Knicks season-ticket renewal rate exceeds 97 percent

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The Knicks played an exciting if ultimately flawed brand of basketball last season, and finished with the second best record in the Eastern Conference behind only the eventual champion Miami Heat.

New York has retained its best players, and added some depth in the form of Andrea Bargnani, Metta World Peace, and Beno Udrih to the roster.

The team is not necessarily being projected by most to finish as high as it did a season ago, but based on last year’s success, the faithful that were in it for the long haul aren’t looking to jump off of the bandwagon any time soon.

From Marc Berman of the New York Post:

According to data that will be announced publicly Wednesday on the Garden’s earnings call, the Knicks’ season-ticket renewal rate skyrocketed to more than 97 percent – the highest renewal rate for the club in more than 10 years. Last year’s renewal rate was 95 percent.

Part of that boost may be the notion this is their last, best crack at legitimately competing for a championship in what could be Carmelo Anthony’s last season as a Knick. The increase occurred despite a 6.4 percent average ticket price hike due to the last stage of the arena’s $1 billion, three-year transformation.

It’s worth noting that this isn’t necessarily a reflection of a team’s fan base, given that a large percentage of season tickets, especially the ones closest to the court, are purchased by corporations and used for entertainment purposes. And the better the product is, the more enticing those trips to the arena can be for a company’s current or potential clients.

As for the part about it potentially being Anthony’s last season there, even though he could choose to become an unrestricted free agent next summer, it’s far too early to get into all of that now, and it’s highly unlikely that anyone based their buying decision on the notion that the upcoming year in New York might somehow end up being Anthony’s last.

But with all of that being said, it’s still a great sign for the business of basketball that even with such a steep increase in price, the demand remained as high as ever to see the Knicks in person.

Cavaliers-Celtics deal first offseason trade involving players who just met in NBA Finals or conference finals

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The Cavaliers and Celtics played in last year’s Eastern Conference finals. The teams were widely expected to meet there again.

Yet, Cleveland and Boston just completed a blockbuster trade – Kyrie Irving for Isaiah Thomas, Jae Crowder, Ante Zizic and the Nets’ 2018 first-round pick.

That seemed odd.

In fact, it’s unprecedented.

That is an incredible fact, one which speaks to LeBron Jamescachet. The Cavs are emphasizing this season, LeBron’s last before a player option, by loading up with veterans Thomas and Crowder. With LeBron still reigning in Cleveland, the Celtics are delaying their peak by acquiring the younger Irving.

Adding to the intrigue: the Cavs and Celtics are still favored to meet in this year’s conference finals. At minimum, they’ll face off in a(n even more) highly anticipated opening-night matchup.

PBT Extra: What does Kyrie Irving trade mean for LeBron James?

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In the end, the entire Kyrie Irving blockbuster trade was about LeBron James. It started because Kyrie Irving wanted out of LeBron’s enormous shadow. Cleveland went with this trade because Isaiah Thomas and Jae Crowder help them win now, and whatever LeBron decides to do next summer the Brooklyn pick (and maybe Ante Zizic) helps them build for the future.

But what does this trade mean to LeBron James?

Honestly, it doesn’t change much. That’s what I get into in this latest PBT Extra. LeBron is leaving his options open, but maybe this deal could help Cleveland keep him if it makes them more competitive with the Warriors.

Rumor: Young Bulls ‘can’t stand’ Dwyane Wade

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After a loss last January, Dwyane Wade (in conjunction with since-traded Jimmy Butler) lashed out at his Bulls teammates for not caring enough. Those younger players didn’t receive the message gratefully, questioning why Wade didn’t practice more.

The simple answer: Wade is 35, and he and his team are better served if he saves himself for games. But Wade also should have known his schedule left him ill-suited to criticize harder-working teammates.

The whole saga exposed the inherent tension that occurs when an accomplished veteran with declining skills is thrust into a leadership position on a mediocre team.

Consider that backdrop as Wade and Chicago dance around a buyout.

Nick Friedell on ESPN discussing Wade getting bought out:

This is inevitable. It’s coming. It’s a matter of when, not if.

But right now, guys, it’s just kind of a staring contest. Everybody’s looking at each other saying, “OK, how much money are you willing to give up?”

And Gar Forman, the Bulls’ GM, at summer league, said, “Oh, we’re not having conversations.” I don’t think that’s the case. I think Dwyane’s agents and the Bulls are wanting to get this thing done.

But I’d really be surprised if it happened before the season. I still think it’s more likely that it’ll happen probably somewhere in December or January.

But this is a divorce that’s going to happen. It’s just going to take some time.

The young players on the Bulls really can’t stand Dwyane, and it’s the little secret in Chicago. They have had enough.

Wade’s January criticism was reportedly particularly directed at Nikola Mirotic and Michael Carter-Williams, neither of whom are on the roster. (Mirotic, a restricted free agent, will likely return.) Even if Wade’s comments cast a wider net, Jerian Grant, Paul Zipser, Denzel Valentine, Bobby Portis and Cristiano Felicio are the only young players still on the team from that time. None of those players deserve much influence in how the franchise operates.

Still, no matter what the young players want, it’s clear Wade no longer fits on a rebuilding Chicago. They might get their wish.

Wade is set to earn $23.8 million in the final season of an expiring contract. That salary could prove useful in a bigger trade.

If bought out, Wade would count as dead money against Chicago’s cap at his buyout amount. They Bulls should obviously be amenable if he sacrifices enough, but a small discount doesn’t justify locking into that money rather than having a trade chip available.

If Chicago is deep into the cellar as expected after the trade deadline, a buyout would be completely logical then. Maybe the Bulls even assess the trade market sooner and conclude Wade’s huge expiring contract won’t facilitate a trade.

It’s easy to see a buyout happening eventually. In the meantime, Wade and his younger teammates will just have to get along. I trust Wade’s professionalism to make this situation at least tenable, but Fred Hoiberg might have his hands full building cooperation with all the people involved.

Spurs sign undrafted former Virginia guard London Perrantes

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SAN ANTONIO (AP) The San Antonio Spurs have signed guard London Perrantes.

Michael Scott of Basketball Insiders:

The 22-year-old Perrantes wasn’t drafted out of Virginia this year but made summer league appearances for the Miami Heat in Las Vegas and Orlando.

The 6-foot-2 guard averaged 10 points, 5 assists, 2 rebounds and 1.5 steals in the MGM Resorts Summer League. He averaged 11.3 points, 4.8 assists, 3.8 rebounds and 1.3 steals in Orlando summer league action.

Perrantes set school career records at Virginia with 138 games and 4,425 minutes. He averaged 12.7 points, 3.8 assists and 3 rebounds during his senior season. He made 40.9 percent of his career 3-point attempts (211 of 516).