Kurt Helin

Milwaukee Bucks v Cleveland Cavaliers

Blazers’ Miller sues to recover money lost in Ponzi scheme

2 Comments

SIOUX FALLS, S.D. (AP) — Former Cleveland Cavaliers and current Portland Trail Blazers forward Mike Miller has filed a lawsuit aimed at recovering what remains of $1.7 million he said he lost in a Ponzi scheme.

The Argus Leader reports (http://argusne.ws/1JZl3cx ) Miller seeks to recover his investment in RAHFCO Hedge Funds.

In 2013, the Securities and Exchange Commission filed a complaint saying Randy Hansen of Sioux Falls, the public face of RAHFCO, and Vincent Puma of New Jersey concocted phony account statements that misrepresented their trading.

Authorities say RAHFCO promised huge returns to new investors and used their deposits to pay off others.

Miller’s lawyer says his client has recouped a “substantial amount” of his $1.7 million, but sued Puma for the rest Sept. 4.

Puma’s former attorney wasn’t aware of the lawsuit and no number was listed at Puma’s home.

Report: Knicks “getting closer” to talking ‘Melo trade

New York Knicks v Miami Heat
11 Comments

Does having 31-year-old Carmelo Anthony — and the four-years, $101 million remaining on the contract he signed last summer — at the center of the rebuilding Knicks roster make much sense? I bet the business operations people at Madison Square Garden say yes — he still sells tickets/jerseys/ is at the heart of their marketing. Basketball wise, if the team can jumpstart the rebuilding with what would come back in a trade, it would have to be considered. Also, would ‘Melo himself be open to moving to a team where he can chase a ring?

The Knicks may be coming around to the idea of trading the guy with the name on the top of the marquee, reports Zach Lowe at Grantland (in a throw away line in a post talking about the trade market for Markieff Morris).

The Kings and Knicks should take a look, even though neither has movable assets that would interest Phoenix — unless the Knicks are ready to engage in Carmelo Anthony trade talks. (They’re not there, yet. But they’re getting closer.)

Two things have to happen for the Knicks even to open the door to trading Anthony, and neither is likely before next summer.

First, Knicks owner James Dolan has to sign off on it. Phil Jackson is paid $12 million a year to keep the meddling owner at arm’s length from basketball operations and decision-making — but there is no way Dolan wouldn’t be part of this discussion. Anthony, for all his flaws, is the guy Dolan wanted. He’s the guy people pay to see play. Is Dolan ready to jettison his star and fully embrace the rebuild around Kristaps Porzingis (without a lot of picks in the near future)?

Second, Anthony would need to waive his no-trade clause, and I can think of tens of millions of reasons he would choose to wait on that, all because of his 15 percent trade kicker.

I think Anthony is a Knick for another season. In part because the Knicks want to be respectable this season — they went out and got Robin Lopez and Arron Afflalo for a reason.

Where it gets interesting is next summer — the salary cap spikes, two-thirds of the NBA has max salary cap space they want to fill, there aren’t nearly enough free agents worth that money, and suddenly an Anthony trade becomes more attractive. Plus, he gets more of his trade kicker dollars.

So getting closer sounds about right. By next summer, it might be very close.

51 Q: Which team takes biggest step back this season?

lillard
6 Comments

51 Questions in 51 Days. PBT is previewing the 2015-16 NBA season by tackling 51 big questions that we can’t wait to see answered once play tips off. We will answer one a day right up to the start of the season Oct. 27. Today’s question:

WHICH TEAM WILL TAKE THE BIGGEST STEP BACK THIS SEASON?

Kurt Helin: Portland Trail Blazers

Portland is the clear and obvious choice — they lost or traded LaMarcus Aldridge, Wesley Matthews, Robin Lopez, and Nicolas Batum. That’s four starters out the door (plus guys like Arron Afflalo), and the guys they brought in are not of the same quality — many are not good jump shooters. When Aldridge chose to take his talents to San Antonio, the Blazers wisely decided to rebuild — and it’s a lot easier to rebuild when you start with a piece like Damian Lillard. But it’s going to be a process, at times a painful one. What they do offensively now must change — they loved the pick-and-pop with Aldridge, but now their big guys can’t shoot with range, so they are going to roll and that will draw defenders into the paint, meaning things will get clogged. It’s going to be a rough season in Portland.

