He is the Brockness Monster. He’s had a pretty nice rookie season. He is not a country singer.
But Jon Brockman is pretty funny. (via The Baseline)
This is a painful loss, not just for the Portland Trail Blazers, but for the NBA.
Paul Allen, who made his money as one of the founders of Microsoft and went on to start Vulcan enterprises, which owns the Trail Blazers as well as the NFL’s Seattle Seahawks, has passed away from his battle with cancer. He was just 65 years old.
“Paul Allen was the ultimate trail blazer – in business, philanthropy and in sports,” NBA Commissioner Adam Silver said. “As one of the longest-tenured owners in the NBA, Paul brought a sense of discovery and vision to every league matter large and small. He was generous with his time on committee work, and his expertise helped lay the foundation for the league’s growth internationally and our embrace of new technologies. He was a valued voice who challenged assumptions and conventional wisdom and one we will deeply miss as we start a new season without him. Our condolences go to his family, friends and the entire Trail Blazers organization.”
Just a couple of weeks ago, Allen had announced his non-Hodgkins lymphoma had returned. It was his third round with the disease, but it was not known that it was already at a life-threatening stage.
After his first battle with the disease, Allen left Microsoft to pursue other interests, which included philanthropy and owning the Trail Blazers and Seahawks. Allen bought the Trail Blazers in 1988 for $70 million from real estate developer Larry Weinberg. Forbes currently estimates the value of the franchise at $1.3 billion.
It is possible this will lead to a sale of the Trail Blazers in not too distant future.
(Do not think this means another owner can swoop in like a vulture and move the team. Aside the fact Commissioner Adam Silver and the league would push back against moving a healthy franchise, the Blazers’ lease at the Moda runs through 2025, with explicit language to keep the team in Portland through 2023 at least.)
Allen’s sister, Ms. Jody Allen, released the following statement:
“Paul’s family and friends were blessed to experience his wit, warmth, his generosity and deep concern. For all the demands on his schedule, there was always time for family and friends. At this time of loss and grief for us – and so many others – we are profoundly grateful for the care and concern he demonstrated every day.”
Our thoughts and condolences go out to Allen’s family and friends.
Cleveland wanted this to happen, he’s the son of a Cavaliers’ legend who showed last playoffs he can have a role in whatever is next for this team post-LeBron.
Larry Nance Jr. wanted this to happen — he was born in Akron and was raised in the area, Cleveland is where he wants to be.
So as had been expected, the Cavaliers and Nance were able to work out an extension to his rookie contract before the deadline, as reported by Chris Haynes of Yahoo Sports.
Joe Varden of the Athletic said the final numbers were four-years, $44.8 million.
That seems about a fair price. Nance was a steal in the draft by the Lakers 27th back in 2015 and was a fan favorite in L.A., but was sent to Cleveland in the Isaiah Thomas trade. Nance is a quality rotation player on both ends, a guy who averaged 8.7 points per game last season (expect that to go up) and shot 58.1 percent overall (and a 58.5 true shooting percentage, above the league average). He had a PER of 21.5 while with the Cavaliers last season (and a 20.2 PER with a 68.5 true shooting percentage in a smaller playoff role), showing the kind of versatility prized in today’s NBA.
This contract is a win for both sides.
Update: Albert Nahmad of Heat Hoops:
The Bucks will keep Meeks on the suspended list for 19 games while paying him his reduced salary then likely waive him and what’s left on his contract. So never mind about Meeks keeping more of his money.
Instead, he could receive his his entire $3,454,500 salary.
Adrian Wojnarowski of ESPN:
The Wizards are in line to save $6,146,794 in luxury tax with this move. Subtract the amount paid to the Bucks, which surely includes at least Meeks’ full salary. But that’s still at least $2,692,294 in savings, which is why Washington also sent a draft pick.
But the big winner is Meeks, who can’t serve a suspension while not on a roster and therefore can’t have his pay docked. If he signs again in the NBA, he’d still have to sit 19 games, but his lost salary would almost certainly be based on a minimum salary, not the higher amount he’s due this year.
Update: There’s the not unexpected wrinkle:
The Pacers’ identification and development of young players stagnated in the Paul George era and might have contributed to his exit. Indiana’s kept first-round picks in the seven years between drafting and trading George: Miles Plumlee, Solomon Hill, Myles Turner, T.J. Leaf.
Shams Charania of The Athletic:
That’s a sizable deal, not just in terms of dollars but also opportunity cost. This will unnecessarily cut into Indiana’s cap space next summer.
Turner will begin the offseason counting against the cap at his 2019-20 salary, which based on the reported terms, will be between $17,857,143 and $22,727,273. If the Pacers didn’t extend him and let him become a restricted free agent, they could have held him at $10,230,852, used their other cap space first then exceeded the cap to re-sign him with Bird Rights.
So, why lock him up now? Indiana clearly believes his production will outpace his salary. This prevents another team from signing him to an even larger offer sheet next summer.
The 22-year-old Turner can live up to this deal. He’s a good 3-point shooter and shot-blocker. He must play with more force inside and either improve his foot speed or defensive recognition, ideally both. But he has plenty of tools for a modern center.
That said, if the extension is fully guaranteed, this is too much of a gamble on Turner for me. For sacrificing so much cap flexibility next summer, the Pacers should have gotten more of a discount. Of course, if this deal is heavy on incentives and short on guarantees, that could swing the analysis.