Report: Shelly Sterling has received ‘handful’ of $1 billion-plus bids for Clippers

4 Comments

Donald Sterling, through his attorney, says he’s not ready to sell the Clippers. Depending on the precise language of a letter he signed, he may or may not have already given his wife full authority to sell the team.

Either way, the NBA is planning to vote out the Sterlings Tuesday. That doesn’t leave much time for the league to vet any buyers before approving a Sterling-approved sale.

Facing roadblocks from all directions, Shelly Sterling is forging ahead in her attempts to sell the team anyway.

Ramona Shelburne and Darren Rovell ESPN.com write:

Shelly Sterling and her advisers received a handful of bids for the team Wednesday — with sources saying the bids are well more than $1 billion — in what is turning into a rush to find a buyer for the franchise before Tuesday’s Board of Governors meeting at which both of the Sterlings’ ownership interests could be terminated.

Despite the pace of the sale and seriousness of the buyers — sources said bidders were asked to post a $300 million deposit — Donald Sterling’s continuing opposition is beginning to worry several groups. The concern, one source with knowledge of the situation told ESPN, is that he is using this sale process to establish a value for the team so he later can sue the league for damages if forced to sell.

In the books given to prospective buyers, sources said, Shelly Sterling has offered to sell 100 percent of the team, which has been an important condition for the NBA.

The franchise and the team’s recently built practice facility in Playa Vista, California, are part of the sale, sources said. However, the winning bidder theoretically could prefer to lease the facility from the Sterlings, a source said.

Shelly Sterling has retained Bank of America to handle the sale. Initial bids were due Wednesday. However, a source told ESPN that several groups were given an extension until Thursday. While there was initially a sense that there would be several rounds of bidding, it now appears the strongest bidders will simply negotiate directly with Shelly Sterling and her advisers over the next few days.

If the Sterlings are using this process to establish value for the team to seek damages, they’re probably going about it the wrong way. By demanding a $300 million deposit – which would sit in escrow until all lawsuits are resolved, according to Bill Simmons of ESPN – and threatening a Donald-filed lawsuit involving anyone and everyone, the Sterlings are reducing the value of the bids.

If they just want to control the sale of the team on their own terms, OK. But if they want to maximize their return, they’re failing. The team will likely sell for more once the NBA takes control of the process, excising at least some of the Sterling complications to the process.

Regardless, I can’t see Shelly reaching an agreement with a buyer in time for the NBA to vet the new owners and approve the sale.

Russell Westbrook hits game-winning 3-pointer to beat Kings (VIDEO)

2 Comments

Welp, looks like Russell Westbrook is re-energized after All-Star Weekend.

As the first night of games after the break got underway on Thursday night, it was Westbrook who gave us a jolt as he helped the Oklahoma City Thunder beat the Sacramento Kings on the road.

With just a second to go, Sacramento’s Justin Jackson had tied the game up at 107-107. This came after Vince Carter pulled up confidently from nearly 30 feet out, missing badly. Sacramento missed another follow, and then Jackson put home the final try.

Via Twitter:

That left the Thunder to advance the ball with just one second left.

Oklahoma City ran a simple play with Westbrook running near-to-far across the arc from the inbounder, eventually settling at the top of the 3-point line.

He let it fly, and that allowed OKC to come away with a win, 110-107.

Bulls find way to lose despite being up by 5 with 35 seconds left

AP
Leave a comment

CHICAGO (AP) Ben Simmons scored 32 points, making two free throws with 5.6 seconds left to complete Philadelphia’s rally from five points down in the final minute, and the 76ers beat the Chicago Bulls 116-115 on Thursday night.

Joel Embiid had 30 points and 13 rebounds, and Simmons added 11 assists and seven rebounds as Philadelphia won its sixth straight and snapped a four-game road losing streak.

Bobby Portis had a career-high 38 points and Zach LaVine added 23 for the Bulls, who were 18 for 34 on 3-pointers.

Chicago had a 115-114 lead and the ball with 8 seconds to go before Embiid deflected an inbounds pass to create a turnover. Simmons came up with the ball near half court and was fouled by Denzel Valentine. He made both free throws.

