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.
LOS ANGELES (AP) — LaVar Ball has brought his Big Baller Brand from the basketball court to the wrestling ring.
The outspoken father of NBA draft No. 2 pick Lonzo Ball showed up with the newly minted Los Angeles Laker and another son, 15-year-old LaMelo, for a live segment on Monday’s “WWE Raw” at the Staples Center in Los Angeles.
During the segment, LaMelo Ball twice used the n-word, which was broadcast over the air. WWE says in a statement to the Los Angeles Times that the language “was not scripted nor reflects WWE’s values.”
For LaVar Ball’s appearance, the ring was decorated with mannequins displaying his Big Baller Brand clothing line. He got in a heated confrontation with WWE wrestler The Miz, and took his shirt off to cheers from the crowd.
Just four years ago, Michael Carter-Williams won Rookie of the Year.
Now, the Bulls don’t even see a $4,187,599 qualifying offer as worth extending.
David Kaplan of CSN Chicago:
Credit Sam Hinkie for trading Carter-Williams (to the Bucks) at just the right moment, netting the 76ers a valuable Lakers first-round pick that Philadelphia used to trade up for Markelle Fultz. Carter-Williams hasn’t nearly lived up to the typical production of a former Rookie of the Year.
The Bulls got Carter-Williams far cheaper from Milwaukee, for Tony Snell (who had a breakout year with the Bucks). But Carter-Williams continued to regress in Chicago. It’s just hard for a point guard with such a shaky outside shot, and Carter-Williams’ injuries haven’t helped.
With a smorgasbord of point guards that now includes Kris Dunn and Cameron Payne, the Bulls can move on.
Carter-Williams can probably latch on as a backup point guard somewhere. As an unrestricted free agent, teams will have greater comfort pursuing him. But this is a blow for someone with such a big accolade on his résumé.
The Celtics are trying to sign Gordon Hayward.
They want to trade for Paul George.
It seems those goals are not mutually exclusive.
Adrian Wojnarowski of Yahoo Sports:
The Boston Celtics are pursuing an aggressive summer plan of sequencing the signing of free agent Gordon Hayward and relinquishing the assets needed to complete a trade for Paul George, league sources told The Vertical.
For salary-cap purposes, Boston wants a Hayward commitment before it can finalize a trade for George and secure the most dynamic free-agent coup in franchise history, league sources said.
For Boston, here’s the hitch: While Indiana believes Boston can offer the best possible package, the Pacers may be unwilling to wait until the start of July free agency on Boston’s timetable and could turn toward making a deal elsewhere for George, league sources told The Vertical.
The Celtics can clear cap space to sign Hayward. They have the ammo to trade for George. They could do both.
But, as covered before, there’s probably not a path to signing Hayward and extending George’s contract.
So, how much would Boston surrender for George on an expiring contract? The risk he walks in a year, particularly for the Lakers, should lower the Celtics’ offer.
Still, Boston could trade for the Pacers star and roll the dice on re-signing him. Playing with Hayward – and Isaiah Thomas and whichever other players the Celtics keep in this arrangement – would be pretty appealing.
The Clippers hired Jerry West, in part, to help lure LeBron James.
But even with LeBron-to-Los Angeles (Clippers or Lakers) rumors swirling, that plan might not even get off the ground.
Mike Wise of The Undefeated on Freddie and Fritz:
I’m going to give you something on this show, and this is breaking news. Nobody else is going to have it.
I got from a very good authority – a very good authority – that LeBron James will never be a Clipper. I can’t tell you who, but I’m going to tell you it’s somebody that knows, and LeBron James will never be a Clipper. I don’t know if that’s because he remembers what the Clippers used to be, or he just doesn’t want to put his lot in there, or he thinks Steve Ballmer is just too animated on the sideline.
He’s never going to be a Clipper. I’m just telling people right now, for your edification. I’m breaking this on the Freddie Coleman and Fitz show.
I don’t believe in “never” in situations like this. As Jerry Seinfeld would say, teams are just laundry. The Clippers can change owners, general managers, coaches, players. LeBron would remain absolutely opposed to joining?
Maybe, but I won’t go that far without knowing his reason for resisting the Clippers. A lot can change between now and 2018, when LeBron can opt out.
One of the Clippers’ biggest selling points was always going to be Chris Paul, LeBron’s close friend. Reading the tea leaves, maybe this is a sign Paul will leave this summer – for the Spurs, Rockets or somewhere else.