The deadline for bids for the Atlanta Hawks was Tuesday and several offers have been made. Top price: $800 million….
Although Bloomberg reported the offers were around $900 million, a source with knowledge of the bids said that is not accurate. The source, who traded candor for anonymity, said the $900 million figure includes $112 million of bonds remaining on the original $131 million used to finance the construction of the arena.
There were a number of bidders in the mix and rumors of the bid prices were considerably higher than this. I was told by sources that some of the bids were heavy on foreign money who had teamed up with well known NBA faces to make their offers.
Why would you leak this number now? To try and inspire other bidders who think they can come in over the top. If you believe that bidding is over if a bigger number comes in, well, you haven’t watched the NBA do business much.
That said, this process seems to be nearing a conclusion, just as the Hawks are ready to head into the playoffs as the No. 1 seed.
Report: If Ray Allen return to NBA this season it will not be with Cleveland
Don’t expect Ray Allen to play in the NBA this season.
I base this on the last report from people close to him, which said he was working out but not “getting ready to return to the NBA working out.” Allen is one of the best conditioned, most meticulous athletes you will ever find, if he’s not working out like it’s a return then he is not returning.
However, if he does return, it will not be to Cleveland, reports ESPN’s Brian Windhorst.
Windhorst: "Ray Allen is not gonna sign with the Cavs. I don't think he's gonna play. If he decides he wants to, it won't be with the Cavs."
When in Miami trying to rehab LeBron tried to recruit Allen to the Cavaliers. It didn’t work.
The list of teams that would have an interest in Allen should he decide to return basically includes every contender — the Hawks, Spurs, Grizzlies, Clippers, Bulls and on down the list. He will have options.
But expect him to choose his family, warm weather and golf — all of which are in Miami. Where he is happily retired.
The time Michael Jordan asked Common to forge his signature (VIDEO)
Common went on “Jimmy Kimmel Live” Thursday night, still clutching his Oscar (Best Original Song for “Glory” from the film Selma… that was the best of the songs if I had a vote). Here was there to promote his new film “Run All Night” with Liam Neeson.
But mostly he just told some good Michael Joran stories.
Turns out Common was a Bulls ball boy back in the early Jordan era in Chicago, so they two had some laughs together.
Report: Phil Jackson to get fined for innocuous comment on Ohio State’s D’Angelo Russell
New York Knicks president Phil Jackson will likely face an NBA fine for publicly commenting on Ohio State freshman guard D’Angelo Russell, league sources told Yahoo Sports….
The NBA forbids league officials from making public comments on draft-ineligible players, and sources told Yahoo Sports that the league office was beginning to look into the matter Friday morning.
Is it silly? Yes. Welcome to the NBA’s fine structure. I know the NBA will argue a slippery slope — “if we let one GM comment on a prospect…” — but if you can explain the rhyme and reason behind who the NBA fine structure you can win a Nobel Prize. The why, the how much often seem out of proportion.
Jackson had come to watch Russell — a potential Top 3 pick — play. The Knicks are likely to have a top three pick (at worst top four, as the standings would sit right now).
Russell is an offensive-minded guard with a lot of potential to develop. At the worst, he’s going to score at the next level, and it’s possible he can round out his game into something special. He’s the kind of player the Knicks should be looking at closely.
The challenge is Jackson just can’t sneak into a building. If Sixers GM Sam Hinkie or Orlando Magic GM Rob Hennigan walk into that arena to check out Russell, only a few die-hard fans will recognize them. Jackson is a celebrity. If he walks into an arena, everybody knows. So then reporters are going to ask questions.
And no answer can be innocuous enough to make the NBA happy.
Derrick Rose expected to return in 4-6 weeks. In time for playoffs.
Rose had part of his meniscus removed, which allows for quicker recovery but has more issues down the line because the knee goes bone-on-bone.
The question about which Rose the Bulls will get when he returns for the the playoffs is a valid one. Following previous surgeries he was slow to trust that knee again, it took a while for him to regain form. Having to find your groove going against John Wall or some other quality point guard in the first round of the playoffs is a tough route.
Plus, if the Bulls don’t get back to playing Tom Thibodeau lock-down defense consistently it will not matter if Rose is back or not.
But with him this team is potentially a real threat in the East. And he will be back.