With a new lease deal in place to keep the team in the New Orleans Arena, the sale of the Hornets appears closer than ever.
While we keep hearing potential dates, there is a very good one coming up next month, notes the Times-Picayune (via Sports Business Daily).
The NBA Board of Governors has a regularly scheduled spring meeting on its calendar in mid-April, and that would be the ideal time for a sale to be approved. Sources indicate the process, which on the surface has seemed to move along at a plodding pace, could accelerate in the coming days because of that window.
The sale can be approved by conference call at any time after that, but the league would like to get out of the ownership business as soon as possible
As for who the new owner will be, it looks like a previously discussed California group, but the details are in flux.
One group includes Raj Bhathal, owner of one the largest swimwear manufacturing businesses in the country, partnered with San Antonio car dealer Larry Benson, brother of Saints owner Tom Benson, and former NBA coach and executive Mike Dunleavy, who has been the front man in that faction’s negotiations.
(Gary) Chouest, the Louisiana-born owner of Edison Chouest Offshore and one-time 35-percent owner of the Hornets, is the other party the league is courting. Sources somewhat familiar with the negotiations say they would not be surprised if Chouest, in the end, is part of the ownership group in some capacity. The Bhathal consortium has courted local investors and Chouest could end up among them, as could local attorney Morris Bart, who is on record as saying he’d be willing to buy into an ownership group on a modest basis.
Basically, the sooner the better. Everyone — even David Stern — is on board with that.
Eric Bledsoe reportedly requested a trade from the Suns before the season then tweeted yesterday:
After sending home Bledsoe today, Suns general manager Ryan McDonough explained his rationale:
The hair salon! What a wonderful excuse.
Is it true? I’m not going to call Bledsoe a liar. It might be.
It’s also probably true that Bledsoe isn’t long for Phoenix.
In a shocking twist, the Suns firing Earl Watson did not end the dysfunction in Phoenix.
Chris Haynes of ESPN:
John Gambadoro of Arizona Sports 98.7:
Adrian Wojnarowski of ESPN:
That is a first-rate tweet by Bledsoe. It’s great that he’s having fun with the wild situation, because the rest of us sure are amused peering in.
This was always going to be a long season in Phoenix, but things got out of hand in a hurry. The 0-3 Suns have been outscored by 92 – the worst three-game start in NBA history by 16 points. Now, comes the fallout.
At 27, Bledsoe was getting to be a little too old for a rebuild centered on Devin Booker, Josh Jackson, Marquese Chriss, Dragan Bender and T.J. Warren. The Suns could have dealt Bledsoe in the offseason. Now, they’re negotiating from a position of weakness.
Bledsoe is a good starting point guard when healthy. He’s earning a reasonable $14.5 million this season and due $15 million in the final year of his contract next season. There should be suitors, and Phoenix can gain long-term assets while stepping up its tank.
But this sure seems like a crisis-control move more than anything else.
Knicks president Steve Mills started his second tenure talking about rebuilding and listed Willy Hernangomez as a core piece.
But Hernangomez, coming off an All-Rookie first-team season, barely played in New York’s season-opening loss to the Thunder– drawing scrutiny.
Then, he didn’t play at all in a loss to the Pistons – eliciting a strong reaction from Hernangomez himself.
Hernangomez, via Fred Kerber of the New York Post:
“The same. I’m still mad,” Hernangomez said. “I cannot help the team win if I’m sitting on the bench. Two games in a row. It’s tough. I have to wait my moment. I cannot say nothing more.”
The Knicks are moving in different directions. Management is talking about building for the future. Coach Jeff Hornacek, who was hired by previous president Phil Jackson, is trying to win now.
There’s a fine line between developing Hernangomez through playing time and making him earn his minutes. Enes Kanter and Kyle O'Quinn might be better right now.
But being marginally better this season won’t get the Knicks anywhere meaningful except lower in the lottery. On the other hand, even on rebuilding teams, winning is most important to a coach’s job security. Earl Watson implemented the Suns’ tanking scheme, and look where that got him.
Hornacek is backed into a corner, and now one of the team’s most important young players is publicly expressing his displeasure. It’s the latest troubling sign in a locker room already suspicious of Hornacek.
Suns guard Eric Bledsoe tweeted yesterday:
In light of Phoenix’s 0-3 start and Earl Watson getting fired yesterday, that sure looks like a trade request. Still, there’s risk in making assumptions about vague tweets.
John Gambadoro of Arizona Sports 98.7:
Why wouldn’t Bledsoe want out? The 27-year-old is in his prime and stuck on a young team that would rather tank than play him.
It’ll be interesting to see how Bledsoe explains the tweet. He previously paid lip service to his situation in Phoenix, but it appears he’s ready to open up. On the other hand, public trade requests typically draw fines from the NBA.