Alex Meruelo

Report: Hawks sale in jeopardy due to new funding questions

3 Comments

It seemed like a good story — Alex Meruelo was to become the first Hispanic to own an NBA team, and at the same time rescue a good franchise from the clutches of a dysfunctional and unimpressive ownership group. Meruelo was the guy on the white horse, talking big and he already had a press conference as the new owner.

But it turns out, he might not have the money to buy the team.

The sale of the Hawks is in jeopardy because of concerns about Meruelo’s funding, reports Marc Stein of ESPN. Meruelo was to buy 80 percent of the Hawks for a price tag of about $300 million.

Sources told ESPN.com on Wednesday that there are concerns at the league level and within the Hawks’ current ownership group, headed by Michael Gearon Jr. and Bruce Levenson, about whether Meruelo indeed has the sufficient funds to purchase a majority stake in the franchise and operate an NBA team.

Meruelo denied this.

Said Meruelo in a statement: “I have more than ample resources to purchase and operate the Hawks in a first-class manner. I am committed to the purchase of the Atlanta Hawks. While I can’t comment on the details of the approval process, I have and will do everything I can to bring the process to a positive conclusion.”

The Atlanta Spirit would retain ownership for now, which is a punch in the gut to Hawks fans.

Like seemingly everything, this circles back to the lockout.

Part of the reason we have hardline owners pushing the lockout beyond rational limits is because many of those same owners overpaid for those franchise and were heavily leveraged in doing so. When those franchises didn’t rise in value (as they had done the previous 15 plus years) those owners couldn’t justify losing money each year. So they came in and demanded major revenue sharing and givebacks from the players so they could turn a profit.

Bringing another leveraged owner into the mix now would be a poor idea.

It is possible that Meruelo will be able to show he does have the finances in place to purchase this team. The door is not closed. But right now it appears far from a sure thing. If he is out, the Atlanta Spirit (a consortium of owners) would be looking for a new buyer. And it can’t happen fast enough for Hawks fans.

Cavaliers’ 3-point shooting was excellent. THEN, they made 25 in a game

Cleveland Cavaliers guard J.R. Smith (5) reacts after the Cavaliers beat the Atlanta Hawks 123-98 in Game 2 of a second-round NBA basketball playoff series, Wednesday, May 4, 2016, in Cleveland. Smith hit seven 3-pointers in the game. (AP Photo/Tony Dejak)
AP Photo/Tony Dejak
Leave a comment

The Cavaliers set a record for 3-pointers in a team’s first six playoff games on this Kyrie Irving shot:

Did you notice anything strange about that clip?

It came in Game 1 against the Hawks – Cleveland’s fifth playoff game.

That’s right, the Cavs needed just five games to set a record for 3s through six playoff games. Then, they piled on 25 3-pointers – a record for any NBA game – in their Game 2 win over Atlanta on Wednesday.

Cleveland’s 97 3-pointers through six postseason games absolutely crushes the previous record:

image

The difference between the Cavs and second place equals difference between second and 88th.

In fact, Cleveland has already demolished the record for 3s through EIGHT playoff games (previously 90 by the 2014-15 Hawks). Again, the Cavaliers have played just six games this postseason.

Where is all this outside output coming from? The key long-distance shot makers:

Add it all up, and the Cavs are making 16.2 3-pointers per game – which would easily set a playoff record:

image

Cleveland could make no 3-pointers in its next two games – and still rank first for 3s per game in a postseason.

Not that the Cavs appear likely to go cold from distance anytime soon.

Their stars generate open looks and make 3s themselves. Smith is an unrepentant gunner, and he’s feeling it.

These are the Cavaliers as scary as they get.

John Wall undergoes surgery on both knees, expected to be ready for start of next season

Washington Wizards guard John Wall speaks during a media availability before an NBA basketball game against the Atlanta Hawks, Wednesday, April 13, 2016, in Washington. (AP Photo/Nick Wass)
AP Photo/Nick Wass
Leave a comment

John Wall tried putting the Wizards on his back and carrying them into the playoffs.

Washington fell short, but the process still took a toll.

