It wouldn’t be shocking to hear the Minnesota Timberwolves were one of the NBA teams losing money, even with a $54 million payroll that is 27th in the league.
But $20 million?
That’s what is suggested in Sid Hartman’s column in the Star Tribune (via Henry Abbott at TrueHoop). Hartman also says that Kurt Rambis and more may be on the hot seat. Again, this would not be a shock. We’re a little hesitant because there are no sources listed here so please read with grains of salt.
The Wolves could lose up to $20 million and are reported to have a big debt at one of the local banks. The (NHL’s Minnesota) Wild lost some money last year and will lose some more this year, but not as much as the Wolves.
Indications are that both coaches — Kurt Rambis of the Wolves and Todd Richards of the Wild — are in danger of losing their jobs.
Glen Taylor, owner of the Wolves, has refused to say that either President of Basketball Operations David Kahn or Rambis will be back next season, although each has one more year on his contract.
“We will talk about it after the season,” Taylor said other day, giving no indication about the future of either one.
Numbers can be manipulated, so while we can question the figure, but do not doubt the Wolves are in the red. Taylor is one of the NBA owners lead negotiators in the upcoming Collective Bargaining Agreement talks. He can look across the table and say he is losing money, and nobody is going to question him. Now, whether the profits that the Bulls and Lakers turn should be used to cover those losses and not a reduction of players’ salaries is another issue.
This was more of what fans expected from Lonzo Ball.
After a rough first game against the Clippers — with Patrick Beverley in his face all night — Ball found plenty of room to operate against the soft defense of the Phoenix Suns. With room to operate Ball had 29 points, 11 rebounds, and nine assists — just one assist short of a triple-double. He helped the Lakers pull away to a lead in the third then hold on for a 132-130 win over the Suns.
Ball wasn’t terribly efficient, 12-of-27 shooting, but he was 4-of-9 from three, he played with great pace, he was decisive, and was finding guys with his passes. It was a step forward, even if it was against a sad defense (Eric Bledsoe can be a good defender, but he has seemed disinterested in recent years).
Ball and the Lakers are going to be up and down this season, the goal is for there to be more ups near the end of the season.
Through the first couple games of the season, Giannis Antetokounmpo has put up impressive numbers — he dropped 34 points, 8 rebounds, and 8 assists on the Cavaliers Friday night.
But the Cavaliers still have LeBron James.
He had 24 points and 8 assists, leading Cleveland to the win.
LeBron also reminded the Greek Freak just how good a rim protector he is. Few people can slow Antetokounmpo on the drive, but LeBron is one of them.
Is it too early to root for a Cavs vs. Bucks playoff series?
In their season opener Wednesday, Atlanta second-year man DeAndre’ Bembry came off the bench and played 17:45, scored six points and was +13 on the night. It was a good start to his career.
But now he is going to miss some time with a fractured wrist.
Bembry underwent an MRI, which revealed a fracture in his right wrist, the Hawks announced Friday. He will return to Atlanta with the team (the Hawks lost to the Hornets Friday night) and will meet with team doctors at the Emory Orthopaedics & Spine Center on Monday. His status will be updated after that.
“We just may play some other guys more, we may use some of the young guys,” Hawks coach Mike Budenholzer told the AP before Friday night’s game. “We’ll just figure it out tonight and as we move forward. I don’t think there’s anything guaranteed for anybody, it’s unfortunate for DeAndre’ and for us.”
It’s not likely Gordon Hayward returns this season. His agent said as much, although a return in March is not out of the question. (It’s better PR wise for the Celtics to say he is out for the season, then if he returns early great, it’s better than setting a deadline he doesn’t meet.)
With that, the Celtics are going to apply for the Disabled Player Exception, which could help them land a replacement player, Danny Ainge told Gary Washburn of the Boston Globe.
President of basketball operations Danny Ainge told the Globe on Friday the club is applying for the Disabled Player Exception, which would provide the Celtics $8.4 million to pursue a player to fill Hayward’s roster spot.
“We’re in the process of doing that,’’ Ainge said. “We have a while to do that. There’s no urgency, but we will apply for that.”
There are limits to what that money can get the Celtics. The money is the same as the mid-level exception, the Celtics can go over the cap to use it, and the player can be obtained via free agency or trade. However, the player must be in the last year of his contract.
It gives the Celtics options. It also does not mean Hayward cannot return, it only means NBA-approved doctors determined he is not likely to return before a mid-June deadline.