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.

Charles Barkley tells Shaq he had to ride the coattails of Kobe Bryant, Dwyane Wade (VIDEO)

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Shaquille O’Neal and Charles Barkley can sometimes get into it on TNT’s programming surrounding NBA games, but Tuesday night after the Cleveland Cavaliers beat the Boston Celtics in Game 4, 112-99, was something different.

The two got testy — even more so than usual — as Barkley and Shaq traded insults.

Most notably, O’Neal went after the fact that Barkley only once made the NBA Finals, while Chuck told Shaq he had to ride the coattails of Kobe Bryant and Dwyane Wade to get his rings.

It felt at least partially real, especially if you watch Ernie Johnson’s reaction during the back-and-forth.

Via Twitter:

Game 4 was more interesting, but a 30 minute special where Chuck and Shaq actually do move the furniture and throw down might draw more viewers than these playoffs.

Here’s Kyrie Irving going nuts on the Celtics in the third quarter of Game 3 (VIDEO)

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Kyrie Irving went crazy on the Boston Celtics on Tuesday, scoring 23 points in the third quarter while simultaneously saving the Cleveland Cavaliers in Game 4. Thanks to his efforts, the Cavaliers now have a chance to head back to Boston on Thursday for an elimination Game 5.

If you were unable to watch Irving go bananas as LeBron James struggled with foul trouble, it truly was a dazzling display. Cleveland scored a whopping 40 points in the third quarter alone, and Irving seemed energized by a rolled ankle he suffered in the period.

So without further ado, let’s take a look at how Kyrie got the Cavaliers’ groove back.

Via Twitter:

Not bad, not bad. If you like that sort of thing.

What I really like is this move that came in the fourth quarter.

I just fell out of my chair, someone help me up.

Cleveland beat Boston, 112-99. They now lead the series, 3-1.

Watch LeBron James miss a wide open dunk against the Celtics in Game 4 (VIDEO)

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LeBron James did not have a good first half on Tuesday night against the Boston Celtics. The Cleveland Cavaliers star had four fouls in the first half, the first time that had ever happened according to ESPN.

Things were not going well for James when he went up for a dunk with nary a defender in front of him and he still wound up being unable to convert the bucket.

This is something you don’t see every day.

Via Twitter:

Of course, thanks to a 23-point quarter by Kyrie Irving the missed dunk didn’t seem to mean much. LeBron’s playoff entry to Shaqtin’ A Fool will be duly noted.

Meanwhile, the Kyrie Irving saved the Cavaliers in Game 4 with a 42-point effort. The Cavaliers beat the Celtics, 112-99, and will have a chance to close the series Thursday night in Boston in Game 5.

Kyrie Irving scores 23 in third quarter, saves Cavaliers in Game 4 win over Celtics

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The Boston Celtics led by as many as 16 points, but Kyrie Irving‘s 23-point third quarter sparked a Cleveland Cavaliers comeback that the visiting squad could never match. With LeBron James struggling early, Irving’s incredible play helped Cleveland grab a win in Game 4, 112-99.

James was the big storyline as the game opened, as the King again struggled with scoring. James got himself into foul trouble hilariously early, racking up his fourth foul in the second quarter. It was the first time in his career that James had four fouls in the first half, and it hamstrung the Cavaliers.

Boston continued their effective play on offense, seemingly less predictable with Isaiah Thomas out with a hip injury. Avery Bradley and Jae Crowder were the stars for the Celtics, but after an incredible Game 3 performance Marcus Smart failed to deliver.

Irving’s big third quarter was of course the main storyline of the game, with the star guard going nuts on Celtics defenders with a bevy of crossovers, twisting layups, and pull up 3-pointers. He did all this after rolling his ankle, seemingly using the adrenaline to fight off both injury and a series tie at 2-2. Irving’s 23-point quarter fueled a 40-point period for Cleveland, helping them turn the tables and take a 7-point lead going into the fourth.

LeBron seemed to reactivate off Irving’s stellar play, and he wound up scoring 34 points on 15-of-27 shooting, adding six assists, five rebounds, a steal and a block. Irving finished with 42 points, going 4-of-7 from 3-point range to go along with four assists and three rebounds.

Boston was led by Bradley, who scored 19 points but went just 1-of-7 from 3-point range. Crowder added 18 points, eight rebounds, and four assists. Al Horford dropped 16 points, seven assists, and three rebounds.

Cleveland now has a chance to put us out of our misery and close this series in Boston in Game 5 on Thursday.

If the Cavaliers do close, the big questions that remain will be whether LeBron can perform steadily and if the Cavaliers have what it takes on defense to slow down the Golden State Warriors.