The Kings stood by Power Balance when the company filed bankruptcy. Because the Kings can’t turn their back on anybody who might give them money right now.
But it looks like the Kings will not be seeing any more money from Power Balance and the company name may come off the Sacramento arena where the Kings play, reports CSNBayArea.com.
The Sacramento Bee is reporting that Power Balance LLC, which filed for bankruptcy protection last month, will likely be sold as a result and court papers say the potential buyer isn’t interested in maintaining the marketing deal with the Kings…
It is possible that Hanyang LLC, the company reported as the frontrunner to buy Power Balance, could retain the contract with the Kings, or another company could outbid Hanyang and keep the current naming deal with the Kings intact.
Power Balance makes wristbands for athletes that are supposed to provide more balance and strength, but there are very serious questions about the validity of the company’s claims.
The Kings will not be in this arena long, one way or another. The city of Sacramento has until March to come up with a viable plan for a new arena and a way to finance it or the Maloof Brothers, who own the Kings, will pretty much be given free rein to move the team to Anaheim. The Maloofs wanted to do that last year but the other owners blocked the move to give Sacramento one more chance to get a new building (something that was smart business due to the lockout).
Warriors center Anderson Varejao will miss the Rio Olympics due to a back injury.
Where will Team Brazil turn now?
Likely to Bulls center Cristiano Felicio.
Marc Stein of ESPN:
Felicio came on strong late last season. He puts his 6-foot-10, 275-pound frame to good use protecting the paint and rebounding. He showed potential as passer and mid-range shooter, too.
At age 24, he’s a candidate to break out in the Olympics.
If he’s not ready, Brazil can turn to a steady veteran at center, Nene.
Blake Griffin broke his hand punching Clippers equipment manager Matias Testi in January.
Make that former Clippers equipment manager Matias Testi.
The L.A. Clippers equipment staffer who was punched in the face by Blake Griffin during a fight in Toronto earlier this year is off the team — and will NOT be back for the ’16/’17 season … TMZ Sports has learned.
We spoke with a rep for the Clippers who confirmed Matias Testi “no longer works for the team.”
The report that Kevin Durant told Russell Westbrook he’d re-sign with the Thunder before choosing the Warriors?
Royce Young of ESPN:
I misspoke in saying that Durant specifically told Westbrook he was coming back.
OAKLAND, Calif. (AP) — Center Anderson Varejao will miss the Olympics for host Brazil because of a herniated disc in his lower back.
The Golden State Warriors announced the injury Wednesday and say that Varejao should be ready for the start of training camp but will not be healthy enough to play in the Olympics. Varejao recently experienced back pain while training with the Brazilian National Team and returned to California to be examined by Dr. Robert Watkins earlier this week.
Varejao averaged 2.6 points and 2.3 rebounds in 22 games after signing with the Warriors on Feb. 22. He re-signed with the team earlier this month.