Jordan takes big gamble on Bobcats

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Michael Jordan’s gambling penchant is almost as legendary as his game. But his move last Friday is the biggest financial gamble of his life — he bought an NBA franchise.

Like a lot of small market teams, the Charlotte Bobcats are losing money, with ticket sales and sponsorship revenue down in this economy. The Bobcats have been racking up debt under former owner Bob Johnson, and according to a great story by Henry Abbott at TrueHoop, Jordan now has the responsibility for those problems.

One source close to the process says that two things changed late in the game (to make Jordan’s deal come together). One is that some of the minority owners under Johnson agreed to stay on with Jordan in the lead role (which is reflected in David Stern announcing that a majority of the team had been transferred). And, most importantly, Jordan finally decided to put himself forward as the person who would pay the many bills as they arose. It’s unknown if he brought in any new owners at all. But what sources agree on is that Jordan vastly increased his own stake in the company, to the point that Stern is now calling him the “principal owner.”

Joel Litvin, NBA President, League and Basketball Operations says “we expect that this transaction will value the Charlotte Bobcats between $275-290 million.” The Wall Street Journal explains that much of the purchase involves Jordan taking on debt.

As Abbott points out, for the last few years Jordan has had a fun toy to play with. He got to make decisions — he was the final say on all things on all things basketball — without having to pay the price. That fell to Johnson. When a minority owner decided not to chip in for his share of the losses, Johnson had to cover it. Jordan is estimated to be worth roughly $400 million — that’s a lot of money, but you burn through it fast if the team is losing $40 million a year.

Jordan is gambling again. Gambling that he can make good basketball decisions that will put a winner on the court and draw more fans. So far his record as a front office executive is spotty — he’s been fired once, but this year the team is playoff bound and exceeding expectations. Building this team cheaply will not be easy as it has traded away a lot of draft picks for upcoming years.

Jordan also is gambling he can find more investors. Some people to sit by, get to bask in the Jordan aura, and fork over big checks to do it. Checks to cover the operating losses and debt that are going to take a few years to get rid of (at best). Making that sale is going to be a lot tougher than selling Hanes T-shirts.

But, do you really want to bet against Jordan pulling it off?

Ryan Saunders reportedly likely to stay on as Minnesota head coach

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When Glen Taylor, the owner of the Minnesota Timberwolves, said this a few weeks back, it was pretty clear interim coach Ryan Saunders was probably staying on after the season and getting the job full time.

“I think he has a good chance [to get the job]. It’s like everything, we’re going to wait until we play out these last 20-some games and I think we’ll know and he’ll know at that time if it works out. But he is off to a good start. I would just say I really like him as a person. I have known him since he was a young man, and I am really pleased with how he is starting out coaching this team.”<

Saunders was thrust into the big chair after Jimmy Butler sabotaged the team’s season early on in a push to get out of town, a move that came with a high price coach/GM Tom Thibodeau. Remember Thibodeau wanted to speed up the winning and to get Butler traded Zach LaVine and just drafted Lauri Markkanen, but when Butler didn’t work out in Minny Thibs was doomed.

If you want more evidence that Saunders is staying on, there is this reporting from the well-connected Marc Stein of The New York Times in his weekly newsletter.

Saunders, who turns 33 in April, is known to have a strong relationship with the All-Star center Karl-Anthony Towns, who has played some of the best basketball of his career since the departures of Butler and Thibodeau.

The growing expectation around the league is that the credit Saunders will get for his impact on and the buy-in from Towns will more than offset ownership’s disappointment about returning to the draft lottery.

Towns is the franchise cornerstone, one of the top centers and top 10-12 players in the league, if Saunders can get the most out of him — and so far he has — then that is a good reason to keep him around.

When Sauders got the coaching job, Scott Layden took over as GM. His job is not as secure. There have been rumors about Taylor wanting to go big game hunting — specifically Chauncey Billups — but it seems the Timberwolves are likely to go another direction.

Calvin Booth, a Denver executive who the Nuggets hired away from the Timberwolves before the 2017-18 season, is increasingly mentioned as a strong candidate to replace Layden if Taylor does make a change.

Whoever gets the GM job, retooling the Timberwolves roster around Towns will now be difficult — Thibodeau showed no patience and now they are paying the price. Towns’ well-deserved max extension kicks in next season and that gives Minnesota two of max deals for young players — Andrew Wiggins is maxed out as well and an anchor on any rebuild (he has four years at the max after this season, good luck trading that). Don’t forget Gorgui Dieng will make $16.2 million next season. If Jeff Teague opts into his $19 million for next season, the Timberwolves will have very little room to maneuver and shore up the roster.

