Could the Warriors really be worth over $400 million?

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The Warriors continued their tired march as one of the most poorly run organizations in the NBA this season, with their 26-56 record nothing more than a reflection of the team’s misfortune from top to bottom. There is undeniable talent on the Golden State roster — had Steph Curry started rolling in November rather than January, he very well may have been the Rookie of the Year — but there are all kinds of ill-fitting parts and a coach that doesn’t seem to care to figure it all out.

They’re poised to get better, as Curry, Anthony Randolph, and Monta Ellis will continue to improve. Golden State will add the No. 6 pick in this summer’s draft, and while that may not be John Wall or Evan Turner, the Warriors could still add an impact player. Golden State could actually become moderately successful, should they manage to shed some of the ridiculous salary that’s gumming up the works.

Apparently those petty details — lack of winning, large, oppressive contracts, etc. —  aren’t sandbagging the valuations of the Warriors franchise, though. From Rex Crum and David Biderman of the Wall Street Journal:

The Warriors, who are up for sale, are likely to fetch more than
$400 million, according to several people familiar with the team’s
finances. That would be a record for an NBA squad, surpassing the $401
million paid by businessman Robert Sarver for the Phoenix Suns in 2004
and the approximately $240 million paid by NBA Hall of Famer Michael
Jordan for the Charlotte Bobcats in February.

Spurring the
Warriors’ value is a number of factors–almost none of which are related
to how the team has played over the past 15 years. Instead, the value
has everything to do with the team’s Bay Area market, ticket sales and
a below-market television deal that is set to expire in 2015.

Larry Ellison set the bar with a $315 million offer, but according to the Journal’s sources, that seems like a low-ball. Maybe the value of the Warriors really is that high due to the attractiveness of the market, but the very notion that one of the worst franchises in the sport could set league records with its sale is a bit odd. Obviously there are things far more valuable than basketball success, and that’s what a potential owner would really be paying for.

Still, the Warriors? The Warriors? The market is great and the fan base is fantastic, but this is a case where even though the team has done so many things so poorly for so long from ownership to management to the on-court product, the team could bring in more money than any other NBA team ever sold. That’s just…great.

Report: Jim Buss resigns as Lakers trustee

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Jim Buss’ fall from power within the Lakers continues.

After Jeanie Buss fired Jim from his front-office position, Jim and Johnny Buss tried to wrestle control from Jeanie.

That gambit has failed.

Nathan Fenno of the Los Angeles Times:

The three siblings have agreed for Jeanie to serve as controlling owner and on the team’s board of directors as long as the family owns the Lakers. On Monday morning, they asked a Los Angeles County Superior Court judge to issue an order to that effect.

According to a person familiar with the situation, Jim Buss resigned as co-trustee Thursday as part of a requirement by Jeanie Buss to resolve the dispute. Her younger sister and staunch ally, Janie, replaced the brother, joining Jeanie and Johnny Buss as co-trustees.

The person said there was no financial settlement with Jim Buss.

So Jim Buss no longer runs basketball operations, is no longer a trustee and received no payout. This is what happens you make bold promises and don’t keep them.

But Jim remains an owner of the franchise. This is what happens when you’re born to a wealthy father.

This will end the latest round of drama, but Jim’s ownership gives him some — though far less — say. The Buss/Laker business is too personal to assume this new legal arrangement ends the drama for good.

Rockets’ Ryan Anderson out two weeks with ankle injury

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The third-place Rockets could probably lose the rest of their games and still land the No. 3 seed in their Western Conference. The most important thing for Houston is being healthy and clicking for the playoffs, which would likely begin against the Thunder.

A threat to the Rockets surging into the postseason: Ryan Anderson‘s ankle.

Jonathan Feigen of the Houston Chronicle:

Rockets forward Ryan Anderson is expected to miss two weeks with a sprained right ankle, but the Rockets were relieved after tests that the injury was not more serious, allowing him to return before the end of the regular season.

“All the MRIs and tests came back negative and great,” Rockets coach Mike D’Antoni said. “Now, it’s just a matter of time. They’re saying two weeks. So be it. The important thing is he can play two or three games before we get in the playoffs and it looks like he’ll be on that timetable. We won’t push it.”

