Derrick Coleman made $87 million, now files bankruptcy

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This is not the story you think it is. This is not some guy who made more than $100 million and gambled it all away in casinos, then tried to make a desperate comeback to make a little money.

Not every NBA story is about hedonism. Some, no many, players try to do the right thing.

Derrick Coleman — the former number one overall pick, the 1991 rookie of the year who never quite reached his potential — was investing the $87 million he made playing basketball in development deals in Detroit, trying to turn around a city in need of someone willing to make big moves there. But no city has been hit harder by the economic downturn than Detroit.

According to the Wall Street Journal, Coleman has filed for bankruptcy (via Ball Don’t Lie).

Coleman’s desire to invest in the Detroit area after his playing career ended contributed to his financial problems, Coleman’s bankruptcy attorney Mark B. Berke said Friday.

Among Coleman’s ventures is a struggling Detroit development called Coleman’s Corner, an attempt to revive one of the city’s most downtrodden neighborhoods. Coleman defaulted on loans related to the mall last year.

“Mr. Coleman was focused on investing in various communities throughout the city of Detroit by developing real estate, creating jobs and revitalizing business opportunities,” Berke said. “Due to the state of the economy, including the decline in the real estate market, Mr. Coleman’s investments could not be sustained.”

Coleman, best remembered as a Net, has an NBA pension, which means he can live pretty comfortably for the rest of his life.

Raptors players say emotions will run high when Dwane Casey returns

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TORONTO (AP) Kyle Lowry and Jonas Valanciunas spent a dozen years between them developing their games under coach Dwane Casey. Valanciunas had never played for any other NBA head coach before this season.

When they welcome Casey and his Detroit Pistons back to Toronto on Wednesday night, the two longest-serving current Raptors know emotions will be running high.

“It’s going to be different, but hey, I’m still going to try to take his head off, the team’s head off,” Lowry said with a laugh.

The Raptors will face Detroit for the first time since Casey was fired, just days after Toronto was ousted from the playoffs by Cleveland for the third consecutive season.

Lowry became a four-time NBA all-star under Casey’s watch, while Valanciunas has grown into a multi-skilled big man. Casey had kind words for both Raptors on the eve of his visit. Lowry got off to a rocky start with Casey when the Raptors acquired the temperamental guard in 2012, but he and Valanciunas returned the compliment.

“(Our relationship) changed a lot,” Lowry said. “It went from a guy who kind of wasn’t trusting in what I did, and me not trusting in what he wanted, and kind of us battling back and forth, to him being like, `Hey listen, I believe in what you can do, you show me what you can do,’ and me saying `All right, if you show me that and I’ve showed you what I can do, I’ll listen to you more and we’ll have a good relationship.”‘

“It turned into a great coach-player relationship. And him having young kids, and me having … they played soccer together, so we created a bond off the court also.”

Nick Nurse, who was promoted to head coach after Casey’s dismissal, insisted he was looking forward to seeing his former boss despite rumors the two were not close.

“My communication with whoever is between me and whoever I’m communicating with, whether it’s between Kyle and me and Kawhi (Leonard) and me or Case and me. . . or whoever,” Nurse told The Canadian Press. “I’ll keep that to myself. I am looking forward to seeing him.”

Nurse characterized his relationship with Casey as “good.”

“We have five years together and a lot of success. A lot of battles and a lot of long hours together, working hard,” Nurse said. “He took a team from relative obscurity or the hinterlands to relevance, and that may be the hardest thing to do in this league. I’m glad I was a part of it for five years. We had a lot of success and I learned a lot from the guy and have a lot of respect for the guy.”

The 51-year-old Nurse said the biggest lesson learned under Casey was professionalism and diligence.

“The seriousness of the day-to-day, the grind and probably most importantly is the work ethic,” Nurse said. “He used to say it to us a lot. He’d put his work ethic up against anybody in the league and he was right in that. The guy always had our staff prepared and our players prepared, he taught me all those things.”

After leading Toronto to a team-record 59 wins and the top seed in the East last year, Casey was also named the NBA’s Coach of the Year – after his firing.

The Raptors have a video tribute planned for the 61-year-old Casey early in the game.

