Report: Warriors franchise value reaches $800 million

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When Joe Lacob and Peter Gruber paid $450 million for the Golden State Warriors back in 2010, many thought they overpaid substantially for one of the NBA’s more downtrodden franchises.

The Warriors, after all, had just two winning seasons in the past 16 years up until that point, and while they’ve managed to retain one of the more passionate fan bases in the league, the location of the team in Oakland didn’t seem to be all that appealing to those observing from the outside.

It’s amazing how quickly perceptions can change. And with new Kings owner Vivek Ranadive forced to sell his minority share in the Warriors, the franchise’s valuation has nearly doubled in just three short years.

From ESPN.com:

Less than three years after the two agreed to pay the highest price ever for an NBA franchise, the team is now valued at $800 million, according to a source with knowledge of the terms.

The new valuation comes from the price Silicon Valley venture capitalist Mark Stevens agreed to pay for a share of the team that was made available when former partner Vivek Ranadive had to sell it to buy the Sacramento Kings in May.

In a way, Ranadive’s agreement to pay about $550 million for 72 percent of the Kings and their existing arena helped his old partners sell their stake for even more. The $800 million number is still surprising, given that Forbes magazine valued the Warriors in January at $555 million. Warriors spokesman Raymond Ridder declined to comment on the new valuation or the percentage that Stevens bought.

Franchise valuations are a tricky thing, because all you can do is estimate what the price tag might be, based on what other franchises have sold for in recent transactions.

What can never be truly accounted for, however. is what someone might be willing to pay for even a share in an NBA franchise under the right set of circumstances. In the case of the Warriors, they’ve quite suddenly become one of the more attractive teams to buy into, and their current value is now reflective of that.

Donovan Mitchell tells Thunder fans, Jazz teammates Utah not returning to Oklahoma City this season

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The Jazz blew a 25-point second-half lead in Game 5 last night, extending their series with the Thunder. Up 3-2, the Jazz are still in control. They can close out in Game 6 tomorrow in Utah. Blow that, and they must return to Oklahoma City for Game 7 Sunday.

But Utah rookie Donovan Mitchell is making it abundantly clear he doesn’t plan to do that.

Gabe Ikard of The Franchise 107.7:

Jake Edmonds of KUTV:

A confident proclamation that rallies his team or youthful exuberance run amok?

The narrative will be decided after Game 6. That’s just how this is done.

Report: Grizzlies moving toward keeping J.B. Bickerstaff as coach

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From the moment Robert Pera opted to retain control of the Grizzlies and end a prolonged ownership saga, it seemed interim coach J.B. Bickerstaff would remain Memphis’ coach.

Lo and behold…

Shams Charania of Yahoo Sports:

Bickerstaff did a decent job before the Grizzlies started tanking. But that was a small a sample, and his prior work as Rockets interim coach was uninspiring.

To be fair to Bickerstaff, those were both difficult situations. He’s an experienced assistant who might be ready for this challenge.

To be less fair to Bickerstaff, this looks like Memphis taking the cheap route. The Grizzlies didn’t appear to conduct much of a coaching search, if any. Nor has Bickerstaff been mentioned with other openings. It probably won’t cost as much to hire him as it would a more-established option.

Memphis seems to be operating under the belief that a healthy Mike Conley and Marc Gasol will right the ship next season. And they might. But given the age and injury history of those two, I wouldn’t assume they stay healthy and productive all season. Even if they do, they’d have to carry an underwhelming supporting cast – with limited room for upgrade this summer – in a deep Western Conference.

The Grizzlies want Bickerstaff, who’d be a first-time non-interim head coach, leading that team trying to win now? That doesn’t seem like the right risk-reward balance – at least until considering his salary, and even then.

Rumor: 76ers increasingly confident about signing LeBron James

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LeBron James-76ers rumors have been mainstream for the better part of the year.

And they’re not going anywhere.

