Sale of AEG could impact more than 10 NBA teams

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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.

AP source: Bulls agree to 2-year deal with Mirotic

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CHICAGO (AP) A person with knowledge of the situation says the Chicago Bulls and forward Nikola Mirotic have agreed to a two-year contract that could pay as much as $27 million.

The person spoke to The Associated Press on the condition of anonymity Sunday because the deal has not been announced. The Bulls hold an option on the second year.

The 6-foot-10 Mirotic averaged 10.6 points last season. He has scored 10.8 per game over three seasons.

The Bulls are rebuilding after winning 41 games and losing in the first round of the playoffs. They traded All-Star guard Jimmy Butler to Minnesota on draft night for three players 23 and younger – Zach LaVine, Kris Dunn and the rights to No. 7 overall pick Lauri Markkanen.

Yahoo Sports first reported the agreement.

More AP NBA: http://www.apnews.com/tag/NBAbasketball

Sparks, Lynx take part in pregame demonstrations prior to WNBA Finals

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The WNBA has been no stranger to demonstrations of social conscience in recent years. On Sunday, things were no different.

Before the Game 1 of the 2017 WNBA Finals, both the LA Sparks and Minnesota Lynx participated in their own pregame demonstrations.

The Sparks, similar to many NFL teams on on Sunday, stayed inside the locker room during the national anthem. The Lynx decided to take the court, but linked arms in their own show of solidarity.

This came in response to Trump’s recent comments about Colin Kaepernick. The former “Trump Steaks” founder called anybody who “disrespects our flag” a “son of a bitch”.

That prompted many NFL team mates to join together in their own demonstrations, either kneeling for the national anthem or staying inside their locker rooms.

Trump also decided to disinvite the Golden State Warriors after star Stephen Curry said that he would vote know heading into a team meeting to discuss whether they should visit the White House as the reigning NBA champions.

That prompted response from several players around the NBA and in Golden State, as well asWarriors coach Steve Kerr, who asked for Trump to remember that he represents the entire nation and not just his constituency.

Meanwhile, Game 1 of the Finals was pretty incredible with the Sparks winning thanks to a Chelsea Gray jumper with two seconds left to make it 85-84. LA leads Minnesota in the series 1-0.

Report: Chicago Bulls and Dwyane Wade reach agreement on buyout

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Well it finally happened.

According to Chicago Tribune, the Chicago Bulls and Dwyane Wade and have reach an agreement on a buyout.

This has been coming for some time, as it does not make sense to have Wade in the fold for a young Bulls team moving forward. Both sides seem to have been at a stalemate for some time as Wade’s salary is $23.8 million for the upcoming season.

Wade will now be free to move to another team, and many people think that he will be headed to the Cleveland Cavaliers to join his pal LeBron James.

Via Twitter:

The Cavaliers are over the cap, so the only deal Wade would be able to sign at the moment would be for the veteran minimum.

The full banana boat crew of Chris Paul, Carmelo Anthony, Lebron, and Wade were not been able to get on a single team this offseason, so Cleveland does seem to be the most likely option.

What Wade can bring to the Cavaliers is another question. Cleveland has relied heavily on Richard Jefferson over the past two years, so it’s not out of the ordinary for them to use a veteran often. Wade has certainly declined in recent seasons but his per-100 possession statistics show he could still be useful for a championship-level team needing a bench ball handler and scorer.

Whether he would accept that role is another thing altogether, and if role is important to Wade moving forward he could end up in a different place than with James in Cleveland.

San Antonio is another interesting place for him to land, although so to is back home in Miami. We still have yet to see where Wade will sign, but this is just yet another item to declare this NBA offseason the greatest of all-time.

Report: Knicks wanted Cavs’ Tristan Thompson in potential Carmelo Anthony trade

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Carmelo Anthony is now a member of the Oklahoma City Thunder, but save for a refusal from the Cleveland Cavaliers he could have been playing with LeBron James this season.

According to Cleveland.com, the New York Knicks apparently tried to complete a trade with the Cavaliers before settling with the Thunder.

The centerpiece of the potential trade with Cleveland would have been power forward Tristan Thompson, a favorite of LeBron. The Cavaliers apparently decided against making that trade, which is how we wound up with Anthony heading to play with Russell Westbrook and Paul George.

Via Cleveland.com:

The Knicks wanted Thompson, 26, a center who like James is represented by Rich Paul. The Cavs told them no. Thompson is under contract for three more seasons, beginning at $16.4 million this year. Cleveland was willing to do a deal that would’ve cleared some contracts off the books, such as sending Iman Shumpert ($11 million this year) and others.

New York also asked about one of Cleveland’s two first-round choices for 2018, and the Cavs weren’t about to part with either.

The Cavs view the Brooklyn pick they own for 2018 as invaluable for multiple reasons. Trading the Knicks their own first-round pick would prevent them from being able to move the Brooklyn pick later this season.

Obviously an important backstory here is how much LeBron likes Thompson, and that they share the same agent. Thompson remains a somewhat underrated part of the Cavaliers overall success during the regular season.

Thompson played much of the year at center for the Cavaliers last year, apparently making it his permanent position. Cleveland’s roster without Thompson but with both Kevin Love and Carmelo would have been an odd mix, forcing Love to likely be the person to play the 5.

It makes sense that the Knicks would want to Thompson, and it also makes sense that the Cavaliers refused.