Report: Deal reached in sale Philadelphia 76ers


UPDATE JULY 13, 6:23 pm: Over at, 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, 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.

Spurs to give Tim Duncan, Manu Ginobili Friday night off in Denver

Manu Ginobili, Harrison Barnes, Tim Duncan
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The Spurs are 12-3 and comfortably in second place in the West, they have the best defense in the NBA allowing just 93.8 points per 100 possessions, and they have a top-10 offense to go with it.

So, time to start making sure guys are rested.

That is the first night of a back-to-back, with former Spurs’ assistant coach Mike Budenholzer and his Atlanta Hawks coming to San Antonio on Saturday. Popovich is saving his two veterans for that game.

Duncan and Ginobili have looked like they found the fountain of youth this season. Duncan is taking on less of the offense but has been very efficient in those moments. Ginobili has the impact he did a few years back in his bench role.

What Gregg Popovich cares about is them playing like that come the postseason. So they will rest on Friday.

Brandon Armstrong impersonates Ray Allen (video)

2014 NBA Finals - Game Five
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Ray Allen is retired-ish, but he’ll always be running through screens – in our mind and in this video.

Celtics draft pick Marcus Thornton gets beer dumped on head during Australian game (video)

Marcus Thornton, Will Cherry

The Celtics drafted Marcus Thornton with No. 45 pick in the 2015 NBA draft. That essentially entitled him to the required tender – a one-year contract offer, surely unguaranteed at the minimum.

Thornton rejected that, which is almost always a mistake.

Rejecting the tender is a favor to the drafting team, which gets to keep the player’s exclusive rights for a year. If Thornton tries to join the NBA now, he’s stuck negotiating with only the Celtics.

By accepting the tender, the player typically gets one of two outcomes. He either plays on that contract and draws an NBA salary or he gets waived. But even getting waived is better than rejecting the tender, because at least the player becomes a free agent and can negotiate with any team.

Players who reject the tender go to another league and play for less money. In Thornton’s case, that mean Australia.

How’s that going?

(Almost) never reject the required tender as a second-round pick.

Byron Scott says they just have to get Kobe Bryant better looks

Kobe Bryant, Joe Johnson, Byron Scott

Kobe Bryant is averaging 15.2 points a game at age 37. It’s just taking him 16.4 shots per game to get there. After his 1-of-14 shooting performance against the Warriors the other night — with too much isolation and too many plays run just for him — there has been a lot of talk about his shot. With reason, this is his shot chart so far this season.

Kobe shotchart season

So what do the Lakers’ do? Get Kobe to shoot less and get the ball in the hands of the young stars they supposed to be developing more? Nah.

They just need to get Kobe better looks, Scott told the Los Angeles Times.

“I know his mentality is that he can still play in this league,” Scott said. “And we feel the same way….

“Obviously he’s struggling right now with his shot, and I think everybody can see that,” Scott said. “So it’s trying to get him in better position to be able to have an opportunity to knock those shots down on a consistent basis. That’s No. 1.

“I don’t know if it’s his legs. I don’t think so. Again, our conversations are pretty blunt. … He tells me when he is tired and he tells me when he’s not tired. And the last few days, he said he feels great. So, I don’t think it’s a matter of him being tired or his legs being tired. I think it’s a matter of his timing being a little off.”

Yes, how could it be his legs? It’s not like he’s a 37-year-old with more than 55,000 NBA minutes played, and coming off an Achilles rupture and major knee surgery.

Honestly, I hope the Lakers and Kobe find a balance soon, because they have become just hard to watch. And I don’t want Kobe to go out this way.