The NBA may buy the Hornets. Yes, the situation is that bad.

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Okay, so a lot’s happened in the last 24 hours (most of which actually happened last week, but we’ll get to that) with the ownership situation in New Orleans. The world is much different than it was two days ago. In short, the NBA is closing in on the purchase of the New Orleans Hornets by the league itself.

Apparently, in a Sports Illustrated story by Ian Thomsen last week, a reference was made to league considering purchasing the Hornets in an effort to stabilize the ownership situation with George Shinn wanting out-out-out and negotiations with Gary Chouest stalling. This slipped by most of us because, really, who reads things you have to hold anymore, besides your grandmother? (All kidding aside, the fact that this slipped by is pretty staggering).

Marc Stein of ESPN followed up last night and reported that the league is indeed in consideration of acquiring the Hornets in a situation similar to that of what MLB did with the Expos. Immediately following that, the Times Picayune reported that Gary Chouest was dropping out of negotiations for majority ownership. This morning, John Reid at that established publication reports that Chouest was concerned about the impending work stoppage as well as his ability to devote the necessary time to the franchise.

(Pant, pant. Okay, here we go again.)

This morning, NBA FanHouse’s Sam Amick reports that not only is the league considering it, they are well on their way towards moving to acquire the team, and have even selected personnel to run the team in the interim while it works to find stable ownership. The league obviously is not looking to hold the team long-term, but is looking to find ownership which will keep the team in New Orleans and avoid a very dicey PR situation with the second team moving in three years and less than a half decade after Katrina and all its horror.

And all of this is after it was revealed that the team would have an opt-out from its lease if attendance measures didn’t dramatically recover which would drop the Hornets penalties for bolting New Orleans to a mere $10 million.

The league exploring this drastic of a solution leads to the question of whether they’re concerned that current majority owner George Shinn, desperate to dump his ownership, might sell the team to someone who may not be committed to keeping the team in the Crescent City. Alternatively, it may simply be a sign of the times that there’s not another viable option the league is willing to wait on. This will be the fourth team in the past year to change ownership, which is, you know, kind of a lot.

The league also will want to resolve the situation quickly, since having control of the ownership is A. a drain on resources and B. is likely to have complications with the CBA negotiations coming this summer, particularly with the Hornets being a small-market team which is a major issue in negotiations. It’s also a very controlling move by the league, which has not been hands-on with ownership situations (as opposed to players issues which they have been very hands-on with). The league did not intercede with the Dolan-Thomas disaster in New York, nor with the Cohan issues in Golden State. We’re looking at a situation without precedent in basketball, and one which could have far-reaching implications for how how the league handles such matters in the future, the CBA negotiations, and most importantly, the future of professional basketball in New Orleans.

Commissioner David Stern already came under enough fire for his involvement with the Clay-Bennett-backed move of the Sonics to OKC where he was seen as more of a willing accomplice than an outright actor. But if the league is unable to find a local ownership group to satisfy the league’s requirements and a stronger offer is brought from a group in a prospective NBA city (like Kansas City, Anaheim, Las Vegas, or Seattle), it could be seen as a deliberate effort by the league to get out of what some consider to be an impossible market in New Orleans, despite what Hornets president Hugh Weber says is a situation that can work. Take a second and realize that should the NBA relocate the Hornets to Seattle it would be viewed as a good thing by many of the big-market-leaning press and a rectification of past sins by the league in moving the Sonics to begin with. And it would likely mean the outright dissolution of the Hornets franchise itself (as a reversion back to the Sonics would be nearly a lock).

This is all very unlikely, as the league’s first and foremost effort will be to find local ownership committed to New Orleans. But with an arena many consider to be far below NBA standards, in a market far below what most consider NBA standards, and with a fanbase showing a lack of support far below NBA standards, this could drag on, locking the NBA in a quagmire of their own.

This is a whole new ballgame.

Mavericks owner Mark Cuban fined $50,000; Rockets owner Tilman Fertitta $25,000

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The first rule of NBA ownership: Don’t talk about NBA ownership.

Or the business you do as an owner until it becomes official, even if by then everyone else has known for days and already moved on from the topic.

Monday was an expensive day for two of the NBA’s owners of teams in Texas. Mark Cuban was fined $50,000 for leaking information from the league’s Board of Governor’s meeting about the new coach’s challenge  — even though everybody knew what was going to happen — before the meeting officially ended. Tim MacMahon of ESPN reported this story and had maybe the best quote of the summer to go with it.