Wizards release:

The Washington Wizards announced that guard John Wall underwent a successful procedure today to excise calcific deposits in his left patella tendon in order to eliminate pain and assist healing.  He will begin the rehabilitation process immediately and is expected to be available for the start of the 2016-17 season.  Wall also underwent an arthroscopic lavage on his right knee in order to remove loose bodies.

If the Wizards are just using the next date most fans care about, this might not be such a big deal. That would open the door for Wall being healthy at any point over the summer.

But if the start of next season is his targeted return, that’s more troubling. Sitting an entire offseason is a big deal, and that means potential complications are more likely to cause him to miss games. It’s also a worse indicator for his long-term health.

As the Wizards enter free agency primed to spend, the last thing they need are questions about the length of their franchise player’s prime.

Larry Bird shows courage in his convictions by firing Frank Vogel

Larry Bird, Frank Vogel
AP Photo/Michael Conroy
5 Comments

Larry Bird sounded cruel.

The Pacers president announced to the world that Frank Vogel begged for his job. Not only did he oust the coach anyway, Bird seemed to toy with him at a press conference today. Asked what he’d tell someone checking Vogel’s references, Bird answered with a resounding: “He’s the best.” What will Bird look for in the Pacers’ next coach? The same things that led him to Vogel during the last search.

So why did Bird fire Vogel?

“My experience has been good coaches leave after three years,” Bird said.

And maybe Bird is cruel, foolish, self-absorbed or any other adjective being thrown at him today.

But also realize he sincerely believes this.

After all, he also ousted a coach who went 147-67, reached two conference finals and an NBA Finals and won Coach of the Year in his three-year tenure.

Himself.

Bird coached Indiana from 1997-2000, and even though he guided the team to the 2000 NBA Finals, he still stepped down after that third season.

“Three years is enough for a coach in any one place” Bird said he told the Pacers when they hired him.

Despite all his success, he stuck to it.

Bird said he spoke to Red Auerbach about the value of coaching turnover, and Boston had plenty. Bill Fitch got four years at the helm of Bird’s Celtics, K.C. Jones five – “nicest man I ever met, and they let him go, and we were having success,” Bird said – Jimmy Rodgers two and Chris Ford two (and another three after Bird retired).

Vogel coached Indiana five-and-a-half years.

“That’s a long time for me for a coach,” Bird said.

As so many teams across the NBA chase continuity, Bird actively rejects it – maybe to his detriment. Five of the six longest-tenured coaches in the league are still alive in the playoffs: Gregg Popovich (Spurs), Erik Spoelstra (Heat), Dwane Casey (Raptors), Terry Stotts (Trail Blazers) and Mike Budenholzer (Hawks). The Mavericks’ Rick Carlisle is the exception.

Bird just doesn’t want to follow that model.

“Every day the same voice and the same, I think guys sometimes tune that out,” Bird said. “It happens. It’s unfortunate.”

It is unfortunate, and it cost Vogel a job he appeared to be succeeding in and wanted to keep. You can wonder whether Bird and not just players tired of Vogel’s message, even if it were a wise one. Bird clearly believes he can assemble a roster, and he has own ideas about how he wants it coached (small, up-tempo, dynamic).

But don’t wonder about Bird’s intentions when he brings up three-year term limits for coaches.

Right or wrong, he believes in them.

Larry Bird: Kevin McHale won’t coach Pacers

Larry Bird
AP Photo/Michael Conroy
4 Comments

1. Kevin McHale withdrew from the Kings’ coaching search.

2. The Pacers fired Frank Vogel.

Will McHale reunite with former Celtics teammate Larry Bird in Indiana?

“I would not do that to Kevin, have him to work for me,”Bird said at a press conference today. “That’s just not fair. I respect the man too much, and we’ve been through too many battles together to bring him in here and be my coach. I would love for him to be my coach, but it ain’t going to happen, because our relationship.”

It would have been compelling to watch Bird and McHale work together, but I’m not convinced McHale is the best coach available – though that’s not the only concern.

After all, Bird just ousted someone who might be a better coach than any replacement.