Mikhail Prokhorov

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

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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.

Cavs set single-game three-point record in blowout win over Hawks

CLEVELAND, OH - MAY 4: J.R. Smith #5 of the Cleveland Cavaliers shoots a three point jump shot over Kyle Korver #26 of the Atlanta Hawks during the first half of the NBA Eastern Conference semifinals at Quicken Loans Arena on May 4, 2016 in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jason Miller/Getty Images)
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On Monday, the Hawks played the Cavaliers close and even led in the fourth quarter, leading plenty of optimism that Game 2 would be equally competitive, that the Hawks had something to build on.

Nope.

The Cavs dominated from the start on Wednesday, with a 123-98 final score that was far closer than the game actually was — the Cavs led 74-36 at the half and led by as much as 38 at one point in the second half.

The Cavs also hit 25 three-pointers, which is the all-time record for a single game — regular season or playoffs. J.R. Smith hit seven of them, along with four each from LeBron James and Kyrie Irving and three for Kevin Love.

18 of Cleveland’s threes came in the first half, also a playoff record, and this was all Atlanta could do:

That’s the kind of night it was for the Hawks, who now trail 2-0 in the series as it heads back to Atlanta.

LeBron James whips one-handed pass, leads to open Kevin Love three (VIDEO)

CLEVELAND, OH - MAY 2: LeBron James #23 of the Cleveland Cavaliers fights for a loose ball against Al Horford #15 and Kyle Korver #26 of the Atlanta Hawks during the second half of the NBA Eastern Conference semifinals at Quicken Loans Arena on May 2, 2016 in Cleveland, Ohio. The Cavaliers defeated the Hawks 104-93. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jason Miller/Getty Images)
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LeBron James has always been an incredible passer. In the midst of the Cavs’ Game 2 beatdown of the Hawks, he zipped this one-handed beauty into the paint to Kyrie Irving, who kicked it out to Kevin Love for a corner three:

The three was just one of the 18 Cleveland hit in the first half, which set an NBA playoff record.

Report: J.B. Bickerstaff withdraws himself from consideration for Rockets’ coaching job

HOUSTON, TX - APRIL 24: Head Coach J.B. Bickerstaff of the Houston Rockets encourages his team in the seconf half against the Golden State Warriors at Toyota Center on April 24, 2016 in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by dowloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Bob Levey/Getty Images)
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The Houston Rockets are still searching for a head coach — with Jeff Van Gundy believed to be their top target — but it won’t be J.B. Bickerstaff, who has served as the team’s interim coach since they fired Kevin McHale in November. According to The Vertical‘s Adrian Wojnarowski, Bickerstaff has informed Rockets management that he’s no longer in consideration for the job:

After a meeting with ownership and the front office on Tuesday, Houston Rockets interim coach J.B. Bickerstaff has informed team officials that he’s no longer a candidate for the head-coaching job, league sources told The Vertical.

Other NBA teams have started reaching out to Bickerstaff about lead assistant coaching positions, and that’s where he’s transitioned his focus, league sources said.

After the Rockets’ disappointing season and disastrous playoff performance — where they lost in five not-very-competitive games to a Stephen Curry-less Warriors —it makes sense that Bickerstaff would rather get a fresh start as an assistant somewhere else, where he could build up his credentials and be a more highly sought-after head coaching candidate in the future. He isn’t a big name, so he likely wouldn’t be able to command as much money as the Rockets’ head coach as a more established figure would be. Given the Rockets’ uncertain future with Dwight Howard almost certain to opt out and not a lot of long-term pieces around James Harden, it’s not the most stable job in the world.

Celtics’ president Ainge embracing expectation-filled summer

BOSTON, MA - APRIL 13:  Member of the Boston Celtics 1986 championship team Danny Ainge is honored at halftime of the game between the Boston Celtics and Miami Heat at TD Garden on April 13, 2016 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Mike Lawrie/Getty Images)
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BOSTON (AP) — During his tenure as Celtics president, Danny Ainge has developed a reputation as deal maker that pounces on opportunities.

He will forever be tethered to the coup he pulled off in the summer of 2007 to assemble the Big Three of Kevin Garnett, Paul Pierce and Ray Allen just three years into the tenure of then-coach Doc Rivers.

No one is expecting Ainge to recreate that moment this summer, but with a myriad of draft picks and salary cap space at his disposal, he isn’t shying away from the expectation that this offseason could be one of the most important in recent memory.

“We look forward to every offseason. This offseason is bigger,” Ainge said. “My expectations are high this offseason and yet I also know that it takes good fortune.”

Helping those fortunes along will be Boston’s eight draft picks this summer, including three in the first round. The eight picks are Boston’s most since 1987 when the draft had seven rounds.

It not only will provide the Celtics with bargaining chips for potential trades, but the ability to “draft and stash” young players If they want, Ainge said.

A lot will depend on what happens May 17 at the draft lottery. Boston owns the unprotected first-round pick of the Nets, which it picked up in the deal that sent Garnett and Pierce to Brooklyn in 2013.

The Nets finished with the third-worst record in the NBA, so they will hand the Celtics about a 16 percent chance of securing the No. 1 pick with it.

“We need the ping pong balls to bounce our way to give us the best opportunity, whether we use that pick or whether we trade that pick,” Ainge said. “And in free agency we have opportunities. That’s all we have. We have no guarantees of great things happening. We just have a lot of hope.”

Depending on where they land, Ainge could package some of their later picks to move up or trade for future picks.

It’s all in play, and it’s why he is anticipating a much busier lead up to draft night June – both in the number of players they bring in to evaluate and the conversations they have with teams around the league.

What happens in June will then directly affect what trades and free agents the team pursues.

“I don’t think we’ve ever had cap space. So this is a unique opportunity,” Ainge said. “We have to be patient, too. There’s a lot of money around the league. A lot of teams have cap space with the new TV contracts kicking in.”

Ainge said even with the rash of injuries late in the season and into the playoffs, his team is mostly healthy.

The bruised bone in Jae Crowder‘s right foot isn’t serious, nor is the sore left shooting wrist of All-Star Isaiah Thomas.

Avery Bradley wasn’t able to return after his right hamstring injury on the opening night of the playoffs, but Ainge said it was a grade-1 strain and that team simply was being careful not to aggravate it.

The only player that could have surgery is Kelly Olynyk, who played with pain throughout the postseason after aggravating an injury to his right shoulder. Olynyk is expected to make a decision in about a week on how he will proceed.

It’s been a lot to process, but Ainge said he plans to stay as level-headed as possible.

“It doesn’t really do any good to put a noose around our neck and say that there’s all this urgency,” he said. “We have plenty of urgency. Brad wants to win, Isaiah wants to win, Avery wants to win. We all want to win. … But we also have to be patient in doing good deals and not doing bad deals.”

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