New CBA, new looming TV deal means no NBA teams for sale

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If you don’t think the NBA business is booming, check out the price tags for the last couple NBA teams sold: The smaller market Sacramento Kings just sold for $534 million, the small market Grizzlies sold for $377 million. Remember that just a few years ago the majority of the big market Philadelphia 76ers sold for $280 million.

Why the jump in prices? For one, there is a new Collective Bargaining Agreement that is much more favorable to owners (who now get just about half of the NBA’s gross revenue, up from 43 percent in the old CBA). Secondly, the NBA is in the process of renegotiating its television rights deal at a time of record prices for sports rights deals.

Basically, owners are getting more money in their pockets.

All of which is why there are no teams for sale right now (sorry Seattle), NBA Commissioner-in-waiting Adam Silver said Tuesday, as reported by Brian Windhorst at ESPN.com.

“As we look at the coming domestic television deal and a great playoffs and Finals, there’s a great buzz around the league right now,” Silver said at the Bloomberg Sports Business Summit. “There aren’t any teams for sale but if there were [the price] would be robust.”

Robust = very expensive.

The new television deal is the focus — and should be for the players as well. The NBA salary cap is set based on a percentage of league revenue, so a bigger television deal means more money for teams to spend on players.

The NBA is first negotiating with its existing partners — ESPN/ABC, as well as Turner Sports which runs TNT and NBA TV — but if those talks don’t go where the league wants there are other media conglomerates out there that want a foot in the door. David Stern himself has said he likes how the NFL has games spread across every network and nobody blinks.

Adam Silver, however, works to get a consensus with the owners in a way Stern does not. Which is why Silver said Tuesday a committee of owners will help with the new television rights deal.

“There’s probably calls for more owner involvement than we’ve had historically,” Silver said. “There’s a new generation of owners who’ve become involved in the league. There’s more a sense of activist owners … these days led by Mark Cuban and others there are more full-time owners. It’s a recognition that even for very wealthy people, it’s a much larger percentage of their portfolio.”

Reports: Jimmy Butler’s trade preference is Clippers, Knicks less interested

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Knicks president Steve Mills said New York wouldn’t trade its draft picks and wouldn’t trade for players it could just sign in free agency. In other words: No more Carmelo Anthony– or Andrea Bargnani-type deals.

Then, Jimmy Butler – who can become an unrestricted free agent next summer – requested a trade from the Timberwolves and put the Knicks on his list of preferred destinations (with the Nets and Clippers).

Will Mills hold firm in his patient plan?

Shams Charania of The Athletic:

Brooklyn and the Clippers appear motivated on Butler, while the Knicks have been firm all summer that the team does not want to part with assets and instead prioritize signing free agents outright, according to sources.

The Knicks should be reluctant to trade for Butler now. Especially with Kristaps Porzingis injured, Butler is unlikely to help New York win meaningfully this season. It’d be much better to sign him next summer and preserve assets.

But there’s no guarantee the Knicks sign him next summer. Whichever team has his Bird Rights and ability to offer him a larger contract will have the upper-hand. There is value in trading for him now.

Perhaps, the Knicks can find a worthwhile Butler trade that includes trading picks. The only way to find out is negotiating with Minnesota.  For New York to eliminate the idea outright because the team made mistakes in similar situations would be misguided.

But Knicks are going to Knick.

At least New York isn’t Butler’s first choice.

Adrian Wojnarowski of ESPN:

https://twitter.com/wojespn/status/1042568202314764289

Might that other max slot go to Kyrie Irving?

First, L.A. must make the best offer to the Timberwolves and one acceptable to a reportedly reluctant Tom Thibodeau. Then, the Clippers must lure Irving – or any star (Kawhi Leonard?) – from his team.

It’s easy to imagine. It’s far more difficult to turn into reality.

Report: Jimmy Butler less enthused about Lakers after they signed LeBron James

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In 2014, Jimmy Butler said, “I like being a role player. Star has never been next to Jimmy Butler’s name. It never will be. I’ll always be an under-the-radar dawg.”

Then, Butler kept getting better and better. He started to appreciate his stature within the game. He took a leadership role on the Bulls. He embraced celebrity.

Maybe his trade request from the Timberwolves – ideally to the New York Knicks, Brooklyn Nets or L.A. Clippers – is the next step in this evolution.

Adrian Wojnarowski of ESPN:

He is enamored with the idea of playing a central role in a big market, sources said. Butler had once imagined playing for the Los Angeles Lakers, but LeBron James‘ arrival as the franchise’s cornerstone made it less appealing for Butler in the prime of his career, league sources said.

Playing with LeBron isn’t for everyone. Kawhi Leonard reportedly became more reluctant to join the Lakers once they got LeBron. (Interestingly, Leonard is reportedly dissuaded by the hoopla LeBron would attract while Butler apparently believes he wouldn’t get enough of a spotlight).

And of course, Kyrie Irving requested and received a trade from LeBron’s Cavaliers last year. Irving and Butler are friends, and maybe Irving warned Butler about the perils of playing with LeBron.

I’m not sure how this report fits with Butler wanting to play with Irving, though. Irving is more popular than Butler. Perhaps, Irving holding a smaller stature than LeBron is enough for Butler. Maybe playing with Irving would be the exception to Butler’s desire to have his own team in a big market.