Marc Stein of The New York Times in his newsletter:

I now fully understand why whispers about the Philadelphia 76ers and their growing behind-the-scenes confidence that they can woo LeBron to Philly this summer are getting louder.

Why shouldn’t they be increasingly confident? Led by Joel Embiid and Ben Simmons, the 76ers have already won a playoff series. The Cavaliers are mired in a tight first-round series with the Pacers, and LeBron’s supporting cast has mostly stunk.

This has the makings of LeBron’s previous free agencies – when he left barren Cleveland for Dwyane Wade and Chris Bosh with the Heat in 2010, when he left aging Miami for Kyrie Irving and Kevin Love with the Cavaliers in 2014. Whatever motivations and narratives attached to LeBron’s decisions, he has left sinking teams for better-positioned ones.

The 76ers are good enough to fit that. They also have the cap flexibility to acquire him without sacrificing roster strength.

That LeBron has positioned himself as a mentor to Simmons – who shares an agent, Rich Paul, with LeBron – would only make signing with Philadelphia easier. LeBron could sell the narrative of teaching and grooming Simmons. LeBron, who cares about his legacy, must explain why he’s again leaving his hometown team in a way that won’t alienate everyone – not easy considering his homecoming message upon his return. Working first-hand with his protégé would look understandable, maybe even commendable.

All that said, growing confidence could be going from a 1% chance to a 10% chance. That’d be a 10-fold increase while leaving Philadelphia a big underdog.

LeBron’s free agency is still a huge unknown – including, at least in part, to LeBron himself. But I believe he has already started to consider options, even if he hasn’t made up his mind. And when that happens, signs could emerge behind the scenes. Perhaps, the 76ers have a read on those.

Or maybe they’re seeing what we’re all seeing: The 76ers are rising while the Cavs are just trying to keep their heads above water. Which situation would LeBron choose?

Victor Oladipo on his final shot: “It was a goaltend”

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Ultimately, the NBA’s Last Two Minute Report will back up Victor Oladipo — it was a goaltend.

With the score tied 95-95 and just six seconds left in the game Wednesday night, Oladipo attacked LeBron James in isolation, and like so many before him thought he was past LeBron only to have a chase down block from behind end his bid — except video replays shows Oladipo laid the ball off the backboard a fraction of a second before LeBron blocked it. That makes it a goaltend, a defender cannot block a shot that has already touched the backboard. Check out the slow-mo video.

The officials didn’t call it that way on the court, and the play is only eligible for video review if a goaltend is called (to be fair to the officials, that was an incredibly close play that is very difficult to call in real time). From there, LeBron went on to hit the dramatic game-winning three that gave Cleveland the win and a 3-2 series lead.

After the game, Oladipo and his teammates were pissed about the no-call.

“I got a step on him,” Oladipo said via the Associated Press. “I felt like I even got grabbed on the way to the rim, tried to shoot a layup, it hit the backboard, then he blocked it. It was a goaltend. It’s hard to even speak on it. It just sucks, honestly. It really sucks. Even though we fought our way back, we tied the game up, that layup was huge.

“Give him credit where credit is due. The three was big-time. Definitely huge. But who’s to say they even run that play? We don’t know what happens. It’s unfortunate. It really sucks that they missed that.”

LeBron didn’t see it that way.

“Of course I didn’t think it was a goaltend. I try to make plays like that all the time and I mean he made a heck of a move, got me leaning right and he went left and I just tried to use my recovery speed and get back up there and make a play on the ball. And I was able to make a play.”

We’ll see what the Last Two Minute Report says, but to my eyes that was a goaltend, it clearly comes off the backboard.

That call is also not why Indiana lost. If Pacers’ fans want to place blame, Oladipo going 2-of-15 on the night was a bigger issue. Or Darren Collison having an off night and going 1-of-5 from the floor. Or maybe it’s just the fact that LeBron James is the best player in the game and can drop 44 on the Pacers — including the three that may well have made the goaltend moot anyway — and Indiana can’t stop it. One call late does not by itself decide a 48-minute game.

But it was a goaltend.