NBA to return $160 million in escrow money to players

1 Comment

In the one move since the start of the NBA lockout, the NBA announced Tuesday that it is going to give the players back money they already earned.

It’s a good thing in terms of thawing the ice, but it’s not going to really change things. As for what happened… this is going to take some explaining. Bear with me.

You know how as part of the last Collective Bargaining Agreement the players got 57 percent of the league’s gross revenues? Well, how they insured it was exactly that amount the players received was by putting eight percent of every NBA’s players check into an escrow fund. Then at the end of the season money in that fund was returned to the players (in the proportion they put in) to get the overall number to 57 percent. Some years the players got some of it back, some years none.

In the NBA owners first new CBA proposal to the players, one of the ideas was for the owners to keep all of the escrow money from last season, about $160 million. You might imagine how well that went over with the players, who felt they were owed that money under the old CBA. (Overall league revenue was up and salaries were down last season, so the full amount was due back the players).

The league has backed off that and will return the money, according to NBA.com.

That cash could ease or delay the point at which some players begin to feel financial hardship from the lockout. Based on the “average” NBA salary of $5.7 million, the escrow rebate would be worth $456,000. A minimum-salaried player ($473,604) would be due $37,888 while a $16 million superstar could expect $1.28 million coming back.

Not returning the money was a big non-starter for the players union, so just the fact they are getting it back should help move the next conversation off the old deal and on to the next deal. Of course, David Stern will call this a concession and expect one in return from the players, while the union will say this has nothing to do with the new CBA because this is money they had already earned under the old deal.

Basically, this is not moving the sides closer to a new CBA deal as the players want the status quo and owners continue to ask for a dramatic change from the old system. This could remove one stumbling block, but it also gives players more money, which means some may be able to hold out longer before the union buckles.

Maybe a month from now the two sides will start to have meaningful talks. For now we have this action and no talks.

Rumor: LeBron James would ‘never’ join Clippers

AP Photo/Tony Dejak
2 Comments

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.

Hornets’ Malik Monk expected to miss Summer League with sprained ankle

Getty Images
Leave a comment

Malik Monk‘s game is a perfect fit for Summer League: The tempo is up, the guards have the ball in their hands, the plays are basic, and the defense is inconsistent (to be kind). Monk’s ability to create shots for himself, score in transition off pull-ups or attacking the rim, and his ability to score on spot-up chances coming off screens means he would put up numbers in the glorified pick-up games of Summer League.

Except we’re not going to get to see it this year. Monk will miss Summer League due to a sprained ankle suffered during the pre-draft workout process, the Charlotte Hornets announced. The team says his rehab process is 2-4 weeks, but they are not going to push their new player just to get him in some meaningless Summer League games.

Charlotte was lucky Monk fell down the draft board to them at 11, he was rated higher than that on most boards. He can score at the NBA level, how far his career goes will depend on his ability to do other things, particularly defend. His style of game is similar to Lou Williams or Monta Ellis, both of whom have had long NBA careers because they can just get buckets.

That would have been fun to see in Summer League, but maybe next year.

La La Anthony: I’m staying in New York, and Carmelo Anthony prioritizes staying close to our son

4 Comments

Self-serving Knicks president Phil Jackson said Carmelo Anthonywould be better off somewhere else.”

Anthony’s wife, La La Anthony, revealed a different point of view when asked whether she’d divorce the star forward and about trade rumors involving him.

La La on The Wendy Williams Show:

Not right now. I’m not. You know, marriages are tough. And you know that. We all know that. It’s filled with ups and downs. And we’re just going through a time right now.

But him and I are the best of friends, and our number one commitment is to our son, Kiyan. We have to set an example to Kiyan, and that’s what’s most important to me. So, I would absolutely never say a bad thing about my husband. That is my son’s father, and he is an amazing dad. I could not ask for a better dad.

Every day, I see a different team. That’s for sure.

The most important thing with just that is to stay close to Kiyan. That’s my priority. That’s his priority.

So, wherever he ends up, of course we want him to be happy.

I am hood, and I want to stay close to the hood. So, New York is definitely where I’m at and where I’m staying.

The Knicks are lousy, and working for Jackson is no treat. Carmelo knows all that.

But this might reveal why Anthony hasn’t – and, according to Jackson, still won’t – waive his no-trade clause to approve a deal from New York. There are things that matter more than basketball.

Danilo Gallinari: Nuggets aren’t my first choice in free agency

AP Photo/David Zalubowski
1 Comment

Pending free agents almost always express loyalty to their current team, whether or not they actually plan to re-sign.

That’s what makes Danilo Gallinari‘s comments stand out.

Gallinari, via Premium Sport, as translated by E. Carchia of Sportando:

“Nuggets are not my first choice but they are exactly at the same level of the other teams. Denver’s advantage is that they can offer me a five-year contract while other franchises can offer me a four-year deal. Nuggets are at the same level of the others” Gallinari said.

One way to look at this: If a player stating a desire to return to his team – even if he plans to leave – is the baseline, Gallinari is definitely gone from Denver.

Another: Gallinari is being exceedingly honest, and we should just take his comments at face value.