hornetssale

The NBA may buy the Hornets. Yes, the situation is that bad.

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Okay, so a lot’s happened in the last 24 hours (most of which actually happened last week, but we’ll get to that) with the ownership situation in New Orleans. The world is much different than it was two days ago. In short, the NBA is closing in on the purchase of the New Orleans Hornets by the league itself.

Apparently, in a Sports Illustrated story by Ian Thomsen last week, a reference was made to league considering purchasing the Hornets in an effort to stabilize the ownership situation with George Shinn wanting out-out-out and negotiations with Gary Chouest stalling. This slipped by most of us because, really, who reads things you have to hold anymore, besides your grandmother? (All kidding aside, the fact that this slipped by is pretty staggering).

Marc Stein of ESPN followed up last night and reported that the league is indeed in consideration of acquiring the Hornets in a situation similar to that of what MLB did with the Expos. Immediately following that, the Times Picayune reported that Gary Chouest was dropping out of negotiations for majority ownership. This morning, John Reid at that established publication reports that Chouest was concerned about the impending work stoppage as well as his ability to devote the necessary time to the franchise.

(Pant, pant. Okay, here we go again.)

This morning, NBA FanHouse’s Sam Amick reports that not only is the league considering it, they are well on their way towards moving to acquire the team, and have even selected personnel to run the team in the interim while it works to find stable ownership. The league obviously is not looking to hold the team long-term, but is looking to find ownership which will keep the team in New Orleans and avoid a very dicey PR situation with the second team moving in three years and less than a half decade after Katrina and all its horror.

And all of this is after it was revealed that the team would have an opt-out from its lease if attendance measures didn’t dramatically recover which would drop the Hornets penalties for bolting New Orleans to a mere $10 million.

The league exploring this drastic of a solution leads to the question of whether they’re concerned that current majority owner George Shinn, desperate to dump his ownership, might sell the team to someone who may not be committed to keeping the team in the Crescent City. Alternatively, it may simply be a sign of the times that there’s not another viable option the league is willing to wait on. This will be the fourth team in the past year to change ownership, which is, you know, kind of a lot.

The league also will want to resolve the situation quickly, since having control of the ownership is A. a drain on resources and B. is likely to have complications with the CBA negotiations coming this summer, particularly with the Hornets being a small-market team which is a major issue in negotiations. It’s also a very controlling move by the league, which has not been hands-on with ownership situations (as opposed to players issues which they have been very hands-on with). The league did not intercede with the Dolan-Thomas disaster in New York, nor with the Cohan issues in Golden State. We’re looking at a situation without precedent in basketball, and one which could have far-reaching implications for how how the league handles such matters in the future, the CBA negotiations, and most importantly, the future of professional basketball in New Orleans.

Commissioner David Stern already came under enough fire for his involvement with the Clay-Bennett-backed move of the Sonics to OKC where he was seen as more of a willing accomplice than an outright actor. But if the league is unable to find a local ownership group to satisfy the league’s requirements and a stronger offer is brought from a group in a prospective NBA city (like Kansas City, Anaheim, Las Vegas, or Seattle), it could be seen as a deliberate effort by the league to get out of what some consider to be an impossible market in New Orleans, despite what Hornets president Hugh Weber says is a situation that can work. Take a second and realize that should the NBA relocate the Hornets to Seattle it would be viewed as a good thing by many of the big-market-leaning press and a rectification of past sins by the league in moving the Sonics to begin with. And it would likely mean the outright dissolution of the Hornets franchise itself (as a reversion back to the Sonics would be nearly a lock).

This is all very unlikely, as the league’s first and foremost effort will be to find local ownership committed to New Orleans. But with an arena many consider to be far below NBA standards, in a market far below what most consider NBA standards, and with a fanbase showing a lack of support far below NBA standards, this could drag on, locking the NBA in a quagmire of their own.

This is a whole new ballgame.

Cavaliers fan makes good on bet, eats shirt after Warriors win West

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Don’t make a bet you’re not willing to follow through on. I mean, we all do it — “If Trump wins I’m moving to Canada” — but never really mean it. We don’t follow through.

Except sometimes people do.

Reddit NBA user ‘PARTYxDIRTYDAN’ made a bet that he would eat his shirt if the Warriors repeated as Western Conference champions. Call it a bad beat if you want — he came about as close to winning that bet as he could without actually winning it — but the man was good to his word. He had a little BBQ sauce on it, but he ate his shirt.

He probably shouldn’t make a similar bet in the Finals, no matter how big a Cavs fan he is.

(Hat tip Deadspin)

NBC/PBT Podcast: Cavaliers vs. Warriors NBA Finals preview with Dan Feldman

CLEVELAND, OH - JANUARY 18: Stephen Curry #30 of the Golden State Warriors and LeBron James #23 of the Cleveland Cavaliers react during the first half at Quicken Loans Arena on January 18, 2016 in Cleveland, Ohio. 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. Mandatory copyright notice. (Photo by Jason Miller/Getty Images)
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LeBron James got what he probably wanted deep down — a second chance at Stephen Curry and the Golden State Warriors in the NBA Finals (starting Thursday night). It’s a chance for revenge from last season and to knock Curry off his pedestal.

