Warriors draw plenty of interest from bidders, including Larry Ellison, but no magic numbers

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Thumbnail image for warriors_logo.pngThe 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.

Thunder guard Cameron Payne has surgery to repair Jones fracture in right foot

NEW YORK, NY - JANUARY 26:  Cameron Payne #22 of the Oklahoma City Thunder celebrates his three point shot in the second half against the New York Knicks at Madison Square Garden on January 26, 2016 in New York City.The Oklahoma City Thunder defeated the New York Knicks 128-122 in overtime. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Elsa/Getty Images)
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Hopefully, this does not develop into something chronic.

After a promising rookie season and an impressive Summer League in Orlando where he averaged 18.8 points per game, Thunder second year player Cameron Payne had surgery to repair a Jones fracture in his right foot, the team announced Monday. Here it is from the Thunder’s press release.

Oklahoma City Thunder guard Cameron Payne underwent a successful procedure today to repair a fractured fifth metatarsal in his right foot, it was announced today by Executive Vice President and General Manager Sam Presti.

The team is optimistic he will be ready to go by the start of the season (there is usually a 6-8 week timetable), but Payne and the Thunder need to be patient here. The fifth metatarsal is the bone that runs from the base of the little toe up to the ankle on the foot. While surgery can repair it, healing can be slow because that is not an area of the foot with great natural blood flow. The Thunder were down this road before with Kevin Durant, he came back eight weeks after the surgery but ended up needing a couple more to get everything fixed and missed 55 games because of it.

Payne played well as a rookie and is expected to see a healthy bump in playing time next season as a scoring guard off the bench behind Russell Westbrook. He just needs to get right first.

Report: Cavaliers reach five-year, $35 million contract extension with Tyronn Lue

CLEVELAND, OH - JUNE 22: Head coach Tyronn Lue of the Cleveland Cavaliers speaks onstage during the Cleveland Cavaliers 2016 NBA Championship victory parade and rally on June 22, 2016 in Cleveland, Ohio.  (Photo by Mike Lawrie/Getty Images)
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Coaches who win rings often get a pay bump. Guys who break a 52-year championship drought deserve one.

That includes guys who only coached half a season — especially ones working on the same contract they had before taking the big job.

Tyronn Lue and the Cavaliers just agreed to a healthy contract extension, reports Adrian Wojnarowski of The Vertical at Yahoo Sports.

That seems fair.

What Lue got that his predecessor David Blatt never could was real buy-in from LeBron James and the rest of the Cavaliers. Blatt came off as wanting to be the smartest guy in the room at all times — and don’t you dare discount his experiences coaching in Europe — while Lue was more humble and more direct. He didn’t get to put in everything he wanted, and the team didn’t play faster for him (statistically) as he wanted, but there was better chemistry.

This isn’t rocket science for Cleveland — if you have a coach that your franchise player backs, and said coach has proven he can win, you keep him.

Report: Westbrook doesn’t want to be traded, but real question is summer of 2017

BOSTON, MA - NOVEMBER 23: Russell Westbrook #0 of the Oklahoma City Thunder stands under the hoop prior to the game against the Boston Celtics on November 23, 2012 at TD Garden in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Jared Wickerham/Getty Images)
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Since the day after Kevin Durant said he was going to sign with Golden State — which came as a shock to a lot of people with the Thunder organization — there has been a sense from the Thunder and people close to it that they thought they could keep Russell Westbrook. That ultimately, he would prefer to stay. Few around the league were buying that, but OKC believed it.

Maybe it’s optimism. Maybe it’s reality. But the question isn’t about the 2016 season that starts in October; it’s the 2017 season. Does Westbrook want to stay with the Thunder long term and sign an extension to prove it? Or when he’s a free agent next summer does he want to at least listen to his other options? Because if it is the second option, even if Westbrook says he likely stays, well, the Thunder just went down that road and got burned. They have no choice but to move him. And he knows it. He just didn’t expect to have to make this decision now.

Westbrook doesn’t like the idea of being traded, reports Royce Young at ESPN.

According to sources with knowledge of the situation, he doesn’t want to be traded. He wants to play next season with the Thunder. It’s the year after that which is in question. There’s a growing belief Westbrook will think heavily about an extension but will first weigh every angle before doing it.

That extension would put $9 million more in Westbrook’s pocket next season (because the Thunder are under the cap) and he would get raises off of that for three more seasons. It’s a good deal, what he would ultimately lose is one more guaranteed year on the end of his contract if he left the Thunder, two if he stayed.

The real question is: Does he want to be wooed as a free agent next summer?

If the answer is yes, the Thunder have no choice but to trade him — and other teams will have lowball offers unless he guarantees to re-sign where he is traded (no team is giving up many quality future assets to rent Westbrook).

If the answer is no, he should go the James Harden route and sign an extension.

Either way, the answer is coming this summer.

Kevin Durant’s “KD” restaurant in Oklahoma City closes, to re-open under new name

OAKLAND, CA - MAY 30:  Kevin Durant #35 of the Oklahoma City Thunder stands on the court in Game Seven of the Western Conference Finals against the Golden State Warriors during the 2016 NBA Playoffs at ORACLE Arena on May 30, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ezra Shaw/Getty Images)
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More than just a new name, they may need to call in Robert Irvine for a “Restaurant Impossible” makeover.

Kevin Durant‘s restaurant in Oklahoma City KD’s has closed its doors — which makes a lot of sense, that’s not a name that’s going to sell much in OKC anymore. Brianna Bailey of the Oklahoman has the details.

Kevin Durant’s Bricktown restaurant closed Sunday, but vows to open with a new theme after Labor Day, Hal Smith Restaurant Group said Monday.

“The concept will offer an updated atmosphere with a similar menu to what has been available at that location in the past,” the restaurant group said in its announcement.

The restaurant had mixed Southern food classics — fried green tomatoes, po’ boys, fried chicken — in with steaks, burgers, and classic American fare.

The restaurant has been a popular eatery for years, and the ownership group said that didn’t change even after Durant decided to take his talents to Golden State. Still, seems a smart move to have name/theme change after Durant’s decision. I just recommend avoiding a California cuisine theme.