Las Vegas group "under contract" to buy NBA team if it builds arena

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LasVegasSign.jpgLas Vegas might be home to more than the NBA Summer League soon.

International Development Management LLC, has a deal to buy an NBA team if they can get an arena built in the city, Chris Milam, CEO of the group, told the Las Vegas Sun.

“We have an NBA team under contract,” Milam said, declining to name the franchise. But the deal will take effect only if “other pieces of the puzzle fall into place: One of those pieces will be that a building (arena) is approved,” he said.

It’s a chicken and egg scenario — no NBA team will commit to move to Vegas until there is a new arena, but you can’t get money for an arena until a team is committed. If Milam and group really do have a deal with an NBA team, it breaks the cycle. But there are always contingencies built into this kind of deal.

There are a number of NBA teams up for sale right now — Detroit is on the block, Golden State is about to announce a new owner, allegedly so is New Orleans, Indiana has been rumored but just struck a deal with the city — and others that could be had for the right price.

The NBA establishment has been slow to embrace Vegas, because of the gambling and potential distractions to visiting teams. Some owners and execs do not like it. But money talks. If you can build a new state-of-the-art arena that will generate revenue, the other concerns will fade away.

It’s always about the money.

The key to Milam’s plan to build that arena is persuading Clark County to revive its redevelopment area and fund the arena using what is known as tax-increment financing.

It’s clear why this went public — pressuring the county to back their plans. He makes is pitch Aug. 4.

What he wants is a Redevelopment Agency to be reconstituted. The way that financing works is this: The state agrees to keep getting the exact amount of property tax from a piece of land that it is getting now for the coming 20 years (or longer). Then it sells bonds and uses the money to upgrade the property (in this case with a new arena). The increased property taxes from that improved land go to pay off the bonds. It’s a process to pump money into blighted areas that might otherwise struggle to get investments, but it is a system that has been abused in some places.

The property being discussed in Vegas used to be home to a waterslide right in the heart of the city, on the Strip toward downtown from most of the large hotels.

Vegas has grown in recent years and is a large metropolitan area now. It also has big businesses here, plus you can bet casinos would buy suites to entertain high rollers. But there are still questions about how well a town of transports would rally around a major league sports franchise.

Monty Williams is back coaching with Team USA, ready to get back on NBA sidelines

LAS VEGAS, NV - JULY 18:  Draymond Green #14 of the 2016 USA Basketball Men's National Team drives against assistant coach Monty Williams of the 2016 USA Basketball Men's National Team during a practice session at the Mendenhall Center on July 18, 2016 in Las Vegas, Nevada.  (Photo by Ethan Miller/Getty Images)
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Watching Monty Williams back on the court at the USA basketball camp/practices in Las Vegas, you could see he was at home. He’s easily the best 44-year-old defender on the planet — he went toe-to-toe with Kevin Durant, Jimmy Butler, and the rest, was physical, and made them work for buckets. Then he’d instruct. He’s just a natural.

Back in February, Williams’ wife was killed in an auto accident. It devastated the devout family man, in ways it’s hard for us to understand who have never experienced it. He walked away from coaching the rest of the NBA season with the Thunder, and nobody questioned it for a second.

Now, after getting his feet wet with Team USA (where he is an assistant to Mike Krzyzewski), he told Darnell Mayberry of the Oklahoman he is ready to get back on the sidelines.

“I wouldn’t even think that if I didn’t know, one, my wife would want me to; my kids talk about it all the time. And there have been some things that have happened in my life lately that have allowed me to get that back. I’m so juiced up and ready to get back into it again.”

He is one of the better respected assistant coaches in the league, and a guy who will get another shot at a top spot someday. Soon. Can’t wait to see him back on the sidelines.

Ben Simmons says he plans to work on shooting, handles, getting stronger before camp

Philadelphia 76ers' Ben Simmons cheers from the bunch during the first half of the team's NBA summer league basketball game against the Brooklyn Nets, Thursday, July 14, 2016, in Las Vegas. (AP Photo/John Locher)
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The leap from college — even high-level college programs — to the NBA can be hard to describe. Now everybody is bigger, longer, and far more athletic — the guy at the end of the bench barely getting any burn was one of the best players on his college team.

Players get their first taste of that at Summer League. The Sixers’ No. 1 pick Ben Simmons looked pretty good when he got that taste, but you can see the development that needs to go on as well.

He’s spending the time between now and the start of training camp working on his shooting and getting stronger, among other things, he told Jessica Camerato of CSNPhilly.com.

“I think just getting in the gym and making sure I’m getting reps up, shooting-wise, dribbling,” Simmons said earlier this week after an appearance at Sixers Camp in Wayne, Pennsylvania. “The weight room as well, making sure I get my strength back and my weight up.”

All good things. Handles and shooting in particular — he’s about to start seeing much better defenders nightly. It’s going to take time, and we’ll see how far he can go, but Simmons unquestionably brings a lot of skill and potential to the table. That he’s putting in the work is a good sign — that was one of the concerns about him heading into the draft.

New GM Bryan Colangelo is going to benefit from Sam Hinkie’s process. So long as he doesn’t screw it up.

Report: Warriors sign JaVale McGee to make-good training camp contract

JaVale McGee
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JaVale McGee is getting another shot in the NBA.

He played just 34 games off the bench for Dallas last season. He played 23 games the season before that due to injury.

But the Golden State Warriors are thin up front — Zaza Pachulia will get the bulk of the minutes at the five (when the Warriors use a traditional center), and there is the often-injured Anderson Varejao behind him. The Warriors could use another big. So they are giving McGee a look, reports Marc Stein of ESPN.

This is a low-risk move by the Warriors, and it’s worth the gamble. Vintage McGee, for all his Shaqtin’ a Fool flaws, is far more athletic and a better rim protector than any of the guys the Warriors now have at the five. If it doesn’t work out — and the odds are it will not — they cut him, if it does they pay him a minimum deal.

I hope he makes it, just because the league is more fun when McGee is in it.

Russell Westbrook laughs off question about Kevin Durant

LOS ANGELES, CA - DECEMBER 21:  Russell Westbrook #0 of the Oklahoma City Thunder and Kevin Durant #35 discuss play during the first half against the Los Angeles ClipperLos Angeles Kingsat Staples Center on December 21, 2015 in Los Angeles, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and condition of the Getty Images License Agreement.  (Photo by Harry How/Getty Images)
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At some point, Russell Westbrook will sit down with members of the media and discuss Kevin Durant leaving the Thunder, how he felt about the move, and how it impacted him both personally and professionally.

But not right now. He remains silent.

This Vine making its way around, where Westbrook laughs — probably at the question, although read into that whatever you want — when asked about Durant sums up where we are.

https://platform.vine.co/static/scripts/embed.js

In the full Facebook clip, Westbrook walks away, too. It’s his right. He can talk about it on his schedule.