Cavaliers may be losing but Dan Gilbert is making big money

3 Comments

On the court, Cleveland is an unmitigated disaster. They’ve won one game since the start of December. They are losing big.

On the accountant’s ledger, the Cavaliers are winning big.

It’s the remnants of the LeBron James era — money committed before he was gone more than covers a post-LeBron payroll, as Jason Lloyd explains at the Beacon Journal.

The Cavs’ standard marketing plan, which forced season ticket holders to renew for this season before last year’s playoffs if they wanted postseason tickets, will ensure owner Dan Gilbert his best year financially despite the woeful product on the floor.

LeBron James, Shaquille O’Neal and Zydrunas Ilgauskas combined to make about $50 million last season as the Cavs’ payroll hovered around $100 million the last few years. It is now about half of that.

In addition, Gilbert will not have to pay a luxury tax this season after writing checks totaling more than $40 million in cap penalties the last three years. Instead, he’ll now receive a portion of that money.

Big-money sponsorship deals with the likes of KeyBank, Kia and others were locked in before James departed and the team is in the midst of a $25 million deal with Fox Sports Ohio for television rights.

The Cavaliers consecutive sellout streak just came to an end a couple weeks ago based off old momentum. Payroll is down to $52 million. Those sponsorships will come down but are paying big now.

No doubt Cavs owner Dan Gilbert would trade all the profits back to be title contenders again. (And yes, his accounting is done in Comic Sans.) He may not be the ideal owner but he’s not Donald Sterling. He cares. He may not always be smart about it but he’s not in it just for a profit. He has been willing to spend, on players and on a beautiful new practice facility. That said, you can expect that payroll to stay low for a few seasons as they try to build through the draft and with youth.

The NBA is a business, not going to knock Gilbert for making some money either. So long as much of it gets reinvested in the team.

Akron store already selling “Stay Home 23” shirts, hats as LeBron decision looms

Getty Images
Leave a comment

We’ve seen this movie before.

There is all sorts of buzz around the league that LeBron James has one foot out the door in Cleveland. While people around LeBron denied he the rumor he is “100 percent” leaving, good luck finding any league source who thinks he is staying put next summer. Nothing is set in stone, his options — including staying — remain open, but we’ve all been down this road before.

The hometown fans are going to do their part to urge LeBron to stay.

Fan sentiment has some pull with LeBron (he came back to win the city a title). However, what matters more is a sense of a plan to keep the Cavaliers as title contenders for the coming years — and that is more than just Dan Gilbert paying the tax. The Cavs did nothing this summer that got them closer to beating Golden State, and while they swung for the fences with Paul George, what they really needed was wing defenders and athletes, and they didn’t get those either. Luc Mbah a Moute signed a one-year deal for the minimum somewhere else. Instead, Cleveland overpaid Kyle Korver.

Despite all that, the Cavs remain the team to beat in the East. If Cleveland gets to the Finals — LeBron’s eighth in a row — and they win or make it close, he may see staying as his best option. A season can be a lifetime in the NBA in terms of shifting attitudes. Still, I wouldn’t bet the rent on it.

Marshall Plumlee gets camp invite, partially guaranteed contract from Clippers

Getty Images
Leave a comment

The Los Angeles Clippers have 14 fully guaranteed contracts on their roster, plus a partial guarantee for DeAndre Liggins (who likely is on the roster opening day). They also are pretty much set at center with DeAndre Jordan and Willie Reed (plus when they go small they can play Blake Griffin there, something I wish they’d do a little more).

That said, Doc Rivers — just a coach now — needs bodies for camp, so in comes former Duke star and Knick Marshall Plumlee, reports Adrian Wojnarowski of ESPN.

Plumlee played in 21 games for the Knicks last season, logging a total of 190 minutes. He bounced between New York and the D-League Westchester Knicks, when down he averaged 12.3 points and 9.8 rebounds a game.

He’s not making the Clippers’ squad (barring injury), but he could show well and get noticed by other teams. Over the course of a season, there will be a need for bigs as guys go down injured, Plumlee is getting a chance to show how his game has developed. And he makes some money in the process.

Kawhi Leonard is smiling, and that confuses Manu Ginobili (PHOTO)

Twitter
Leave a comment

Much like Kevin Durant, it appears that Kawhi Leonard is having a great summer.

In fact, this appears to be the Summer of Kawhi Smiling. Which, according to one of his longtime teammates, is a bit confusing.

When the Spurs posted a photo of Leonard with a big old grin on his face to their Twitter feed recently, San Antonio legend Manu Ginobili responded asking the team whether something was up.

Specifically, Ginobili said that he had seen more photos of Leonard smiling in the past two days then he had in six seasons as a teammate.

Via Twitter:

You can leave an anonymous tip about why Kawhi Leonard is smiling so much by contacting the produce manager at your local H-E-B.

Kobe is the Lakers’ all-time leader in steals (and other trivia rookies don’t know)

4 Comments

“He played 20 years … I mean, yeah I guess.”

That’s what Los Angeles Lakers rookie Lonzo Ball had to say in this video after learning that Kobe Bryant was the all-time leader in steals for his franchise. You have to hand it to him, it is a little surprising. Even more surprising is that Bryant has 220 more than Magic Johnson at No. 2.

In a video posted to YouTube by Complex on Saturday, rookies tried to answer questions similar to the one Ball pondered over, like what team drafted their head coach, who the NBA all-time leading scorer is, and what day the first game of the season starts on.

A lot of the responses were pretty funny, including the guys getting wrong what year Adam Silver became NBA commissioner. Poor David Stern has already been forgotten about!

Meanwhile, Ball looked the sharpest. He’s going to come in handy when the Lakers play pub trivia.