Detroit Pistons v New Orleans Hornets

More bad financial news about Hornets, like every day that ends in “Y”

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This is starting to remind me of the bank bailouts, where once the government decided to help them out the depth of the morass just kept becoming clearer.

The Hornets lost $18.24 million dollars in 2009-10, according to Jonathan Abrams at the New York Times Off The Dribble blog. And the numbers after this season should be even worse (which is a little sad because the team is better this season, last season if nobody wanted to watch them it was understandable).

That is just operating losses, we’re not figuring in the long-term debt, which at last count was about $83 million.

It was those losses that had George Shinn trying to sell the team and that forced the league to step in and buy the franchise when a deal with Gary Chouest fell through.

David Stern and Jac Sperling — Sterns appointed man to run the team — have both said they want to take their time, do it right and find a local owner if at all possible. But once the other 29 owners start having to write checks that cover those operating losses you can count on there being pressure to speed up the process.

PBT Extra bold prediction: Is this Andrew Wiggins’ breakout season?

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Minnesota is going to be entertaining to watch this season. A healthy Ricky Rubio (hopefully) dishing at the point, Karl-Anthony Towns is already a high-IQ passer, and bench players such as Shabazz Muhammad and Adreian Payne have shown some skills.

Then there’s Andrew Wiggins. The reigning Rookie of the Year developed quickly last season — particularly his jump shot — and he should make a big leap this season. He’s going to dunk on people and end up in a lot of highlight packages while putting up a lot of points.

Enough to set the Minnesota Timberwolves single game scoring record, currently held at 52 by Mo Williams? That’s the question for this PBT Extra with Jenna Corrado.

Derrick Rose being back for start of season in question

Fred Hoiberg, Derrick Rose
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The Bulls have said Derrick Rose is about a week away from returning after suffering a facial fracture this preseason.

The start of the NBA season is two weeks from today (Oct. 27).

So Rose will be ready to go when the Bulls start their season that first night against Cleveland, right? Don’t bet on it, says Vincent Goodwill of, quoting coach Fred Hoiberg.

The opening night projection for a Derrick Rose return is a bit murky at this point, as the Bulls are taking a cautious approach to his recovery with Fred Hoiberg essentially ruling him out for the rest of the preseason.

“Most likely (out for the preseason),” Hoiberg said….

In fact, it wouldn’t be surprising to see Rose sit out the first handful of games, as the Bulls start the season with a three-game in four-night stretch starting Oct. 27 against the Cleveland Cavaliers, which is in two weeks.

“That will be in consideration, sure,” Hoiberg said. “We gotta make sure, he really hasn’t done anything and that will be a good two or three weeks where he has total inactivity, so just to throw him back out there going 100 percent with his speed and everything, you just don’t want to take any risks, chances, where it could be a lingering issue.”

Just what TNT and the NBA hoped for with an opening night Bulls vs. Cavaliers showcase: Kirk Hinrich vs. Mo Williams. (Don’t forget Kyrie Irving will miss the start of the season recovering from his knee surgery.)

Of course, this is the smart play for the Bulls who need to be thinking about getting Rose fully healthy and focusing on what condition he will be come April 27, not Oct. 27.

And of course, a lot of Bulls fans who are down on Rose will slam him for this. Even though the injury was a freak accident and the team is right to be patient.

Rose could play opening night, if he gets back to practice next week and can get closer to basketball shape. But I wouldn’t bet on it.