Denver Nuggets v Golden State Warriors - Game Six

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.

Jarrius Robertson hits layup at Celebrity Game, hangs with Draymond Green (VIDEO)

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It’s likely you’ve seen Jarrius “J.J” Robertson before. The 14-year-old came into public view as a New Orleans Saints superfan that deals with a liver disease called biliary atresia. Robertson has shown up at NBA All-Star Weekend this year, and he’s been a big hit.

On Friday, J.J. showed up and played a spot in the 2017 NBA Celebrity Game. He even dropped a layup during gameplay.

Via Twitter:

But he’s not just been around the court. Robertson has been just about everywhere thus far, hanging out with NBA athletes, meeting Charles Barkley, and telling Russell Westbrook that the Oklahoma City Thunder need more shooters.

J.J. even hung with Draymond Green courtside, where the Golden State Warriors forward tried to trade his watch for J.J.’s chain.

Should have made the trade dude! But I’m glad he’s got run of the place.

Glenn Robinson III does his best to salvage Dunk Contest, gets victory in process

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NEW ORLEANS — This year’s NBA All-Star Dunk Contest was doomed to disappoint, it was never going to match last year’s epic battle. It started in a hole.

It never climbed out. Don’t take my word for it, check out what JaVale McGee thought.

Saturday was an underwhelming night of dunks punctuated by a couple of moments of brilliance.

The Pacers’ Glenn Robinson III had the most of those moments — which is why he won the event. His strong night started with his first dunk, which may well have been the best of the contest.

The final one from Robinson, the one that sealed the victory, may be the other best dunk of the competition — dunking over Paul George, the Pacers mascot, and a Pacers dancer.

“I originally planned for it just to be PG (Paul George),” Robinson said afterward. “I knew I had to bring out something special. We added the mascot and the cheerleader. I really just wanted to get up high and dunk that thing hard, man. My adrenaline was going. It felt like I was looking at the rim. All I knew was the crowd go crazy. I pointed like this because, man, everybody seemed to sleep on me, didn’t really think I was going to win this thing.”

Event favorite Aaron Gordon, who should have won a year ago, opened the contest with an innovative idea — a drone dunk — but he couldn’t execute it and there were a few attempts before he nailed it.

Gordon didn’t advance out of the first round, and his first dunk summed up the 2017 Dunk Contest — interesting ideas that didn’t quite pan out like planned. (To be fair, Gordon has been battling injuries recently, that may have thrown him off).

If it wasn’t going to be Gordon, a lot of people expected it to be the bouncy Suns forward Derrick Jones Jr. who won, and he reached the Finals in part thanks to this spectacular dunk that woke the Smoothie King Center up.

DeAndre Jordan was okay, but without Chris Paul throwing him lobs it didn’t quite feel the same. Jordan can dunk with such power in game, but we didn’t see that Saturday.

In the end, it was Gordon who was making the plays.

“I’m not really a known dunker,” Robinson said. “I practiced. I prepared. I know I’m a jumper. And like I said, I’m a guy that stays out of the way. But when it’s time to shine, that’s my thing. That’s what I wanted to do. I knew all along I had some things planned, and I just wanted to show the world.”

Glenn Robinson III wins underwhelming dunk contest on over-people, below-rim dunk (video)

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NEW ORLEANS — Glenn Robinson III won the dunk contest with the second-best dunk of the night, going over a few people and under the rim — a narrow path to slamming victory.

It would’ve rated as the event’s best dunk if he were truly under the rim rather than somewhat in front of it. And he did have the best body of work to win the contest.

But the best single dunk was still by runner-up Derrick Jones Jr., who went between the legs on a pass off the side of the backboard.

NBA stars shoot threes to raise $500,000 for Sager Strong Foundation in touching moment

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NEW ORLEANS — The spirit of Craig Sager is strong during All-Star weekend in The Big Easy and he’s going to get a spot in the Hall of Fame, deservedly so.

After Eric Gordon won the Three-Point Contest, he and the other finalists Kyrie Irving and Kemba Walker stayed on the court to shoot threes to raise money for the Sager Strong Foundation — they would shoot threes for a minute and for each make the foundation would get $10,000. Then they brought out help — Reggie Miller, James Harden, DeMar DeRozan, DJ Khaled, and others to knock down shots. That raised $130,000.

Stephen Curry tried to push that to $500,000, but it was Sager’s son that actually did it (with an assist from Shaquille O’Neal).

It was a touching moment for a great cause.