Leslie Alexander is selling the Rockets.
Maybe, partially, Beyonce.
Scott Soshnick of Bloomberg:
Pop superstar Beyonce, a Houston native, is mulling an investment in the National Basketball Association’s Rockets, according to people familiar with the matter.
In a rule that interestingly stems from her husband – Jay Z, who previously owned a small share of the Nets – teams can no longer sell less than 1% stakes.
Forbes valued the Rockets at $1.65 billion and Beyonce at $350 million. So, unlike many celebrities rumored to buying teams, this is actually viable. She could afford a $16.5 million 1% share.
She’ll obviously need to join a group led by a wealthier buyer. But it shouldn’t be too hard to find billionaires who want to associate with her celebrity.
The NBA will certainly monitor situation closely, as it does, considering Jay Z now oversees an agency. I’m not sure what steps will be necessary to avoid a conflict of interest or appearance of one, but that might be the biggest obstacle if Beyonce wants to get involved.
It is not clear how many players left with Fegan, but two of ISE’s biggest NBA star clients, DeMarcus Cousins and Ricky Rubio, were signed to Fegan for on-the-court representation. However, those players and others may still be represented by ISE for marketing work, sources said.
The Pelicans, long linked to Joe Dumars, have stuck with Dell Demps as general manager.
But New Orleans will maintain a connection to Dumars.
The former Pistons general manager has been named president of the basketball division of Independent Sports & Entertainment, the agency that fired Dan Fegan (and hired Kevin Johnson). ISE represents Pelicans center DeMarcus Cousins, who will be an unrestricted free agent next summer.
This could be good news for the Pelicans. Their executive vice president of basketball operations – Mickey Loomis – is a friend of Dumars, a Louisiana native. Dumars, who was quite fond of Cousins while running the Pistons, could help link the two.
The Pelicans went all-in on Cousins when trading for him last season. If he leaves in free agency, they’ll have little left to build a successful team around Anthony Davis.
It’s nice to see Dumars back in basketball, after the disastrous end to his previously strong tenure in Detroit. He has built many relationships that could serve him well in the agent business, though he’ll now be negotiating against general managers who might not be as generous on contracts as he was. In addition to Cousins, ISE’s clients include Chandler Parsons, Ricky Rubio and Rodney Hood. So, this is a fairly powerful position for Dumars.
LaVar Ball, love him or loathe him, has done a great job of capturing attention.
He’s a TV and internet star. Shaquille O’Neal released a song about him. And now even Michael Jordan – whom Ball infamously said he could beat one-on-one – is addressing Lonzo Ball‘s father.
Jordan, via Bay Area HQ:
Every parent is very proud of their kids. I don’t discourage that. I think the kid is really good. I think he has the potential to be a good player. His father is obviously proud of him, of all his kids obviously – like any father would be proud of his kids, obviously
But I would say, if I had to sit down and talk to him right now – if you guys were not here – I’d tell him to shut up and just let the kids play.
You guys have to understand the source. He played, I think, college, maybe? He averaged 2.2 points a game. Really? It doesn’t deserve an answer, but I’m going to give it to you because you asked the question. I don’t think he could beat me if I was one-legged.
It’s really a credit to Lonzo that he has maintained his poise and focus amid all the noise. But I do wonder how LaVar affects him, especially when LaVar disparages Lonzo’s Lakers teammates and opponents.
As far as a one-on-one game between LaVar and Jordan, I never understood the fascination. Of course, Jordan would win. To me, it’s just not interesting. Man says something outlandish and obviously false. Who cares? But many are drawn to the storyline – to the point Jordan got asked about it and addressed it. That’s a huge win for LaVar in his ongoing efforts to promote himself.
When the Boston Red Sox traded for Chris Sale, New York Yankees general manager Brian Cashman called the Red Sox “the Golden State Warriors of baseball.”
Well, the Yankees dealt for Sonny Gray just before yesterday’s trade deadline.
Red Sox president Dave Dombrowski, via Evan Drellich of CSN New England:
“You mean the Golden State Warriors, you’re talking about?” Dombrowski said in a Fenway Park press conference. “I think the Golden State Warriors have significantly made some moves. I expected it. I would have been surprised if they didn’t. But I think Brian probably has made them the Golden State Warriors, and we’re the significant underdogs, when I’m listening to the MLB Network. So it kind of switched.
“I would anticipate, like [Cashman] said earlier in the year, that he didn’t know how the Red Sox would lose a game — I think it’ll be the same. I don’t know how they’ll lose a game right now. They made some good moves. They made their club significantly better. It didn’t surprise me at all. It was out there for an extended period that they were looking to do those things.”
It’s perfectly fitting that “Warriors” has become the go-to designation for heaping burdensome expectations on an opponent.
Clippers forward Danilo Gallinari, playing for Italy against the Netherlands, hit Dutch forward Jito Kok so hard in the face, Gallinari hurt his hand.
Gallinari in La Gazzetta dello Sport, as translated by E. Carchia of Sportando:
“I am very sorry for so many reasons. First because I am not part anymore of the Italian NT team and for the way I left it. Italian NT is like a second family to me and I feel really bad. I reacted after being elbowed. My reaction must be condemned but I got an elbow and we’ll never know if it was on purpose or not. The problem is that the elbows were flying high for a while during the game and when we were shooting they put their feet under us with the risk of getting hurt. In a short way, they were not playing clean. The game looked more as a fight. With this, I am not seeking an alibi, my reaction is inexcusable. I apologize to my teammates, to the whole National Team and also to Kok. I lost my control, never happened before and never have to happen again” Gallinari said.
Good for Gallinari for both apologizing and explaining himself. This is a great template for anyone who wants to do both.