Report: Nets lost $144 million this past season. Even Prokhorov seems to care.

21 Comments

Here’s what’s often left out when discussing the spending of Mikhail Prokhorov and the finances of the Brooklyn Nets: This is a much bigger play for him than just the team. This is a real estate deal.

In addition to the majority of the Nets Prokhorov owns 45 percent of the Barclay’s center and has the right to buy up to 20 percent of the surrounding Atlantic Yards development (worth an estimated $4 billion and increasing). This is why reading into the money lost by teams in a year-over year basis gets convoluted, owners have their hands in a lot of pockets.

But the Nets basketball operations are bathed in $144 million of red ink and are screwing with the NBA’s profit/loss curve, reports Zach Lowe at Grantland.

The basketball side of the Nets’ business is projected to have lost $144 million over the 2013-14 season, according to a confidential memo the league sent to all 30 teams in early June. (Grantland has reviewed and verified the memo with a half-dozen sources.) If that strikes you as out of whack, that’s because it is.

The NBA expects nine teams will end up having lost money once luxury-tax distribution and revenue-sharing payments are finalized. The Nets, with that monster $144 million figure, are the biggest losers. Next in line? The Wizards, with projected losses of about $13 million. That’s right: The Nets lost $131 million more than any other NBA team last season. This is what happens when you pay $90 million in luxury tax for an aging roster and play in a market so large you are ineligible to receive any revenue-sharing help.

Again, that is basketball operations, it does not include any money Prokhorov makes with his other hand on the Barclay’s Center. Still, that is a whopping amount of red ink.

Prokhorov reportedly has ordered a round of belt tightening, which is understandable (and tied to making minority owner Bruce Rattner’s minority share that is for sale look more attractive, Lowe reports). But all this red ink starts with the Russian oligarch himself — he ordered Billy King to put together a big roster that could “open” the Barclays Center and win games. Doing that means thrashing future assets and spending. Billy King has his flaws as a GM but here he was the good employee following company orders.

However the NBA is not the Barclays Premier League — a Russian billionaire cannot just come in and buy players and get his team a title. Not the way it works in a salary cap world.

The Nets may have upgraded their coach if they bring in Lionel Hollins as expected. But If they are really serious about winning it’s going to take some better roster management, not squandering of resources.

And that will help the bottom line, too.

Carmelo Anthony on shrinking role with Knicks: ‘I see the writing on the wall… I’m at peace with that’

Leave a comment

Carmelo Anthony scored just nine points on 12 shots in the Knicks loss to the Heat last night — well below his season averages of 22 points on 19 shots per game.

Anthony, via Ian Begley of ESPN:

“I see the writing on the wall. I see what it is,” Anthony said late Wednesday night. “I see what they’re trying to do, and it’s just me accepting that. That’s what puts me at peace. Just knowing and understanding how things work. I’m at peace with that.”

Is Anthony talking about just the Knicks’ final dozen games of this season, when they’re clearly interesting in testing less-proven players? Or is he referring to his entire tenure in New York?

Anthony has said he’d consider waiving his no-trade clause if the Knicks want to rebuild, and they’ll reportedly try again to trade him this offseason. Perhaps, this is Anthony indicating he’s warming up to the idea of allowing a trade.

Anthony’s and Kristaps Porzingis‘ timelines are barely compatible, if at all. It’d make sense for the Knicks to go in a different direction.

Could Anthony be at peace with that?

Dwight Howard’s offensive rebounding defies convention

Al Bello/Getty Images
Leave a comment

Hawks president/coach Mike Budenholzer has the authority to set the Hawks’ priorities.

“Organizationally, fundamentally,” Budenholzer said, “transition D is more important than anything.”

Dwight Howard challenges that daily.

Howard has already built a Hall of Fame résumé:

  • Eight-time All-NBA center, including five-time first teamer
  • Three-time Defensive Player of the Year
  • Five-time rebounding champ

But the big man is doing something he’s never done before: Grab 15.2% of available offensive rebounds.