“He did some really good things for the city, for the team. I think everybody respects him,” Valanciunas said. “(But) as a business we’ve got to move on and he (ended) up pretty well, so that is life. Sometimes we’re separating.”

More AP NBA: https://apnews.com/NBA and https://twitter.com/AP-Sports

Steve Kerr jokes after Durant-Draymond spat: ‘I kicked MJ’s ass’

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Golden State Warriors general manager Bob Myers said on Tuesday that Kevin Durant and Draymond Green had not yet spoken after the two had a dust-up during Monday night’s overtime loss to the Los Angeles Clippers.

Green was suspended for one game, apparently for repeatedly calling Durant “bitch” while the two were still on the court with the Clippers. It was testy, and Durant was even seen saying what appeared to be the words, “That’s why I’m out.”

Things didn’t calm down when the Warriors returned to the locker room after the game, and a suspension was issued by the team.

Meanwhile, Warriors coach Steve Kerr said that he felt that the team would be fine. He reiterated that no team he had ever been on had always experienced smooth sailing. Kerr famously got into a scuffle with Michael Jordan in Bulls training camp in 1995.

To that end, Kerr joked on Tuesday that he had, “Kicked MJ’s ass.”

Via Twitter:

Will things be okay in the Bay moving forward? The team has such a strong culture it’s hard to bet against things getting patched up, especially with regard to how the team will play as they seek another championship this season. Remember, Green was one of the guys who recruited Durant to Golden State in the first place, and the two have the same goal.

The real question many have is whether this spat will have an impact on Durant staying with Golden State this offseason. That’s anybody’s guess, seeing as how Durant is nearly impossible to predict.

For now, we just have to wait.

Kevin Durant appears to mouth ‘That’s why I’m out’ after Draymond Green dustup

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Is Kevin Durant leaving the Golden State Warriors? That has been the question on the minds of many NBA fans for some time now, and the big dust-up between Durant and teammate Draymond Green on Monday night has continued to fuel the speculation that the superstar wing might be headed elsewhere.

That was before any of us saw the following video, where Durant appears to mouth the words, “That’s why I’m out” after he and Green had to be separated during their OT loss to the Los Angeles Clippers.

Take a look for yourself and tell me that’s not what it appears Durant is saying in this clip.

Via Twitter:

I’m no professional lip-reader, I just play one here on the internet. But it does seem that Durant said to himself, “That’s why I’m out.”

Meanwhile, Green will serve a one-game suspension and new doubt has been cast on the inevitability of the Warriors sweeping through the rest of this season.

I don’t know where Durant will end up next year, but the journey we’re going to be on until he decides is going to be a bumpy one.

Report: Minnesota tried to talk Jimmy Butler for Bradley Beal trade with Washington, was turned away

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The Washington Wizards have been an absolute train wreck this season, a team where the players’ clearly do not like each other.

The Minnesota Timberwolves started the season as a train wreck, with Jimmy Butler doing his best to burn the franchise down in an effort to get traded.

That led to Minnesota reaching out to Washington with a “want to swap problems” proposal, which was shot down by Washington, reports Marc Stein of the New York Times in his latest newsletter.

Word is the Wolves did try to engage Washington — another team falling well short of expectations — in trade talks for the sharpshooting guard Bradley Beal.

But the Wizards have kept Beal off limits amid their 4-9 start. They would naturally prefer to trade the struggling Otto Porter, or perhaps even John Wall, but both possess hard-to-move contracts.

This follows the buzz around the league — Washington is open to a change, but teams are calling about Bradley Beal but the Wizards know he’s their best player and are not interested in moving him.

John Wall is almost impossible to trade (read ESPN’s Zach Lowe’s primer for details) because his designated veteran max extension kicks in NEXT season, and if he is traded before then there is a 15 percent trade kicker. Otto Porter has been a pretty average player on a max contract, the kind of deal every team is trying to avoid.

Minnesota made it’s move, trading Butler to Philadelphia. The Timberwolves didn’t get better talent-wise with the trade, but they did start to restructure the team around Karl-Anthony Towns (as it should have been for a while now). They made a move, even if it started with a step back.

Washington may be stuck with this roster until at least next summer. Just add it to the list of dysfunctional things in our nation’s capital.