Knicks most valuable NBA franchise, worth $1.4 billion according to Forbes

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A more favorable Collective Bargaining Agreement for the owners coupled with a crop of young stars increasing television ratings has been good for NBA owners.

Franchise valuations are up. Way up. Setting record levels up. Up 25 percent on average over a year ago up. The average team made a profit of $23.7 million.

And you wonder why the owners are so loyal to David Stern.

Those figures are from Forbes Magazine, which released its annual report on franchise values Wednesday. While the magazine’s assessment is admittedly somewhat flawed, until the NBA owners decide to open their books up to the public (good luck with that) this is the best we have.

At the top of the list money-making list is the New York Knicks, which in a renovated Madison Square Garden is worth a record $1.4 billion, according to Forbes. Because the renovated building is drawing in more money than expected, the Knicks had a league-record profit for the 2012-13 season of $96 million, the magazine estimates.

The Lakers are just half a step back of the Knicks in franchise value at $1.35 billion, reports Forbes, and the team turned a tidy $66 million profit, according to the magazine. The main reason for all the cash is the massive $3.6 billion local television deal they struck with Time Warner Cable.

The rest of the top 10 are the Chicago Bulls ($1 billion), the Boston Celtics ($875 million), the Brooklyn Nets ($780 million), the Houston Rockets ($775 million), the Miami Heat ($770 million), the Dallas Mavericks ($760 million), the Golden State Warriors ($750 million), and the San Antonio Spurs ($660 million).

The bottom five are the Minnesota Timberwolves ($430 million, and they operated at a $2.7 million loss last season according to Forbes), the Atlanta Hawks ($425 million), the New Orleans Pelicans ($420 million), the Charlotte Bobcats ($410 million), and the Milwaukee Bucks ($405 million).

LeBron James rejects Giannis Antetokounmpo at the rim

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Through the first couple games of the season, Giannis Antetokounmpo has put up impressive numbers — he dropped 34 points, 8 rebounds, and 8 assists on the Cavaliers Friday night.

But the Cavaliers still have LeBron James.

He had 24 points and 8 assists, leading Cleveland to the win.

LeBron also reminded the Greek Freak just how good a rim protector he is. Few people can slow Antetokounmpo on the drive, but LeBron is one of them.

Is it too early to root for a Cavs vs. Bucks playoff series?

Hawks’ DeAndre’ Bembry out with fractured wrist

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In their season opener Wednesday, Atlanta second-year man DeAndre’ Bembry came off the bench and played 17:45, scored six points and was +13 on the night. It was a good start to his career.

But now he is going to miss some time with a fractured wrist.

Bembry underwent an MRI, which revealed a fracture in his right wrist, the Hawks announced Friday. He will return to Atlanta with the team (the Hawks lost to the Hornets Friday night) and will meet with team doctors at the Emory Orthopaedics & Spine Center on Monday. His status will be updated after that.

“We just may play some other guys more, we may use some of the young guys,” Hawks coach Mike Budenholzer told the AP before Friday night’s game. “We’ll just figure it out tonight and as we move forward. I don’t think there’s anything guaranteed for anybody, it’s unfortunate for DeAndre’ and for us.”

 

Danny Ainge says Celtics will apply for Disabled Player Exception

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It’s not likely Gordon Hayward returns this season. His agent said as much, although a return in March is not out of the question. (It’s better PR wise for the Celtics to say he is out for the season, then if he returns early great, it’s better than setting a deadline he doesn’t meet.)

With that, the Celtics are going to apply for the Disabled Player Exception, which could help them land a replacement player, Danny Ainge told Gary Washburn of the Boston Globe.

President of basketball operations Danny Ainge told the Globe on Friday the club is applying for the Disabled Player Exception, which would provide the Celtics $8.4 million to pursue a player to fill Hayward’s roster spot.

“We’re in the process of doing that,’’ Ainge said. “We have a while to do that. There’s no urgency, but we will apply for that.”

There are limits to what that money can get the Celtics. The money is the same as the mid-level exception, the Celtics can go over the cap to use it, and the player can be obtained via free agency or trade. However, the player must be in the last year of his contract.

It gives the Celtics options. It also does not mean Hayward cannot return, it only means NBA-approved doctors determined he is not likely to return before a mid-June deadline.

Kings hire former WNBA Seattle coach Jenny Boucek as assistant

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The NBA now has a third female assistant coach.

The first was Becky Hammon, who has been part of Gregg Popovich’s Spurs staff for several years (and has coached their Summer League team). The second was Nancy Leiberman, who has been on the staff in Sacramento for a couple of seasons now.

Now the Kings have hired former Seattle Storm coach Jenny Boucek as an assistant coach on Dave Joerger’s staff. She will work as an assistant player development coach.

A former WNBA player in the league’s inaugural season, the past three years she has coached the WNBA’s Seattle Storm (she was fired midway through the last season), and prior to that had been the head coach of the Sacramento Monarchs from 2007-09.