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Thanks to lockout, Heat owner has a lot of LeBron’s money


Sometimes, you really wonder about the people who advise LeBron James. And Dwyane Wade and Chris Bosh, in this case.

Let’s take a step back. Remember how earlier today we passed along information about the Heat’s Mike Miller selling his Miami area home, and how that is a sign he (and everyone else) thinks the amnesty clause will be used on him once the lockout ends? Well, Brian Windhorst tells the same story over at ESPN.

But he adds this fascinating detail.

Heat owner Micky Arison is worth more than $4 billion and his sitting on a massive lump of money from thousands of season ticket holders who’ve paid in full. Not to mention he didn’t have to pay LeBron James, Dwyane Wade and Chris Bosh their July balloon payments. James, sources said, was owed a $12 million check in July as part of his contract that allowed him to get 80 percent of his annual salary up front. That cash is still sitting in the Heat’s coffers. Yet the Heat’s employees are all swallowing 25 percent paycuts right now because of the lockout. We infer from this exactly what Arison has proven for years: he’s a businessman not just a billionaire.

Everyone — even the most optimistic people in the league — knew there was going to be a lockout and it was going to last through the summer. (The optimists thought no games would be lost.)

So how did anyone approve a July 1 balloon payment that wouldn’t be made for months, at best? The league had been telling players to space out their payments from last season (if your contract had the team paying you for last season into the summer, that was fine, it is payment for services delivered). But the big three went with the big balloon payments.

How u, Miami?

Hezonja throws down one-handed dunk in preseason debut

Orlando Magic Introduce 2015 NBA Draft Picks
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Mario Hezonja, the No. 5 pick in this year’s draft, has never lacked for confidence. The Croatian guard made his pro debut in the Magic’s preseason game against the Hornets on Saturday and did this:

Between Hezonja, Elfrid Payton, Victor Oladipo and Aaron Gordon, the Magic have a nucleus of young players that has the potential to be a lot of fun. Even if they’re still a few years away from contending, they’re definitely going to be a League Pass favorite this year.

Michael Kidd-Gilchrist suffers dislocated shoulder in preseason game

Michael Kidd-Gilchrist, Solomon Hill
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Preseason is only just getting underway and there’s already a potentially serious injury to report. In the game between the Hornets and Magic on Saturday night, Michael Kidd-Gilchrist was taken to the locker room after suffering a right shoulder injury. The Hornets announced that he was then taken to an Orlando-area hospital for follow-up x-rays:

A few hours after the game, the Hornets announced that Kidd-Gilchrist has a dislocated shoulder:

Depending on the severity of the injury, he could miss a few weeks or a few months. Hopefully, it’s the shorter end of that timeline. We should know more on Sunday.