Donald Sterling will soon be forced to sell the Los Angeles Clippers if NBA commissioner Adam Silver gets his way.
The result will likely be a $1 billion windfall for Sterling, who bought the team $12 million in 1981.
Adrian Wojnarowski of Yahoo Sports:
Magic Johnson was previously reported to be interested, though he denied it.
Johnson’s denial left him an obvious semantic out – “they already have an owner.” Depending on interpretation of Silver’s punishment, the Clippers no longer have an owner. Surely, Johnson will interpret the situation however he pleases if he wants to bid on the team. Nothing is stopping him.
Especially not the commissioner.
“Magic Johnson knows he’s always welcome as an owner in this league,” Silver said.
It’s unclear how the unconventional sale would unfold, but Johnson fronted a group that bought the Los Angeles Dodgers for $2 billion two years in a sealed-bid process. He’s successfully navigated these murky waters before.
There will certainly be other interested parties, too. The Clippers play in a huge market, even if the Lakers dominate it, and they have two of the NBA’s better and more-marketable players in Blake Griffin and Chris Paul.
Earlier this year, Forbes listed the Clippers’ value at $575 million. So why the $1 billion estimates?
There are several mitigating factors, including some that will lower the final price, that should ultimately lift the franchise’s value near 10 digits. Among them:
- The Clippers would sell for the price offered by the highest bidder, not the consensus price.
- Forbes’ valuation includes Sterling as the team’s owner. The Clippers could be much more valuable with better ownership.
- If bidders know Sterling does not have the option to take the team off the market, they could offer less than they would if Sterling’s hand wasn’t forced. (This would lower the final price.)
- Buying the team now would bring a high amount of good publicity to the new owners.
Kobe Bryant‘s pregame tribute video stole the show in Philadelphia, but Tuesday night was Moses Malone tribute night. The former league MVP and Hall of Famer passed away in September, and his legacy was honored by the Sixers during a halftime ceremony. During the festivities, Malone’s son announced that his No. 2 will be retired by the organization next season.
There’s no question that Malone, one of the greatest players in the history of the sport, deserves to have his number retired. The only relevant question is: why didn’t this happen years ago? The ceremony next season should be good, but it would have been better if they had done it when Malone was alive to participate in it. No Sixers player has worn No. 2 since Malone anyway, but it’s been over 20 years since he last wore a Sixers jersey. Why couldn’t they have found some time in those two decades to have a ceremony and hang a banner?
Perhaps LeBron James‘ most underappreciated skill has been his passing. He is rightly hailed as the most unselfish superstar of his generation, but being a willing passer is only part of it: he’s also as good at it as any point guard in the league. Case in point: this two-handed halfcourt bounce pass on Tuesday night, finding Richard Jefferson for an easy dunk:
Kobe Bryant‘s relationship with his hometown of Philadelphia had its rocky sections — the Kobe’s Lakers beat the Sixers in the 2001 Finals, and then Kobe was booed during the 2002 All-Star Game — but all was forgiven on Tuesday night.
In his final trip to Philly, he was given a framed Lower Merion High School jersey — that’s Kobe’s school, in case you forgot — and it was presented by Dr. J.
Then the fans welcomed him like you see above.
That pumped up Kobe, who scored 13 first quarter points on 5-of-10 shooting, his best quarter of the season.
If you play for the Brooklyn Nets, and your name is not Rondae Hollis-Jefferson, expect you will come up in trade rumors this season.
First up on the block, Bojan Bogdanovic. The report comes from Mike Mazzeo of ESPN.
Bogdanovic is in the first year of a three-year, $11 million deal, which isn’t bad for a guy playing nearly 25 minutes a night and scoring 8.4 points per game. There is a lot of potential in his game, if developed in the right setting — he’s a good shooter out on the wing who works well off the ball. He seems to have regressed this season, but how much of that is due to the Nets and their guard play (and just generally struggling) is up for debate.
Is there going to be interest in him? Probably. As always, it is about the price, what the Nets will demand. Whether the Nets can get anything back they want is up for debate.
Right now a lot of GMs are testing the waters for players, judging the market. That is a long way from a trade happening. But don’t be shocked if the Nets make a deal or two before the February deadline.