You knew if the New Orleans Hornets were making money George Shinn would not have been trying to sell the team (he would have done a Donald Sterling and run a team poorly for profit as long as he could).
But the leaked financials of the New Orleans Hornets painted a bleak picture, team where the owner is paying out of his pocket every year and drowning in debt like a college kid with credit cards. Fantastic new purchase, David Stern. (Note: Deadspin posted these first and broke the story, although I first saw a hard copy of them from Larry Coon of ESPN.)
Basically, the Hornets turned a modest profit between June 2008-2009 ($5.9 million) and lost money the year before ($6.4 million), but meanwhile they are up to their eyeballs in debt — $83 million as of June 2009. It had long been rumored that taking over all that debt was one of the concerns Gary Chouest had with the purchase of the team.
What’s more, as Deadspin points out, that in the two years of KPMG-audited numbers George Shinn had to reach into his pockets for about $8.8 million to keep the team operating.
Stern has said there is no timetable for the sale of the franchise and they want to work hard to find local owners. But now the other 29 NBA owners run that team and if they are going to be asked to reach into their pockets for the Hornets you can bet they will push for a faster sale. Whether the team stays in New Orleans or not.
This story just promises to get more and more ugly.
It’s not good news, but it looked like it could have been much worse.
Timberwolves big man Karl-Anthony Towns is out for weeks with a right calf strain, the team announced Tuesday following an MRI exam. Adrian Wojnarowski of ESPN reports it is likely 4-6 weeks.
The injury occurred midway through the third quarter Monday when Towns started to run back upcourt and went to the ground without contact, grabbing his knee and calf. It looked scary — Achilles scary — and he had to be helped off the court.
Towns has averaged 21.4 points and 8.5 rebounds a game, and while his numbers are down this season — just 32.8% on 3-pointers — the team has struggled at times without him, particularly lineups with Rudy Gobert and Anthony Edwards together, an -11.8 net rating (in non-garbage time minutes, via Cleaning the Glass).
Kevin Durant carried the Nets to another win Monday night, scoring 45 points on 19-of-24 shooting, plus seven rebounds and five assists.
If you’re having an MVP conversation a quarter of the way into the NBA season, Durant has to be part of it: 30 points per game on 54.8% shooting (and a ridiculous 65.9 true shooting percentage), 6.6 rebounds and 5.5 assists a game, plus playing solid defense and being the anchor of the Nets. After his 45-point outing to get Brooklyn a win over Orlando, Durant was asked about MVP chants and the chase for the award and was clearly not interested.
Durant has MVP numbers, but so do Stephen Curry, Luka Doncic, Giannis Antetokounmpo, Jayson Tatum and others. If Durant is going to move to the front of the conversation, the first thing that has to happen is Brooklyn has to win a lot more games — 11-11 is not going to cut it when Tatum’s Celtics and Antetokounmpo’s Bucks have the two best records in the NBA. Winning games and finishing on a top-three team in the conference matters to some voters (and traditionally is one measure of an MVP).
With 2.3 seconds left in the game and the Thunder down 2, they needed to steal the inbounds pass from New Orleans to have a real chance. That’s why when Aleksej Pokusevski walked on the court it looked like he was going to guard the inbounder, Herbert Jones.
Instead, Pokusevski turned his back to Jones, putting himself in position to step in front of anyone cutting to the ball to catch the inbounds. Except, Jones made the clever play to seal the game.
Pokusevski fouled Jones, who sank both free throws and sealed the 105-101 Pelicans win.
The Pelicans got 23-8-8 from Zion Williamson and picked up a win without CJ McCollum or Brandon Ingram in the lineup. Shai Gilgeous-Alexander continued his dominant start to the season and scored 31.
It might have been the loudest the crypto.com Arena was all night.
Between the third and fourth quarters, Lakers fan Jamie Murry of Downey won $75,000 draining a half-court shot — and he got to celebrate with Anthony Davis.
Murry’s celebration is the best part — with Anthony Davis coming out to celebrate with him (and seeming a little shocked by the hug).
One other big shot fell at this game, but Lakers’ fans didn’t like it as much — Pacers’ rookie Andrew Nembhard drained a game-winning 3-pointer as time expired.