/1982): 38 points, 32 rebounds
- Swen Nater (Milwaukee Bucks, 12/19/1976): 30 points, 33 rebounds
- Elvin Hayes (Capital Bullets, 11/17/1973): 43 points, 32 rebounds
Howard helped Charlotte erase a 23-point second-half deficit and a 10-point deficit with four minutes left. The Hornets are playing out a lost season, and Brooklyn has looked overmatched most of the year, particularly at center. But no matter the situation, Howard says he still feels super-sized expectations.
Tonight, he exceeded them by leaps and bounds.
The Bucks lost, 127-120, to the Clippers tonight.
More importantly, Milwaukee lost Antetokounmpo to an ankle injury.
He limped off in the second quarter and didn’t return. The Bucks called it a sprain.
Any more time Antetokounmpo misses would be a huge loss. Hopefully, he recovers quickly.
No matter how many other good players – Khris Middleton, Eric Bledsoe – Milwaukee has put on the floor, the team has struggled without its star. Antetokounmpo is a commanding force offensively who just does so much, and his defense impresses.
The Bucks (37-34) are eighth in the East. They’re safely in playoff position, five games ahead of the ninth-place Pistons. But this hurts Milwaukee’s chances of avoiding a first-round matchup with the excellent Raptors – though the way Toronto has regressed in the playoffs in previous years, that might not be so bad. Still, the Bucks should probably chase the seventh-place Heat, who are up 1.5 games on Milwaukee, and a likely first-round matchup with the injury-ravaged Celtics.
Obviously, a healthy Antetokounmpo would be central to that pursuit.
The Cavaliers haven’t been good enough throughout the season, especially defensively. The Raptors have – offensively, defensively, starters, bench. Hope has grown in Toronto of winning the Eastern Conference after getting eliminated by Cleveland the last two years.
But LeBron James and Cavs showed why it’s hard to pick any other team – even the first-place Raptors – to win the East in a 132-129 win over Toronto tonight.
Cleveland allowed 79 first-half points and fell behind by 15. But a LeBron-led offense was just too potent. This was the first time since 1990 (Nuggets over Spurs after trailing 90-83) a team surrendered so many first-half points then still won.
LeBron finished with 35 points, 17 assists and no turnovers. No forward has ever dished so many assists without a turnover in Basketball-Reference’s database, which dates back to 1963-64.
And LeBron led the Cavaliers to this win despite Tristan Thompson, Rodney Hood, Larry Nance Jr., Kyle Korver and Cedi Osman being out.
It’s only one game, and it was in Cleveland. But even with home-court advantage in a potential playoff series, the Raptors must grapple with even more lingering doubt now about their ability to beat the Cavs.
Spurs assistant coach Becky Hammon was a candidate to coach the men’s team at Colorado State, her alma mater. That would have made her the first woman to coach a Division I men’s team.
Alas, it won’t happen.
Pat Forde of Yahoo Sports:
It’s unclear whether Hammon was ever actually offered the job.
She’s still on the right track for a head-coaching job somewhere. Most importantly, by all accounts, she’s doing good work in San Antonio. There’s also more attention on her career because of her pioneering status, and that will appeal to some teams.
This dalliance with Colorado State raises her profile even further and shows just how close she is.