We told you a few days ago that Joshua Harris and the rest of the Sixers ownership group was closing in on a deal to purchase the New Jersey Devils of the NHL.
They should cross that finish line and have the deal announced Thursday, reports John Gonzalez at CSNPhilly.com. The Prudential Center in Newark where the Sixers played (and the Nets did briefly) would be part of the deal.
The report adds that Sixers CEO Scott O’Neil will have the same role with the Devils, he will oversee both franchises.
The purchase price of the Sixers is not known (yet). Forbes estimated them at $205 million but teams have been sold for much more than those projections recently. There is also the question of how much debt the Harris group takes on in this deal — current Devils owner Jeff Vanderbeek is reportedly $230 million in debt. Harris and his group will take on likely most of that.
This in no way means the Sixers are moving — their lease has them locked in Philly for a long time.
What would this mean for the Sixers? Probably nothing. While there are some efficiencies of scale that owning two professional sports franchises can provide on the business side, there should be no impact in basketball operations. That’s where Sam Hinkie has undertaken a “getting worse to get better” philosophy, and has hired coach Brett Brown to oversee the rebuild.
Von Wafer was the quintessential gunner without a conscious during his six NBA seasons. He never saw a shot he didn’t like.His propensity to shoot rather than make the right basketball play is why he bounced around the league for six seasons. Well, that and his locker room fights and throwing of chairs and the like.
Wafer looks back on that and winces.
And he went to Twitter to beg for another chance, despite not having been in the league since 2012. The message came after a tweet showing part of his last workout.
Wafer is now 31 and last set foot on an NBA court in 2012, having played in China, Russia, Puerto Rico, and the D-League since them. We’ll politely call his comeback attempt a longshot.
But a guy who can shoot the rock asking for one more chance? We know there will be worse and stranger camp invites.
(Hat tip Ball Don’t Lie).
There are a handful of true game-changing players in the NBA. Not max players, there are a chunk of those, we’re talking “you can build a contender around him” guys. Kevin Durant is one, and he is headed to Golden State.
Stephen Curry is another. And he is a free agent next summer. So many teams — including one contender — are ready if the Durant/Curry relationship goes south, reports Ric Bucher of Bleacher Report.
Again, there are not many Curry level players; teams should have a “what if” plan. Including contenders.
That is very different than saying Curry is going to leave the Warriors — nobody around the league sees that as likely. Nobody expects a “poisonous” Durant/Curry relationship. Everyone expects Curry to re-sign for the max with the Warriors. The man just recruited Durant, now he’s going to bolt?
But like a Boy Scout, a team is always prepared. So they should have that plan, just don’t count on it for a primary option.
Rudy Gay complained about how the Kings are handling the trade rumors swirling around him.
Sacramento general manager Vlade Divac, via James Ham of CSN California:
“He has my number,” Divac told CSN California. “If I do something, I will call him. Obviously, if I didn’t call him, we didn’t do anything.”
“Look, I was a player, 16-17 years in the league, nobody called me everyday and tell me what management is doing,” Divac said. “Management was doing their job. If something big happened, they called and told me. Obviously, nothing big happened (so) I’m not going to call anybody.”
I suppose Divac can take that tack. He’s obviously not obligated to provide Gay regular updates.
But the Kings already have a reputation for putting their players in bleak positions. This doesn’t help.
Even if Divac feels calling Gay is going out of his way, so what? The alternative — Gay either coming to training camp unhappy or spreading word of Sacramento’s mistreatment of players to his new teammates after a trade — is far worse.
It’s not enough for Divac to just wait for Gay to call him — especially because Divac might not be as reliable with the phone as he thinks.
The National Basketball Players Association has talked for more than a year about covering medical expenses for retired players.
Today, the union announced a formal plan.
The National Basketball Players Association (NBPA) announced today that its player representatives have voted unanimously to fund health insurance for all retired NBA players with at least three years of service in the league. This program is the first of its kind among North American professional sports. It also exemplifies the NBPA’s focus on the health and welfare of its current, retired and future members.
“The game has never before been more popular, and all the players in our league today recognize that we’re only in this position because of the hard work and dedication of the men who came before us,” said Chris Paul, NBPA President and nine-time All-Star. “It’s important that we take care of our entire extended NBA family, and I’m proud of my fellow players for taking this unprecedented step to ensure the health and well-being of our predecessors.”
The unanimous vote – which took place during the NBPA Summer Meeting in New York on June 26 – established a multi-faceted health insurance program through UnitedHealthcare, the country’s leading health benefits provider. The current proposal includes:
Retired players with between three and six years of NBA service time but who are not yet eligible for Medicare would be offered a plan that includes medical, hospital and prescription drug coverage with modest out-of-pocket costs for deductibles and co-pays;
Those with between seven and nine years of service would be offered the same coverage with even lower out-of-pocket costs;
Retired players with at least 10 years of service would be offered the same coverage as the seven-to-nine year players, and would include coverage for their entire family;
Retired players with three-nine years of service who are eligible for Medicare would be offered a $0 deductible and $0 co-pay plan along with a low-cost prescription drug plan; those with 10+ years of service to receive this coverage for themselves and their spouse.
The open enrollment period for retired players would begin this fall, with coverage beginning on January 1, 2017.
This is a good thing.
It also could become a bargaining point in Collective Bargaining Agreement negotiations. Should current players face the entire burden of insuring retired players, or should owners split the cost? (The fact that the question is even being posed paints players in a positive light.)
But back to the bigger point: This is a good thing. It’ll help retired players who need it, retired players who helped position the current generation to afford this. Kudos to the union for stepping up.