We told you over the weekend that the NBA’s other owners had approved the sale of the Philadelphia 76ers to New York billionaire Joshua Harris and investors.
Now the league has made official what everyone already knew, sending out an announcement of the sale Tuesday morning.
“We are delighted that the NBA’s Board of Governors has approved Josh Harris and David Blitzer’s purchase of the 76ers,” said NBA Commissioner David Stern in a released statement. “Comcast-Spectacor, led by Ed Snider, has been an exceptional owner for the Sixers, continuing the team’s rich history and tradition. Josh and David bring vast business experience that will greatly benefit the team as it continues to grow both on and off the court.”
“My partners and I are thrilled to have become owners of the Sixers,” Harris said in a statement released by the team Tuesday morning. “It is an honor to become part of this storied franchise. We have a lot of work to do, but we have a rich history, a strong foundation and a bright future.”
Congratulations Mr. Harris on the purchase of your team that cannot play basketball right now. That must feel special.
Sixers’ fans will welcome the new owners — former owner Snider (through his company Comcast-Spectacor) was seen as a hockey fan who happened to own a basketball team. It was good for the building he owned (the Wells Fargo Center, where the Sixers will remain tenants) and the cable station, but it was not his passion.
Harris has Philly ties, he graduated from the Wharton School of Business at the University of Pennsylvania.
We’ll see what kind of owner Harris will be. He takes over a team that took some steps forward last season under Doug Collins and has some young talent, but also has questions about direction and how to build. And what to do with Andre Iguodala.
A year ago, Reggie Jackson looked like the future paired with Andre Drummond in Detroit. But since he came back from injury this season things have not meshed as well — the Pistons are being outscored by 8.1 points per 100 possessions when those two are on the court together.
Minnesota is loaded with young talent, but they need some floor spacing shooting and the sense there is a different feel from the point guard spot than Ricky Rubio is providing.
So, maybe the two sides swap problems? Marc Stein and Chris Haynes of ESPN report the two sides are talking.
The Minnesota Timberwolves and Detroit Pistons have discussed a potential swap of point guards Ricky Rubio and Reggie Jackson, according to league sources.
Sources told ESPN that no deal appeared imminent Friday but said the teams have engaged in dialogue this week on a potential multiplayer exchange that would be headlined by Rubio and Jackson….
The Wolves have been openly trying to move Rubio for some time and reportedly are willing to attach swingman Shabazz Muhammad to offers featuring the veteran Spanish point guard.
At first glance, I don’t love the fit of Rubio in Detroit — if you’re going to play four out with Drummond in the middle, you need shooters and Rubio is a step back from Jackson there. Actually, several steps back — Jackson is shooting 37 percent from three this season, Rubio 24 percent.
However, to actually evaluate this deal I’d need to see who else is involved because this would expand to multiple players.
Down just three points 13.7 seconds left in the game, the Knicks needed a three. Carmelo Anthony had the ball and passed to an open Courtney Lee, who passed up a clean look at a three-pointer, instead passing to Brandon Jennings, who turned the ball over, and the Wizards got the win. Lee said after the game he passed because he felt someone near him.
I’m looking at Oubre closing out next to me, and I’m hearing somebody right next to me saying, “I’m here. I’m here. I got your stunt. I got your stunt.” And, so I don’t shoot it. I drop the ball, thinking it is going to be a double closeout. And then I try to make a play to Brandon, and I think he bobbled the ball a little bit, and that’s the end of the game….
I thought it was one of their players because you’re getting ready to shoot – in my peripheral you see a body right there, and he’s saying, “I’m right here. I’m right here. I got your stunt.” Usually in basketball terminology, that’s we’ll switch or I am going to jump out. So, I shot-faked and drove. But I still should have shot the shot.
Turns out the guy on the court making those comments was Wizards assistant coach Sidney Lowe. The Last Two-Minute Report on the officiating said the referees missed the call and Lowe should have been called for a technical for being on the court and trying to impact the play.
The league took that one step further — Lowe was fined $5,000 and the Wizards’ organization $15,000 for “Lowe’s standing on the playing court and potentially impacting game action.”
Hopefully, this is the first step in the league and referees cracking down on coaches stepping on to the court. Look for it during a game, some teams do it a lot.
This is how the salary cap game is played.
Mo Williams is dead money, owed $2.2 million this season by the Cleveland Cavaliers, he decided he didn’t want to play anymore. The Cavaliers kept Williams on the roster and the books in case they could use that salary in a trade, and they did shipping him to Atlanta as a throw in with the Kyle Korver trade. Atlanta then traded him to Denver, because the Nuggets wanted to add $2.2 million to their payroll and bring them closer to the salary floor. But they didn’t want him on the roster, so they waived him.
Enter the Philadephia 76ers.
But the Sixers were not done.
Now we see if one of the handful of teams with a worse record than the Sixers decides they would rather have the salary on their books.
To be clear, teams under the salary floor still have to pay that money to the players. Let’s say a team ends up $2 million under that floor, then the team pays $2 million to be divided among the players on that roster. So, bringing in a player like Williams just saves them cash.
The Knicks were down 113-110 with just 13.7 seconds remaining when Carmelo Anthony passed to an open Courtney Lee, who passed up a clean look at a 3-pointer from the corner, instead passing to Brandon Jennings, who turned the ball over, and the Wizards got the win.
After the game, Lee said he didn’t shoot because he felt and heard what he thought was a defender near him, but it turned out to be Wizards assistant coach Sidney Lowe, who came onto the court and barked words implying he was switching out onto Lee.
The NBA’s Last Two Minutes Report sides with Lee, saying the Wizards should have gotten a technical. From the report:
A WAS assistant coach stands on the floor close to Lee (NYK) for several seconds and should have been assessed a technical foul.
This is an area the NBA needs to crack down on, coaches walk out onto the court all the time. Far too often. Frankly, I have an issue with coaches on the bench stomping their feet or yelling at shooters near their sideline, but Lowe took it a step further.
Much like telling a six-year-old to stop licking their shoes this isn’t something NBA officials should have to deal with, it should be common sense, but the league needs to crack down on coaches stepping onto the court. Maybe this will push the league to start enforcing that rule.