There are some NBA owners out there willing to scrap the entire upcoming NBA season because they would lose less money that way than they would paying players for a season.
But losing a full season is not good for all the owners. You can add Memphis to that list.
Not because it’s a profitable team in a good market — it’s not — and not because after last year’s playoff run there is a real excitement around the team for next season.
No, it’s about money and how the already strapped city of Memphis could be hurt by an extended lockout. The Associated Press explains.
A fund used to pay off bonds that financed the $250 million FedExForum could be pushed into the red by 2022 if the N.B.A. lockout lasts the entire year, a situation that would force the city of Memphis and Shelby County, Tenn., to pay the shortfall….
With the loss of revenue associated with a lockout, projections show the current surplus of $10.8 million would be gone in time for the senior bonds’ Nov. 1, 2022, payment. It could reach $10.6 million by 2029, or about $600,000 annually for each government.
That’s no problem because cities are so flush with cash right now. Not like they need more police, fire, longer library hours or a host of other things in Memphis.
Dwyane Wade ‘honored’ to be Prince’s favorite player
The officiating crew missed a host of calls during those final 13 seconds, but they have at least owned up to the most egregious one — missing Dion Waiters pushing off Manu Ginobili while the Thunder guard tried to inbound the ball. (Yes, Ginobili’s foot was on the line, but sorry Thunder homers that was not close to the most egregious miss at the end.)
After the game, the lead official Kenny Mauer admitted that error.
Did that decide the game? No. We like to focus on things we can blame as going wrong, but the Spurs offense started 2-of-15 shooting on the night, was inconsistent, and they still had a chance at the end. This one play is not why the Spurs lost. Manu Ginobili said it well postgame.
Raptors’ Bismack Biyombo given after-the-fact Flagrant 2 for elbow to Pacers’ Turner, no suspension
However, no mention of a suspension for this incident alone. The Raptors catch a break there, as Biyombo should have been tossed from the game and/or given a suspension for that elbow. That said, one more flagrant and he does get a suspension.
NBA’s Basketball Without Borders to host first event in Australia
Australia has brought a fair amount of talent — and scrappy players — to the NBA, and now the NBA is taking one of its outreach programs there.
Yesterday the NBA, FIBA, and Australia’s National Basketball League announced a Basketball without Borders event June 23-26 at Dandenong Basketball Stadium in Melbourne. It’s the first time the community outreach program will come to the island nation of Australia.
“We are pleased to partner with FIBA and the NBL to bring the first Basketball without Borders camp to Australia,” NBA Asia Managing Director Scott Levy said in a statement. “The league has seen a surge of Australian talent in recent years, and we look forward to supporting the next generation by giving them a platform to showcase their skills alongside their peers from throughout the region.”
These events bring in youth basketball players and work with them, both giving young players highest quality instruction and raising the profile of the sport in the nation with a little star power. Basketball Without Borders will celebrate 15 years this summer and has been all over the globe with similar events.