Sale of AEG could impact more than 10 NBA teams

5 Comments

Tuesday night when we mentioned that AEG was for sale — that would be the entertainment and sports subsidiary of The Anschutz Co., run by Denver billionaire Philip Anschutz — the focus was on Los Angeles basketball. And with reason — AEG owns 40 percent of the Los Angeles Lakers plus the Staples Center where both the Lakers and Clippers play. Really, AEG is the driving force behind every major sport in Los Angeles except USC football.

But the impact of an AEG sale on the NBA is much, much bigger than just in Los Angeles. And if the units are not sold as one but are broken up into parts, things could get very interesting.

Henry Abbott at TrueHoop put together a partial list of teams that play in AEG buildings — the Spurs, Timberwolves, Nets (the new Barclays Center is part them), Grizzlies, Warriors, Blazers, Lakers, Clippers, Heat and Bobcats. AEG runs the Sprint Center in Kansas City, which is NBA team ready, all they need is a billionaire ready to buy and move a team there. AEG runs the arena in Louisville where they want to draw an NBA team. AEG owns and operates the O2 arena in London where NBA preseason games are a regular occurrence.

And that is a partial, condensed list.

AEG’s holdings go well beyond just the NBA and its buildings. They own Major League Soccer teams and buildings, they own movie theaters and shopping/entertainment centers (such as the LA Live facility across the street from Staples Center in Los Angeles). They own convention centers all over the globe.

AEG’s stated goal is to find one buyer to take over the entire company, a multi-billion dollar transaction. It is entirely possible that no one company wants all of it, instead the thing could be split up into a variety of smaller sales.

For example, the Los Angeles Times suggests the Madison Square Garden company would have interest in owning the Staples Center, the 40 percent of the Los Angeles Lakers, the NHL’s Kings (also owned by AEG) and maybe other stadiums. Which would be awesome, then James Dolan could let Isiah Thomas run the Kings.

The point is we’ll be following this, because a whole lot of NBA teams could be impacted by what happens with this sale.

Bulls claim PG Kay Felder off waivers

Jason Miller/Getty Images
Leave a comment

The Bulls’ point-guard position is a quagmire.

Kris Dunn and Cameron Payne are both injured (and not necessarily good). Jerian Grant is maybe an adequate backup pressed into starting. Ryan Arcidiacono is on a two-way contract.

Enter Kay Felder.

Bulls release:

The Chicago Bulls announced today that the team has waived forward Jarell Eddie and center Diamond Stone, and claimed guard Kay Felder off waivers.

Felder was waived by the Hawks, who acquired him in a salary-dump trade from the Cavaliers. Cleveland drafted Felder No. 54 last year, but ran out of roster spots this year.

Felder is only a moderate prospect. He impressed in the D-League, but at 5-foot-9, he has significant limitations. (His size also makes him incredibly fun to watch when he gets rolling.)

For Chicago, he’s a quite-noteworthy addition.

LeBron James: ‘I still got Pandora with commercials’

1 Comment

Dwyane Wade revealed last year that LeBron James refuses to use his phone internationally unless he’s on Wi-Fi.

LeBron’s friend and new Cavaliers teammate again brought up that claim, and LeBron confirmed – then went even further about his own cheapness.

LeBron in a joint interview with Wade on ESPN:

No. I’m not doing that. I’m not turning on data roaming. I’m not buying no apps. I still got Pandora with commercials.

LeBron – he’s just like us!

As funny as that line is, keep watching to see LeBron hilariously explain how his hairline affects his interviews.

PBT Extra: LeBron as MVP and other NBA postseason award predictions

Leave a comment

Last year, Russell Westbrook had a historic season on his way to the MVP award, with James Harden and Kawhi Leonard right on his heels. But heading into this season, the dynamic for MVP — and many of the NBA awards — feels very different and wide open.

In this latest PBT Extra, I lay out my preseason predictions for every award — LeBron James for MVP, Ben Simmons for Rookie of the Year, and on down the list. There are a few leaps and surprises in there (predicting Most Improved or Sixth Man before the season is a crap shoot, so why not gamble).

Now the predictions season is over, let’s get on to the games.

Jazz: Dante Exum undergoing surgery after shoulder injury

Mike Ehrmann/Getty Images
2 Comments

Jazz point guard Dante Exum hurt his shoulder in a preseason game – an injury that immediately looked like it could be season-ending.

Though Utah doesn’t outright say Exum is done for the year, this doesn’t engender much hope.

Jazz release:

The following is a medical update on Utah Jazz guard Danté Exum who suffered a separated left shoulder on October 6 vs. Phoenix.

After further evaluation, Exum (6-6, 190, Australia) has elected to undergo surgery to stabilize the AC joint of his left shoulder. The surgery is scheduled to take place Tuesday, October 24 in Los Angeles. Further updates will be provided when appropriate.

Exum (obviously) didn’t receive a contract extension before today’s deadline, so he’ll become a free agent next summer. After one full missed season already and two years of limited effectiveness, it’s not even clear Utah will extend Exum a qualifying offer to make him a restricted free agent. The former No. 5 pick almost certainly won’t meet the starter criteria, which means his qualifying offer would be worth $4,333,931 (down from $6,619,903 based on his draft slot).

The Jazz will start Ricky Rubio, and Raul Neto will be the primary point guard behind him. Wings Rodney Hood, Alec Burks, Donovan Mitchell and Joe Ingles can all share facilitating duties.

Utah will probably be just fine without Exum this season, which speaks to his marginal place long-term.