ABA basketball

Report: NBA finally reaches buyout deal with former ABA owners still getting TV revenues

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It’s one of the great legends of the ABA:

When the NBA and ABA merged in 1976 four teams came in the league — the Nets, Pacers, Spurs and Nuggets — while the Spirits of St. Louis were left out (sort of like the Flint Michigan Tropics). The owners of the Spirit, Ozzie and Daniel Silna, wanted some compensation for missing out and they worked out a deal with the league to get one-seventh of the national television revenue that each of the four teams coming in was to get — in perpetuity. Forever.

Back in 1976 the sum was laughably small, but in the years since the NBA’s broadcast rights exploded and the Silnas got a piece of it every year, an estimated $300 million in the nearly 40 years since the merger. As you might imagine, the NBA has tried to get out from that agreement but to no avail, in fact a judge recently ruled that the Silnas should get a slice of international and league pass broadband rights, too.

However, finally the two sides have worked out a buyout, reports the New York Times.

On Tuesday, the Silnas, the league and the four former A.B.A. teams will announce a conditional deal that will end the Silnas’ golden annuity. Almost.

The Silnas are to receive a $500 million upfront payment, financed through a private placement of notes by JPMorgan Chase and Merrill Lynch, according to three people with direct knowledge of the agreement. The deal would end the enormous perpetual payments and settle a lawsuit filed in federal court by the Silnas that demanded additional compensation from sources of television revenue that did not exist in 1976, including NBA TV, foreign broadcasting of games and League Pass, the service that lets fans watch out-of-market games.

Still, the league is not getting rid of the Silnas altogether. They will continue to get some television revenue, some of it from the disputed sources named in their lawsuit, through a new partnership that is to be formed with the Nets, the Pacers, the Nuggets and the Spurs, according to the people with knowledge of the agreement. But at some point, the Silnas can be bought out of their interest in the partnership.

Why the Silnas chose to settle is the interesting question — while they had to fight the league for years and pay a lot of attorneys a lot of money, which deal was like a huge, never-ending annuity. The Times answered that as well.

But there is a reluctance, more by Daniel, 69, than Ozzie, 80, to keep fighting the league, said one of the people who discussed the agreement.

What does this mean to you the fan? Nada. It really means long term more money in the owners’ pockets.

And my guess is the Silna families will be able to live pretty darn comfortably on that sum for a few years.

Cavaliers keep re-watching their Game 7 victory over the Warriors

OAKLAND, CA - JUNE 19:  Kyrie Irving #2 of the Cleveland Cavaliers shoots a three-point basket against the Golden State Warriors in Game 7 of the 2016 NBA Finals at ORACLE Arena on June 19, 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 Ronald Martinez/Getty Images)
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The Cavaliers’ win over the Warriors in Game 7 of the NBA Finals was an all-timer.

LeBron James bringing a championship to title-starved Cleveland, the Cavs topping the 73-win defending champions who’d built a 3-1 lead, Kyrie Irving‘s shot, Kevin Love‘s defensive stand – the game had it all.

The Cavaliers obviously enjoyed it. And enjoyed it, and enjoyed it and…

LeBron James, via Brian Windhorst of ESPN:

“I’ve seen it a few times,” James said. “It was on NBA TV throughout the summer. I watch it from a fan’s perspective. I see what we could’ve done better, but I also watch it for enjoyment, to see those three zeros on the clock.”

Irving, via Windhorst:

“I was rewatching the games and talking to my teammates about it, sending them snapchats of me watching,” Irving said. “I got chills. My stomach was dropping knowing the ball is going in but knowing exactly, emotionally how I felt at the time. It still gets me excited thinking about it. It’s such a huge moment for not only Cleveland but our team, our families, our friends.”

Iman Shumpert, via Windhorst:

“I’ve watched it over and over,” Iman Shumpert said. “Oh, it was enjoyable.”

At some point, the Cavs have to refocus on the upcoming season. Maybe they already have.

But I’m not going to tell them to stop reliving Game 7. It was a big deal. Enjoy it.

This can even be healthy if it motivates them to chase that euphoric feeling again.

And if it just distracts them from their goal of repeating? There are worse things – like being stuck on a Game 7 loss.

Report: Rockets give Gary Payton II fully guaranteed salary

TARRYTOWN, NEW YORK - AUGUST 07:  Gary Payton II #0 of the Houston Rockets poses for a portrait during the 2016 NBA Rookie Photoshoot at Madison Square Garden Training Center on August 7, 2016 in Tarrytown, New York. 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. Mandatory Copyright Notice: Copyright 2016 NBAE  (Photo by Nick Laham/Getty Images)
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The Rockets scooped up undrafted point guard Gary Payton II shortly after the draft ended.

