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Madison Square Garden stock dinged because of lockout

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The conventional wisdom is the players will feel the financial impact of the lockout long before the owners. The players are millionaires who (in some cases) lead extravagant lifestyles. The owners can lead extravagant lifestyles, they are billionaires with deeper pockets.

But at least one owner is already feeling the pinch of the lockout.

The Madison Square Garden Company — the parent company of the Knicks, the NHL’s Rangers, the building they play in and CableVision — has already seen a downgrade of its stock to hold by Bank of America because of fears of revenue lost by an extended lockout.

Here is what some Bank of America suit told NewsCore (story via Ball Don’t Lie):

“Despite our continued belief in MSG’s robust long-term story … we think the shares will be unlikely to outperform over the near term with $90 million of adjusted operating cash flow at risk from a full-season NBA lockout and a possible LA Forum acquisition on the horizon,” the analysts wrote in a note.

Here is another note on the downgrade from CNBC.

This really isn’t going to hurt Knicks head man James Dolan much, he’s not going to have to give up his blues band or anything. Unfortunately. But it is a hit and it shows the owners are not immune — both sides get hurt the longer this drags out.

And the players will crack first. They will be the losers at the end of this lockout. Sorry, but Sam Amick is right.

Tyronn Lue says ‘they said’ LeBron James has a body of a 19-year-old, but nobody else knows where Cavaliers coach got that

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LeBron James might be the greatest athlete in NBA history.

But even he has shown signs of decline at age 31.

He has gotten multiple back injections and even took a break during the season to rehabilitate in Miami. The forward has treated the last two regular-seasons as glorified warmups for the playoffs.

Just where does LeBron stand physically?

Cavaliers coach Tyronn Lue gave quite the answer.

Joe Vardon of

Lue said James, at 31, “had a chance to get tested this summer and they said he had a body of a 19-year old. Maybe he’s getting younger. Benjamin Button.”

It was a little perplexing because neither James, nor his personal trainer, Mike Mancias, nor general manager David Griffin had any real idea what test Lue was talking about.

This reminds me of Derrick Rose attributing the Knicks and Warriors being super teams to “They’re saying.” Who is they, and what are they smoking?

That LeBron, Mancias and Griffin won’t cop to knowing is quite revealing.

LeBron does not have the body of a 19-year-old. Years of other-worldly play and long playoff runs has taken a toll.

Because he’s declining from such a high peak, LeBron should remain elite for a while. His athleticism might even fluctuate as it trends downward overall.

But Father Time is undefeated, and LeBron didn’t just get a mid-career reset to his rookie physical form.

Draymond Green says technical foul won’t dissuade him from yelling after dunks

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Draymond Green has apologized again and again and again in the last year.

But the Warriors forward has also maintained he must remain true to himself.

So, after getting technical foul for yelling (presumably because it was toward LaMarcus Aldridge) following a dunk in Golden State’s loss to the Spurs last night, Green – under more intense scrutiny than ever – dug in.

Green, via Monte Poole of CSN Bay Area:

“Next time I dunk, I’m gonna yell again,” Draymond declared after the loss. “I mean, it’s kind of universal. I’m gonna continue to be me, and whatever happens, happens.”

Expect Green to keep getting technicals. Even if the one last night was relatively weak, Green nearly constantly toes the line. He had 12 technical fouls last season, and a league-high five in the playoffs (boosted by Golden State advancing all the way to Game 7 of the NBA Finals).

And if the Warriors are winning, that’s fine. His emotional energy does more to lift the team than hinder it.

But, as we’ve seen, there is a definite downside.

Report: Hawks signing Dennis Schroder to four-year, $70 million contract extension

ATLANTA, GA - SEPTEMBER 26:  Dennis Schroder #17 of the Atlanta Hawks poses during media day on September 26, 2016 in Atlanta, Georgia.  (Photo by Kevin C. Cox/Getty Images)
Kevin C. Cox/Getty Images

Update: Marc Stein of ESPN:

That’s an even better deal for the Hawks.


The Hawks traded a former All-Star in his prime (Jeff Teague). They waived two experienced backups (Jarrett Jack and Will Bynum), leaving only rookie Malcolm in Delaney in reserve.

Atlanta is putting all its point guard eggs in Dennis Schroder‘s basket – not just as the starter on a team that expects to make the playoffs, but a long-term building block.

Marc Stein of ESPN:

Paying Schroder $17.5 million per year seems fair, because he could wind up drastically underpaid or drastically overpaid.

Schroder drives into the lane with abandon and usually produces quality outcomes as a result. He possesses impressive tools and is already beginning to utilize them, including in several clutch situations.

But he must make better decisions with the ball, finish better at the rim and shoot better from outside for Atlanta’s bet to pay off. It’s also help if he becomes more than just an occasionally pesky defender.

Just 23, time is on his side.

If Schroder develops into a quality starting point guard, he’ll be a bargain. The Hawks will have done well to lock him up before he proved his ability, and their other moves indicate they believe in him making this step.

But if a larger role just exposes Schroder’s flaws, this could backfire. For all the justifiable reasons to have faith in Schroder’s ascension, it’s important to remember he’s not there yet.

This is a relative high-variance bet by Atlanta, which I like in principle. Teams are generally too conservative with rookie-scale contract extensions.

If Schroder doesn’t break out as they hope, the Hawks will have problems regardless of whether or not they extend him. It’s not as if handling him restricted free agency would be a walk in the park.

Now, if Schroder lives up to the hype in Atlanta, the Hawks’ return on investment will be even greater.

Steven Adams spent NBA opening night watching Anime

OKLAHOMA CITY, OK - MAY 28:  Steven Adams #12 of the Oklahoma City Thunder looks on during the first half against the Golden State Warriors in game six of the Western Conference Finals during the 2016 NBA Playoffs at Chesapeake Energy Arena on May 28, 2016 in Oklahoma City, Oklahoma. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Maddie Meyer/Getty Images)

Last night you were likely watching the Cavaliers destroy the Knicks, then flipping over to watch the Indians and Cubs. It was a great sports night (especially if you live in Cleveland).

That’s not what Steven Adams was doing, he was watching Anime. Which probably had a lot more drama than either of the NBA games last night. Via Fred Katz of the Norman Transcript.

You have to love Adams.

One Piece is… like I know. From Wikipedia:

One Piece follows the adventures of Monkey D. Luffy, a young man whose body gained the properties of rubber after unintentionally eating a Devil Fruit. With his diverse crew of pirates, named the Straw Hat Pirates, Luffy explores the Grand Line in search of the world’s ultimate treasure known as “One Piece” in order to become the next King of the Pirates.

Insert your own joke about that being better than watching the Knicks offense (or the Warriors’ defense) here.

Adams will be more focused on basketball Wednesday night when OKC opens the season in Philadelphia. Joel Embiid will keep his mind on the game.