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Books show Nets with $44 million loss in 2008-09 season

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Did NBA teams lose money last year? And if so, really how much?

In the absence of the owners and players union sitting down and actually talking, the question of loss has become the talking point of the NBA lockout. There has been plenty of back-and-forth between the NBA and the players union — and we can throw in the New York Times — about this subject.

Darren Rovell at CNBC did something smart — when Bruce Ratner’s Nets Sports & Entertainment LLC owned the Nets, the books were public. Still are. So Rovell went and looked at them and broke down the year before the team was sold to Mikhail Prokhorov.

What he found is that while the reported loss by the team that year was $77 million, wipe out the amortization — which the league says it does not include in it’s loss numbers — and the loss falls to $44 million.

But that’s where the controversy starts on how the owners and players define losses and responsibility for those losses.

I said that there were two other numbers, which could be disputed. Let’s look at those. The first one is depreciation, which in this sense is the allocation of costs distributed over a certain period of time. In this case, the reported depreciation by Nets Sports & Entertainment is $2,041,611.

The players association says that depreciation shouldn’t be included in the losses. The owners say it absolutely should because it does reflect the cost of expenses that could be related to growing revenues. If the players get a certain percentage of revenues, the owners claim they should be responsible for some of the costs to get to those higher revenues.

The other disputed number is interest. The Nets for the 2008-09 season had $13,412,981 in interest. The players association again says that that shouldn’t be included in the losses. With depreciation, the actual loss might not be taken in the year it is credited to. With interest, the ownership is actually writing a check. The players can argue they shouldn’t share in this, but there’s no debate that that is a real loss.

I tend to side with the players on interest — it is not their responsibility if an owner took out loans to buy a team. But for fun, even if you wipe depreciation and interest off the books, the Nets still lose in the neighborhood of $28.5 million. That’s a chunk of change. You can see why an owner would be frustrated.

There needs to be some balance in the system. Should some of that kind of loss be covered by revenue sharing from larger market owners? Yes. Should a reduction in players’ salaries (via a reduced share of basketball related income) be part of it? Yes. But the Nets were bad and played in a bad building, and if an owner loses money because of that I have a hard time thinking the players should cover too much of the losses.

76ers’ No. 1 pick Ben Simmons out for season

TARRYTOWN, NEW YORK - AUGUST 07:  Ben Simmons of the Philadelphia 76ers poses for a portrait during the 2016 NBA Rookie Photoshoot at Madison Square Garden Training Center on August 7, 2016 in Tarrytown, New York. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2016 NBAE  (Photo by Nick Laham/Getty Images)
Nick Laham/Getty Images
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76ers CEO Scott O’Neil guaranteed No. 1 pick Ben Simmons would play this season. Just about a week ago, Philadelphia coach Brett Brown said he expected Simmons to play this season.

But with rumor after rumor — the latest report saying his injured right foot hadn’t fully healed, even though he had participated in drills — indicating Simmons could miss the entire year, the 76ers accepted this undesirable fate.

Corey Seidman of CSN Philly:

Ben Simmons is officially out for the season, Sixers president of basketball operations Bryan Colangelo said Friday.

Simmons had a CT scan on his injured right foot Thursday in New York which showed that the foot is not yet fully healed.

He’ll have another scan in about a month, Colangelo said.

“I have always known that there was a desire to get him back on the court when healthy,” Colangelo said. “We’ve always anticipated there would be an opportunity for him to play, hopefully this season.

“But there was always the outside chance that it didn’t happen because there wasn’t complete and full healing. And we weren’t going to put Ben Simmons in a place where he was (susceptible) to a re-fracture.

“There are genetic things that change the healing patterns of people. So if everybody had done their research and saw that most Jones fractures took 3 to 4 months, great. But it’s not 3 to 4 months in every case, it’s 3 to 4 months in most cases.”

“He’s heartbroken. He wants to play. He wants to be out there. It’s eating him alive, I’m sure.”

Simmons follows Nerlens Noel and Joel Embiid as high first-round picks to miss their entire first professional season with the 76ers. If it weren’t for Embiid’s emergence this season, this would be an even more bitter pill to swallow for Philadelphia fans fixated on immediate on-court gains.

But Embiid has provided more than enough reason for optimism, though he’s also hurt now (just not nearly as severely).

Long-term, the 76ers must figure out how Embiid and Simmons mesh and try to develop them together. We know Embiid works well with a stretch four, but what about a dynamic passing power forward like Simmons — or a tall point guard, if that’s what Simmons become? This injury delays answering those questions.

It also raises questions about Simmons — his ability to avoid and recover from injuries. Colangelo’s comments about Simmons’ genetics are particularly eyebrow-raising.

Likewise, there should be questions about the 76ers’ handling of their players’ health. How could Simmons return to on-court work before fully healed?

Philadelphia, at various points, has tried to accelerate its rise. But properly rebuilding takes time and care. At times like this, the 76ers must remember to trust The Process.

Paul Pierce shoots back at Warriors: ‘3-1 lead oops’

Los Angeles Clippers forward Paul Pierce (34) in the first half of an NBA basketball game Saturday, Jan. 21, 2017, in Denver. (AP Photo/David Zalubowski)
AP Photo/David Zalubowski
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Draymond Green was harsh in trash-talking Paul Pierce last night.

Pierce and the Clippers couldn’t shut up Green on the court, as the Warriors won. But on Twitter?

Pierce responded there:

Pierce has repeatedly taken shots at the Warriors, particularly Kevin Durant. I’m not going to complain about trash-talking, but I can also see why Green would tire of this — and even try crushing Pierce last night.

But there’s apparently no way to silence Pierce.

Ty Lawson cleverly runs down clock in Kings’ win over Nuggets (video)

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The Kings traded DeMarcus Cousins for two key reasons:

  • They wanted to change their culture, and they thought jettisoning the combustible Cousins would do that.
  • They wanted to avoid conveying a top-10-protected first-round pick to the Bulls this year, which required getting a little worse in the short term.

But what if they did the former so well, it disrupts the latter?

Sacramento played with enthusiasm and savvy in a 116-100 win over the Nuggets last night. The most clever play came from Ty Lawson.

With the Kings trying to preserve a 109-94 lead with 2:38 left, Lawson took an inbound pass following a Denver basket and let the ball roll/lie on the court for 22 seconds before picking it up.

The game clock didn’t stop because the game wasn’t in the final two minutes. Neither the shot clock nor the eight-second count started because no team possessed the ball.

Denver had an extremely slim chance at erasing a 15-point with 2:38 left, but Lawson reduced those odds considerably. Eventually, Jameer Nelson — who failed for far too long to press Lawson out of this tactic — committed a frustration foul after his own basket.

Stephen Curry caps Warriors’ 50-point quarter with incredible buzzer-beating 3 (video)

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Why was Stephen Curry messing around with all that dribbling? Did he realize how little time was left?

Oh, yeah.

Curry and the Warriors knew exactly what they were doing in the third quarter against the Clippers last night.

Curry’s 3-pointer capped a 50-point quarter — just the third 50-point quarter in the last 25 years. The 2010-11 Pacers scored 54 in a quarter against the Nuggets, and the 2013-14 Lakers (!) scored 51 in a quarter against the Knickers (oh).

Golden State trailed by 12 at halftime, but flipped that into a 12-point lead entering the third quarter. The Warriors didn’t look back in a 123-113 win, but we’ll look back and enjoy all that third-quarter shot-making: