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.

Report: Kings also ready to trade Darren Collison, Arron Afflalo, Ben McLemore

Sacramento Kings guard Darren Collison, foreground, is hugged by teammate DeMarcus Cousins in the closing moments of the Kings 109-106 overtime win over the Golden State Warriors in an NBA basketball game Saturday, Feb. 4, 2017, in Sacramento, Calif. At right is Kings guard Arron Afflalo. (AP Photo/Rich Pedroncelli)
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A driving force behind the Kings trading DeMarcus Cousins: Sacramento keeps its first-round pick in the loaded 2017 draft only if it lands in the top 10 (though the 76ers hold swap rights). Otherwise, the Kings’ pick conveys to the Bulls.

Sacramento, only a half game better than the NBA’s 10th-worst team, figures to drop into the keep-pick zone without Cousins, the team’s best player.

But the Kings can intensify a fall through the standings by trading supporting players like Darren Collison, Arron Afflalo and Ben McLemore.

Chris Mannix of Yahoo Sports:

The Kings excised Cousins, and there are strong indications they are not done dealing, either. Sacramento is determined to restock the franchise with assets, and will be targeting rookie-deal players and draft picks in the coming days, sources told The Vertical. Free agents-to-be Ben McLemore and Darren Collison are available, sources said, as is Arron Afflalo, a solid bench scorer with a manageable contract.

Collison is the Kings’ starting point guard, and he’d be solid for a team seeking a rental. He’s making $5,229,454 in the final year of his contract. Trading a starter would certainly help Sacramento keep its pick in the top 10.

Afflalo ($1.5 million of $12.5 million guaranteed next year) and McLemore (who can be made a restricted free agent next summer) are producing far less. It’s less likely other teams covet them. At least keeping these two guards probably won’t lift the Kings too high in the standings.

Paul Pierce uses two phones at dunk contest, says props shouldn’t be allowed

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Paul Pierce — NBA veteran and emoji enthusiast — used not one but two smartphones to record the action during Saturday night’s underwhelming dunk contest. Why was Pierce doing this? Perhaps he wanted to have an extra copy of it because he doesn’t trust “the cloud”. Or maybe he’s doing some work as a social media manager on the sly. You know, getting a jump on that retirement thing.

Or maybe this is just something that Pierce really likes to do:

Whatever he’s doing, I’m not sure if he looks like a boss or like a goober doing it. I feel this accurately sums up Paul Pierce’s aesthetic.

Meanwhile, after Glenn Robinson III won the 2017 NBA Dunk Contest, Pierce had some thoughts that he expressed via Twitter.

Pierce may have a point. Jeremy Evans dunking over a painting of himself in 2013 immediately felt pretty ridiculous. But eliminating props entirely? I’m not so sure about that. How would they sell Kias then?

DeMarcus Cousins projects to miss out on at least $29.87 million due to trade

NEW ORLEANS, LA - FEBRUARY 17:  DeMarcus Cousins #15 of the Sacramento Kings speaks with the media during media availability for the 2017 NBA All-Star Game at The Ritz-Carlton New Orleans on February 17, 2017 in New Orleans, Louisiana.  (Photo by Ronald Martinez/Getty Images)
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DeMarcus Cousins was all smiles the moment he appeared to find out about his trade, or at least trade rumors of going, from the Kings to the Pelicans.

But once he examines the deal closer, he might not like every aspect.

Cousins stands to miss out on a lot of money — about $30 million or more — due to this trade.

Because he made All-NBA teams the last two seasons, he was eligible to sign a designated-veteran-player contract extension this summer. As a matter of fact, he reportedly planned to do just that with Sacramento reportedly planning to offer it. That extension projected to be worth $209,090,000 over five years ($41,818,000 annually).

But, once officially dealt, Cousins will no longer be eligible for that super-max extension. It’s reserved for players still with their original team or who changed teams only via trade during their first four years.

This is Cousins’ seventh season, dropping his max starting salary in 2018 from 35% of the salary cap as a designated veteran player to 30%. That projects to be $179,220,000 over five years ($35,844,000 annually) if he re-signs.

It’d be even less if he leaves New Orleans, a projected $132,870,000 over four years ($33,217,500 annually).

Notice how small that difference is now between his incumbent team and other suitors. By rule, the Pelicans won’t hold nearly the same advantage in keeping him as the Kings would have. In other words, New Orleans faces greater risk of Cousins walking.

And there’s no guarantee Cousins gets the max. You saw how little the Pelicans traded for him. That speaks to his value around the league.

Just over a month ago, Cousins appeared content to take $209 million or so and stay in Sacramento. Now, his financial future is far more uncertain. But this much we know: His max possible salary on his next contract just got lowered.

Is this the moment DeMarcus Cousins found out he was traded? (video)

NEW ORLEANS, LA - FEBRUARY 18:  DeMarcus Cousins #15 of the Sacramento Kings attends practice for the 2017 NBA All-Star Game at the Mercedes-Benz Superdome on February 18, 2017 in New Orleans, Louisiana.  (Photo by Ronald Martinez/Getty Images)
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NEW ORLEANS — DeMarcus Cousins was set to answer questions after the All-Star game, when a Kings public-relations official said, “All-Star questions first, please. All-Star-game questions.”

“What other questions we got?” Cousins asked, seemingly unaware of his trade to the Pelicans.

The PR person whispered in Cousins’ ear.

“Oh, really?” Cousins asked.

More whispering.

“It’s whatever,” Cousins said.

Then, asked about his All-Star experience, Cousins smiled big and said, “It was amazing, man. I enjoyed the city of New Orleans. I love it here in New Orleans.”