Not really shocking, especially considering Wizards owner Ted Leonsis has said he wants a hockey-like financial system for the NBA, but he admitted that his team was one of the challenged teams last season.
“We lost money last year,” Leonsis told CSNWashington.com.
After that, having learned the price of an owner speaking out of turn last time he got fined, Leonsis spoke in vague generalities about the NBA labor situation.
“I’m not authorized and I’m not involved, so I can’t really comment on it. I trust in David Stern…” Leonsis said. “Certainly here in Washington we want to play, and hopefully they come to a positive resolution.”
We want to add, payroll should not be the Wizards biggest financial issue — they had a payroll of $57.2 million last season. That’s below even the proposed hard cap — er, sorry, “flex cap” — number the owners put forward of $62 million. Leonsis and the Wizards could spend that much next season again.
For them the issue is revenue. And while Leonsis can complain about the 57-43 split of Basketball Related Income he should also be pushing for much more revenue sharing amongst owners. He needs to find a way to bring in more money, not simply reduce expenditures. He didn’t expend that much. If he honestly wants to field a team that wins in future years his payroll is going to push up against whatever the new cap is, not go down.
On Monday, Dion Waiters agreed to a one-year, $2.9 million deal with the Heat, far less than most people thought he would get as one of the few significant free agents still on the market. Tuesday afternoon, he posted an explanation on Instagram for his deal.
Here’s what he said:
I didn’t do it for the money… I did it for the opportunity to go out & ball & have fun. Everything else will take care of its self!!! I just felt like it was the best situation for me…& my family. I could have waited & got wat I wanted. But I rather be happy then miserable at the end of the day!!! Meaning Yu can have everything & still not be happy… #heatnation let’s get it!!! #provethemwrong #stamped #Philly
It seems clear, based on the market, that the kinds of offers Waiters was hoping for weren’t out there for him. In Miami, with Dwyane Wade gone, he’ll probably start at shooting guard and have plenty of opportunities to prove himself in hopes of landing a long-term deal next summer.
While we wait for the Celtics to make a bigger move to trade for another star, they’re filling out the end of their roster. Sheridan Hoops’ Michael Scotto is reporting that they’ve signed Demetrius Jackson, the No. 45 pick in last month’s draft, to a four-year deal.
Jackson declared for the draft after his junior season at Notre Dame. Talent-wise, he has the chance to be a major steal for Boston — DraftExpress has him ranked as the 17th-best overall prospect in this year’s draft class. But he might not play much his first year. The Celtics’ roster is already crowded and there’s still the chance that they’ll make another move with some of their much-vaunted assets if the right star becomes available.
ATLANTA (AP) — The Atlanta Hawks have signed undrafted rookie free agent center Matt Costello of Michigan State.
The 6-foot-9, 245-pound Costello averaged 5.7 points and 5 rebounds on the Hawks’ summer league team in Las Vegas.
Costello averaged 10.7 points and 8.2 rebounds as a senior at Michigan State. He holds the school’s career record with 146 blocked shots.
Terms of the deal were not released.
Jamal Crawford knows how to get buckets.
He does it against NBA level defenders, so put him in a free-flowing pro-am — let’s say the Seattle pro-am in his hometown — and he barely breaks a sweat dropping 44. And nailing the game winner.
Doc Rivers hopes to see a lot of that next season.