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.
SALT LAKE CITY (AP) — Martin Schiller has been named coach of the Salt Lake City Stars, the Utah Jazz’s NBA G League affiliate.
Schiller previously served as an assistant coach of MHP Riesen Ludwigsburg in Germany and replaces Dean Cooper. He was an assistant coach for the Artland Dragons from 2010-15.
Schiller has also been an assistant coach on the German National Team since 2015, where he worked with Jazz assistant coach Alex Jensen.
Schiller hails from Vienna, Austria, and Stars vice president of basketball operations Bart Taylor lauded him for his international experience and player development background.
The Jazz organization is known to have close relationships with the international basketball community. The Jazz currently have eight international players.
BOSTON (AP) — Newly acquired guard Kyrie Irving will wear No. 11 in Boston because the Celtics already have retired the numbers he wore in college and with the Cleveland Cavaliers.
Irving wore No. 11 at two New Jersey high schools before switching to No. 1 at Duke. He wore No. 2 with the Cavaliers for the first six years of his NBA career.
The Celtics retired No. 1 for founder and original owner Walter Brown. They retired No. 2 for former coach and general manager Red Auerbach.
In all, the Celtics have retired 21 numbers, with Paul Pierce’s No. 34 next in line for the TD Garden rafters.
Everyone in the NBA — heck, nearly everyone living in the Western hemisphere — knew Kyrie Irving wanted out of Cleveland. That should kill the Cavaliers’ leverage and make it hard to get enough quality back.
New GM Koby Altman — the guy thrust into the job when David Griffin was shown the door — pulled it off brilliantly.
That’s what I talk about in this new PBT Extra. With Isaiah Thomas and Jae Crowder, the Cavaliers remain the team to beat in the East this season. The Brooklyn Nets pick gives them flexibility going forward, whatever LeBron James decides to do next season.
First time at the plate in the big leagues and Altman crushed it to straight away center field.
The Cavaliers and Celtics played in last year’s Eastern Conference finals. The teams were widely expected to meet there again.
Yet, Cleveland and Boston just completed a blockbuster trade – Kyrie Irving for Isaiah Thomas, Jae Crowder, Ante Zizic and the Nets’ 2018 first-round pick.
That seemed odd.
In fact, it’s unprecedented.
That is an incredible fact, one which speaks to LeBron James‘ cachet. The Cavs are emphasizing this season, LeBron’s last before a player option, by loading up with veterans Thomas and Crowder. With LeBron still reigning in Cleveland, the Celtics are delaying their peak by acquiring the younger Irving.
Adding to the intrigue: the Cavs and Celtics are still favored to meet in this year’s conference finals. At minimum, they’ll face off in a(n even more) highly anticipated opening-night matchup.