League says it lost money every year of this CBA

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We’ve been bringing you reports questioning how much money the NBA owners are really losing. Frankly, we have doubts about the owners’ veracity on the numbers — they are losing some money but how m.

It’s hard to believe the owners when they say the league has lost money in each of the last 11 seasons.

The New York Times wrote one of those pieces we quoted, and the league has fired back with a statement from NBA spokesman Tim Frank saying the numbers that the Times based its analysis on (from Forbes) are flawed. The Times runs it in full, but here are some highlights.

The league lost money every year of the just expiring CBA. During these years, the league has never had positive Net Income, EBITDA or Operating Income.

The Knicks’, Bulls’ and Lakers’ combined net income for 2009-10 does not cover the losses of the 23 unprofitable teams. Our net loss for that year, including the gains from the seven profitable teams, was -$340 million.

This brings us back to a couple of points we have made from the start: 1) When the basis of this CBA was hammered out after a strike in 1999 it was considered a big win for the owners because they got a cap on players salaries and this deal makes players a fixed cost; 2) Players are still a fixed cost, they still get 57 percent of the gross income every year, what has changed is non-player expenses have ballooned (Forbes estimated it was by 43 percent over 10 years).

The players should be giving some money back in this new deal. They need to help make sure all the owners have a chance to make money and player salaries remain the single biggest expense by far. But the owners cannot just balance their books on the back of the players who did not alone create this problem.

Also, until the owners’ books are opened up for independent verification, you should be skeptical about what their real losses are. Many NBA owners are losing some money, but the league lost money for the last 11 years? Really? No doubt the owners are using accepted accounting principles — they are not cooking the books illegally — but within those principles are a lot of ways to move money around and exaggerate losses.

Report: After two-year, $21 million deal falls apart, Knicks signing Reggie Bullock for less than room exception

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Reggie Bullock agreed to a two-year, $21 million contract with the Knicks.

He’ll get far less.

A health issue became apparent before the original deal was finalized. So, New York used nearly all its remaining cap space on Marcus Morris, who got a one-year, $15 million contract.

That left only the $4,767,000 room exception available for Bullock.

And he won’t get even get all that.

Ian Begley of SNY:

Marc Berman of the New York Post:

That’s a tough turn for Bullock. Less than the room exception and a team option – man. I wonder how much more, if any, Bullock got than his minimum ($2,028,594).

But David Bauman sure sounds pleased with the process. If his agent isn’t slamming the Knicks, Bullock hopefully also feels treated fairly.

This significant drop in salary sure signals major health concerns.

Giannis Antetokounmpo has rough go of hitting baseball off tee with New York Yankees (video)

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NEW YORK (AP) In hoops, Giannis Antetokounmpo is court royalty. But in baseball, he’s a complete rookie.

In fact, the 24-year-old from Greece said he’d never even touched a baseball before he did so Monday night at Yankee Stadium.

The reigning NBA MVP was shocked.

“It was really heavy,” Antetokounmpo told The Associated Press. “I thought it would be lighter.”

The Milwaukee Bucks star went on to take a few swings in the batting cage beneath the stands before the Yankees faced the Tampa Bay Rays. The 6-foot-11 Antetokounmpo got some coaching, with limited results – he swung and missed once with the ball on a tee, and made light contact on two other tries.

“I would be a terrible baseball player,” he said.

The “Greek Freak” was in the Bronx with his three brothers to promote his new signature sneaker and signed a pair for a fan – Yankees pitcher CC Sabathia.

Antetokounmpo watched the Yankees take batting practice, which reinforced his notion that he wasn’t destined for the diamond.

“I saw Aaron Judge hitting the ball into the stands. That’s amazing. You’ve got to be really strong to do that,” he said.

More AP MLB: https://apnews.com/MLB and https://twitter.com/AP-Sports

NBA 2K20 ratings released, LeBron James, Kawhi Leonard earn 97s to lead way

NBA 2K20
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How do NBA players measure respect? There are a few ways, with the size of the paycheck being at the top of the list. Awards and accolades fit in there.

However, few things rile guys up like their NBA 2K rankings. Most play the game, and their ranking (out of 100) is seen as a measure of status among fellow players and fans.

2K Sports unveiled the top rankings for NBA 2K20 in a live-streamed show on Monday night, and LeBron James and Kawhi Leonard got the top honors. Here’s the top 20:

1. LeBron James 97
2. Kawhi Leonard 97
3. Giannis Antetokounmpo 96
4. Kevin Durant 96
5. James Harden 96
6. Stephen Curry 96
7. Anthony Davis 94
8. Paul George 93
9. Damian Lillard 92
10. Joel Embiid 91
11. Kyrie Irving 91
12. Nikola Jokic 90
13. Russell Westbrook 90
14. Klay Thompson 89
15. Karl-Anthony Towns 89
16. Jimmy Butler 88
17. Kemba Walker 88
18. Donovan Mitchell 88
19. Rudy Gobert 88
20. Blake Griffin 88

The highest-rated rookie: Of course it was Zion Williamson (81).

Anthony Davis is on the cover of NBA 2K20, which will be released on Sept. 6. Sorry, you’ve got to wait until then to play it, but here is an early teaser video.

Report: Chris Paul trade to Miami hung up on picks moving with him

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Chris Paul is making a stopover in Oklahoma City. The Rockets sent him there for Paul George, but the competitive 34-year-old point guard doesn’t want to be part of a long rebuilding project. He wants to be traded again before the season starts.

His preference? Miami, according to Brian Windhorst of ESPN. There, CP3 would team up with Jimmy Butler. Miami is open to the idea, but what has hung the entire thing up is the discussion of picks, Windhorst said on ESPN’s SportsCenter on Monday night (hat tip NESN).

“When you talk about him potentially going to the Miami Heat, which is his preference, one thing I’ve been told in the talks; the fact that the Thunder hold the two of the Heat’s first-round picks in the future — unprotected 2021, protected 2023 — makes this a difficult conversation because the Heat want those picks back,” Windhorst said. “The Thunder have expressed an interest in giving one of those picks back but they would want another pick farther off into the future. So I do think that these teams have a lot to talk about.”

Oklahoma City is rebuilding and the mountain of picks they have compiled through trading George and Westbrook — 16 potential first rounders through 2026, including their own, enough to make Danny Ainge think they have too many picks — is at the heart of that plan. While the Thunder can afford to give one or two up, they don’t want to.

Miami is saying that to take on Paul’s remaining three-years, $124 million, they want a sweetener. Which is what every team would ask for.

Which brings us to another problem for the Thunder: There is not much of a market for Paul. Miami is the only name really mentioned in negotiations. There is speculation about other potential landing spots, and no doubt some feeler calls have come into Sam Presti in OKC, but the Heat seem to be the only team going down the road of serious talks.

There are other challenges to getting this trade done. For example, the Thunder would love to shed salary (they are still $3.7 million into the tax) but the Heat are hard-capped after the Jimmy Butler sign-and-trade and cannot absorb any more salary.

The Heat may be the place Paul ultimately lands but finding a deal that works could take some time to bring together.