Report: If Sterlings can complete sale agreement by Tuesday league hearing would be postponed

12 Comments

It’s always been a cleaner, easier process for the NBA if the Sterlings just sold the team.

That may or may not be happening — Shelly Sterling and her attorneys are going through the process, his attorney says he has changed his mind about selling and has revoked her right to sell — but the league is open to the idea still.

If the Sterlings can really come to an agreement to sell the Clippers by Monday night — one that completely ends Donald and Shelly Sterling’s affiliation with the NBA — the hearing to revoke their franchise ownership June 3 (next Tuesday) could be postponed, reports Michael McCann at Sports Illustrated.

According to sources, if Sterling presents the NBA with a completed agreement to sell the Clippers before Tuesday’s meeting, and if the NBA has a “favorable impression” of both the dollar amount and the incoming owners, the league would postpone the hearing until it can formally vet the purchase, sale agreement and pending owners. If the NBA later approves the transaction, the Clippers would be sold and Sterling, along with his wife and co-owner, Shelly Sterling, would no longer have any affiliation with the NBA.

Sources tell SI.com that the NBA’s top priority is for ownership to be transferred, and the league would welcome the exchange occurring voluntarily. A voluntary transfer would avert a potentially contentious hearing next Tuesday and, more importantly, avert the potential of Sterling filing a costly and lengthy lawsuit against the NBA and its owners.

This follows what NBA Commissioner Adam Silver said at the NBA Draft Lottery:

“It is their team to sell, and so he knows what the league’s point of view is, and so I’m sure if he wanted to sell the team on some reasonable timetable, I’d prefer he sell it than we go through this process.”

There are reportedly six bids at least in. Former Microsoft CEO Steve Ballmer reportedly has bid $1.8 billion (he is worth $20 billion according to Forbes) and Ramona Shelburne of ESPN says he may be the frontrunner.

A powerhouse group with David Geffen, Oprah Winfrey and Larry Ellison have teamed with two of the Guggenheim group’s big players (those are Magic Johnson’s investors). Grant Hill’s group is said to have bid $1.2 billion. Don’t count out the reported “richest man in Los Angeles,” medical researcher and business man Dr. Patrick Soon-Shiong, who already owns four percent of the Lakers and has been vetted by the league.

A number of the bidders have reportedly already been vetted by the league in other deals and would quickly move through the approval process with the league.

All this only works if Donald Sterling agrees to the sale — if he is going to take the league to court over this there is no reason for the league not to go through with the process of stripping him of his franchise. All of it started with Sterling’s prejudiced comments in a recording leaked to TMZ, then later in a separate CNN interview, comments that caused a backlash among fans, players and team sponsors.

Donald Sterling remains the official controlling owner in the eyes of the league (Shelly owns half through a trust) and as part of his response to the league’s charges his attorney said he planned to fight the forced sale “to the bloody end.” He has complained about the 33 percent capital gains tax he would have to pay on a sale.

The question is will he feel that way when a $1.8 billion offer (or more) is on the table?

Basketball Hall of Famer John Kundla dies at 101

AP
Leave a comment

MINNEAPOLIS (AP) — John Kundla, the Hall of Fame coach who led the Minneapolis Lakers to five NBA championships, died Sunday. He was 101.

Son Jim Kundla said his father died at an assisted living facility in Northeast Minneapolis that he has called home for years.

Kundla coached George Mikan and the Lakers in the 1940s and 1950s, helping them become the NBA’s first dynasty. He went 423-302 before retiring at the age of 42 and went on to coach his alma mater, the University of Minnesota.

Kundla was the oldest living Hall of Famer in any of the four major pro sports.

Kundla was inducted into the Hall of Fame in 1995. A year later, he was named one of the league’s 10 greatest coaches as part of the league’s “NBA at 50” celebration.

 

Report: Magic signing Marreese Speights to one-year, minimum contract

Gene Sweeney Jr/Getty Images
Leave a comment

It’s a tough market for free-agent centers, as Marreese Speights learned the hard way.

Jeff Zillgitt of USA Today:

I wonder whether Speights regrets opting out with the Clippers, who were also slated to pay him a minimum salary. Not only is he stuck with a low-paying deal, he’s on a worse team and one with center depth.

