Kobe Bryant signs three-year extension with Lakers

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Thumbnail image for Bryant_game2.jpgUPDATE 6:15 pm: We have some estimated salary figures now, via FanHouse, and Kobe will join Michael Jordan as the only other NBA player to make $30 million in a season.

Bryant is expected to make $24.8 million next season (part of his current deal), then $26 million in 11-12, $28.7 million in 12-13 and $31.5 million in 13-14.

He can probably live on that.

4:30 pm: The Lakers championship window is now officially open through 2014. That groan you just heard was general managers and fans in 29 other cities.

Completing negotiations that had been going on since before the season started, Kobe Bryant has signed a three-year extension on to his deal (which had one year left after this one, although he had an opt-out option). He will be a Laker until the summer of 2014 now.

“We are extremely pleased that we were able to reach an agreement and come to terms on the extension at this time,” said (Lakers General Manager Mitch) Kupchak said in a released statement. “Kobe has been a cornerstone of the Lakers for well over a decade, helping to lead us to four NBA Championships and in the process developing into one of the greatest players in basketball history.”

“Two of our main goals heading into this season were to sign Kobe Bryant and Pau Gasol to contract extensions,” continued Kupchak. “With the signing of Pau earlier this season and the signing of Kobe today, we were able to accomplish those goals, helping to keep the core of this team intact for the foreseeable future and in turn help to ensure the franchise’s continued success over the years to come.”

Bryant’s deal could be worth $90 million, and he is one of the few players in the NBA worth that salary to owners. Bryant fills arenas, from the top of the cheap seats to the luxury suites. The Lakers charge higher ticket prices than any other team in the NBA, and they sell out nightly — even for the Wizards. Because people will pay to see Kobe play.

The fact Bryant signed with the Lakers is not a surprise (although he could have made more money opting out and resigning), but the timing was a bit odd. Sources say that basically the same offer has been on the table since October. Bryant had a lot of things to weigh, from whether the Lakers would stay in contention to the upcoming new Collective Bargaining Agreement.

Bryant makes $23 million in salary this year, will make $24.8 next year. This very likely locks him in at at a similar max salary into the new CBA (the owners said they want existing contracts changed to conform with the new CBA, but I have a better shot with Brooklyn Decker than there is of the players union agreeing to that). The Lakers also have Gasol and Artest under contract until 2014, with Andrew Bynum and Lamar Odom through 2013. The Lakers have locked up their core.

It also locks the Lakers in as title contenders for four more seasons.

Phoenix council postpones vote on Suns arena renovation

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PHOENIX (AP) — The City Council has postponed a vote on a proposed $230 million renovation of the Talking Stick Resort Arena that would keep the Suns in downtown Phoenix.

The council agreed unanimously Wednesday to postpone a decision until Jan. 23 so residents can attend five public meetings to be held around Phoenix to discuss the project.

Suns owner Robert Sarver reportedly threatened to move the franchise to Seattle or Las Vegas if not given enough public funding.

Suns President and CEO Jason Rowley says the organization looks forward to the public discussions and to answering any questions about the proposed renovation.

The deal would revamp the nearly 30-year-old arena, the oldest in the NBA that is not currently being renovated.

The Suns agreed to a 40-year lease in 1992, but the deal included a provision for the team to opt out at 30 years.

Final minute of Celtics-Wizards featured five-possession, 10-point, no-stoppage stretch (video)

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Crunch time of a close NBA game is awesome.

It’s exponentially better when nobody calls timeout.

The Celtics and Wizards finished with a flourish tonight, Boston coming out ahead in a frenetic final minute. The last minute included two Kyrie Irving 3-pointers (one tightly contested, one extremely deep) and a sharp drive by John Wall (who had just returned to the game from an injury).

After a flow-killing foul in the final few seconds, the Celtics won, 130-25.

More games should be like this.

Jeremy Lamb hits game-winner despite Bismack Biyombo, others Hornets prematurely running on court to celebrate

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The Hornets sure were excited for Jeremy Lamb‘s game-winner against the Pistons tonight.

Too excited.

After Lamb hit a jumper to put Charlotte up two with 0.3 seconds left, several Hornets ran onto the court. Bismack Biyombo was nearly at halfcourt as Detroit tried to inbound! He was so far onto the court, I’m not even sure officials noticed him when dinging Malik Monk – closer to the bench –for the violation.

Ashley Holder:

The Pistons made a technical free throw to cut their deficit to one, but they still had to inbound from under their own basket. Their desperation pass was intercepted, and Charlotte held on for a 108-107 win.

Several Hornets were certainly relieved.

Crazily enough, this isn’t the first time we’ve seen this.

Suns’ T.J. Warren fined $15k for inappropriate language toward official following ejection (video)

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Everyone on the Suns seems frustrated.

In Phoenix’s loss to the Clippers on Monday, T.J. Warren got ejected. And his outburst will cost him extra.

NBA release:

Phoenix Suns forward T.J. Warren has been fined $15,000 for directing inappropriate language toward a game official following his ejection, it was announced today by Kiki VanDeWeghe, Executive Vice President, Basketball Operations.

This wasn’t a lengthy exchange. Warren didn’t linger on the court complaining. He must have said something extremely harsh to warrant two technical fouls and a fine that quickly.

(Despite confusion, the foul preceding the ejection was called on Deandre Ayton, not Warren.)