Reports: Oprah Winfrey, Floyd Mayweather Jr., even Matt Damon would like to buy Clippers

59 Comments

In this arena, Floyd Mayweather Jr. is a pretender… not that I’d say that to his face.

It didn’t take long after NBA Commissioner Adam Silver dropped the hammer on Clippers owner Donald Sterling over his racist comments and said the league was going to try to force him to sell the team that potential suitors lined up with an interest in purchasing the team. (No, Shelly Sterling, Donald’s estranged wife, is not in that group.)

Magic Johnson and the Guggenheim Group (which already own the Los Angeles Dodgers) are already trying to get in the front of the line, according to multiple reports. But they have a lot of company.

Boxing’s powerhouse Mayweather is one of those. A regular at Lakers and Clippers games, he wants in, reports ESPN.

Mayweather said he was serious about his interest and that he had spoken with his adviser, Al Haymon, about teaming with Mayweather Promotions chief executive Leonard Ellerbe, Golden Boy Promotions chief executive Richard Schaefer and possibly others to make a bid for the Clippers.

“I called Al today about that to see if me, Leonard and Al, and hopefully Richard and a couple of other guys, a couple other of my billionaire guys, we can come together and see what we can come up with,” Mayweather said. “Hopefully, we can do it, and it’s not just talk.

Let’s set aside Mayweather’s gambling history and his ability to clear the league’s background check for owners, Mayweather would need a lot of help — his net worth is estimated in the $150 million range and the price tag for the Clippers is likely going to be in the $1 billion range (according to sources and other reports). Same with Oscar De La Hoya, who also is interested but worth roughly $200 million. In this ring, Mayweather and De La Hoya are not big time.

Oprah Winfrey is (estimated net worth around $3 billion). Entertainment mogul David Geffen is ($6.2 billion). And those two may be teaming up, reports Darren Rovel of ESPN.

Larry Ellison has been looking to buy a team and move them to San Jose, but it’s hard to see that outcome here — these partners wouldn’t want to move the team. Plus, if you move a team out of the nation’s second largest media market you are doing it wrong.

One fun name on the list — Matt Damon would love to be a minority owner.

Also on the minority owner wish list is Malcolm in the Middle’s Frankie Muniz.

There also will be a lot of names you don’t know who will have a serious shot at this. For example Dr. Patrick Soon-Shiong is one of the richest men in Los Angeles with a net worth of $7 billion, and he is the guy who bought Magic Johnson’s minority share of the Lakers. Soon-Shiong both has the money to get in this game and has already gone through the NBA’s vetting process for owners, there are no surprises there for the league.

It’s going to be a little while before a sale takes place. The NBA owners have to formally charge Sterling, have a hearing where both sides can present evidence, then the owners would vote. The NBA owners meet every July and this could happen then, except you can expect Sterling will fight this with lawsuits (plural) in federal court, dragging the process out. He’s a litigious person and is not just going to roll over for the “good of the game” here. That’s not in his nature.

When the sale process does move forward (and assuming the NBA runs it) expect a blind bid process (similar to how the Dodgers were sold out from under Frank McCourt by Major League Baseball). That process tends to bring in incredibly high bids as groups don’t know what others will bid. By the way, Magic Johnson and his group won the Dodgers in that process.

And yes, after league expenses, Donald Sterling will get that money. He bought the Clippers in 1981 for $12.5 million and will turn a handsome profit on this deal.

Hawks hire Travis Schlenk as general manager

Mike Zarrilli/Getty Images
Leave a comment

The Hawks picked Warriors assistant general manager Travis Schlenk as their next general manager. All that was left was negotiating terms.

That’s done.

Hawks:

The Atlanta Hawks today announced the hiring of Travis Schlenk as General Manager and Head of Basketball Operations. He will start leading Hawks basketball operations on June 1.

Schlenk worked his way up the latter and helped the Warriors become the envy of every other NBA team. He deserves this opportunity.

But the job won’t be easy.

The Hawks are stuck between two directions. On one side, they have veterans Paul Millsap (a 32-year-old pending unrestricted free agent whom the owner has basically promised a huge contract) and Dwight Howard (who sounds unhappy). On the other side, they have a youth movement featuring Dennis Schroder and Taurean Prince. Tim Hardaway Jr., who bridges the age groups, is about to enter a potentially tricky restricted free agency.

Keeping the core together offers the upside of a playoff-series victory or two annually, modest outcomes for the cost. But a fragile Atlanta fan base might not tolerate a rebuild.

Schlenk works for owner Tony Ressler, and Ressler sounds committed to maintaining the status quo by keeping Millsap. It’s now Schlenk’s job to execute that vision or convince his boss to approve a different direction.

Potential none-and-done first-rounder Hamidou Diallo returning to Kentucky

AP Photo/Gregory Payan
Leave a comment

The more I’ve looked into the 2017 NBA draft, the less impressed I’ve become. There are a few bright spots in the first round relative to an average draft – No. 2, 5ish-10ish, 17ish-22ish – but I’m not convinced this is the generationally strong draft it has been touted as.

In the absence of prospects who offer secure promise, why not turn to upside? Hamidou Diallo offered plenty and was increasingly viewed as a first-rounder.

Yet, he’ll return to Kentucky for his freshman season.

Diallo:

A highly ranked recruit, Diallo began last school year at a prep school then enrolled at Kentucky for the spring semester. He practiced with the Wildcats, but never played.

Then, he went to the combine and posted excellent measurables: 6-foot-5, 6-foot-11 wingspan, 44.5-inch vertical and strong agility and sprint scores. Just 18, Diallo might have been the second-youngest player drafted this year (behind only Ike Anigbogu).

It wouldn’t have taken long – likely somewhere in the middle of the first round – for a team to bite on all that potential.

Instead, Diallo returns to Kentucky and must now show his ability to actually produce in basketball games. If he does, there’s no limit on how high he goes in the 2018 NBA draft. If he doesn’t, he’ll regret missing the opportunity to get drafted before his game got picked apart.

Report: Bulls expect Dwyane Wade to opt in

Jonathan Daniel/Getty Images
1 Comment

Dwyane Wade said he wants to see the Bulls’ plan for Jimmy Butler and the rest of the roster before deciding on a $23.8 million player option for next season.

K.C. Johnson of the Chicago Tribune:

I can tell you is most everyone associated with the Bulls believes Wade will pick up the option and remain in Chicago for a second season. More surprising things have happened in league history, though. So stay tuned.

This could be a tell that Wade will opt in. The Bulls could obviously be positioned to base their prediction on inside information into Wade’s thinking.

This could a tell the Bulls won’t trade Butler. If they know they’ll keep Butler, they can extrapolate what that’d mean for Wade.

Or the Bulls, like so many of us, just assume a 35-year-old Wade won’t turn down so much guaranteed money at this stage of his career.

PBT Extra: Why Derrick Rose more likely to be Spur than Chris Paul next season

4 Comments

San Antonio heads into this summer looking to answer the question: What do we need to do to challenge the Golden State Warriors? Well, besides keeping Kawhi Leonard healthy.

They need to get more athletic, particularly along the front line, and they need a secondary shot creator and playmaker, that’s all at the top of the list.

One rumor that keeps gaining traction, Chris Paul to the Spurs. In this PBT Extra, I get into why that move is unlikely, and why a one-year contract with Derrick Rose is more probable. Basically, if you want to see a significant roster shift in San Antonio, wait until the summer of 2018.