Mikhail Prokhorov

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


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.

Kristaps Porzingis grew up a Kobe fan. Still is one.


When you hear player comparisons for Knicks rookie, the most common is Dirk Nowitzki — a European big with ridiculous shooting range and potential to embarrass anyone.

So did he grow up idolizing Dirk? Not so much.

Rather, like many of his generation, he grew up idolizing Kobe Bryant, he told Mike Francesa of WFAN.

“My favorite player growing up was Kobe. The Lakers were my team and I still love him.”

There is an entire generation of NBA players — and just fans — who would say the same thing.

In the interview, Porzingis laments his missed shots and turnovers, he thinks he can be a lot better. That is exactly what you want out of a rookie. It’s a huge adjustment playing at the NBA level, the speed of the game and IQ is a leap from Europe (or college). Recognizing the challenge is part of it.

There’s a lot to like in Porzingis. He could be special (we don’t know yet, we see only the potential). But idolizing Kobe — and if you understand the work he put in, the passion for the game — can be a good start.

(Hat tip NBA reddit)

Warriors’ interim coach Luke Walton’s car stolen

Luke Walton

If you’re looking for a “when are things going to go wrong for the Warriors” moment, we have one for you. But it may not be what you had hoped for.

Warriors’ interim head coach Luke Walton — the guy on the sidelines for the 15 (soon to be 16) game winning streak — had his car stolen during a crime spree, reports NBCBayArea.com.

One of the cars stolen during an Oakland Hills crime spree belongs to Golden State Warriors coach Luke Walton, Alameda County District Attorney Nancy O’Malley said late Monday.

Walton’s Mercedes Benz was stolen Tuesday by two suspects, who police believe are also responsible for a violent attack on a 75-year-old woman outside her home on Thursday. The suspects also took the woman’s car during the attack, according to police.

Yikes. That’s serious.

I’m sure Steve Kerr has like 14 cars, he can loan one to Walton.

Pacers guard George Hill returns Tuesday against Wizards

Paul George, Marcus Morris
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WASHINGTON (AP) — Pacers guard George Hill returned to the lineup Tuesday night against Washington after missing three games with an upper respiratory infection.

Hill is averaging 14 points and just under 37 minutes in 10 games this season. He was on the bench in case of emergency in Saturday’s victory over Milwaukee.

Coach Frank Vogel said Tuesday Hill’s infection had improved “to the point where he’s fine to play,” but would keep an eye out for fatigue after an 11-day layoff.

Hassan Whiteside on intentional fouls: “It’s not working, so keep fouling me”

Hassan Whiteside

Remember how Adam Silver was preaching that the league didn’t want to change the intentional foul rule — the hack-a-Shaq strategy — because it was really about two players (DeAndre Jordan and Dwight Howard) and a handful of others now and then. The fact that it’s not basketball didn’t matter.

Well, it’s not just two — Miami’s Hassan Whiteside has gotten the treatment this season. He’s a 53.4 percent free throw shooter this season.

And he says bring it on. From Jason Lieser of the Palm Beach Post:

“I’m enjoying this,” he said. “Foul me so I can get a double-double and we can win. It’s not working, so keep fouling me.”

He’s even smart at not getting fouled.

Whiteside also is liking that teams are looking at their options against the best defense in the NBA — yes, Miami at 94 points allowed per 100 possessions, is the best defense in the NBA right now — and deciding to attack Whiteside.

“There’s teams that’s out there that say ‘Stay away from Hassan,’ and there’s teams that say, ‘We don’t care if Hassan’s down there. Attack Hassan.’ I love them teams that do that. God bless them coaches. I love them teams.”

Whiteside is not as great a defender as the block totals would indicate — if he doesn’t see a block in it, his rotations can be a bit slow. One scout recently called him a selfish defender to me recently, suggesting he is in it for the numbers, not the sacrifices needed for an elite defense. True or not, the Heat have an elite defense and Whiteside is at the heart of it.

And if the strategy is to try to exploit him, Whiteside plans to make people pay.