How did they do it?

Fully guaranteeing his deal, according to Eric Pincus of Basketball Insiders.

I rated Payton a borderline first-rounder coming out of Oregon State, but he went undrafted. Perhaps, the league just deemed him unworthy. Or maybe the teams that liked him most weren’t positioned to draft him. Or maybe teams opted for lesser players in the second round who were willing to spend a year overseas or in the D-League.

Houston guaranteeing his deal certainly points to a robust market for the point guard. It could also indicate the Rockets plan to keep him into the regular season.

Payton gives the Rockets 15 players with guaranteed salaries plus restricted free agent Donatas Motiejunas, who has an outstanding qualifying offer and seems likely to return. There’s no obvious candidate for Houston to waive to reach the regular-season roster limit of 15 – and it could be Payton. This could just be a (more expensive than usual) way of getting Payton onto the Rockets’ D-League affiliate. They won’t be the only team to eat a guaranteed salary this season.

With James Harden (yup), Patrick Beverley, Pablo Prigioni and Tyler Ennis at point guard, Houston doesn’t have a pressing need for Payton. But Ennis, who has accomplished little in two NBA seasons, should be on notice. That Houston values Payton so highly could mean Ennis is the odd man out. Both players, and everyone else, will have the preseason to prove themselves.

Payton, son of the former SuperSonics guard, has major defensive potential. Running an NBA offense will be a tall order, but he has enough raw skills to offer intrigue on that end. He’ll need his defense to buy him time.

Report: Chris Bosh fires agent

MIAMI, FL - MAY 09:  Chris Bosh #1  of the Miami Heat looks on during Game 4 of the Eastern Conference Semifinals of the 2016 NBA Playoffs against the Toronto Raptors at American Airlines Arena on May 9, 2016 in Miami, Florida. 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 Mike Ehrmann/Getty Images)
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Who does Chris Bosh have in his corner as he tries to play following a third blood-clot issue?

Not the Heat, who say they’re no longer working toward his return.

Not his longtime agent, Henry Thomas of CAA.

Tim Reynolds of the Associated Press:

Bosh is in the midst of the the biggest quandary of his career. He needs a trusted advisor at his side.

But that might not be enough.

Bosh still has $75,868,170 guaranteed over the final three years of his contract. If he doesn’t play by Feb. 9 and the Heat waive him, they can exclude his salary from cap and luxury-tax calculations (while still paying him) IF a doctor agreed upon by the league and players union says Bosh can no longer safely play.

Bosh would be a free agent in that scenario, but would anyone want him? How much would Bosh resent missing a partial season before that? How much would he sacrifice in a buyout to become a free agent sooner? What if the jointly selected doctor says Bosh can return? What do Miami and Bosh do then?

These are difficult questions, and Bosh needs someone to help him navigate the minefield that lies ahead.

Why did David West choose to come off bench for Warriors? Kevin Durant.

PHOENIX, AZ - JANUARY 21:  David West #30 of the San Antonio Spurs reacts after scoring during the first half of the NBA game against the Phoenix Suns at Talking Stick Resort Arena on January 21, 2016 in Phoenix, Arizona.  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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If you’re desperately searching for the flaws that will undo the Golden State Warriors, depth has to be the main argument. In order to get Kevin Durant under the cap Harrison Barnes, Andrew Bogut, Leandro Barbosa, Festus Ezeli, Brandon Rush, and Marreese Speights had to be sacrificed.

However, they added a couple of veterans to fill in the gaps. Zaza Pachulia will be at the five, trying to be a poor man’s Bogut, is going to get the most attention.

But the Warriors also snapped up David West, who had gone to be part of the Spurs veteran bench last season and now is chasing a ring with the Warriors. How did that come about? Via the San Antonio Express-News.

“(The Warriors) reached out once we lost to OKC, maybe that night,” West told reporters at Golden State’s media day. “My agent was like, ‘If you’re interested in continuing to play, Golden State wants you.’ He was obviously talking to a few guys and to the coach during the process. Then, when Kevin Durant reached out, he told me he wanted me to come join, so it was a no-brainer.”

I have zero problem with a veteran player like West taking a pay cut and chasing a ring — we as fans can’t say “today’s players care more about money/friends than winning” then turn around and hammer the guy who puts winning first. That sounds like a Trump debate tactic.

Plus, West is going to get some run-up front with Golden State. He’s still solid — he is a physical defender, sets a good screen, and if you don’t stick with him on the pop West will destroy you from the midrange. He’s not his vintage self, but he’s still a guy a championship-caliber team can lean on.

And the Warriors will.