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.

Russell Westbrook dogs Warriors, Damian Lillard after Paul George misses All-Star roster

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Ah yes, let the mud-slinging begin.

Russell Westbrook is on a team with three huge stars in the Oklahoma City Thunder. It was always going to be difficult for all of them to make the 2018 NBA All-Star team out west.

But that doesn’t matter to Russ.

After Tuesday night’s win over the Brooklyn Nets (where Westbrook hit the game-winning shot, no less) the reigning NBA MVP had some thoughts about teammate Paul George missing out on the All-Star Game, calling it “outrageous”.

Westbrook wasn’t too happy with teams getting “four people” onto the team (a dig at the Golden State Warriors) and that players are, “Talking about getting snubbed until they get in.”

That last part seems to have taken aim at Portland Trail Blazers guard Damian Lillard, one of the most talked about snubs in recent years who finally got another All-Star bid.

Via Twitter:

Westbrook also said that George was “Top 2 at his position” which really colors the underlying issue at hand: Russ likes PG and wants him to stay in OKC.

Nobody reasonable would say that George is a Top 2 player on the wing. Not while LeBron James and Kevin Durant are alive, at least. And Westbrook’s comments about folks being stars vs. not stars, even if the voting goes one way says a lot.

The Warriors are the best team of all time. A bunch of guys getting on All-Star teams in their heyday makes sense, even if one of those guys is Klay Thompson (sometimes). We all have Warriors fatigue, I guess.

Meanwhile, Lillard is one of adidas’ biggest athletes when it comes to basketball, the face of a franchise, and has put up numbers deserving of making the team in years past. He’s also a big personality and a rapper. Lillard’s name is in lights each and every night. The issue with him sees to be that nobody watches him consistently east of the Cascades.

But all this arguing gives legitimacy to Westbrook’s point, which is mostly personal. George’s numbers have taken a dip in some areas, particularly when it comes to things like VORP, assist percentage, and true shooting. They’ve gone up in others, like 3-point shooting. He’s still a very good player and very valuable to the Thunder.

Each year, guys get left off the All-Star team for various reasons. Sometimes it’s just their turn to be on it or be off it. Nice of Westbrook to stop by with some takes.

Here’s hoping for him that George stays in OKC.

Russell Westbrook hits game-winning shot to beat Nets (VIDEO)

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Spencer Dinwiddie hit the game-winning shot for the Brooklyn Nets on Tuesday night. At least, many thought he did.

But that honor actually went to Oklahoma City Thunder star Russell Westbrook, who had hit the real game winner with a little more than three seconds to go.

Westbrook’s bucket came on after a sideline inbounds play led to a hard drive to the right side of the bucket for the reigning MVP.

Then, Dinwiddie got the ball and had appeared to make a 3-pointer to win the game for the Nets. However, it clanged off the side of the rim, moving the net in a way that many watching on TV and in the arena thought had gone in.

Via Twitter:

OKC beat Brooklyn, 109-108.

Here’s LeBron James scoring the 30,000th point of his career (VIDEO)

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LeBron James is officially the youngest player to ever reach 30,000 points in an NBA career.

The Cleveland Cavaliers great, who preemptively congratulated himself in a weird Instagram post earlier in the day, got points 30,000 and 30,001 at the age of 33 years and 24 days, edging Kobe Bryant by a year and 80 days.

The play came with just a second to go in the first quarter while the Cavaliers played on the road against the San Antonio Spurs.

Dribbling on the left arc against Danny Green — a formidable defender — LeBron gave a hesitation dribble before stepping just inside the 3-point line for a pull-up jumper.

Via Twitter:

LeBron still has Dirk Nowitzki, Wilt Chamberlain, Michael Jordan, Kobe Bryant, Karl Malone, and Kareem Abdul-Jabbar ahead of him on the NBA’s all-time scoring list.

Where he ends up might just depend on how long Nowitzki plays.

Top five 2018 All-Star Game snubs

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We fans love to talk about who gets snubbed. There are 68 teams in the NCAA tournament and we argue about who was 69th and deserved to be there.

With the NBA All-Star game, there are always legitimate snubs — and with the Western Conference so ridiculously deep this season good players were going to get left out. Just picking my reserve choices for a podcast felt brutal.

We now know the All-Star Game starters and reserves, so who got snubbed. Here are the top five.

1) Lou Williams, Los Angeles Clippers. Los Angeles has been devastated by injuries this season (not to mention losing Chris Paul in the off-season) yet they are still in the playoff hunt in the West and the main reason is Lou Williams. The leading Sixth Man of the Year candidate is averaging 23.3 points per game, 5,3 assists a night, and is shooting better than 40 percent from three. He had a red-hot January so far, averaging 29.2 points per game. This may be a case where Damian Lillard got the nod from the coaches for his multi-year body of work (he’s been good a long time), but Williams is having his best season ever and has a great case.

2) Chris Paul, Houston Rockets. He likely didn’t get selected because he has missed 17 games this season — but Stephen Curry missed 15 and is a captain. When CP3 has played he’s been brilliant, averaging 19.1 points and 8.9 assists per game, he’s been crucial to improving the Rockets defense this season, and when he is on the court the Rockets outscore opponents by 10.9 points per 100 possessions. The Rockets are 23-5 when he plays. Houston is the second best team in the NBA, they should have more than one representative tonight.

3) Andre Drummond, Detroit Pistons. The coaches went with four guards for the East reserves, and that left just three frontcourt spots and four deserving players. Drummond is the odd-man out. Which sucks — he is averaging 14.3 points per game on 54 percent shooting, and he remains the best rebounder in the game today pulling down 15 a night. He has improved his defensive play as well, but what everyone notices is he hitting his free throws (62.9 percent) and that means Stan Van Gundy can play him at the end of games and not sub him out.

Drummond was more than a little frustrated he didn’t make the cut.

4) Paul George, Oklahoma City Thunder. George has played well on both ends this season next to Russell Westbrook. He is averaging 20.8 points per game and shooting 42.9 percent from three on one end of the floor, and defensively he is averaging 4.4 deflections per game and has 93 steals — both tops in the league. George is a four-time All-Star and it feels weird to see him left out, but he came to the ridiculously deep Western Conference and good players were not going to make it. He’s the odd man out in the frontcourt.

5) Kemba Walker, Charlotte Hornets. Could have got a lot of directions here – Ben Simmons and Goran Dragic can make their cases on appeal — but people have been sleeping on just how well Walker has been playing this season. Walker is averaging an efficient 21.8 points per game, dishing out 5.9 assists per night, and when he is on the court the Hornets outscore teams by 5.1 points per 100 possessions (that’s better than the Celtics or Timberwolves net ratings for the season). The problem is when he sits they fall apart, and Walker pays the price for his team struggling this season. His name has popped up in trade rumors, and he is the best guy available right now (not that he gets moved in a tight market). Walker was an All-Star last season and had a very strong case to be one again.