One team that will push Portland for the crown? The Atlanta Hawks. They won 60 games last season and I expect a healthy step back for a few reasons: 1) They weren’t as good as their record last year, they had the point differential of a 56-win team; 2) They are going to miss DeMarre Carroll on the wing, especially with Thabo Sefolosha still trying to come back from injury; 3) Last season in the regular season they were fortunate to be largely healthy, odds say they will not be that lucky again. The Hawks are still a quality playoff team, they made some quality pickups in the offseason such as Tiago Splitter, but they will fall back to reality this season.


Dan Feldman: Portland Trail Blazers

Portland — largely by design, once LaMarcus Aldridge left — has chosen to take a step back. And it should be a large step. The Trail Blazers SLUMPED to a 51-31 finish last season. When everyone was healthy, they at least belonged in the championship-contender conversation. Now, it’d be a minor miracle if they won 51 games, let alone seriously enter the playoff race. They let Wesley Matthews, Robin Lopez and Arron Afflalo walk in free agency, and they traded Nicolas Batum. That’s just too much attrition from a team that values continuity, especially when the replacements are so young and unproven. I like what the Trail Blazers are doing. I just don’t expect them to win much this season.

Sean Highkin: Boston Celtics

Boston was the surprise of the second half of last season, going 20-11 after the All-Star break and sneaking into the playoffs as the seventh seed. It’s to Brad Stevens’ enormous credit that this roster of mostly spare parts played as well as it did down the stretch. And none of the moves they made this summer were bad, per se — it’s just hard to see where they got definitively better, at least to the point where they can definitely be penciled in as a definite playoff team. They re-signed Jae Crowder and Jonas Jerebko to good value contracts and signed Amir Johnson to fortify the paint, but they still lack an identity beyond “scrappy overachievers.” They have four point guards now, and none of them (save for maybe Marcus Smart) are the clear long-term answer. Danny Ainge is still waiting for the day when the years of asset collecting translate into a star. It’s certainly not anybody on this roster, which is full of players who are the fourth or fifth-best player on a good team. Boston should be right around where they were last season: in the mix for one of the final playoff spots in the East, but without a clear path forward.

Rajon Rondo working on moves, shooting while riding PhunkeeDuck

Dallas Mavericks v Houston Rockets - Game Two
6 Comments

Drinking a beer and riding a PhunkeeDuck around the arena after an NBA Finals loss? That may not go over so well.

But getting in a little work on some ball handling and shooting drills while riding one in the off-season? Why not? Camps don’t open for three weeks, and all work and no play makes Rondo a dull boy.

And Rajon Rondo‘s going to have a little fun.

A video posted by Rajon Rondo (@rajonrondo) on

I’m not sure how George Karl works this into the Kings’ offense this season. But if Marco Belinelli rides one during the game is he faster?

It’s official: Sixers sign point guard Kendall Marshall

Indiana Pacers v Milwaukee Bucks
Leave a comment

Tony Wroten. Isaiah Canaan. Pierre Jackson. Scottie Wilbekin. T.J. McConnell. The Philadephia 76ers have plenty of options at point guard, but nobody that makes you think, “that guy is perfect to feed Jahlil Okafor/Nerlens Noel/Nik Stauskas the rock.”

Enter Kendall Marshall. The pass-first point guard has officially been signed by the Sixers, the team announced. He will make a fully guaranteed $2.1 million this season, and then there are three non-guaranteed seasons after that, reports Eric Pincus of Basketball Insiders.

Marshall is an old-school point guard who has fantastic court vision and knows how to feed guys the ball. But he’s been with three teams in three years, playing a limited role everywhere, because of everything else. He’s coming off an ACL injury and will miss the first part of the season. His defense is not good. He’s not terribly athletic. He’s not a good shooter (although he did improve and hit 39.1 from three last season — he needs to sustain that). There are plenty of questions.

That said, it’s not a bad gamble for a Sixers team that is rebuilding and has arguably the worst point guard lineup in the NBA. This signing doesn’t change that, but it’s a reasonable roll of the dice, Marshall’s high IQ style may be a good fit (ultimately likely as a reserve, but a good fit).