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Report: Sale of Atlanta Hawks “moving fast”

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We still don’t know who the buyer is, but apparently the sale of the Atlanta Hawks is moving along quickly.

The Atlanta Spirit — the name of the ownership group — recently sold the NHL’s Thrashers (which moved to Winnipeg) and now are on track to sell the NBA team.

The Atlanta Journal Constitution has the report.

People familiar with the process say representatives of a potential buyer are doing due diligence — examining financial records — as the process moves toward a possible offer and more detailed negotiations for the basketball team and Philips Arena operating rights.

The people familiar with the situation, speaking exclusively with The Atlanta Journal-Constitution, would not identify the potential bidder because of confidentiality agreements, but described the process as moving fast. They said no offer or exclusive negotiating agreement is in place but that the potential bidder, who might have partners, has the financial wherewithal to complete a transaction.

While the sale price is not known, Forbes values the Hawks at $295 million. Expect toe Spirit or maintain a minority share in the team.

After the anonymous bidder does his due diligence, the usual procedure is for the Spirit and owner to set up an “exclusive right to negotiate” deal that locks out other bidders for a time. Then the two sides haggle over a price. If they can come to a deal, then they still need the approval of the other NBA owners.

Unlike the Thrashers, the Hawks are not going anywhere. First, the new owner is buying the building operating rights, not a sign he wants to move on. Also, the AJC reports there would be $195 million in loans that would need to be paid off first, which is a steep price to move a team.

The Spirit did have an exclusive negotiating period with John Moores, the man in the process of selling the San Diego Padres. However, no deal was reached.

Report: Celtics, Cavaliers talking Kevin Love trade; could include Knicks, ‘Melo

Cleveland Cavaliers' Kevin Love holds the ball away from Boston Celtics' Amir Johnson during the second quarter of a NBA basketball game in Boston Tuesday, Dec. 15, 2015. (AP Photo/Winslow Townson)
Associated Press
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The Celtics are looking for an elite player to improve their deep cast of role players. The Cavaliers are looking for depth. And Carmelo Anthony may just be looking to win.

All of that has talks between the Cavaliers and Celtics on a potential Love deal progressing, with the possibility of the Knicks as a third team also in the mix, according to Frank Isola of the New York Daily News.

The Daily News has learned that the Boston Celtics and Cleveland Cavaliers have discussed a blockbuster trade centered around Kevin Love. There were very preliminary discussions about expanding the deal to include the Knicks and Anthony, who would have to waive his no-trade clause in order to facilitate a deal to the Cavs.

The Knicks would receive draft picks and players in return. One of those players is believed to be Timofey Mozgov, who five years ago was traded by the Knicks to Denver in the Anthony deal.

This is a longshot, but the report has some legs.

It’s not clear how far along these talks are. The trade deadline is Feb. 18 (next Thursday) and conversations tend to move past the theoretical/value judging phase and get real come All-Star Weekend, when many GMs and decision makers are in one place (and nobody can go outside because it is too cold in Toronto). This trade works for the Cavaliers if they get a quality stretch four in return — Kelly Olynyk? — plus some depth and a quality pick. The question for the Cavs is simply how much can they get back — this is a win-now team and Love helps that, so how does a trade make them better?

Would Danny Ainge move the unprotected Brooklyn Nets pick to get Love? Jae Crowder? How much would Boston surrender to get an elite star, especially one under a reasonable, long contract?

Carmelo Anthony wants a ring, if he could end up playing with LeBron and be much closer to it than he is now, he would waive his no-trade clause.

That said, this trade sounds like a longshot. At least at the deadline. Next Summer… who knows?

Watch Kevin Hart be Kevin Hart at the NBA All-Star Celebrity Game

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Kevin Hart has a movie to promote decided to come out of retirement to play in the NBA All-Star Friday Night Celebrity Game.

And, he did what Kevin Hart does.

Well, except win MVP of the game, that went to Win Butler (the Canadian lead singer of Arcade Fire). Butler led Canada to a 74-63 win over Hart and the USA.

Drake to introduce players for All-Star Game Sunday

Drake stands in front of Canada's bench before the Celebrity Game, part of NBA basketball's All-Star weekend, in Toronto on Friday, Feb. 12, 2016. (Chris Young/The Canadian Press via AP)
Associated Press
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You knew Canadian hip-hop star Drake was going to be involved directly in the All-Star Game in a way more than just having his back-and-gold OVO owl gear sold at the Air Canada Centre. Now we know how.

Drake will introduce the NBA All-Star players Sunday.

Drake has experience with this, he has introduced the Raptors — for whom he is a “global ambassador” — before.

This works for me. However, just to be clear, Drake is going to be introducing the players and Sting will headline the halftime show Sunday. Because nothing says NBA and millennials like “Fields of Gold.”

LeBron James says he’s undecided on 2016 Rio Olympics

US forward LeBron James celebrates after
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TORONTO — LeBron James has played in three Olympics, won two gold medals (and a bronze), and has done his duty representing his country internationally.

But it’s why he might skip this summer’s Rio Olympics that turned heads in the last couple days — he is reportedly pissed that Kobe Bryant will not be making his farewell with another gold on the international stage.

As you might expect, LeBron was asked about that during All-Star media day Friday in Toronto. Also, as you might expect, he dodged the question, saying he doesn’t know what he’s going to do this summer.

“Well, for me, I haven’t quite decided if I’m on the fence of going or not,” LeBron said. “But I’ve always loved representing my country. I’ve been playing in the Olympic games since 2004. So, no, I haven’t made a decision yet.”

My guess is LeBron’s body would love him to take the summer off — he’s played in five straight Finals with an Olympics in that mix — but his brand managers (and Nike) would love to see him play.

With him, the USA will win a gold medal. Without him, the USA will win the gold medal. The Americans are clear and away the best team in the world and only they can beat themselves. LeBron’s leadership can help make sure that happens, but it’s not required.

In the end, LeBron needs to do what’s required to bring a championship “to the ‘Land.” The playoffs, and how he feels after them, will likely determine where LeBron is in early August more than anything else.