All of that will make Saunder’s job a real challenge.

Report: Knicks talked Kristaps Porzingis for De’Aaron Fox trade with Kings last draft

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The Knicks had made their minds up and were considering moving on from Kristaps Porzingis long before this trade deadline (when he was sent to Dallas), they were testing the waters all the way back to last June and the draft.

Last draft, the Sacramento Kings had a decision to make, too: How much did they believe in De'Aaron Fox? As a rookie, Fox had shown flashes and promise, but at No. 2 the Kings could pick Luka Doncic (or even Trae Young) and have gone in another direction.

That led to an interesting story from last June’s draft: The Knicks reached out to the Kings about a possible Porzingis for Fox swap, reports Zach Lowe of ESPN (in a fascinating piece on how this season changed things in Sacramento).

Sacramento moved up in the lottery again — to No. 2 — and faced a pivotal moment: the chance to reorient their team around Luka Doncic. Rivals sensed the dilemma and made offers for Fox — including a template from the New York Knicks centered around Kristaps Porzingis that would have required Sacramento to either send something beyond Fox or take unwanted Knicks salary (or both), sources say.

The Kings might have been able to leverage Doncic fever by trading down, but they wanted a guaranteed chance at Marvin Bagley III. The pick doubled as a vote of confidence in Fox. They didn’t need another ball handler. They wanted a springy big who could run with perhaps the league’s fastest player.

The Kings bet big on Fox. In the short term, that has worked out incredibly well for them, Fox made the kind of leap this season that will earn him a lot of Most Improved Player votes. He found his identity in pace and dragged the Kings with him to maybe the most surprising season of any team (and they were everyone’s league pass favorites). Bagley started to come on the second half of the season as he figured out how to fit his game in the NBA. How it works out long term for both teams remains to be seen, but the Kings have to feel good about how things look now.

Talks like this happen more than fans think — a lot of things are explored, very become trades. Kings fans should be glad this one didn’t.

 

Portland’s Jusuf Nurkic undergoes surgery to repair leg, full recovery expected. Eventually.

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As expected, Jusuf Nurkic underwent surgery on Tuesday repair the frightening leg injury he suffered on Monday night, a fractured left tibia and fibula that left his leg bending in a way that no leg should ever bend.

The good news is the surgery went as well as could be hoped, according to the team and Shams Charania of The Athletic.

Even with a successful surgery, this is going to take a long time to come back from.

As Jeff Stotts of In Street Clothes noted, the only comparable injury like this in the NBA was Paul George‘s frightening leg injury with Team USA. George made a full recovery, but it was eight months before he got back on the court and much longer until he was comfortable enough to be the MVP candidate he is this season.

Nurkic had made a leap this season, averaging a career-high 15.4 points per game this season on 50.7 percent shooting. The advanced stats loved him — his PER of 23.1, true shooting percentage of 57, value over replacement player of 3.5, and other advanced stats are all career bests. He was the anchor in the middle of the Portland defense, using his big body to cut off drives on pick-and-rolls. He was serving as a playmaker on offense: When he’d set a high pick for Damian Lillard, teams would trap the guard, Lillard would pass to Nurkic, and the Bosnian had become a good passer or he just take it in and scores himself

All of that came after Nurkic signed a four-year, $48 million contract extension last summer.

His injury also devastates the Blazers heading into the postseason, where they could have been a tough matchup but have now lost a key piece of their puzzle.

 

Celtics’ Kyrie Irving to rest against Cavaliers, his former team

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CLEVELAND (AP) — Kyrie Irving said returning to Cleveland tonight won’t mean anything to him.

He won’t even play.

The Celtics will rest rest the star against his old team, the Cavaliers.

Irving is averaging 23.8 points and the Celtics want to keep him as fresh as possible going into the postseason.

The Celtics have lost four straight and are fifth in the Eastern Conference entering Tuesday night’s game in Cleveland.

Irving played his first six seasons with Cleveland. The six-time All-Star demanded a trade following the 2016-17 season and was dealt to Boston. He hasn’t played in Cleveland since the 2017-18 opener.

Celtics center Al Horford (sore left knee) and forward Jayson Tatum (back contusion) could return Tuesday. Coach Brad Stevens said both were “questionable to probable” at the team’s shootaround.