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.

Report: Clippers hiring ex-Cavaliers executive Trent Redden

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The power dynamics within the Clippers are shifting, and the ground apparently hasn’t settled yet.

Doc Rivers has been stripped of his presidency. Jerry West became a consultant. Lawrence Frank now holds the most prestigious title in the front office, and newly hired Michael Winger will report to him. Also falling under Frank in the organizational chart? Trent Redden.

Kevin Arnovitz of ESPN:

Longtime Cleveland Cavaliers executive Trent Redden will join the LA Clippers’ front-office staff as assistant general manager, league sources said on Monday.

Redden was ousted in Cleveland with David Griffin. He’ll help the Clippers simply by providing another capable executive. They’ve long needed to add front-office employees (and pay for them).

But Redden also exacerbates the issue of Frank’s underlings having far more front-office experience than him. As the Clippers try to establish their new setup, we’ll see whether that creates complications.

Warriors’ Steve Kerr: I expect to coach all season and for many years ahead

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Warriors coach Steve Kerr has missed significant time the last two seasons due to complications from back surgery.

Could those issues derail his career?

Kerr, via Scott Ostler of the San Francisco Chronicle:

“I fully expect to coach all year,” Kerr says in a no-nonsense tone. “That’s my expectation. And for many years to come.”

On the most basic level, it’d be good if Kerr feels well enough to coach. The headaches sound miserable, regardless of his job.

But it’d also be ideal if the NBA didn’t lose one of its best coaches just as he’s getting started. The 51-year-old Kerr might wind up the greatest coach of all time. Obviously that’s a long way off, but he has that potential – health permitting.

Quinn Cook signing two-year contract with Hawks

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The Hawks began last season with just two point guards, one fewer than most teams – especially notable because neither starter Dennis Schroder nor backup Malcolm Delaney was experienced for his role.

Schroder and Delaney return, but Atlanta is adding another option – Quinn Cook.

Shams Charania of Yahoo Sports:

Cook is a borderline NBA player. He might not make the regular-season roster. He also might supplant Delaney for a rotation spot.

A 24-year-old who has spent most of the last two years in the D-League (also getting stints with the Mavericks and Pelicans), Cook is a good outside shooter. He’s also steady, if unspectacular, in his lead-guard duties.

This is a solid flier at a position the Hawks could use depth.

Knicks sign Xavier Rathan-Mayes and Jamel Artis

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The Knicks signing Nigel Hayes leaked first.

But New York didn’t stop there.

Knicks release:

The New York Knickerbockers announced today that the team has signed forwards Jamel Artis and Nigel Hayes and guard Xavier Rathan-Mayes.

Like Hayes, Artis (Pittsburgh) and Rathan-Mayes (Florida State) went undrafted this year – making them eligible to be waived and assigned to the Knicks’ minor-league affiliate. That’s likely all three’s fate.

But first, each will have an opportunity to make the regular-season roster. The Knicks have just 14 players with guaranteed salaries, leaving one roster spot for someone on a standard contract. Chasson Randle (unguaranteed) is the incumbent choice, but these three could supplant him.