Except this is a difficult matchup for the Cavaliers and their current style of play, something Kurt Helin and Dan Feldman of NBC Sports get into in this breakdown of what’s to come on the NBA’s biggest stage.

They both foresee a long couple of weeks coming for Kevin Love, and difficulty for the Cavaliers getting enough stops. While the Cavaliers now want to play faster and shoot threes, they may have to change tactics against the Warriors.

As always, you can listen to the podcast below, or listen and subscribe via iTunes, download it directly here, or you can check out our new PBT Podcast homepage, which has the most recent episodes available. If you have the Stitcher app, you can listen there as well.

Early NBA Finals betting money flowing to Cleveland

CLEVELAND, OH - JUNE 16:  LeBron James #23 of the Cleveland Cavaliers shakes hands with Stephen Curry #30 of the Golden State Warriors after the Warriors defeated the Cavs 105 to 97 to win Game Six of the 2015 NBA Finals at Quicken Loans Arena on June 16, 2015 in Cleveland, Ohio. 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 Getty Images License Agreement.  (Photo by Ezra Shaw/Getty Images)
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Golden State is the clear favorites to beat the Cavaliers and repeat as NBA Champions.

But for gamblers, there’s not much money to be made in taking the safe route, where you have to risk a lot to win a little. The money is on the underdog.

Which is why the early cash has gone to Cleveland, something reported by online gambling site Bovada.lv. Here are their current odds to win the series:

Cleveland Cavaliers +175 (7/4)
Golden State Warriors -210 (10/21)

(That means for every $100 bet on Cleveland the gambler would get $175 if they win; where with Golden State it would take a $210 bet to win $100.)

“We opened the NBA Finals at Cleveland +200 (2/1) and Golden State -240 (5/12) and the public pounced on Cleveland, forcing the adjustment of the lines to +175 and -210,” said Kevin Bradley, Bovada.lv Sportsbook Manager. “While the wagering has evened out a bit more on each side, 60% of the public is currently on the Cavaliers.”

This just makes sense as a gambler — why would I risk so much to win with Golden State? I get the much better payoff with a smaller amount bet with Cleveland, even if the outcome is less likely to go my way.

Remember, for a book the goal is often even betting on both sides, so that they rake in their percentage and win regardless of the outcome. That said, the books may be Warriors fans for the next couple of weeks.

Bismack Biyombo says he wants to stay with Raptors, would take hometown discount

TORONTO, ON - MAY 15:  Bismack Biyombo #8 of the Toronto Raptors celebrates late in the second half of Game Seven of the Eastern Conference Quarterfinals against the Miami Heat during the 2016 NBA Playoffs at the Air Canada Centre on May 15, 2016 in Toronto, Ontario, Canada.  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 Vaughn Ridley/Getty Images)
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Bismack Biyombo made $3 million this season playing for the Raptors.

Next season he is going to make five times that or more playing somewhere. Biyombo is a free agent and the going rate could be $17 million a year.

After a breakout playoffs, Biyombo wants to stay in Toronto with the Raptors and would even consider a hometown discount to make that happen. That’s what he said on Sportsnet 590 The FAN’s Andrew Walker Show. Does Biyombo expect to wear a Raptors jersey next season?

“Honestly, I do. We still have some unfinished business. It was so much fun to see the team go from last year to this year making the Eastern Conference finals. Be it would be fun to go even further next season.”

The Raptors want to bring him back, but the salary cap makes it difficult. The Raptors do not have Biyombo’s Bird rights, so they need to use their salary cap space to re-sign him. The Raptors top priority is bringing back DeMar DeRozan (who will be a max or near max player), and remember they gave Jonas Valanciunas a four-year, $64 million contract extension last summer.

Would Biyombo be open to a discount to stay in Toronto?

“Yeah. Things can always be worked out. I’ve said that to my people, I’ve said that to Masai. When the right time comes I’d be open to figuring something out. At the end of the day it’s for fun, not money. It’s not always about money. Money is great, but at the same time I ask ‘how much fun am I going to have? The city is great, the team is great, and we’re winning.”

The question may be how big a discount are we talking about? Let’s say Team X does offer $17 million a year for four years, would Biyombo start at $15 million to stay? $13 million? Where is that number?

Next season Biyombo is going to make more money than he had in his entire NBA career up to this point. This is set your family up for generations money, and while the sentiment that the game should be for fun is what we as fans of the game want to hear, how much money would you leave on the table in his shoes?

With the Raptors talking about giving Valanciunas a bigger role in the offense next season, how much can they afford to pay his backup? Biyombo could be on the move.