About the owners losing money, it’s really complicated

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There are NBA owners who have wondered if player endorsements should not be money in the basketball related income pool — those players wouldn’t make their money if not for the teams.

But what about the other side of that coin — money the owners make on other businesses because they own and NBA franchise as well. Owners have complex finances and there are other projects they have that directly or indirectly feed off the NBA teams. For example, Cavaliers’ owner Dan Gilbert has casinos he got a sweetheart deal to build based on his NBA team’s popularity during the LeBron era, for example. That’s not money the Cavs make, but it’s money the owner would not have gotten without also owning the Cavs.

Which brings us to the Brooklyn Nets, the name they will take on next season. Bruce Ratner owned the team until he sold last year to Mikhail Prokhorov and it is one of David Stern and the owners talking points about how Ratner sold the team at a loss.

But Malcolm Gladwell tells a different, more complex story at Grantland. One that involves Ratner making a lot of money on his Atlantic Yards real estate deal — where the new arena will be central to new housing and retail — and needing the Nets to make sure the city and many residents were behind him taking over an existing neighborhood to get this built.

Ratner has been vilified — both fairly and unfairly — by opponents of the Atlantic Yards project (where the Nets new home is going up). But let’s be clear: What he did has nothing whatsoever to do with basketball. Ratner didn’t buy the Nets as a stand-alone commercial enterprise in the hopes that ticket sales and television revenue would exceed players’ salaries and administration costs. Ratner was buying eminent domain insurance. Basketball also had very little to do with Ratner’s sale of the Nets. Ratner got hit by the recession. Fighting the court challenges to his project took longer than he thought. He became dangerously overextended. His shareholders got restless. He realized had to dump the fancy Frank Gehry design for something more along the lines of a Kleenex box. Prokhorov helped Ratner out by buying a controlling interest in the Nets. But he also paid off some of Ratner’s debts, lent him $75 million, picked up some of his debt service, acquired a small stake in the arena, and bought an option on 20 percent of the entire Atlantic Yards project. This wasn’t a fire sale of a distressed basketball franchise. It was a general-purpose real estate bailout.

Did Ratner even care that he lost the Nets? Once he won his eminent domain case, the team had served its purpose. He’s not a basketball fan. He’s a real estate developer. The asset he wanted to hang on to was the arena, and with good reason.

This is essentially what AEG did with Staples Center (minus the eminent domain) — they got a piece of the Lakers and were able to build a new, modern arena around which they have now built the L.A. Live complex — home to shops, restaurants, condos, the Nokia Theater, hotels and the West Coast headquarters of ESPN. AEG made a lot of money off all that, something that would not have been possible without the energy of Staples and particularly the Lakers. Frankly, Kobe Bryant should be getting a check from L.A. Live.

Which all comes back to how complex figuring out whether a team made or lost money can be. Did Ratner lose money on the Nets in the real sense of the word? If an NBA owner has control of both the arena and the team, there is a lot of ways money can be moved around. Remember, only 40 percent of in-arena sponsorship money is counted by the league as “basketball related income,” but if the owner also owns the building he gets the other 60 percent, too.

NBA finances are a complex web. No doubt the recession has hit the owners and NBA franchises, but be careful about believing everything the league tells you about money lost.

Donovan Mitchell homers in first at bat in James Harden’s charity softball game

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This is probably not going to show up in “And That Happened” but it was pretty impressive nonetheless.

Jazz star Donovan Mitchell was among the many NBA players and celebrities at the James Harden Celebrity Softball game (part of his J-Town weekend of events). Mitchell came up with one on and… yard.

Is there anything Mitchell can’t do?

He wasn’t the only celebrity to knock it out of the park, Travis Scott sent one to Astroworld. Harden was impressed.

Harden himself had a home run — but of the inside-the-park variety.

Celtics’ Jayson Tatum says Kobe Bryant helped him with his post game, mental toughness

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Jayson Tatum had an impressive rookie season: 13.9 points and five rebounds a game, 43.4 percent shooting from three, a 15.3 PER, and a strong playoff run that helped the Celtics reach the Eastern Conference Finals.

Where did he turn to get better this summer? Kobe Bryant.

While a Celtic reaching out to a Laker legend for advice may throw an old-timer off, there are few better students of the game than Kobe, let alone ones as well respected by a generation, a guy who can get through to them. Tatum worked out with Kobe and was clearly excited about it speaking to Chris Forsberg of ESPN.

A stronger Tatum who can punish mismatches in the post is a scary thing.

Tatum and Jaylen Brown led a real push for the Celtics in the postseason, it will be a bit of an adjustment with Kyrie Irving and Gordon Hayward back because the young stars may not get the same number of touches and opportunities. The pie is going to be divided up more ways. With Brad Stevens at the helm we all expect the transition to go smoothly, and for the Celtics to contend for a title, but it is something to watch early in the season.

Bob Bass, former GM in San Antonio and Charlotte, dead at 89

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SAN ANTONIO (AP) — Bob Bass, the former San Antonio and Charlotte general manager who was an integral part of the front office for most of the Spurs’ first 20 years in South Texas, has died. He was 89.

Bass’ death was confirmed by the club Saturday in a statement from coach Gregg Popovich. The San Antonio Express-News reported that Bass died Friday at home in San Antonio after a series of strokes.

“Over the course of four decades, Bob Bass had a huge impact in both the ABA and NBA,” Popovich said in a statement released by the team. “BB was a true pioneer in the world of professional basketball. His knowledge, passion and dedication to the game were inspiring. We send our condolences to the entire Bass family.”

After getting hired as coach during the Spurs’ second season in San Antonio in 1974-75, Bass joined the front office as general manager when the club moved from the ABA to the NBA in 1976.

The two-time NBA Executive of the Year spent 20 seasons with the Spurs in various roles – returning three times as coach – before going to Charlotte as the GM in 1994. He spent nine seasons with the Hornets. Bass coached his alma mater of Oklahoma Baptist from 1952-1967, first joined the ABA as coach of the Denver Rockets in 1967-1968. He went back to college at Texas Tech from 1969-1971, then back to the ABA with the Floridians in 1971-1972 and the Memphis Tams in 1973-1974 before landing with the Spurs.

Bass had a 311-300 career regular-season coaching record in the ABA and NBA.

 

What is Jamal Crawford looking for in a new home? “Fit”

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It’s a little surprising Jamal Crawford is still available as a free agent. Yes, he is 38, and his skills and his efficiency have slipped in recent years, but the man can still get buckets off the bench and averaged 10.3 points per game last season in Minnesota.

He turned down an $4.5 million player option and is still waiting for a contract. What is he looking for? He talked about it with Percy Allen of the Seattle Times, in a story about the amazing pro-am Crawford runs in Seattle every summer.

The three-time Sixth Man of the Year is an unrestricted free agent, which he said is equally worrisome and exciting…

“Fit is first and foremost when I’m thinking about where I’ll play next,” said Crawford, who wants to play another 2-3 years. “Last year, I may have made the mistake of not thinking fit all the way through.

“You look at my career, when the fit was right, I contributed on the court. … I know people that care for me want me to win (an NBA title), but I don’t know if my career will be defined by that.”

Crawford’s name was rumored with contenders such as Golden State and Houston, but nothing came of any of it. At this point Crawford is not going to be able to be as picky about fit, he may have to look at any offers that come in.

Most teams’ rosters are set, and at this point in the summer most teams are happy with their rosters, or at least have talked themselves into being happy with it. Crawford may be a guy who gets a call a couple weeks into training camp, or a week or two into the season, when a team realizes its bench was not as impressive as it thought. There are teams he could still help, even if those teams don’t realize it yet.