Grant Hill

Report: Grant Hill’s group regarded by league as ‘viable contender’ for Clippers ownership


The Clippers will be up for sale soon enough, whether the NBA controls the process or whether the Sterlings are allowed to do so in what appears to be an increasingly less likely scenario.

There will be a long line of suitors for the team, all of whom will be putting together potential ownership groups willing to pay over $1 billion (with a ‘b’) for L.A.’s historically junior franchise.

But image will play in important role in the group the league chooses, as they’ll want to move in a positive direction following the Sterling disaster. And for that reason, a group headed by a well-respected former player may have an edge in the bidding process.

From Marc Stein of

Former NBA All-Star Grant Hill has partnered with billionaire investors and longtime Southern California residents Tony Ressler and Bruce Karsh to form an ownership group to bid on the Los Angeles Clippers when they are officially put up for sale, according to sources close to the process.

Sources told that Hill’s group is already regarded by league officials as a viable contender for the Clippers in what is forecast to be a highly competitive auction when the franchise finally hits the open market. One industry source told this week that the bidding could start as high as the $1.5 billion range. …

Hill is just completing his first season in retirement after a 19-year career that featured seven All-Star appearances. Ressler is the co-founder of Ares Management and a minority owner of the Milwaukee Brewers. Karsh is president and co-founder of Oaktree Capital Management and currently serves a minority owner of the Golden State Warriors.

Magic Johnson is another person who would similarly meet the positive image criteria, but with easily more than 10 groups likely to be interested, that in itself won’t be enough to win the right to purchase the Clippers.

Since the Sterlings are being forced to sell, the league will almost certainly need to ensure that the group it chooses is also the highest bidder. Otherwise, it opens itself up to even more potential litigation from Sterling than is already being predicted, as the NBA continues the process of terminating the current ownership interests in the team as quickly as possible.

LeBron James posts photo with Tristan Thompson, sends message to Cavs

2015 NBA Finals - Game Five
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Tristan Thompson is a man without a contract. By not signing the qualifying offer with the Cleveland Cavaliers he put himself in limbo, the rare NBA holdout. Right now his options are to sign the deal on the table (the Cavs still have the five-year, $80 million offer out there), get the Sixers or Blazers to offer him a max contract (which neither team has shown any interest in doing), or hold out and hope the Cavaliers make a better offer. If he holds out for the entire season he becomes a restricted free agent again next summer — exactly like he is right now.

Without signing the qualifying offer and the threat of leaving, Thompson hurt his leverage.

But he has a little leverage. He and his agent Rich Paul had one other card, and it got played Saturday.

Get it done!!!! Straight up. #MissMyBrother @realtristan13

A photo posted by LeBron James (@kingjames) on

LeBron James and Thompson share an agent in Paul. LeBron has largely remained silent through this process but if he wants something in the Cleveland organization, he usually gets it. And he wants Thompson back at practices.

LeBron’s leverage is going to be put to the test. The Cavaliers have let it leak they are not that concerned about LeBron leaving them next summer over this — and they’re right. The damage to LeBron’s brand if he broke the hearts of Cleveland fans again would be crushing, unless he leaves for a very good reason. Overpaying Thompson is not that reason.

However, LeBron’s comment could push the Cavaliers to try to find a compromise.

For the Cavaliers, a lot of how they view all this comes down to their tax bill. The Cavaliers already have $94.9 million in guaranteed salary on the books, putting them $10.2 million over the luxury tax line, at a cost of more than $16.25 million. What this means if (or when) they sign Thompson is his first $10 million in salary would cost them $28.75 million in tax and every dollar above that for the next $5 million costs them $3.75-to-$1. Look at it this way, by my count $14 million this year to Thompson would cost $43.75 million in tax — the total for Thompson at that price is $58 million. While that’s not all on Thompson it’s a lot of cash, and Thompson wants a max deal that starts at more than $16 million a year.

Owner Dan Gilbert is already going to pay the highest tax bill in the NBA this season, but if he balks at those figures it’s hard to blame him.


Hezonja throws down one-handed dunk in preseason debut

Orlando Magic Introduce 2015 NBA Draft Picks
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Mario Hezonja, the No. 5 pick in this year’s draft, has never lacked for confidence. The Croatian guard made his pro debut in the Magic’s preseason game against the Hornets on Saturday and did this:

Between Hezonja, Elfrid Payton, Victor Oladipo and Aaron Gordon, the Magic have a nucleus of young players that has the potential to be a lot of fun. Even if they’re still a few years away from contending, they’re definitely going to be a League Pass favorite this year.