Nikola Vucevic and Bismack Biyombo should play only center, where Speights is best. Speights can also play power forward, but Aaron Gordon should get all his minutes there. Maybe Jonathan Isaac should, too, though it’s more tolerable to play him at small forward while the rookie adjusts to the NBA.

Simply, there won’t be much playing time for Speights unless Orlando makes a trade (maybe this is a harbinger) or plays too big of lineups (a lesson it should have learned last season).

Likewise, the Clippers will be fine, though less versatile, without Speights. The acquired Willie Reed (free agency) and Montrezl Harrell (Chris Paul trade) to play behind DeAndre Jordan.

Speights clearly isn’t essential, but he has expanded his range beyond the 3-point arc. He defends with effort, though not necessarily well. There’s a place in the league for stretch fives like him. But he turns 30 in a couple weeks, and his stock is clearly low. At least he’ll have a chance for a bigger payday next summer.

Kristaps Porzingis on Knicks: “This is where I want to stay… this is where I want to win”

2 Comments

There were multiple, connected reasons it was time for the Knicks to move on from the Phil Jackson era — a triangle of reasons, really — but this one should have been at the top of the list:

He was alienating Krisptaps Porzingis.

We don’t know yet if Porzingis can be a franchise NBA player, however, he shows the potential to do it. He could become a top five NBA player you can build a contender around. You endear yourselves to those kinds of players, not get into power struggles that lead to said player blowing off end-of-year meetings and being guided out the door.

With Jackson gone, Porzingis has more motivation to stay a Knick and be the guy that turns the franchise’s fortunes around. KP was running a youth hoops camp in his native Latvia and was taking questions from the children when one kid got in a question the New York media would have loved to ask: Are you going to abandon New York? Here is Porzingis’ answer, translated and obtained by the New York Post.

“I feel that it is the best place to win. And if you win in New York, you are king. For the last two years, I have had so many positive emotions here that this is where I want to stay and that this is where I want to win.”

The Knicks have their cornerstone big. Now they need a guy on the outside (Kyrie Irving will get mentioned, but he is not the only answer), they need to get and develop young players to go with their stars. It’s the next phase for the Knicks.

But if they can keep Porzingis happy, they can lock him up to a max rookie extension after next year and have that piece in place. Then it’s up to Steve Mills and Scott Perry to put the pieces around him.

Report: LeBron James won’t waive his no-trade clause

AP Photo/Ron Schwane
5 Comments

They Cavaliers have had a frustratingly lousy offseason.

They ousted trusted general manager David Griffin. Since, they’ve watched Golden State load up while their roster stagnates, as stars like Paul George and Jimmy Butler have landed elsewhere. Now, Kyrie Irving is requesting a trade and reportedly blaming LeBron James for that leaking.

LeBron has practically thrown up his hands and left ownership and management to figure out everything.

But LeBron – with rumors swirling about him leaving in 2018 free agency – won’t take an earlier exit.

Chris Haynes of ESPN:

LeBron James will not waive his no-trade clause for any teams at any point during the 2017-18 season, league sources tell ESPN.

Cleveland essentially has two options with Irving:

1. Trade him for better, older players

2. Trade him for worse, younger players

No. 2 becomes much more palatable if the Cavs can also flip LeBron (and Kevin Love) and launch into a full rebuild. But as long as LeBron is around, it’s hard not to contend for a title.

But if they trade Irving for immediate help and LeBron leaves next summer, the Cavaliers could be left with a ghastly roster. That might be the risk they’re forced to take now.

It’s hard to believe the Cavs would trade beloved LeBron, even if he didn’t hold veto power. It would turn owner Dan Gilbert and general manager Koby Altman into Cleveland villains, co-conspirators in LeBron leaving again. If Gilbert and Altman dare LeBron to leave in free agency, LeBron would have to own the decision himself.

Still, if LeBron and Irving would return incredible hauls of younger players and draft picks – I can’t even imagine what LeBron would draw in a trade – Gilbert and Altman should at least consider it. It just doesn’t seem the Cavs will have that option.