Tag: Brooklyn

NBA London 2011 -  New Jersey Nets v Toronto Raptors

Nets get extension with YES Network, double TV deal

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The New Jersey Nets just made a lot more money.

The soon-to-be Brooklyn team (they move for the start of the 2012 season) will double its annual intake to $20 million a season as part of a 10-year extension that will keep the Nets on the YES network until 2032, reports the Sports Business Journal. This was a settlement to a dispute about the team’s television deal.

This deal had seem some rough patches to get to this point, with the Nets walking away from the table back in February and an arbitrator being brought in, but eventually they reached a settlement.

Now, let’s throw out the lockout spin (because everything must have a lockout spin):

Right now no money from local television deals is shared between owners. The Nets doubling their rights follows in the footsteps of the Celtics, Warriors and Lakers all striking new television deals worth a lot more money. The players will tell you that much more robust revenue sharing is needed if small market teams are going to be profitable.

The owners’ last official offer to the players tried to decouple the salary cap from league and team revenues. This is why. The owners know that television and other revenue is going to go up in the next decade and they want to keep salaries flat so that revenue goes into their pockets and doesn’t have to be shared with players. The union will fight hard to stop that from happening, they want revenue and the cap to move together.

Nets betting on Brooklyn, new building to sell free agents

Arena Atrium Barclay Center Brooklyn

Sometimes, franchises need to change from the ground up.

That’s what the New Jersey Nets are doing — new owner (a billionaire Russian playboy), a new star player in Deron Williams (who they are trying to keep) and a new building.

The Nets were showing off that new building — the $1 billion Barclay’s center, set to open in the fall of 2012 — this week, with GM Billy King singing the praises of moving to Brooklyn, according to the Daily News.

“Players say they want to be in New York. Well, we’re going to be in New York,” King said Wednesday during a tour of the construction site with reporters. “We have the best owner, and we’re going to have the best building. We’ll have all the tools. If a guy doesn’t want to play here, he doesn’t want to play in the city…”

“You have (Madison Square) Garden and you have this,” King said. “I would equate this to the United Center in Chicago, and what this did for the area of Chicago. Or the Staples Center, and what it did to that part of L.A. I think this will do the same thing for this area. A lot of people fought it. But I think once it’s built, they’ll realize five or six years from now this area will be booming.”

It’s a good sales pitch. If it will work is another question. There is a lot of history and a reputation to overcome among players, but if the Nets can lure one more star to play with Williams for when they open the new building in the fall of 2012 they may have something.

Let’s just hope the next time the Nets take the court it’s not in this half-built arena.

Nets new Barclays Center will look swanky, if you’re rich

Arena Atrium Barclay Center Brooklyn
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It is possible the next time the Nets play a game it will be in Brooklyn. We hope not, because that would mean an entire NBA season wiped out (greed is one of the seven deadly sins for a reason) but it could happen.

While the players are locked out construction is not at the Barclay Center in Brooklyn are not and work continues on the building, set to open in the fall of 2012. The architects just released some renderings of the building (see some at SLAM). What you see to the left is the main arena lobby. Nice.

What we really took away was how many images there seemed to be of the VIP areas of the building. Which of course is what the team is trying to sell right now because those luxury boxes and seats with perks are what drive the most revenue now.

And if you’re rich, the Barclay center is going to be sweet. Check out the suite with bar image below. It looks swanky. And as the people are cheering, we will assume they are Knicks fans out to watch their team.


Deron Williams will switch agents to Leon Rose, CAA

Deron Williams

Deron Williams is switching agents — we told you that yesterday — but where he has landed may be very good for the New Jersey Nets.

Williams is switching to Leon Rose, part of the powerhouse Creative Artists Agency (CAA) that represents LeBron James, Dwyane Wade, Carmelo Anthony and a host of other big-name stars who either have recently joined superstar teams or seems like they might. The news comes via the Salt Lake Tribune (in the city where Williams used to play up until the trade deadline).

Why the move?

Williams is expected to sign with Rose, the source said, with the hope that Rose’s star power will help bring top-tier talent to Brooklyn, which is where the Nets are expected to move for the 2012-13 season.

The only way that backfires is if Williams leaves to join up with other superstars in another city (Williams has a player option and can become a free agent in the summer of 2012). But the lure of Brooklyn and Nets owner Mikhail Prokhorov may well make that a gathering spot, plus they have a lot of cap room.

Part of the reason Utah moved Williams in a surprising move at the trade deadline was the feeling they could not keep him past the summer of 2012. That he would do things like switch agents to one that has recruiting power and to a bit city with other superstars.

Now what for the Nets? Relax, have a vodka shot, stop with quick fix.

New Jersey Nets Owner Mikhail Prokhorov Meets with Jay Z

It’s just not that easy.

All the swagger of a Russian billionaire playboy and a hip-hop icon and mogul can not instantly transform an NBA franchise. It cannot get free agents to walk through the door, let alone knock it down.

The Nets Mikhail Prokhorov and Jay-Z made a good pitch to LeBron James, but we all know about his talents and South Beach. Then they made a pitch to Carmelo Anthony — how good a pitch is up for debate, there are rumors it wasn’t impressive — and he ended up with the other team in the same market.

So, the Nets are back to square one. Now what?

Be patient. Relax. Have a vodka shot and hear me out.

The Nets may have been going about this backwards, looking to trade all their picks for one established superstar. The quick fix. However, what was said when Prokhorov was leading with his chin during the LeBron sweepstakes remains true now — there are some nice pieces to build around.

Brook Lopez may have taken a step back offensively this season, and he may be deathly allergic to rebounding (can you think of a worse rebounding 7-foot traditional center?), but the guy is still a 20-point a game scorer with offensive skills. He still can clog the lane on defense. There are not a lot of guys like him around the league and while he may not develop into a superstar he remains a quality big man you can use to anchor the middle.

Derrick Favors needs time to develop — don’t expect him to come out of the gate like Blake Griffin — but he has the potential to be very good. It’s going to take a few years and good coaching. Anthony Morrow could be the kind of scoring two guard most teams crave. Kris Humphries is solid inside. On and on.

Use the picks you almost sent away to add to that — Billy King has done well in the draft before. Give him a chance again. That is how the Nets rose to the top of the East a decade ago — drafted a good team around Jason Kidd, who they got for a steal on the free agent market.

In a couple years you’ll be in a brand new building in New York, that young core will be coming along and one of these free agents may look at this franchise and say, “I need to be there.” And when he does there will be a real core of players to round out the roster.

But for now be patient (despite the losses). Build slowly, steadily. Stop looking for the quick fix.