Report: Barclays Center not making nearly as much money as expected


It’s a little tough to judge the financials of the Barclay Center on its own — buildings tend to have much higher expenses the first year (marketing is higher, for example) plus the real purpose of the arena is to anchor a full scale commercial and residential development around it. The Atlantic Yards is what can make the developers — which now includes Nets owner Mikhail Prokhorov — money in the long run.

Still, in the short run the arena is not doing as well as expected.

That’s the report from the Wall Street Journal, with Nets Daily providing some detail for us.

Eliot Brown of the Journal writes that the arena will produce about $26 million in operating income in its first year, 2/3rds of the $76 million projected … and less than what the arena has to pay out to its bondholders.

Forest City Enterprises which owns 55 percent of the arena operating company attributes the shortfall to the opening costs, “to make a big splash in the first year, investing heavily in marketing, customer service and securing top acts,” writes Brown. Indeed, the arena has been the nation’s top grossing venue for concerts and family shows through the first three quarters of year one … and second in the world.

This will have no impact on the Nets — they are the star tenant of that building and Prokhorov is showing he is willing to spend on them.

He gets the big picture, that he’s going to make his money on the real estate end of this deal once the residential/commercial area of the Atlantic Yards takes off. The Nets are part of what makes that area attractive. He can afford a few losses along the way to get it up and running.

DeRozan has 29, Raptors win 11th straight, beat Mavs 122-115

Leave a comment

TORONTO (AP) — DeMar DeRozan made the game-winning basket in overtime and the Toronto Raptors rallied to match the longest winning streak in franchise history, extending their season-best run to 11 by beating the Dallas Mavericks 122-115 on Friday night.

DeRozan scored 29 points and Jonas Valanciunas had 21 points and 12 rebounds as the Eastern Conference-leading Raptors won for the 18th time in 19 games. Kyle Lowry got the night off to rest as the Raptors played the second game of the back-to-back.

Delon Wright had 15 points and Fred VanVleet scored 14, helping Toronto improved to an NBA-best 29-5 at home.

Dallas had won three of four. Harrison Barnes scored 27 points for the Mavericks, Dennis Smith Jr. had 19 and J.J. Barea 18.

Up 84-78 to begin the fourth, Dallas stretched its lead to 101-93 on a jump shot by Barnes with 5:43 remaining, but four points from DeRozan cut it to 101-97 with 4:32 left.

Toronto kept coming, pulling within two on a pair of free throws by DeRozan and, after a Dallas turnover, tying it at 106 on DeRozan’s jumper with 1:15 to go in regulation.

Each team turned the ball over before Barnes missed a jumper with 24 seconds left and VanVleet grabbed the rebound. After a timeout, DeRozan let the clock wind down before driving and kicking to Serge Ibaka, who missed a potential game-winning shot. DeRozan also missed before the buzzer, sending it to overtime.

VanVleet and Dallas’ Dwight Powell each made a 3 in overtime before DeRozan drove for the tiebreaking basket with 53 seconds left.

Valanciunas sealed it by making five of six at the free-throw line in the final 10 seconds.

Toronto also extended its franchise-record streak of games with 100 or more points to 22.


Kevin Durant has fractured ribs, out a couple of weeks

Getty Images

The injury bug is hitting the Warriors hard — not with anything that seems like it will last into the playoffs, but it’s still a concern.

Stephen Curry (ankle) and Klay Thompson (fractured thumb), Draymond Green is just returning to the rotation (along with David West and Jordan Bell), and now this — Kevin Durant is going to be out a couple of weeks.

What incomplete means is it is nondisplaced, or to use the slang it is a cracked rib. The bone was not moved out of place and does not need to be reset.

The good news for Warriors fans about all these injuries are they should heal up in a couple of weeks and the Warriors should be fully loaded for bear come the playoffs. And no doubt this team knows what it needs to do to win, it can get back into its groove quickly.

So long as we’re not talking about all these injuries in the second week of April, Warriors fans do not need to worry.

Baseline jumper gives Dirk Nowitzki 11,000 made baskets in NBA

Associated Press

We need to savor these final years — potentially final games — of Dirk Nowitzki‘s career. The future Hall of Famers is one of the great pure shooters, and probably the greatest shooting big man, in NBA history.

The Maverick’s star hit another milestone Friday night, 11,000 made NBA baskets. Only eight others have reached that mark, and Nowitzki did it with a high arc baseline jumper.

The man is a marvel.

Dallas was up 60-54 on Toronto at the half.

Report: Jazz to sign David Stockton, son of Utah legend John Stockton, to 10-day contract

Getty Images

The Utah Jazz have been on a roll — they have gone 20-2 of late — but the point guard ranks are getting thin. Ricky Rubio has a knee contusion that may keep him out for a game or two, and his backup Raul Neto is out with a fractured wrist. This is where the Jazz are making a smart move, bringing in a 10-day contract guy for depth and getting a look at him.

That guy? David Stockton. Son of Hall-of-Famer and Jazz legend John Stockton. Via Adrian Wojnarowski of ESPN.

G League guard David Stockton, son of Utah Jazz legend John Stockton, is signing a 10-day contract with the team, league sources told ESPN. Stockton, 25, is expected to join the Jazz today, sources said.

Stockton, who played his college ball at Gonzaga like his father, has spent most of this season with the Reno Big Horns and averaged 16.3 points and 5.2 assists a night. Watching him in Summer League, Stockton is a smart, floor general kind of point guard who knows how to run a team. He is not as athletic as most of the guys he has gone up against, but he knows how to compensate.

However long this lasts, it’s good to see a Stockton in a Jazz uniform again.