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.
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.
Report: Nuggets’ starter Will Barton out 5-6 weeks with surgery to repair groin muscle
Against Phoenix over the weekend, Denver’s Will Barton went in for a relatively uncontested reverse layup, but as soon as he lands he grabs his hip and goes to the floor in obvious pain. It did not look good.
There wasn’t much in the way of information from the team.
Will Barton has been diagnosed with a right hip and core strain.
The adductor muscles are traditionally called the groin muscles. It’s a series of muscles that help the hips move and are connected to the thigh.
That’s bad news for Denver, a team off to a fast 3-0 start including a win over Golden State. Barton has averaged 16.5 points per game and five rebounds a night in 27 minutes per game through the first three, and he’s been hot from three shooting 55.6 percent. Expect the defensive-minded Torrey Craig to get the bulk of the minutes with Barton out, but both Juancho Hernangomez and Trey Lyles could see a little extra run as well.
Draymond Green on Lakers-Rockets suspensions: ‘Garbage,’ ‘A little bit of a double standard’
“That was garbage,” Green said. “I’m never in favor of guys losing money. But I got suspended in the NBA Finals for attempting to punch somebody. Guys punching each other are getting two games or three games. I attempted to punch somebody, and not in the face, either.”
“It seems like a little bit of a double standard going around this thing,” Green told Bay Area News Group. “That’s just me, though. I could be wrong. I don’t got all the answers.”
Green received the lightest punishment of the four. The NBA agreed his offense was the least egregious. A simple ranking of each player’s conduct does nothing to prove Green’s point. This is just a matter of how to scale the differences. Even then, Green has a weak case.
Remember, Green wasn’t suspended directly due to his altercation with LeBron James. Green received a retroactive flagrant foul for the incident, and combined with his prior flagrants, that triggered an automatic suspension. If Green hadn’t already committed so many flagrant fouls in the playoffs, he wouldn’t have gotten suspended based on only the dustup with LeBron.
This really gets back to the earlier question: Why does the NBA suspend players? It’s self-sabotage for the league to keep good players off the court. Green hits on a good point about the extreme difference between suspending someone in the regular season and suspending someone in the playoffs. I’d favor enforcing (most, if not all) playoff suspensions during the following regular season. The league can still set its desired line without undermining the product on the court when it matters most.
Pace and scoring are way up, which has made the league even more entertaining.
A few teams — Denver, Milwaukee, even Detroit among others — have been very hot, while a couple of teams we thought would be good have stumbled.
Keith Smith from Real GM and Celtics Blog joins Kurt Helin of NBC Sports to talk about their early season impressions, and take questions/comments from listeners on Twitter. That means the Sacramento Kings and Atlanta Hawks even get some love. The Thunder defense… not so much.
Ingram started the incident by pushing James Harden, and then Ingram hostilely confronted a referee. Once Rondo and Paul began exchanging punches, Ingram came in swinging. Not long ago, Ingram would have received a longer suspension.
But under NBA commissioner Adam Silver, the league hasn’t cracked down as hard.
This comes down to a bigger question: Why does the NBA suspend players? Prohibiting good players from playing lowers the quality of the product on the court in future games. It’s at least somewhat self-sabotaging. To some degree suspensions are designed deterrents, though players often don’t consider the repercussions during heated moments. But suspensions are also about appeasing fans who want to see an orderly system that keeps players in check.
So, with so many people calling Ingram’s suspension too short, maybe the league failed here. On the other hand, the objections don’t rise to the level of outrage. Most people seem OK with Ingram’s suspension, even if they would have preferred longer.
I doubt Ingram – or any player, for that matter – feels emboldened to fight because he got suspended just four games. Silver has been more lenient because fighting has mostly disappeared from the league. If it became rampant again, David Stern-era penalties might return. That potential deterrent still hovers, and we’ll all move on fairly quickly from Ingram’s suspension while enjoying watching him play again soon.
So, this seems about right.
Rondo getting just three games for spitting on and punching Paul, though…