Pacers get $33 million to stay in. Would you stay in Indy for that?

By Kurt HelinJul 12, 2010, 7:51 PM EDT

Does your city have an extra $33 million laying around?

Indianapolis does, apparently. Monday the city and the Pacers announced a new deal where the city will pour $10 million a year to cover operations at the Canseco Field House, plus put in another $3 million in the next few years in upgrades and renovations to the building.

In return, the Pacers promise not to leave, according to the Indianapolis Star. Or, they have to pay the money back if they do go. If they stay through 2019, they pay nothing back.

Canseco, like a lot of arenas, is taking a hit in this economy. Fewer tickets sold, less popcorn sold, fewer events coming through… you get the idea. And Canseco has been taking it on the chin.

The Pacers are one of those teams saying they are losing big money, about $30 million a year recently. They have an estimated $150 million in debt.

That said, owner Herb Simon and his brother bought the Pacers in 1983 for $10.5 million. A projected sale price was about $250 million. Even after the debt (which a new owner would take on some of) he clears a roughly $90 million profit. I could live on that.

Simon had pushed for years for the city to take on some of the operations cost of Canseco. He got his way.

But it brings up a debate that speaks to political preferences and how you view a sports team in a city.

Is it a citywide asset? Is a sports tea more than just entertainment, is it a part of the fabric of the city and an economic engine for people who work at an arena, who run bars nearby, who handle a number of ancillary businesses? That’s how the mayor of Indianapolis sees it.

“The mayor has said we need to protect the taxpayer and we need to protect the tax base,” said Robert Vane, deputy chief of staff and communications director for Mayor Greg Ballard. “This agreement does both.”

Or is a sports team a multimillion-dollar business? Owned by billionaires. Is this a cash-strapped city helping out a billionaire to make sure he doesn’t lose money on a poorly-managed investment? Considering the profit he turns if he sells the team tomorrow, it’s safe to consider it a business. And a good one.

Edwards, Brunson, Reaves reportedly among commitments to play for USA at World Cup

By Kurt HelinJun 4, 2023, 7:52 PM EDT

Nathaniel S. Butler/NBAE via Getty Images

Steve Kerr will be coaching a roster filled with some of the most engaging young stars of the NBA at the World Cup this summer.

Names are starting to leak out of who has accepted invitations to play for USA Basketball this August and September, and it feels like a who’s who of the best young players in the league: Anthony Edwards, Jalen Brunson, Tyrese Haliburton, Mikal Bridges, Austin Reaves and Bobby Portis.

Pacers All-Star Tyrese Haliburton and Nets rising star Mikal Bridges have committed to Team USA roster for 2023 FIBA World Cup, joining Anthony Edwards, Austin Reaves, Bobby Portis so far, sources tell me and @joevardon.

Full story at @TheAthletic: https://t.co/pr93pzxFwJ

— Shams Charania (@ShamsCharania) June 4, 2023

The Knicks' Jalen Brunson is among the 12 expected roster members for @usabasketball at the @FIBAWC, sources tell @TheSteinLine.@TheAthletic reports Tyrese Haliburton, Anthony Edwards, Mikal Bridges, Bobby Portis & Austin Reaves also committed.

More: https://t.co/A6ycVmnrjq

— Marc Stein (@TheSteinLine) June 4, 2023

This is just the start of the roster, but it is a young and athletic group that can shoot, move the ball and play at pace — deep wells of athleticism have long been one of the USA’s biggest strengths in international competitions.

The World Cup will feature 32 teams around the globe in an almost three-week competition. The USA is in Group C with Greece and Giannis Antetokounmpo (assuming he plays), New Zealand (Steven Adams, if he plays) and Jordan.

The USA will be coached in this World Cup by Kerr, Erik Spoelstra of Miami, Tyronn Lue of the Los Angeles Clippers and Mark Few of Gonzaga. The USA will meet for a camp in Las Vegas and play Puerto Rico there as a tuneup before heading to Abu Dhabi and eventually on to the World Cup in the Philippines. The World Cup starts Aug. 25 and continues through Sept. 10, and the U.S. will play all of its games in Manila.

The World Cup is the primary qualifier for the 2024 Paris Olympics (the USA does not automatically qualify as the reigning gold medalist). USA Basketball President Grant Hill has said that playing in the World Cup is not a prerequisite for playing in the Olympics.

Phil Knight says he still wants to buy Trail Blazers, still waiting for team to be available

By Kurt HelinJun 4, 2023, 5:59 PM EDT

Michael Hickey/Getty Images

Phil Knight — not a man known for his patience — is waiting.

The Nike founder still wants the chance to buy the Portland Trail Blazers to ensure they stay in Portland, reports Rachel Bachman of the Wall Street Journal. However, the team remains unavailable. More than a year ago Knight and Dodgers co-owner Alan Smolinisky reportedly offered more than $2 billion to buy the Trail Blazers. Jody Allen, who currently runs the team on behalf of her late brother Paul Allen’s estate, said there is no plan to sell the team right now, and it could be years.

Statement from Jody Allen pic.twitter.com/oAezfb398o

— Portland Trail Blazers (@trailblazers) July 5, 2022

Knight continues to try and buy the team, the Journal reports.

So Knight and Smolinisky tried again, according to a person familiar with their plans. On numerous occasions, including earlier this year, they made it clear to Jody Allen that they still wanted to make a deal. They indicated that they realized the price had gone up and that they were willing to pay more than their initial offer, this person said. Again, Knight’s calls to Jody Allen were diverted to Kolde [Bert Kolde is the Executive Vice President of Sports Strategy at Vulcan Inc., which owns the Blazers and Seahawks], and nothing came of the brief discussions.

