It’s part of what is behind the NBA lockout dragging out to threaten actual games — there are owners that want to exert their ultimate leverage, the loss of paychecks. There are some owners that want to hurt the union, to break it. The theory goes that when the players start missing paychecks, they’ll cry uncle.
If it comes to that, the Bank of Kobe will be open.
Kobe Bryant has offered to loan players who need it money. That’s what NBA players union executive director Billy Hunter told the Los Angeles Times when asked how Kobe and LeBron James had been involved in the talks.
“They’ve been deeply involved in the meetings we’ve had. I know Kobe is intimately involved in interfacing with colleagues and sharing in a pool of revenue to help the others get through this. Kobe has volunteered to do that in the event others need, he and others are prepared to loan money if necessary.”
How’s that for stepping up, John Wall.
Interesting. Of course, we don’t know what the vig is and you better keep up on the payments. I could see his collection agents as being some scary dudes. They will be the size of Snoop Dogg’s body guards, but not as nice.
Not sure it’s really going to come to that, frankly. The whole “the players will break when they don’t get paid” idea is flawed in so many ways. Starting with the players wouldn’t get their first paycheck until Nov. 15, two weeks into the season, and if you wait that long to really negotiate we’re not seeing games until Christmas at best.
And the players are not going to crumble without a check. Not most of them. The players have known this lockout was coming for years. Most have money set aside. Plus they are all about to get a check for eight percent of their salary from last year back (part of an escrow fund set up as part of the last labor deal to make sure the players got exactly 57 percent of the league’s revenue; this year all the money is being returned to the players and then some).
And if all that fails, there’s the Bank of Kobe.
In the weeks since Kevin Durant announced he was signing with the Golden State Warriors, we have yet to hear Russell Westbrook speak on his former teammate’s decision. This week, ESPN.com’s Royce Young indicated in a podcast interview that Durant was telling Westbrook and others in the days leading up to his decision that he was coming back to Oklahoma City. He later walked back his report, saying he misspoke. On Thursday, Durant himself told The Vertical‘s Shams Charania that he never said any such thing, or misled Westbrook or anyone else about his intentions.
“It’s false,” Durant told The Vertical on Thursday. “I didn’t say that – words about me telling Russell or Nick that I would stay or leave never came out of my mouth. We met as teammates, but no promises came out of it. In this day and age, I can’t control anything people claim out there. Someone can go out and say something random right now, and people will believe it.
“I never told Russell or Nick [Collison], ‘All right, guys, I’m coming back to the Thunder’ – and then a week later, I decide not to. Never happened. I don’t operate like that. I heard people say that story, but it’s not the truth.”
So that settles that.
CHICAGO (AP) The Chicago Bulls have signed guard Spencer Dinwiddie.
The Bulls acquired Dinwiddie in a trade with Detroit last month and waived him three weeks ago. He spent two years with the Pistons and appeared in 12 games last season, averaging 4.8 points and 13.3 minutes.
The Bulls announced the move Thursday.
The Wizards are getting a new practice facility.
For some reason, the Wizards have to pay just $4.46 million for it. Washington D.C. will cover the rest.
How much is the rest?
Jonathan O’Connell of The Washington Post:
The District”s sports and convention arm, Events DC, is proposing a series of upgrades to a planned Washington Wizards practice facility and entertainment center in Southeast that would likely reduce the total number of seats but add $10 million to the original $55 million price tag.
The new spending would be paid for by Events DC, which is funded by a percentage of hotel occupancy taxes. It does not require approval by the D.C. Council but will have to be voted on by the Events DC board Aug. 11.
Wizards owner Ted Leonsis pledged to move the team’s practices there as well as home games for the Washington Mystics and a future Wizards’ NBA D-League affiliate team. His company, Monumental Sports & Entertainment, agreed to pay $4.46 million — or 8 percent of the original $55 million cost.
But in a July 26 letter to D.C. Council Chairman Phil Mendelson, Gregory A. O’Dell, president and chief executive of Events DC, wrote that the original $55 million budget was “based on a preliminary estimate, as development and analysis of the program and concept design had not yet been performed.”
So, the District agreed to pay for a project without knowing how much it would cost and got the primary beneficiary — Leonsis — to kick in a share based on a low early estimate? It’s almost as if politicians are inept or have ulterior motives.
At least Wizards practices and WNBA games will bring plenty of new money into the community.
As Leonsis said, “There’s never been a better time to be an owner of an NBA franchise.”