NBA to return $160 million in escrow money to players

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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.

Three Things to Know: Victor Oladipo drops 47, he and Pacers are legit

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Every day in the NBA there is a lot to unpack, so every weekday morning throughout the season we will give you the three things you need to know from the last 24 hours in the NBA.

1) Victor Oladipo drops 47 on Nuggets, shows he’s an All-Star and Pacers are for real. When the Pacers traded Paul George for Victor Oladipo and Domantas Sabonis, we thought it was a massive step back for the Pacers. The Pacers also ditched Jeff Teague, C.J. Miles, and Monta Ellis and brought in Bojan Bogdanovic, Darren Collison and Cory Joseph, which had them rebuilding (we figured low 30s in wins, tops).

We were wrong.

Last Wednesday Oladipo hit the game-winner against Chicago, then he led the Pacers to a win over Cleveland (snapping the Cavs 13-game win streak), and on Sunday he dropped 47 points on the Denver Nuggets in another Pacers’ win, the team is now 16-11.

Victor Oladipo has been playing like an All-Star — he should be one of the East guards off the bench — making a leap from role player in OKC to leading man in Indiana. The Thunder brought him in to be a third scorer behind Russell Westbrook and Kevin Durant, but when Durant left and Westbrook took over Oladipo regressed. This season Oladipo has the ball in his hands, is drawing contact and getting to the line on drives like he hasn’t in years, is finishing at the rim better than he has before (62 percent), is killing it from three (43.9 percent overall and 45.7 percent on pull-up jumpers from three), and he’s dishing out assists like he hasn’t since his rookie season in Orlando.

All of that — plus the fact Sabonis has taken a big step forward this season — has led to talk in some quarters that the Pacers won the trade with OKC that sent Paul George to a “super team.” Oladipo isn’t playing that game.

What Oladipo is doing is leading a Pacers team that has the sixth best offense in the NBA, and a team that’s getting easy buckets (fifth highest percentage of offense in transition, according to Cleaning The Glass). While the Pacers take more midrange jumpers than one might prefer, they are the second best team in the league at hitting them, so it works.

Maybe the Pacers come back to earth a little (their defense has been middle of the pack), but probably not as their point differential is pretty much in line with their record. Nate McMillan and company have gotten eight new players on the roster to blend beautifully. The Pacers are for real. This is who they are.

And Victor Oladipo should be suiting up as an All-Star in Los Angeles. He’s earned it.

2) Second most impressive feat of the night: Michael Beasley fouls out in 10 minutes. Michael Beasley has found regular minutes a bit hard to come by with the Knicks this season. Sunday, when the Hawks rotations forced the Knicks to play more small ball, Beasley got his run and was aggressive trying to make his mark and defend. What he did was foul out. Quickly — in 10 minutes. That got him a standing ovation in Madison Square Garden.

The Knicks ultimately got the win thanks to Kristaps Porzingis‘ 30 points and Doug McDermott adding 23 off the bench. And, of course, the efforts of Beasley (he was +10 in his 10 minutes, to be fair).

3) Kobe Bryant gave Eagles pep talk before they beat the Rams. Philadelphia came to Los Angeles Sunday for what was the NFL’s game of the week (and it was an entertaining one). The Eagles practiced for a few days in the sunshine of Los Angeles before the game, and on Friday huge Eagles fan Kobe Bryant came out to pump up the team.

Kobe also had a little video message for the world.

The Eagles got the win, but it may have come with a high cost as quarterback Carson Wentz suffered a knee injury and the signs aren’t good.

Michael Beasley fouls out in 10 minutes, gets standing ovation (VIDEO)

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Michael Beasley hasn’t played all that much for the New York Knicks. The journeyman forward is 10th in minutes played for the team, and is a bench contributor at this stage in his career.

Beasley appeared to be a bit overexcited to get some run late in Sunday’s win over the Atlanta Hawks, 111-107. Having played just 10 minutes in the game, Beasley quickly racked up three fouls in the span of one minute and 45 seconds.

That earned him his sixth foul — the others were picked up earlier — and a standing ovation from the Madison Square Garden crowd after his disqualification.

Via Twitter:

Support your guys, NBA fans, even if they’re out here getting DQ’d after scoring one point and grabbing two rebounds.

Kobe Bryant gave a 30-minute pep talk to the Eagles before Rams game (VIDEO)

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Kobe Bryant is just about everywhere during retirement. We’ve talked before about how his post-playing career revisionism is one of the greatest works of sports marketing currently underway.

Of course, Ol’ Bean has to take some days off from being a “storyteller” and that includes cheering on his hometown Philadelphia Eagles. Bryant was born in Philly and lived there for various parts of his childhood, of course going pro directly from Lower Merion High School, located in a nearby suburb.

So despite the return of the Los Angeles Rams, it appears that Kobe is still an Eagles fan through and through. He apparently even spoke to the Eagles for half an hour before the team practiced in California on Friday.

Bryant also gave the world a little video message.

The bummer news for Eagles fans, of course, was that it was Philadelphia QB and MVP candidate Carson Wentz who was hit high and low on Sunday, and the team fears that he has torn his ACL.

Kobe is looking pretty thick in that jersey. Maybe they should work him out and see if he can’t beat out Nick Foles for the starting job the rest of the season?

Watch Victor Oladipo score a career-high 47 points vs. Nuggets (VIDEO)

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Victor Oladipo was sent from the Oklahoma City Thunder to the Indiana Pacers along with Domantas Sabonis as part of a major trade for Paul George.

Boy, Pacers fans have got to be glad things have turned out the way they have.

Oladipo is having a career season in terms of scoring, rebounding, blocks, 3-point shooting and field goal percentage. His advanced stats look good too, as Oladipo’s efficiency per-100 possessions in many offensive categories have seen a rise to go along with his box score bump.

On Sunday, Oladipo scored a career-high 47 points in an overtime win against the Denver Nuggets, 126-116.

Oladipo’s performance was incredible, adding seven rebounds, six assists, two steals, and a block to go along with his 47 points. Oladipo shot 15-28 from the field, including 6-of-12 from 3-point range, and added 11 points from the free-throw line.

Watch the full highlights of Oladipo’s performance in the video above.