Report: Philadelphia 76ers sale “imminent”

3 Comments

UPDATE 12:58 pm: Via CSN Philadelphia, Comcast-Spectacor president Peter Luukko released a statement about the sale and situation:

“I can confirm that we are in discussions about the future of the team, but these discussions are confidential and we cannot talk about the details. At some point, we may have something more to say about these discussions, but we will not be making any comments at this point.”

That confirms they are taking place and are serious enough that Comcast-Spectacor is not blowing off the report. These sales are detailed and tend to take time, so we’ll see how close they really are. Also, once a sale is completed it is not finalized until approved by the NBA’s Board of Governors (the other owners).

11:35 am: In a surprise turn of events, the Philadelphia 76ers may soon have new ownership.

That’s the report from Henry Abbott at ESPN.

Philadelphia 76ers owner Comcast- Spectacor is in talks to sell the team to a group led by New York-based leveraged buyout specialist Joshua Harris, according to sources.

Negotiations are ongoing and a source with knowledge of the talks called a deal “imminent.”…

Harris, 46, co-founded Apollo Global Management, which invests primarily in distressed properties, in 1990. In Forbes’ 2011 billionaire rankings, Harris was reported to have a net worth of $1.5 billion. Other partners in the deal include private equity executive David Blitzer and former NBA player agent and Sacramento Kings executive Jason Levien.

Levien is still an active agent for players such as Kevin Martin and Udonis Haslem among others, but he would have to shed those to take on this new role. One would expect with his experience he would handle a lot of day-to-day operations for the new ownership.

Ed Snider, now 78, has controlled the team through his holding company Spectacor for five years. Spectator merged with Comcast, which is why Comcast-Spectacor is listed as the owner of the team.

Snider is a hockey guy — he is a founder of the Philadelphia Flyers and is in the hockey Hall of Fame. He also owns the Wells Fargo Center, where the Sixers and Flyers play. He is selling only the Sixers, who would be a tenant in the building.

It will be interesting to see what, if any, changes this means for the Sixers. They are a team that started to find its way back from mediocrity last season, taking a leap forward under coach Doug Collins (and with an actually healthy Elton Brand in the middle). They made the playoffs but lost in the first round to the Miami Heat.

Dwyane Wade sinks halfcourt buzzer-beater (video)

Leave a comment

Dwyane Wade is secure in his legacy. He’s an all-time great, and an extra missed 3-pointer during his farewell tour won’t change anything. (It doesn’t hurt that his resumé already includes subpar 3-point shooting.)

So, when many players would hold the ball, Wade heaved in a halfcourt shot to end the third quarter of the Heat’s 110-105 win over the Spurs on Wednesday. It wasn’t the biggest shot of Wade’s season, but it still mattered plenty.

Miami’s lead when San Antonio began intentionally fouling late? Three.

Jonas Valanciunas hits game-winning free throw, spoils James Harden’s 57-point night (video)

Leave a comment

The Grizzlies blew a 19-point lead in the fourth quarter and a five-point lead in the final 30 seconds of overtime. James Harden scored 57 points, including 18 in the fourth quarter and all 10 of the Rockets points in overtime.

But Jonas Valanciunas saved Memphis from total collapse. He drew a foul on his putback and hit the game-winning free-throw with 0.1 seconds left to give the Grizzlies a 126-125 win Wednesday.

Report: Suns exploring signing Jimmer Fredette

Jeff Zelevansky/Getty Images
2 Comments

Jimmer Fredette remains a fascination because he scored a ton at BYU eight years ago and… other reasons.

He has been lighting it up in China, and his season there just ended. Now, the former No. 10 pick could return to the NBA after three years away.

John Gambadoro of Arizona Sports 98.7:

Phoenix still needs another point guard, and the 6-foot-2 Fredette looks like one. But he hasn’t shown the playmaking to play point guard regularly. He’s better, and sometimes even effective, off the ball.

Fredette could have stuck in the NBA with a different attitude. His long-distance shooting was an asset.

But he’s also now 30 years old. A new approach likely won’t be enough. His shortcomings, particularly defensively, will be even more pronounced as his athleticism has declined.

The Suns are bad and will remain bad, with or without Fredette. But their younger players have shown signs of progress lately. Fredette’s high-usage style could interfere with their development.

It’s hard to see the upside here other than a brief uptick in attention.

Marcus Smart shoves down Joel Embiid from behind, gets ejected (video)

7 Comments

Marcus Smart recently bemoaned the lack of physicality in the NBA.

After Joel Embiid dropped his shoulder into him on a screen, Smart brought some to tonight’s Celtics-76ers game.

Smart shoved Embiid in the back, sending the center to the floor. A cheap shot? Yes. Embiid wasn’t looking. But Smart would surely argue Embiid started it. I also doubt Smart intended to push Embiid from behind. Smart just wanted to get at Embiid as quickly as possible, and Embiid happened to be facing the other way when Smart arrived.

Smart got a flagrant 2 and the accompanying ejection. Embiid received a technical foul.