Report: Deal reached in sale Philadelphia 76ers

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UPDATE JULY 13, 6:23 pm: Over at CSNPhilly.com, Dei Lynam has confirmed that a deal has been reached. She also talks about the next steps in the process.

 Now the deal must be approved by the league’s board of governors. The NBA needs to approve the sale and they will be thorough in their investigation. It is difficult to say exactly how long that will take but according to Adam Silver, the NBA’s deputy commissioner, the process can be lengthy.

“It’s difficult to say how long the process would take before we see what the actual deal is but the process usually takes about two months,” he explained in an e-mail. “But it could be longer depending on how many background checks need to be conducted, the type of financing the buyers are using, etc. Approval does not have to be done in person but a group of owners would need to interview the buyers at some point before the board votes.”

July 12, 4:40 pm: We’ve been telling you it was coming for a while, not it looks like sale of the Philadelphia 76ers will come to pass in the next couple days.

So reports Ken Berger of CBS Sports (a report since confirmed by other sources).

Comcast-Spectacor has a deal in place to sell the Philadelphia 76ers to an investor group led by Joshua Harris of Apollo Global Management, LLC, CBSSports.com has learned….

David Blitzer of The Blackstone Group will join Harris as lead partner, according to sources familiar with the deal. Former player agent and Sacramento Kings executive Jason Levien also is part of the proposed ownership group, sources said. Apollo, which describes itself on its web site as specializing in “contrarian” investments and “distressed” assets, and Blackstone are not involved in the transaction.

While the price tag is not known for sure, Bloomberg suggested recently it would be about $280 million. Ed Snider has owned the Sixers, NHL’s Flyers (his real passion) and the Wells Fargo Center where they both play. This sale is for the Sixers only, not the building or any part of the Flyers.

Sixers fans should welcome the sale — Snider was a hockey guy who happened to own the NBA team. The new ownership group should bring a different level of passion to the table.

Stephen Curry dumps ice on mid-interview Klay Thompson, who says ‘I’m still hot’ (video)

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Klay Thompson scored an incredible 60 points in 29 minutes.

So, what did Stephen Curry do? Dump ice on his Warriors teammate during the post-game interview, of course.

That didn’t cool down Thompson, who’s probably still hot this morning.

Marc Gasol’s step-back 3-pointer sends Grizzlies to overtime, where they down Pelicans (video)

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Marc Gasol has turned himself into a bona fide 3-point shooter, and his latest triple came when the Grizzlies needed it most.

Gasol’s 3-pointer late in the fourth quarter tied last night’s game against the Pelicans.

Then, Troy Daniels hit a 3-pointer to tie the game in overtime:

Memphis went onto win 110-108 in double overtime behind 28 points, 11 rebounds, 11 assists, two blocks and two steals from Gasol.

The Grizzlies have won three straight without Mike Conley (or Chandler Parsons), the victories coming by a combined six points

Celtics’ Al Horford blows game-winning layup against Rockets (video)

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The Celtics couldn’t have asked for a much better look on their final possession, but Al Horford missed this layup to give the Rockets a 107-106 win last night.

Maybe Isaiah Thomas should have gone to the line for getting pushed over by Montrezl Harrell, but I’m not 100% sure Harrell should’ve been called for a foul. Besides, that Thomas screen sprung Horford for the layup. I’d take my chances with that barely contested close-range shot.

Michael Beasley, Davis Bertans ejected from Bucks/Spurs for being third/fourth into altercation

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This should have been the usual NBA altercation — two guys jawing with nothing physical happening because teammates step in, everyone does their posturing, and we move along. Monday night in the Spurs eventual win over the Bucks, Greg Monroe and Dewayne Dedmon got tangled up going for a rebound, Dedmon threw a little elbow, Monroe pushed him off, and the two started the well choreographed NBA dance.

Then San Antonio’s Davis Bertans came in and shoved Monroe.

Followed by Milwaukee’s Michael Beasley coming in and shoved Bertans.

Both Beasley and Bertans were ejected for escalating the situation, and you can expect the league will hit both with a fine for being the third/fourth men in.