The NBA office fined Dallas Mavericks owner Mark Cuban $50,000 after he admitted to leaking information from last week’s Board of Governors meeting to a reporter, sources told ESPN…

“I appreciate the irony of your reporting on a fine that someone should, but won’t, get fined for leaking to you,” Cuban told ESPN.

Sources said Sacramento Kings owner Vivek Ranadive expressed concern that information about the vote to allow coaches’ challenges was being reported while the meeting was still in session. Cuban immediately admitted that he had leaked the information, sources said.

Well played, Cuban.

This is a letter of the law fine, but was it a big deal that this got out? The vote was all but assured, a formality, but Cuban gets fined for telling people? Thanks, Vivek.

From the same “is this really a big deal” file we have the fine Rockets owner Tilman Fertitta got on Monday, $25,000 for talking about the Russell Westbrook trade before it was official. Even though everybody was talking about it. From Mark Stein of the New York Times.

Here is the oh-so-damaging quote:

Again, I get Fertitta crossed the official line because the trade had not gone through yet, but does that line really need to exist in these cases? It feels like the silly hat thing at the NBA Draft.

Damaging or even interesting information was not divulged in either case. The fines were not steep because of it, but the NBA’s process of what is and is not allowed around trades and free agency — and the odd Board of Governors meeting — seems behind the times.

 

Report: Clippers, Rockets both still interested in Andre Iguodala, but both at stalemate

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The Memphis Grizzlies don’t want to just waive veteran Andre Iguodala, they want to get something back in return. That is just turning out to be challenging.

The Clippers and Rockets are still interested, but both teams are at a stalemate, something Shams Charania of The Athletic broke down in a new video.

The story in a nutshell:

• The Rockets are interested, but Iguodala’s $17.2 million would take the team deep into the luxury tax (Houston is currently just shy of the tax line). Charania says any deal likely would involve a sign-and-trade, which implies Iman Shumpert, probably with a draft pick attached.

• The only Clippers’ salary that lines up cleanly is Mo Harkless (with some other players), but Los Angeles doesn’t want to give him up.

Memphis can afford to be patient and say they will just bring Iguodala into training camp, that they are willing to start the season with him.

This may take some time to get done and could ultimately involve a third team. Maybe Dallas gets back in the conversation, or other teams look at their roster and decide they want the veteran wing. This also could be something that drags into training camp, there are no easy answers lined up or the deal would be done already.

Warriors GM on D’Angelo Russell: “We didn’t sign him with the intention of just trading him”

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From the moment the Warriors acquired D'Angelo Russell in a sign-and-trade deal that cleared the path for Kevin Durant to go to Brooklyn, speculation about fit and an eventual trade cropped up. Does Russell’s game really fit with Stephen Curry and, eventually, Klay Thompson‘s, in a three-guard lineup? If not, how fast will they trade him? February at the trade deadline? Next summer?

From the start the Warriors have shot down the idea that they just planned to trade Russell, and on Monday Warriors GM Bob Myers repeated the same thing.

The Warriors plan has been to play Russell and Curry next to each other — they got an All-Star guard to soak up the minutes until Thompson can return (likely sometime after the All-Star break, if at all next season). Maybe the fit works, maybe it doesn’t, but the Warriors aren’t putting limitations or preconceived notions on the possibilities.

If it doesn’t work out, the trade option will still be there.

The Warriors do not head into this season the same juggernaut to be feared, but sleep on them at your own risk. As Meyers said, they believe they have a team that can compete with anyone.

 

Report: Raptors don’t intend to trade Kyle Lowry, Marc Gasol or Serge Ibaka

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Just a few weeks after winning a championship, the Raptors look finished as championship contenders.

In an unprecedented exit, superstar Kawhi Leonard left. Danny Greenan underrated contributor – followed him from Toronto.

The Raptors can remain good with Pascal Siakam, Kyle Lowry, Marc Gasol and Serge Ibaka. But with Lowry ($34,996,296), Gasol ($25,595,700) and Ibaka ($23,271,604) older players on expiring contracts, this iteration of the team will likely be short-lived. Toronto’s obvious path is rebuilding around Siakam.

Will the Raptors get a head start on that by dealing those veterans for assets that can help more down the road?

Josh Lewenberg of TSN:

As for veterans Kyle Lowry, Marc Gasol and Serge Ibaka – who are all on expiring deals – the Raptors have no intention of moving them, at least not before the season, according to sources.

This is perfectly fine.

The Raptors might be less-equipped in a few years by not getting value for those veterans now.

But Toronto deserves a victory lap. There’s value in Raptors fans enjoying these championship players – especially Lowry. This team should still make the playoffs, and even moderate winning will make this prolonged title celebration more satisfying.