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.

Utah’s Donovan Mitchell wins throwback Dunk Contest with Vince Carter tribute

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LOS ANGELES — The 2018 Dunk Contest went retro.

And it worked.

The throwbacks started with Cleveland’s Larry Nance Jr. going quick-change to pay tribute to his father, the 1984 winner of the Dunk Contest.

Nance later had the best dunk of the night, but it wasn’t enough in the face of Utah’s Donovan Mitchell‘s strong and consistent night highlight by his throwback dunk — donning a Vince Carter Toronto dinosaur jersey and doing VC’s famed 360 dunk — which got Mitchell the 48 points he needed to hold-off Nance and win the contest. It was over.

“Growing up I was a big dunker,” Mitchell said. “I wasn’t really much of a basketball player. I just dunked and played defense, and I watched a lot of Vince’s videos. I’ve been seeing what he’s been doing all year at his age, which is incredible.

“So I figured, you know, at my size if I was able to get it, it would be a great dunk and a way to finish it, you know. And actually, funny story is I haven’t made that dunk in like half a year. I tried it in practice the past two days and tried it this morning, didn’t make it. Tried it last night, didn’t make it… But to be able to make it was why I was so excited.”

Earlier in the night, Mitchell had done another tribute worn a Darrell Griffith jersey — Utah’s Dr. Dunkenstien, who went to Louisville like Mitchell — for an off-the-side-of-the-backboard jumping over Kevin Hart dunk.

“You know, just knowing your history, I think, is the biggest thing,” Mitchell said of the throwbacks. “Just understanding where this game originated, I guess the OGs of the game, I guess you would call it. But just understanding. Even if it’s just dunking. Whether it’s dunking in the NBA in general, Darrell Griffith, we went to the same school in college. I know Darrell very well. Both got drafted by the Jazz, and he was an incredible player. To be able to pay homage to him meant a lot to me.”

For my money, Nance had the dunk of the night, his first in the Finals, a double off-the-backboard throwdown that you had to see on replay to get (it wasn’t as evident in the building what he had done until it was re-shown on the big screen).

It was a fun contest all night long.

Mitchell (the leader in the Rookie of the Year race) started it off brilliantly — he brought out a second backboard, and did a self-alley-oop off one to the other.

Larry Nance Jr. did his tribute to his father with his first dunk, and on his second one came from behind the backboard, going around the world, and threw it down hard. That got him into the Finals.

Oladipo missed all three of his dunks in the first round, which almost doomed his night. He, however, did a dunk wearing the Black Panther mask for his second dunk, which impressed.

Mitchell said he wanted to beat Dennis Smith Jr. because the Mavericks’ point guard had beaten him in dunk contests for years. Smith had one monster dunk, when he went between the legs and threw it down hard and got the full 50. It just wasn’t enough to get Smith to the Finals.

Nance started off the final round by bringing out his father again to throw an alley-oop to a windmill. Mitchell responded with a self-alley-oop to a windmill that was flat-out wicked. That got Mitchell a 50-46 lead after one round of the Finals.

Then Mitchell went to Vince Carter and “it was over.”

Larry Nance Jr. throws alley-oop to himself, throws alley-oop to himself (video)

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LOS ANGELES — Cavaliers forward Larry Nance Jr. immediately motioned for the replay to be shown of this dunk. It was necessary to properly appreciate it.

Best dunk of the night.

Donovan Mitchell won the dunk contest, though.

Larry Nance Jr. plays tribute to father — rock-the-cradle dunk in Suns uniform

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LOS ANGELES — Back in 1984, high-flying Larry Nance Sr. won the first NBA All-Star Dunk Contest with this set of dunks — most famously a rock-the-cradle move.

Larry Nance Jr. came into the 2018 Dunk Contest and went nostalgic — all the way back to the Suns’ throwback uniform and the same dunk.

That and a good second dunk got him into the Dunk Contest finals. In that round, Nance Sr. threw an alley-oop to his son for the windmill.

Donovan Mitchell throws alley-oop to himself – off second backboard (video)

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LOS ANGELES – Jazz guard Donovan Mitchell set a high standard with the first slam of the 2018 dunk contest.

Very creative. Very well-executed.

Looks like all that preparation paid off.