Portis had a chance for a game winner, but his short attempt – with Embiid defending – just missed.

The 76ers raced to a 25-7 lead midway through the first quarter before Portis got hot and Chicago started making 3s.

Philadelphia’s lead was down to 33-29 at the end of the quarter and the Bulls busted out for 40 points in the second to take a 69-67 halftime lead. Chicago was 9 of 12 on 3-pointers in the quarter, including 4 for 5 by Portis.

The 76ers were up by five early in the fourth before Portis scored six straight points – on a 3-pointer and a three-point play – to put the Bulls on top 101-100. A few minutes later, Portis dunked over Embiid to stretch the lead to 111-106 with just over four minutes to play.

LaVine hit a 3-pointer to make it 115-110 with 1:02 left.

TIP INS

76ers: C Embiid has nine straight double-doubles . Simmons has six triple-doubles this season, which ties him with Wilt Chamberlain (three times) and Billy Cunningham for most in a season in team history.

Bulls: To look at some younger players during the final 25 games, C Robin Lopez and G/F Justin Holiday were removed from the starting lineup. Both were inactive on Thursday as Cristiano Felicio and David Nwaba (21 points) started; Also, Cameron Payne – who played in his first game on Thursday – will replace Jerian Grant as the backup point guard.

“It really is hard,” coach Fred Hoiberg said. “It’s hard for Robin, it’s hard for Justin and it’s hard for Jerian, who’s probably making as big a sacrifice as anybody.”

UP NEXT

76ers: Host Orlando on Saturday.

Bulls: Visit Minnesota Saturday night.

Kelly Oubre gets caught untying Rodney Hood’s shoes (VIDEO)

Getty
2 Comments

The NBA seems to have a secret obsession with tying and untying shoes mid-game. J.R. Smith once got a warning for doing as much, finally earning himself a $50,000 fine after doing it multiple times. Likewise, other players like Rajon Rondo and Danny Green have pulled down the shorts of opponents while the clock was rolling.

Perhaps that emboldened Washington Wizards forward Kelly Oubre on Thursday night as his team took on the Cleveland Cavaliers in Ohio.

During the game, game operations crew at The Q ran a video on the big board that appeared to show Oubre untying the shoes of Cavaliers guard Rodney Hood.

Via Twitter:

These guys have so much to think about during a game I’m honestly impressed that they have the time to remember to do petty stuff like this.

I suppose it worked?

Oubre had 17 points off the bench, adding five rebounds, two assists, and two steals. Hood had just eight points in 27 minutes on the floor.

The Wizards beat the Cavaliers on the road, 110-103.

Report: Warriors will spend trip to D.C. with kids, not Trump

AP
4 Comments

Donald Trump decided to disinvite the Golden State Warriors to the White House despite team winning the 2017 NBA Championship. Many members of the Warriors have been critical of Trump during his short tenure in Washington D.C., which the former mail order steak salesman has not taken lightly.

With no invitation to the White House on hand, and considerable doubts that the team would go even if the opportunity resurfaced, the Warriors have decided to take a private tour around the nation’s capital instead.

According to a report from ESPN, the team will take a trip with just players, coaches, and some kids to a discreet location as part of a tour.

Via ESPN:

Head coach Steve Kerr left it up to the players to determine how they wanted to spend their time, and the players selected a venue in which local kids would join them. It will be closed off to the media, sources said.

The players wanted the outing to be a personal, intimate experience.

“It’s their championship. They got disinvited to the White House, so it’s up to them what they wanted to do. So they made their plans,” Kerr told ESPN. “I want the players to have a good day and to do something positive and to enjoy what they’re doing.”

Golden State will be in D.C. to play the Washington Wizards on February 28. They will reportedly take their trip — sure to be fun for the kids — the day before.

Meanwhile, you have to wonder if an NBA team will ever visit the White House while Trump lives there. People from LeBron James to Gregg Popovich have spoken out about their disagreements with him, and the Warriors were pretty vocal about not attending a ceremony with Trump.