Or maybe Butler still winds up in Los Angeles with LeBron. Butler was reportedly open to it, though that’s a pretty low standard.

No matter what, Butler should pursue what he wants. NBA careers are short. Players should make the most of theirs, whatever that means to them.

Butler has so far shown he can balance working hard and playing well with stardom. He has earned the right to seek a larger public profile without major consternation about what it’d mean to his on-court production.

Would Jimmy Butler actually sign a contract extension?

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Timberwolves president Tom Thibodeau reportedly doesn’t want to grant Jimmy Butler‘s requested trade request – to the Knicks, Nets, Clippers or elsewhere.

Just how badly does Butler want to leave Minnesota?

Per Shams Charania of The Athletic, Butler is “open to signing extension” with one of his preferred destinations. That could be Butler’s silver bullet out of town.

Or it could be a miswording.

There’s a significant difference between signing a contract extension and getting traded then signing a new contract after the season. However, those different events often get described (sometimes inaccurately) under the term “extension.”

The largest extension Butler could sign while still being dealt before the February trade deadline is two years, $45,994,418 ($22,998,209 annually). It doesn’t matter whether he gets traded first or signs the extension first. That’s the limit.

However, if Butler gets traded then re-signs with his new team next summer, his max projects to be about $190 million over five years (about $38 million annually).

Would Butler really sacrifice so much? If so, that’d make him a far more-appealing asset. Not only would the team getting him gain longer team control, Butler would be locked into a relatively cheap salary. Teams that want him would offer more for him in that scenario – maybe even enough to convince a reluctant Thibodeau to deal the star.

Butler could also pledge to sign a larger extension with his new team six months after the trade. That extension would be capped at four years, $100,514,631 – the same extension he rejected from Minnesota this summer.* However, at that point, Butler will be near free agency. He might as well wait until his current contract expires.

His max contract next summer projects to be worth about $190 million over five years (about $38 million annually). Or, if he wants to leave his team, his max projects to be worth about $141 million over four years (about $35 million annually).

Either way, Butler’s max next summer far surpasses his largest-possible extension.

Of course, Butler isn’t guaranteed the max next summer. He’ll turn 30 before playing on his next contract, and he has plenty of mileage. But it seems likely he’ll come out well ahead on a new contract compared to an extension. That’s why he rejected Minnesota’s offer this summer.*

*The Timberwolves’ extension offer was frequently reported as four years, $110 million. But Butler’s base salary for calculating an extension is lower than his cap number, which also includes a portion of his signing and trade bonuses. The $110 million figure is based, incorrectly, on his cap number.

So, I doubt Butler will sign an extension. Promise to re-sign somewhere? Sure, that could definitely happen, though it’d be a non-binding pledge.

But as long as a potential extension is being reported, we should still consider the possibility.

Here are Butler’s four major options – signing an extension in conjunction with a trade now (blue), signing an extension six months after a trade (blue), re-signing on a new contract next summer (green), signing elsewhere on a new contract next summer (green). Rounded numbers are based on the projected 2019-20 salary cap.

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Space Jam 2 closer to reality: LeBron reportedly teams with Black Panther director

Courtesy Warner Bros.
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Space Jam 2 starring LeBron James — and, we can dream, Boban Marjanovic as one of the new Monstars — could be filming next summer and in theaters in 2019 or 2020.

This has been in the works for a while. LeBron James’ production company has a development deal with Warner Bros. and a Space Jam sequel was always at the heart of it. While there had been rumors about the project for years, you knew there was some substance the talk when Warner Bros. extended its trademark on “Space Jam” a couple of years ago.

In a sign this movie is going to be a reality, LeBron has found a producer — the guy who last directed Black Panther. From the Hollywood Reporter:

In his first project since directing the record-breaking Black Panther, Ryan Coogler is teaming with LeBron James on the anticipated follow-up to the Michael Jordan-Bugs Bunny hit Space Jam, The Hollywood Reporter has learned.

Coogler will produce the Space Jam movie and Terence Nance – who created HBO’s Random Acts of Flyness and directed the experimental film The Oversimplification of Her Beauty – will direct. Production on the Warner Bros. film is tentatively slated for 2019, during the NBA offseason. It will be James’ first starring role after a successful turn as a supporting character in the 2015 Amy Schumer comedy Trainwreck…

“I loved his vision” for Black Panther, James tells The Hollywood Reporter, noting that when he was a kid growing up in Akron, Ohio, there were no black superheroes. “So for Ryan to be able to bring that to kids, it’s amazing.”

That’s a good team to make a movie, although we are all curious about the script.

Not that the original Space Jam starring Michael Jordan was winning a writing Oscar, but the move was a cultural phenomenon. It had MJ going head-to-head with aliens in a battle for Earth. Kid me loved that movie, adult me re-watched it and…

I didn’t love it as much as Patrick Patterson, who wrote: “To make a sequel to Space Jam would be like trying to paint the Mona Lisa again. Sure, you can probably do it, but why the hell would you want to?”

A lot of the older generation will say that, but if it’s a good movie it will do better than Uncle Drew. (Which, honestly, was better than I expected.) It could be a marketing coup for LeBron, plus add to his legacy of NBA titles and gold medals. Not everyone can put “saved the earth from annihilation” on their resume.