First came the report the Hawks were very close to being sold again. Then the expected denial. Again.
Now comes a second report from a trusted place — David Aldridge of NBA.com — that the sale is indeed close.
The sale is close to being completed, though it won’t be finalized in time for an approval vote by the Board of Governors at its meeting Tuesday in Dallas. There is a single, and up to now, anonymous buyer, according to a source. The amount? I’m told it’s in the neighborhood of $300 million, including debt on the team. The team’s current ownership group, Atlanta Spirit, is expected to remain on in a minority ownership capacity, according to the source, who’s been briefed on the terms of the pending transfer.
Another group led by the founders of the Outback Steakhouse chain in Florida also put in a bid on the team, according to a source, though it’s unclear how much they put up or if they were ever seriously considered …
Expect this to go down at some point soon.
Interesting side note here — when the Atlanta Hawks offer Joe Johnson a max deal last summer (six years and he is making more than LeBron) it seemed unwise, but there were rumors it got approval from some of the Atlanta Spirit investors because they were not going to be around to deal with bad end of that deal. Seems like they may have been thinking about this sale for a while.
The Grizzlies’ Grit & Grind era has ended.
Zach Randolph signed with the Kings, and Tony Allen appears likely to leave Memphis, too. The Grizzlies are prioritizing younger/cheaper players like Ben McLemore and Tyreke Evans.
Marc Gasol via Ala Carta, as translated by HoopsHype:
I’m very ambitious and I’ve wanted Memphis to be a great franchise. We’ve grown a lot the last 6-7 years, but we have to keep growing. If this is not lined up, maybe we may have to revisit things.
Gasol has been loyal to Memphis, and his first wish is probably winning there. But Giannis Antetokounmpo put it well: Teams must also do right by their players. Gasol is 32 and doesn’t have much time in his prime left. I see why rebuilding wouldn’t interest him.
But what will he do about it if the Grizzlies don’t prioritize the present? They made their push last summer with a max contract for Chandler Parsons, but because Parsons can’t stay healthy, that deal only inhibits team growth.
Gasol is locked up for two more years before a player option. He doesn’t have much leverage. This is part of the reason LeBron James keeps signing short-term contracts. Gasol doesn’t have the same ability to steer his team in his desired direction
On the potentially bright side, rebuilding teams often don’t have much use for 32-year-olds guaranteed more than $72 million over the following three years. If the fit devolves, Memphis becomes more likely to trade him.
The Celtics already said they’d retire Paul Pierce’s No. 34.
Now, we know when.
The Boston Celtics announced today that they will retire Paul Pierce’s No. 34 after a mid-season game against the Cleveland Cavaliers on Sunday, Feb. 11
After? That’s apparently in response to a new rule that penalizes teams not ready to play after a 15-minute halftime. These ceremonies can drag on, and nobody wants to cut Pierce short. I wonder whether this will start a trend of number retirements coming after games.
DeMarcus Cousins grew up in Alabama, played collegiately at Kentucky and now plays in New Orleans.
So, yeah, the Pelicans star has an opinion on Confederate statues.
Cousins, via TMZ:
“Take all them motherf*ckers down,” Cousins said … “Take ’em all down.”
These statues glorify people because they fought a war against the United States in the name of preserving the racist institution of slavery.
Not whom I want to honor, either.
Kevin Durant knows something about star teammates not always getting along.
So, the Warriors forward is not freaking out about the disconnect between Kyrie Irving and LeBron James and Irving’s subsequent trade request.
Durant, via Chris Haynes of ESPN:
“It’s just a regular NBA problem, right? A lot of teams have gone through this before,” Durant told ESPN. “They’ll figure it out. That’s a great organization, a championship organization. They’ll figure it out.”
“It’s not the end of the world,” Durant said. “Both of those guys won a championship together. They love each other. If Kyrie wants to do something else, that’s on him. I’m sure whatever happens, it’ll work out for the best for both of them. But it’s just a normal NBA problem. It’s just two big stars that it’s happening to.”
Durant is definitely right in the larger sense. Teammates spat and requests trades more often than we realize. Remember, both Irving and the Cavaliers probably prefer this never became public.
But I’m not sure Cleveland will figure this out with the ease Durant suggests. David Griffin, who had proven so adept at putting out these fires, is gone. LeBron’s free agency looms. This could be extremely destructive to the Cavs.
The fact that this “regular NBA problem” became public only intensifies it – and raises it something greater.