And he’s doing it at age 31 in a league that has increasingly deemphasized offensive rebounding. The NBA will set a record this season for lowest offensive-rebounding percentage for the fourth straight year.

Teams have just figured getting back on defense trumps crashing the offensive glass, the strategy emanating most prominently from the Spurs. Budenholzer, a former San Antonio assistant coach, brought the plan straight to Atlanta. The Hawks ranked 28th, last and last in offensive-rebounding in his first three seasons — in part for philosophical reasons, in part because they’ve lacked the personnel to do better. They’ve also been a below-average defensive-rebounding team each season under Budenholzer.

Then Howard signed and forced Budenholzer to adjust.

Atlanta has become an above-average offensive-rebounding team and far better with Howard on the court – a helpful crutch with ace 3-point shooters Kyle Korver and Jeff Teague traded. The Hawks are ceding more transition opportunities, though they remain very good at defending those.

It’s an obvious tradeoff, says Stan Van Gundy. The Pistons coach who coached Howard with the Magic sees the center in the rare class of players who deserve full autonomy to chase offensive rebounds.

“You don’t limit those guys,” Van Gundy said.

Howard has made the most of his freedom to chase rebounds. His 15.2 offensive-rebounding percentage ranks second to only Kenneth Faried among qualified players.

And, again, Howard is 31. Offensive rebounding tends to be a young man’s game.

Here’s top 10 in offensive rebounding this season, plotted by age:

image

Player Team Age Offensive-rebounding percentage
Kenneth Faried DEN 27 16.1
Dwight Howard ATL 31 15.4
Andre Drummond DET 23 15.2
JaVale McGee GSW 29 15
Tarik Black LAL 25 14.8
Tristan Thompson CLE 25 14
Rudy Gobert UTA 24 13.9
Enes Kanter OKC 24 13.9
Kyle O'Quinn NYK 26 13.9
Willy Hernangomez NYK 22 13.8

Howard’s previous career-high offensive-rebounding percentage was 13.8.

The only other players to set career-high offensive-rebounding rates north of 15% after their age-30 season: Dennis Rodman (20.8% at age 33 with the 1994-95 Spurs) and Alan Henderson (15.6% at age 32 with the 2004-05 Mavericks). Both Rodman (Cooke County Junior College and Southeastern Oklahoma State) and Henderson (Indiana) played four years of college basketball, giving them less wear and tear on their bodies and fewer opportunities to post career highs at a young age.

Howard jumped to the NBA straight from high school.

Yet, he’s having a resurgent year in his 13th season. How is he doing it?

“One, I’m not super old,” Howard said earlier this season. “Two, my body feels great. I’ve been doing a lot of stuff to take care of my body.”

Known for eating legendary amounts of candy earlier in his career, perhaps Howard has made a breakthrough. His defensive-rebounding percentage (31.8) is the second-best of his career and ranks fourth in the NBA. That has helped him anchor the league’s fourth-best defense.

Howard has been subject to widespread criticism, and last season with the Rockets was a low point. This year, Howard has recommitted to the basics: Rebounding, defending, scoring inside.

“He’s got a big personality, but I think we all knew that,” Budenholzer said. “But it’s all in the right place. He wants good things, and I’ve really enjoyed coaching him.”

So much so that Budenholzer has compromised a core basketball tenet for Howard.

And it has proved a worthwhile decision.

JaVale McGee misses open dunk (video)

Leave a comment

Shaquille O’Neal said he’d stop talking about JaVale McGee, who has featured prominently on Shaqtin A Fool.

This missed dunk, a low point in the Warriors’ otherwise-impressive win over the Spurs, will test Shaq’s sincerity.

Grizzlies’ James Ennis fouls out then hits half-court shot (video)

AP Photo/David Zalubowski
Leave a comment

Against the Pacers last night, James Ennis missed all three of his 3-point attempts… that counted. And he makes this one after fouling out?

Mike Conley more than picked up the slack to lead the Grizzlies to victory.