So much of the recent NBA lockout was really about small market owners trying to rein in the spending of big market owners in the name of mythical “competitive balance.” (I would say a lot of that was misplaced anger at bigger markets having better management, but we can debate that another day.) The Lakers and their $90 million payroll had to be stopped, so the group of Republican owners put a bunch of socialist rules in place — luxury taxes and forced revenue sharing — to slow the Lakers spending down.
But in the case of the Lakers, the question starts to become will any of that matter?
You know that the Lakers signed a massive new television deal to be the anchor of a regional sports network in Los Angeles to be launched by Time Warner in 2012. (Why the Lakers didn’t get equity in that deal confuses me, it seems a mistake on their part.) Here is a reminder of just how massive it is and how it could lead to them spending like always, via Kevin Ding of the Orange County Register.
That $5 billion is over 25 years – or it’ll be merely $4 billion over 20 years if the future option isn’t exercised. It has been widely and wrongly reported as less.
Let’s pause and appreciate how much money one club, starting next season, will get per year all to itself just from local TV: $200 million … when Forbes values the entire Milwaukee Bucks franchise at $258 million.
It leads to a very good question: whether the NBA’s new supposedly prohibitive luxury-tax penalties to start in 2013 are really going to stop the Lakers from continuing to throw money at their problems – because they’ve solved a lot of them very well that way without having this new billionaire boys’ club.
Revenue sharing plays into this — the final details of it are not yet finalized among the owners, but the Lakers are likely to have to kick $60 million a year or more to small market teams. Plus the increased luxury tax could kick the Lakers’ tax bill from $20 million to $45 million in a couple years (at last year’s spending level. That’s an extra $100 million a year or more going out the door.
But the Lakers’ annual income from local television revenue is about to jump more than $150 million a year. So what’s to stop them?
It’s good to have the Lakers’ problems.
NEW YORK (AP) — Craig Sager’s fight with leukemia will prevent the basketball sideline reporter form covering the Rio Olympics for NBC.
NBC said Thursday in a statement that the 65-year-old Sager is preparing for a third bone marrow transplant at MD Anderson Cancer Center in Houston. Sager was first diagnosed with leukemia in 2014 and announced in March that he was no longer in remission.
The Rio Games would have been Sager’s fifth Olympics.
Sager has worked for Turner Sports for 34 years. At the ESPY Awards this month, Vice President Joe Biden presented Sager with the Jimmy V Award for Perseverance.
With so much focus in recent weeks being on NBA players speaking out on social issues, it’s worth remembering that Kareem Abdul-Jabbar has been one of the most vocal athletes in America on these things for decades. The Hall of Fame and all-time leading scorer in NBA history addressed the Democratic National Convention on Thursday evening, urging voters to vote for Hillary Clinton in November, and opened his remarks by introducing himself as Michael Jordan, because “Donald Trump couldn’t tell the difference.”
You can watch the video of his speech below:
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.