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

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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.

Clippers blow 18-point lead, lose in final 2 seconds on putback to Kings (VIDEO)

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The Los Angeles Clippers had a rough go of things against the Sacramento Kings on Sunday. Up by 18 with more than five minutes to go, LA blew their lead and were left to watch as the Kings sealed the game late.

The final possession for Sacramento came on a missed corner 3-pointer by Clippers guard Jamal Crawford. The Kings got the outlet pass out on the rebound, but Ben McLemore took it to the rack and missed. That’s when Willie Cauley-Stein stepped in, cleaned up the board, and put the game-winning shot home with less than two seconds left.

Los Angeles lost in spectacular fashion, and became the only team this season to lose given their game situation.

Here’s a compilation the NBA put together of Sacramento’s epic comeback:

Meanwhile, Chris Paul called it the worst regular season loss of his career.

The Clippers peaked too soon. Like, the first 20 games of the season too soon.

Russell Westbrook throws incredible halfcourt bounce pass vs. Rockets (VIDEO)

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Russell Westbrook had yet another triple-double on Sunday. The Oklahoma City Thunder star notched 13 assists in the loss to the Houston Rockets, 137-125, and one of them came on a nifty pass to teammate Victor Oladipo.

The play happened with the Thunder on the fastbreak early in the third quarter. Westbrook was moving from left-to-right across the middle of the floor with the ball while Oladipo streaked down the right wing.

With the Rockets defense collapsing, Westbrook reached halfcourt and fired a bounce pass that sliced through the opposition.

Oladipo finished with the clean dunk.

Still not sure it beats this one, but I think we’ll have to compare once the season comes to a close.

Kobe Bryant on race for Podoloff Trophy: “We might see our first co-MVPs this year”

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The race between James Harden and Russell Westbrook for the 2017 NBA MVP has narrowed to a two-man race toward the end of the season. The Oklahoma City Thunder star is averaging at triple-double this year, and the Houston Rockets guard is doing things nobody has ever done on a basketball court before.

It’s a tough decision to decide between them, so much so that even former Los Angeles Lakers great and 2008 NBA MVP Kobe Bryant can’t do it.

Speaking on ESPN on Sunday, Bryant said he thought the league might have to just bite the bullet on Westbrook vs. Harden.

“We might see our first co-MVPs this year,” said Bryant.

That would be a huge step for the league, but I’m not entirely sure they would do it. There have been co-NBA All-Star Game MVPs in years past, but never league MVP.

Still, can you decide between Russ and Harden? The Mamba can’t.

Watch Rockets C Nene lead the break, eurostep past Enes Kanter (VIDEO)

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Houston Rockets center Nene is from Brazil, but on Sunday against the Oklahoma City Thunder the South American native went full euro.

On a fastbreak possession, Nene took on Thunder big man Enes Kanter near the rim and absolutely shook him with a nasty eurostep.

The play was so good that it forced Oklahoma City to call a timeout as James Harden and the rest of the Rockets bench met Nene on the court to celebrate.