NBA rookies taking out loans while lockout drags on

2 Comments

Guys drafted in the first round of the last NBA Draft are stuck.

They do not have an NBA contract yet — the draft is in June but no deals could be signed until July, and then it was too late — so they have no income. However, first rounders are guaranteed to get a contact (that will not change in the new labor deal). Which means for them signing to play overseas is a massive risk — get injured playing in Europe and they could lose out on that NBA contract. Teams could choose just not to sign them. And then the dream is gone, plus the money is gone. (Yes, they could have gotten injured playing in the NBA Summer League but they would have already signed a deal.)

So what are they doing to get by? Taking out loans, Reggie Jackson — drafted out of Boston College in June by the Oklahoma City Thunder — told Darnell Mayberry of the Oklahoman.

While most veteran players have had their paychecks suspended, they at least have, or should have, some kind of coin in reserve. Jackson has yet to receive his first pro check at all. Instead of signing his rookie contract last month, Jackson was forced to take out a loan. He says it’s a small amount that only keeps him afloat.

“I’m trying to pay back as little as I can and just get through the times right now,” Jackson said. “I’ve grown up not being super wealthy. I went to college being broke and found a way to manage through that. So I’m just getting by. Basketball’s never been about money and never will be. I’m living comfortably enough to where I’m satisfied. But I’m also not out there buying a big house and a big car. I’m not trying to do that. I’m OK with settling for less fancy things.”

Basically, his place is about as nice as your first place right after college. The one with the wagon wheel coffee table where beer bottles stacked in a pyramid in the window still seemed like a decoration.

For many of those players, the loan will come from their agent, so paying it back right now is not the issue. Someday Jackson will be able pay that loan off. But right now he can’t, and as the lockout drags on with the two sides barely talking (but suing like mad) it’s only going to get worse.

Watch Michael Jordan’s best highlight from each of his playoff runs (video)

Leave a comment

I’ve become a sucker for this highlight format.

Jazz deny rumored promise to draft D.J. Wilson

Joe Robbins/Getty Images
Leave a comment

Michigan forward D.J. Wilson said he’d stay in the draft only if he’d go in the first round. Yet, despite not doing any on-court work at the combine, the borderline first-rounder remained in the draft beyond the withdrawal deadline.

What gives?

Rod Beard of The Detroit News:

Kyle Goon of The Salt Lake Tribune:

NBA teams sometimes promise to draft a player. They never reveal that before the draft. So, Utah’s denial doesn’t mean much – even if it’s true.

The Jazz were the last team to give Wilson a full work out before he injured himself in a Spurs workout. So, this rumor could be based on circumstantial evidence rather than leak of a Utah guarantee.

Wilson would make sense for the Jazz, who could see their payroll bloat if they re-sign Gordon Hayward and George Hill (and maybe even Joe Ingles). They could move Derrick Favors, an interior who doesn’t exactly fit with Rudy Gobert. Wilson would give Utah another option with Trey Lyles as developing stretch fours behind Boris Diaw. (Utah could even move Diaw and count on Lyles/Wilson to emerge sooner than later.)

Watch LeBron James’ top highlight from each of his postseason appearances (video)

AP Photo/Ron Schwane
Leave a comment

LeBron James and Tony Parker are the only players to play in the last dozen postseasons.

(If you’re wondering, Manu Ginobili missed the 2009 playoffs due to an ankle injury.)

It’s fair to say LeBron was a bit more spectacular than Parker in that span. As LeBron enters his seventh straight Finals, the NBA released this awesome video showing LeBron’s best playoff highlight from each year:

There’s no entry for this year. Here’s betting it comes against the Warriors in the NBA Finals.

David Stern: We thought we could re-work Chris Paul-to-Lakers trade until Mitch Kupchak ‘panicked’

AP Photo/Kathy Willens
4 Comments

NBA commissioner David Stern – acting as New Orleans’ owner representative, he says – infamously vetoed a potential Chris Paul-to-Lakers trade in 2011.

But that didn’t close the possibility of Paul going to the Lakers.

The New Orleans Hornets (now the Pelicans and not be confused with the current Charlotte Hornets), Lakers and Rockets tried to rework the three-team trade that would’ve sent Paul to the Lakers, Pau Gasol to Houston and Lamar Odom, Kevin Martin, Luis Scola, Goran Dragic and a first-round pick to New Orleans. But talks fell apart around the time the Lakers dealt Odom to the Mavericks.

Stern on Nunyo & Company (hat tip: Harrison Feigen of Silver Screen & Roll):

In fact, in the course of the weekend, we thought we could re-do the deal. We really thought that Houston would be ready to part with Kevin Lowry, and we had a trade lined up for Odom that would have gotten us a good first-round draft pick – not we, but my basketball folks. But Mitch Kupchak at the time panicked and moved Odom to Dallas. So the piece wasn’t even there for us to play with at the time. So that was it — just about what was good for the then-New Orleans Hornets.

Remember, Stern – roundly criticized for his handling of this episode* – has blamed the Lakers and Rockets for the lingering perception. This could just be him again trying to shift responsibility.

*Somewhat fairly, somewhat not. Owners veto general manager-approved trades often enough, and Stern was acting as New Orleans’ owner after George Shinn sold the franchise back to the league. But Stern had an agenda as commissioner. He never should have assumed such a large conflict of interest. What he did with the Paul trade was reasonable for an acting owner, but because Stern was also commissioner, it’s fair to question how much New Orleans’ interests and how much the league’s interests factored into the decision-making.

But let’s take Stern at his word – that he and the Hornets thought they could re-do the trade and send Paul to the Lakers. That doesn’t mean they were right. Maybe the Lakers and Rockets (who had Kyle Lowry, not the “Kevin Lowry” Stern named) were never going to part with enough to get Stern’s approval.

And maybe New Orleans didn’t properly convey its interest in still completing a deal. Perhaps, Kupchak acted reasonably by trading Odom to Dallas – for a first-round pick, a deal Mark Cuban would ultimately regret – rather than wait around for the Hornets, who eventually sent Paul to the Clippers.

It’s easy to blame Kupchak, but he might tell a different story.