A few months ago, Smolinisky even sent a handwritten letter to Jody Allen seeking common ground and saying he and Knight would love to discuss the Blazers with her, according to a person familiar with the matter. In response, Smolinisky received an email from someone replying on Jody Allen’s behalf with a familiar message: Paul Allen’s sports teams aren’t on the market.

Paul Allen died of cancer in 2018 and some reports say his will requires the Trail Blazers — as well as the NFL’s Seahawks — must be sold within 10 years of that date, with the money from the sales going to a variety of charitable causes. We are halfway into that window.

In the case of the Trail Blazers, it would be wise to wait until the new national broadcast rights deal — which is expected to double, at least, the league’s television revenue — is locked in, raising the franchise value. Values have already gone up, with the Phoenix Suns being valued at $4 billion when Mat Ishbia bought them last December.

In the short term, the Trail Blazers and their fans are focused on the NBA Draft, where they have the No. 3 pick but are reportedly open to trading that for the right veteran to put next to Damian Lillard.

Coaching updates from around NBA: Stotts to Bucks, Young paid to stay with Suns

By Kurt HelinJun 4, 2023, 1:51 PM EDT

Bart Young/NBAE via Getty Images

In the 24 hours since the last time we put together a list of coaching updates from around the NBA a lot of things transpired, some expected, some not.

Here’s an update on the NBA coaching carousel.

• As was rumored to be coming, former Trail Blazers coach Terry Stotts will join Adrian Griffin’s staff with the Milwaukee Bucks. This is a smart hire, putting an experienced coach known for creative offense next to the rookie coach on a contending team. With the Bucks getting older and more expensive quickly — 35-year-old Brook Lopez is a free agent this summer — the Bucks don’t have time for a rookie coach to figure things out on the job.

• Kevin Young will stay in Phoenix on Frank Vogel’s staff after new owner Mat Ishbia made him the highest-paid assistant in the league at $2 million a year, reports Adrian Wojnarowski of ESPN. Devin Booker reportedly backed Young to get the head coaching job, although how hard Booker pushed is up for debate. Keeping Young on staff — likely in an offensive coordinator role — next to the defensive-minded Vogel could be a good fit.

• Former Hornets coach James Borrego was in the mix for several jobs but has settled in New Orleans, where he will be on Willie Green’s staff. This team is stacked with offensive talent — Zion Williamson, Brandon Ingram, CJ McCollum — if they can just stay on the court.

ESPN Sources: James Borrego has agreed to become New Orleans’ associate head coach. Borrego spent four seasons as Charlotte’s head coach, including back-to-back play-in berths. Pelicans are eager to incorporate his offensive philosophy.

— Adrian Wojnarowski (@wojespn) June 3, 2023

• There is now just one head coaching vacancy open around the league, the Toronto Raptors, and they are entering the final interview stages, reports Josh Lewenberg of TSN. Among the finalists for the job are Kings assistant coach Jordi Fernandez and highly-respected European coach Sergio Scariolo (the head coach of the Spanish national team and Virtus Bologna of the Italian league).

• The makeover of the Celtics coaching staff could go even deeper than expected because Ben Sullivan, Mike Moser and Garrett Jackson are all leaving Boston to join Ime Udoka‘s staff in Houston, reports Michael Scotto of Hoopshype.

• Former Pacers player Shayne Whittington is now a part of Rick Carlisle’s coaching staff in Indiana.

Hawks’ Trae Young plans to shoot more 3s… is that a good thing?

By Kurt HelinJun 4, 2023, 12:43 PM EDT

Kevin C. Cox/Getty Images

Quin Snyder wants his teams to shoot 3-pointers. A lot of them. In his final season as coach of the Utah Jazz, they took 10 more 3-pointers a game than his new Atlanta Hawks team did last season after he took over.

Trae Young has heard his coach and is ready to get up more than the 6.3 attempts a game he took last season.

Trae Young:

"I'm gonna focus a lot more on shooting 3's… [Quin] likes us shooting a lot more 3's. — getting good shots and making sure my 3-ball is back to where it needs to be. pic.twitter.com/xO9HUy0T6Z

— HawksMuse (@HawksMuse) June 1, 2023

That’s a good thing… but only if they are “good shots.” It’s good only if Young hits more than the 33.5% he shot from 3 last season.

While he has a reputation as a 3-point marksman, Young is a career 35.1% shooter from 3 and has been below that 35% number in three of his five NBA seasons. (Also concerning for the Hawks and Young’s fit with Dejonte Murray, he shot just 20% on the less than one catch-and-shoot 3 he took a game last season.)

Young has had better years, he shot 38.2% in 2021-22 and he is an offensive force as a creator capable of doing that again. That is the Young Snyder needs.

He also needs Young to buy into his system of ball and player movement more. Last season, 45% of Young’s shots came after he had at least seven dribbles — he pounded the ball into the ground and jacked up a shot without getting teammates involved far too often (77.9% of his shots came after at least three dribbles). Young shot 33.3% on the 3s he took after those seven dribbles, and less than that percentage on 3-pointers taken after three dribbles or more, which were the majority of his attempts.

This coming season will be an important one for Young, who has proven he is an All-Star who can put up numbers and drive an offense — he’s made an All-NBA team for a reason. The question facing him is whether he will fit into a team system that balances multiple shot creators, off-ball movement, willing passers and selflessness — what you can see in the two teams playing in the NBA Finals. Snyder will call pick-and-rolls, he wants his team to hunt mismatches at times, but there has to be more of a flow to what is happening. There can’t be many shots after seven dribbles (and that’s not touching on the defensive concerns around Young).

The Hawks will evolve over the next couple of seasons under Snyder. Where Young fits in that will be something to watch.

But we will see more 3-pointers.

Check out more on the World Cup

Check out more on the Trail Blazers

Check out the latest on the Nuggets

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