As the seemingly inevitable lockout looms over the NBA this summer, the very real possibility that the league could cancel games may be on the minds of its many season-ticket holders. Individual and business customers alike may be thinking about holding onto that money, while waiting to see if in fact there will be a 2011-12 season.
The owners are likely to be in a better long-term financial situation than the players in terms of being able to hold out for the best deal, but even so, those season-ticket dollars are extremely important to each team’s financial well-being. So it’s probably not surprising that the league would try to ensure that the money comes in as expected, whether there ends up being a work stoppage or not.
According to a report from Bloomberg’s Mason Levinson (via Michele Steele), the NBA’s plan is to entice its customers to spend that money with a promise of full refunds — plus interest — for any games that may end up being lost.
National Basketball Association season-ticket holders will receive refunds plus interest if games are canceled because of a labor dispute next season, in contrast to the National Football League, which has said it’s up to clubs to decide how to handle deposits.
While both leagues have told fans that they’ll get their money back for tickets to lost games, the NBA will also pay interest on what could amount to loans to franchises from fans, Mike Bass, a spokesman for the NBA, said in a telephone interview.
The report also mentions the fact that the league has done this before, when the owners last locked out the players and lost 32 games from the 1998-99 season.
Now of course, no one’s going to get rich by investing in tickets like this, as the interest rate — which will be set by the league before games are canceled, along with the date that the interest would begin to accrue — is likely to be minimal. But it’s a savvy move by the league nonetheless, and one that should provide some peace of mind for customers who may have otherwise been on the fence about writing that big check while the possibility of a work stoppage remains.
Watch Jonathan Simmons’ chasedown block on Stephen Curry
While the Spurs were running the Warriors out of Oracle Arena — a 129-100 Spurs win — Simmons had a fantastic chasedown block on Stephen Curry. It was one of the plays of the game (most of the rest came from Kawhi Leonard).
Simmons had 20 points on 8-of-14 shooting off the bench for the Spurs in the win, which included a poster dunk on JaVale McGee late. Just to put some icing on the win.
Iman Shumpert in concussion protocol after collision with Porzingis
Late in the third quarter of Cleveland’s blowout opening night win over New York, the Cavalier’s Iman Shumpert lowered his head and tried to drive the lane, where he collided with Knicks big man Kristaps Porzingis. It looked like Shumpert’s head hit Porzingis’ hip and elbow.
Shumpert instantly went to the ground, then needed help to come off the court. He was diagnosed with concussion-like symptoms, the team announced. Apparently, Porzingis is a rock.
A source questioned whether Shumpert would be available for either of the Cavs’ next two games, Friday in Toronto and Saturday against Orlando at The Q. To play, Shumpert would need to be symptom free, pass a series of tests, and show no symptoms after each test.
There is no set timeline with a concussion. In the short term, this will mean more DeAndre Liggins on the court until Shumpert returns.
The Cavs are already without rookie backup point guard Kay Felder, who suffered a concussion during practice last Friday when he ran into Chris Andersen.
What championship hangover? Cavaliers rout Knicks on ring night in Cleveland.
LeBron had a triple-double — 19 points, 14 assists, 11 rebounds — and led the Cavaliers to an easy win over the Knicks, 117-86. Kyrie Irving had 29 points — 19 in the third — and Kevin Love added 23 in the win.
But mostly it was the Cavaliers’ offense getting whatever shot it wanted and the Knicks watching dunks from up close.
Over the course of this season, these Knicks will evolve into something better than they showed opening night. No Derrick Rose (trial) and no Joakim Noah (injury) meant the Knicks starting five didn’t have a lot of cohesion and chemistry from the start.
After a sluggish first five minutes by both teams — they were a combined 6-of-22 shooting to open the game — the Cavaliers slowly started to create a little space behind 10 first quarter points from Love. That lead really started to grow as the Knicks bench came in and went 0-of-6 shooting to end the quarter, with Brandon Jennings making questionable decisions. Tack on seven Knick turnovers and the first and they were down 10 after 12 minutes.
The Cavs were in control through much of the second quarter until the Knicks went on a 10-0 run to make it a game again. It was Derrick Rose and Carmelo Anthony driving the team — they shot a combined 12-of-20 in the first half, the rest of the Knicks were 5-of-23. It was 48-45 Cavaliers at the break.
In the third quarter the Cavaliers starters cranked it up behind Kyrie Irving and tighter defense — the third quarter saw Kyrie Irving with 19 points and the entire Knicks team with 19. It was 82-64 Cavs after three and the celebration was on.
Kristaps Porzingis showed some moments but his 16 points came on 5-of-13 shooting. Anthony had 19 points on 18 shots. Rose had 17 points but four turnovers and one assist. Brandon Jennings came off the bench to shoot 1-of-7. It was not their best night.
For the Cavs, it was one to remember — the first banner in 52 years went up.
Did we mention LeBron James was dunking all over Knicks? Watch for yourself.