Without Anderson, Houston has gone ultra small, starting three guards (James Harden, Patrick Beverley and Eric Gordon) and sliding Trevor Ariza from small forward to power forward. That has worked just fine, including a win over Oklahoma City.

But the 6-foot-10 Anderson provides another dimension while allowing the Rockets to maintain their elite spacing. It’d be a big loss if he’s not full speed by the playoffs.

Report: Kings shutting down Malachi Richardson for rest of season

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The Kings got their big win.

Now, they’re taking their loss — Malachi Richardson for the rest of the season.

James Ham of CSN California:

CSN California has confirmed that the team is shutting down rookie Malachi Richardson for the remainder of the season.

Richardson, 21, suffered a partial tear of the right hamstring on February 15 and was listed as out 4-6 weeks. While the wing has not incurred a setback, he will need the entire six weeks to heal, which places him ready to return to action with just a handful of games remaining in the schedule.

Richardson rode a breakout NCAA tournament into being the No. 22 pick last summer. He’s a physically impressive shooting guard with nice raw tools and questionable shooting. Just 198 NBA minutes have not drastically altered his scouting report coming out of Syracuse.

But his situation in Sacramento has changed. The Kings added Buddy Hield in the DeMarcus Cousins trade, and they’ve talked about signing 2014 No. 27 pick Bogdan Bogdanovic this summer. That’s a lot of competition at shooting guard, and Richardson will miss this late-season developmental opportunity.

Report: Heat not rushing to waive Chris Bosh to keep open trade possibilities

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The Heat were always going to waive Chris Bosh after March 1, assuming a doctor jointly selected by the league and union rules his blood clots are “of such severity that continuing to play professional basketball at an NBA level would subject the player to medically unacceptable risk of suffering a life-threatening or permanently disabling injury or illness.” And Miami, for good reason, seems pretty confident the doctor would make that determination.

Waiting until after March 1 ensured Bosh isn’t eligible for the 2016 playoffs, meaning his salary would be excluded from the Heat’s cap this summer. It would return to Miami’s cap if he plays 25 games (regular season plus postseason) elsewhere, so this guaranteed he wouldn’t have enough time this season.

But we’re well into March, and Bosh hasn’t been waived yet.

What gives?

Barry Jackson of the Miami Herald:

Chris Bosh was scheduled to speak with a high-ranking Heat official this week, as the sides try to move past the rancor created by the Heat’s justified unwillingness to allow him to play after a third blood clotting episode and failed physical last September.

The Heat has no intention of using him in a game but has delayed his inevitable release and removing him from its salary cap (a process that was allowed to begin Feb. 9) for two reasons, according to multiple sources:

• Miami doesn’t need the roster spot just yet, and none of the recent available free agents held great appeal to the Heat.

• More importantly, Miami want to keep alive the not-very-likely possibility of being able to trade Bosh (after the season) to a team that might want to trade something Miami wants or a team that believes he could play or (as was the case before last month’s trade deadline) a team that needed to get to the cap floor. There were preliminary trade inquiries earlier this season.

A team that trades for Bosh couldn’t exclude his salary from its cap, because Bosh’s illness was first known while he played for Miami. He has three years and $75,868,170 remaining on his contract. It’s nearly impossible to see any team dealing for him.

A better guess at the delay: The Heat are exploring using the panels created by the next Collective Bargaining Agreement to handle issues like these. It’s unclear whether he’d be eligible for one, considering he signed and had his medical issue discovered under the current CBA, but the panel could remove his salary from Miami’s cap forever — even if Bosh defies the diagnosis and plays 25 games in a future season.

There are numerous hurdles to going that route, starting with the Heat not being able to begin that process until the next CBA takes effect July 1. That’s also the day free agency begins, so Miami probably doesn’t want have Bosh still occupying cap space as free agents agree to terms.

But the Heat have already come this far with him on the books. It’s worth examining why they’re waiting, and nobody has done that better than Albert Nahmad of Heat Hoops. If you want to learn more, I highly recommend his article on the topic.