Report: Deal reached in sale Philadelphia 76ers

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UPDATE JULY 13, 6:23 pm: Over at CSNPhilly.com, Dei Lynam has confirmed that a deal has been reached. She also talks about the next steps in the process.

 Now the deal must be approved by the league’s board of governors. The NBA needs to approve the sale and they will be thorough in their investigation. It is difficult to say exactly how long that will take but according to Adam Silver, the NBA’s deputy commissioner, the process can be lengthy.

“It’s difficult to say how long the process would take before we see what the actual deal is but the process usually takes about two months,” he explained in an e-mail. “But it could be longer depending on how many background checks need to be conducted, the type of financing the buyers are using, etc. Approval does not have to be done in person but a group of owners would need to interview the buyers at some point before the board votes.”

July 12, 4:40 pm: We’ve been telling you it was coming for a while, not it looks like sale of the Philadelphia 76ers will come to pass in the next couple days.

So reports Ken Berger of CBS Sports (a report since confirmed by other sources).

Comcast-Spectacor has a deal in place to sell the Philadelphia 76ers to an investor group led by Joshua Harris of Apollo Global Management, LLC, CBSSports.com has learned….

David Blitzer of The Blackstone Group will join Harris as lead partner, according to sources familiar with the deal. Former player agent and Sacramento Kings executive Jason Levien also is part of the proposed ownership group, sources said. Apollo, which describes itself on its web site as specializing in “contrarian” investments and “distressed” assets, and Blackstone are not involved in the transaction.

While the price tag is not known for sure, Bloomberg suggested recently it would be about $280 million. Ed Snider has owned the Sixers, NHL’s Flyers (his real passion) and the Wells Fargo Center where they both play. This sale is for the Sixers only, not the building or any part of the Flyers.

Sixers fans should welcome the sale — Snider was a hockey guy who happened to own the NBA team. The new ownership group should bring a different level of passion to the table.

Joel Embiid says Michael Jordan isn’t the GOAT (VIDEO)

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Joel Embiid is a big man like we haven’t seen in some time. He’s both an interior force and a range shooter, and is one of the more talented 7-footers in recent NBA memory.

So it makes sense that the Philadelphia 76ers star leans toward former big men when it comes to discussing the greatest players in league history. While most are obsessed with the back-and-forth between Michael Jordan and LeBron James, Embiid told Jason Concepcion of the Ringer this week that he didn’t think either were the best player ever.

To Embiid, Wilt Chamberlain is the true GOAT.

Via Twitter:

“He’s not the GOAT. To me, you got Wilt Chamberlain. I mean he has all the records. They’re never gonna be beaten. I don’t see anybody getting 100 points in a game. That’s it, he’s the GOAT.”

Chamberlain doesn’t seem to be brought up in the GOAT conversation much anymore, but his prowess was legendary and it’s mistaken to say that he only played against smaller, less athletic white players.

It’s sort of cool that Embiid decided to choose a different player as is greatest of all time. Whether or not that’s true — or whether Embiid truly believes in his choice — is another thing altogether.

LeBron James confirmed ‘Space Jam 2’ begins filming this summer (VIDEO)

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I’m not sure how excited I am to watch “Space Jam 2”. I think LeBron James is a slightly better actor than Michael Jordan, and the original “Space Jam” was nothing to shake a stick at. I’m the perfect age for Space Jam to have meant something to me, but having watched the film as an adult I can tell you it’s largely underwhelming.

Still, Space Jam 2 is set to film this summer and we finally have a confirmation of that fact from LeBron himself.

Speaking at All-Star Weekend, James told a crowd in Charlotte that they are indeed going to film once the season is over.

Via Twitter:

I think filmmaking has evolved, particularly animated filmmaking in the wake of things like Toy Story, Shrek, and other big franchises. There is no doubt that Space Jam 2 will be a better movie than the original. The director of the film certainly thinks so.

Kids will love it, and it’s exactly the kind of thing that James want to get involved in when he moved to the Los Angeles Lakers this summer.

I’m sure that basketball Twitter will have a steady stream of opinions when it comes out in theaters. Maybe I will catch it when it’s on at Netflix a month later.

Report: Celtics aren’t long-term destination for Anthony Davis

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Anthony Davis recently made mention that all 29 NBA teams other than the New Orleans Pelicans are on his list to land when he becomes trade eligible again this summer. Teams like the Boston Celtics, New York Knicks, Los Angeles Lakers, Milwaukee Bucks, and Los Angeles Clippers will vie for his services with the best packages they have the to offer.

But which of these teams will be long-term solutions for Davis, whose current contract runs out in the summer of 2020?

That is likely to be where the conversation around Davis shifts as we move into the spring. In fact, according to Shams Charania, at least one interested team isn’t on Davis’ radar long term.

Via Twitter:

Davis and agent Rich Paul severely overplayed their hand when it came to negotiating a trade request with the Pelicans as they tried to steer Davis to the Lakers before the deadline.

New Orleans remains firmly in control of Davis and any offers for him, although it’s possible the player could retain some additional influence by making it known that he would not re-sign anywhere outside of his preferred destinations. According to Charania, that’s the Lakers, Clippers, Knicks, and Bucks.

Still, a player’s status as a potential risk in free agency is affected by how good he is and how close to a championship the receiving team thinks they are. We saw a Toronto Raptors take a chance with Kawhi Leonard, who could very well leave this summer.

Might a team trade for Davis without the guarantee that he could leave in 2020? That seems possible, and I wouldn’t rule out anything wild happening in trade market come summer.

Pat Riley on LeBron leaving Miami: ‘I saw a dynasty fly out the window’ (VIDEO)

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LeBron James spent just four years with the Miami Heat, grabbing two championships with pals Dwyane Wade and Chris Bosh. LeBron then left South Beach to bring a title to his native Ohio with the Cleveland Cavaliers.

James is now part of the Los Angeles Lakers, an organization that Miami Heat president Pat Riley is innately familiar with (Riley was on the coaching staff of the Lakers from 1979-90). Riley was famously upset when he took the podium in the summer of 2014 after James had informed him that he was not going to come back to Miami.

We are approaching the half-decade mark from that interaction, and Riley appears to have cooled off a little bit.

Speaking with ESPN’s Dan LeBatard, Riley said that he felt disappointed because of how long a tenure that Heat team could have had.

Via Twitter:

I’m not sure if it’s fair to say that Miami you would have been a “10-year team”. Chris Bosh last played in February of 2016, and Wade hasn’t been a starter-level player for some time.

Still, it’s true that if LeBron would have stayed in South Beach that the Heat would be a perennial Eastern Conference Finals team and perhaps a real dynastic challenger to the Golden State Warriors.