NBA Commissioner David Stern Announces Retirement

New CBA, new looming TV deal means no NBA teams for sale

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If you don’t think the NBA business is booming, check out the price tags for the last couple NBA teams sold: The smaller market Sacramento Kings just sold for $534 million, the small market Grizzlies sold for $377 million. Remember that just a few years ago the majority of the big market Philadelphia 76ers sold for $280 million.

Why the jump in prices? For one, there is a new Collective Bargaining Agreement that is much more favorable to owners (who now get just about half of the NBA’s gross revenue, up from 43 percent in the old CBA). Secondly, the NBA is in the process of renegotiating its television rights deal at a time of record prices for sports rights deals.

Basically, owners are getting more money in their pockets.

All of which is why there are no teams for sale right now (sorry Seattle), NBA Commissioner-in-waiting Adam Silver said Tuesday, as reported by Brian Windhorst at ESPN.com.

“As we look at the coming domestic television deal and a great playoffs and Finals, there’s a great buzz around the league right now,” Silver said at the Bloomberg Sports Business Summit. “There aren’t any teams for sale but if there were [the price] would be robust.”

Robust = very expensive.

The new television deal is the focus — and should be for the players as well. The NBA salary cap is set based on a percentage of league revenue, so a bigger television deal means more money for teams to spend on players.

The NBA is first negotiating with its existing partners — ESPN/ABC, as well as Turner Sports which runs TNT and NBA TV — but if those talks don’t go where the league wants there are other media conglomerates out there that want a foot in the door. David Stern himself has said he likes how the NFL has games spread across every network and nobody blinks.

Adam Silver, however, works to get a consensus with the owners in a way Stern does not. Which is why Silver said Tuesday a committee of owners will help with the new television rights deal.

“There’s probably calls for more owner involvement than we’ve had historically,” Silver said. “There’s a new generation of owners who’ve become involved in the league. There’s more a sense of activist owners … these days led by Mark Cuban and others there are more full-time owners. It’s a recognition that even for very wealthy people, it’s a much larger percentage of their portfolio.”

Grizzlies officially name David Fizdale as their next head coach

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Earlier this week, reports surfaced that the Memphis Grizzlies had reached an agreement with longtime Miami Heat assistant David Fizdale to be their next head coach, replacing Dave Joerger. On Sunday, the Grizzlies made it official, announcing the move in a press release.

Here’s the official statement from Grizzlies GM Chris Wallace:

“We are pleased to welcome David to Memphis. After a comprehensive search process, and talking with a number of very bright basketball minds, we focused in on David and we are confident that he is the right person for the job. David’s achievements throughout his career, his reputation as a strong tactician, his leadership with player development, and his ability to communicate and build strong relationships with his players make him the clear choice to guide the Grizzlies on and off the court, as we move forward and collectively build on the consistent success we have attained over the last several years.”

Fizdale offered his own comments as part of the announcement:

“I am extremely excited to be in Memphis and really looking forward to building a legacy with this talented group of players. In my career, I have been fortunate to have worked with some of the greatest coaches and players in the NBA and am ready for this challenge. I am not only here to contribute to an organization that has built a history of winning, I am here to win it all and bring the wonderful people of Memphis their first Championship Parade down Beale Street. I am truly honored that Robert Pera, Chris Wallace and the organization felt that I am the right man to lead us forward and I would like to thank them for their confidence and this great opportunity.”

Fizdale had served as an assistant on Erik Spoelstra’s bench in Miami since 2008, and his now-former team offered their congratulations via Twitter:

Antetokounmpo brothers, Porzingis play streetball in Athens

OAKLAND, CA - MARCH 16:  Kristaps Porzingis #6 of the New York Knicks stands for the National Anthem before their game against the Golden State Warriors at ORACLE Arena on March 16, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ezra Shaw/Getty Images)
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ATHENS, Greece (AP) NBA stars Giannis Antetokounmpo of the Milwaukee Bucks and Kristaps Porzingis of the New York Knicks battled it out in Athens in a game of streetball Sunday, watched by a crowd of 5,000.

Played in an open court in Greece’s largest public high school, the “Antetokounbros Streetball Event” ended 123-123. No overtime was played.

Porzingis scored 21 points but was overshadowed by team member Thanasis Antetokounmpo, Giannis’ older brother, who scored 69. The two had played for a few games together last season, when Thanasis was signed by the Knicks on a 10-day contract. Giannis Antetokounmpo led the other team with 64 points. The other players were a mixture of veteran pros and amateurs.

On Saturday, Porzingis and the Antetonkoumpo brothers were given a private tour of the Acropolis Museum.

Klay Thompson credits Yoda socks for Game 6 performance

OAKLAND, CA - MAY 16:  Klay Thompson #11 of the Golden State Warriors drives with the ball against Andre Roberson #21 of the Oklahoma City Thunder during game one of the NBA Western Conference Final at ORACLE Arena on May 16, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Christian Petersen/Getty Images)
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The Warriors’ most important adjustment in Game 6 of the Western Conference Finals didn’t occur on the court — it occurred on Klay Thompson‘s feet. Thompson scored a playoff career-high 41 points against the Thunder on Saturday to force a Game 7, and afterwards, he credited it all to a pair of Yoda socks from Stance’s Star Wars lineup.

From The Vertical‘s Michael Lee:

As he quietly got dressed, Thompson rolled up a pair of Stance socks with a cartoonish image of the green, pointy-eared Jedi master from Star Wars, Yoda. Thompson packed his lucky socks especially for Game 6, knowing he’d need something a little extra to fend off the Oklahoma City Thunder.

“I brought my Yoda socks to bring out my Jedi powers,” Thompson told The Vertical after a performance in which the least heralded, but no less important, member of the Splash Brothers saved Golden State’s season.

Here’s a picture of Thompson wearing the socks, which are pretty sweet:

Thompson will need whatever special powers the socks gave him again on Monday, if the Warriors hope to overcome what was once a 3-1 deficit and advance to the Finals.

NBA’s official Facebook page prematurely lists Warriors in the Finals

CLEVELAND, OH - JUNE 16:  LeBron James #23 of the Cleveland Cavaliers shakes hands with Stephen Curry #30 of the Golden State Warriors after the Warriors defeated the Cavs 105 to 97 to win Game Six of the 2015 NBA Finals at Quicken Loans Arena on June 16, 2015 in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of Getty Images License Agreement.  (Photo by Ezra Shaw/Getty Images)
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The NBA Finals schedule will not be determined until Monday, when the Warriors and Thunder play Game 7 of the Western Conference Finals in Oakland. The Cavaliers already advanced to the Finals out of the Eastern Conference, but the dates of their home games are not set in stone: they’d have home-court advantage over the Thunder but not the Warriors.

On Sunday, the NBA’s official Facebook page jumped the gun slightly, listing the seven Finals games under their “Events” tab under the assumption the Warriors won Game 7. They later took the listings down.

Via SB Nation:

The mistake occurred when Ticketmaster, which controls that section of the league’s Facebook page, accidentally posted listings for Finals games under the premature assumption that the Warriors would win Game 7, and those listings were pushed to Facebook. Ticketmaster removed the listings when the error was discovered.

It was obviously an honest mistake, but if the Warriors win on Monday, this will do nothing to quiet the crowd that believes in some sort of conspiracy theory, however ridiculous that notion is.

For what it’s worth, ESPN also accidentally aired a commercial for Game 7 of the Eastern Conference Finals between the Cavs and Raptors, even though Cleveland has already closed out that series:

These things happen.