The good news: There are a lot of people who want to buy the Golden State Warriors — including the insanely rich Larry Ellison.
The bad news: None of them offered the $400 million plus that current owner Chris Cohan was hoping to get for the team.
Ellison, the owner of Oracle computers, put in the same $315 million bid he made last year, according to the Oakland Tribune. Other bids included “24-Hour Fitness founder Mark Mastrov, a group from China and the current minority owners,” the paper reported, but they were all in about the same ballpark.
The bids here signal a shift in the kind of people who are buying teams and why they are getting into this. Sure, it also signals bargain hunting in a down economy, but things change now because not many people consider things worth $300 million something you find in the bargain isle.
Bidders now are much more savvy about what they are buying — this is not just a toy, this is an investment of hundreds of millions of dollars. People putting that much in do a lot of homework — current value, market value, what they can reasonably expect to spend and make over time. For a couple decades owners just made money because the value of the franchise would go up — you could lose money every year but ultimately you were making it all back and a lot more when you sold. As Henry Abbott has pointed out in a great story at TrueHoop, that model has changed. New owners get that. They will not overbid just to own a team, not at these prices.
Which means Cohan may not get the numbers he hoped to see. It means he may hold on to the team for a while looking for that to change (which is a bad thing for Warriors fans and the franchise). Maybe he needs to sell, what with owing the IRS $160 million. Either way, now he sees what people are willing to pay.
And if Cohan needs the cash, there is one guy who could just write the check tomorrow.
OKLAHOMA CITY (AP) — Russell Westbrook had his seventh consecutive triple-double Friday night in the Oklahoma City Thunder’s game against the Houston Rockets, the longest streak since Michael Jordan had seven straight in 1989.
Westbrook got his 10th rebound with 7:46 left in the fourth quarter. He already had 16 points and 10 assists. Westbrook finished with 27 points, 10 rebounds, and 10 assists.
The Thunder won the first six games during his streak, however they fell to James Harden and the Rockets 102-99. Harden was one rebound short of his own triple-double.
It was Westbrook’s 12th triple-double of the season and the 49th of his career. He is the NBA’s active leader in the category and ranks overall.
Jordan’s streak came during a run of 10 triple-doubles in 11 games.
NEW YORK (AP) — The NBA has denied the Toronto Raptors’ protest of their 102-99 loss to the Sacramento Kings on Nov. 20.
The league announced the decision Friday.
Toronto argued that the game officials incorrectly called for an instant replay review of whether the Raptors’ Terrence Ross released a 3-point shot prior to the expiration of actual time remaining.
The Replay Center official reviewed video of the play using a digital timer and determined the actual time remaining in the game expired before Ross released his shot, and the shot therefore did not count.
The league found that calling for an instant replay review in this case was consistent with the playing rules because the game officials determined that there was a clock malfunction.
Nobody can stop the Zeller brothers!
Well, that’s not exactly true. But in this case, Bismack Biyombo tried and Cody Zeller threw it down with authority over him.
I’m not starting a “Cody Zeller for the dunk contest” campaign, but this was impressive.
Pop quiz: Which team complains the most to the referees in the NBA?
You probably answered “the Clippers.” Most fans do. So do most NBA referees — And everyone else. Which is why after a recent loss to Golden State, veteran Marreese Speight (a Warrior last season) pointed to the Clippers complaining about the officiating as part of the problem.
He went on to say that the scouting report is you can get in the Clippers’ heads by knocking them around a little. Which seems pretty obvious when you watch teams play them. Shockingly, Clippers coach Doc Rivers disagrees with that. Via NBCLosAngeles.com.
“The officiating thing, I don’t think, is our issue. I will say that,” said Rivers about the technical fouls. “If that were the problem, then, Golden State would be struggling. They’ve been No. 2 the last two years in techs, too. I think we need to point fingers in another direction than that.”
Doc may not like it, but Speights is right.
The Warriors do complain too much, but they also have a ring so more is forgiven. The problem for the Clippers is that reputation for complaining starts with Rivers — he complains as much or more than any coach in the league. Then it filters down through Chris Paul and Blake Griffin.
Is it fair that more is forgiven with winning? Moot question. Welcome to America. The Clippers complain a lot and have yet to get past the second round with this core. And at times there standing there complaining to the referees does get in the way of them getting back into defense, and they seem to go in a funk.
Want to prove all that wrong? Win. In the playoffs.