It’s the old “where there’s smoke there’s fire” idea.
There were reports last year the Nets were up for sale. There were reports late last summer that Nets owner Mikhail Prokhorov was in some kind of talks with the Guggenheim Group (which owns the Los Angeles Dodgers). For the past year Nets minority owner Bruce Ratner has been looking to sell his 20 percent of the franchise. None of that worked out.
So now there are the latest reports that Prokhorov has put the team up for sale, something first by Bloomberg. Among others Howard Beck of Bleacher Report confirms that news.
However, the Nets owners are trying to throw some water on that fire. Here is what they told Chris Broussard of ESPN.
ESPN The Magazine’s Chris Broussard reported that Nets CEO Brett Yormark, general manager Billy King and executive VP and chief communications officer Barry Baum all denied Bloomberg’s initial report.
“As we have said for many months, ownership is always open to listening to offers — that’s just good business,” a spokesperson for Prokhorov said in a statement. “There is nothing imminent in terms of a sale of any stake in the team.”
Imminent? No. But if you are trying to sell something and get as much money as you can for it — and apparently the stumbles of the Russian economy have hit Prokhorov hard so he could use the cash — then you don’t look eager to sell. That’s what is going on here. Just try to look patient, get together enough interested parties to start a bidding war, and stand back.
This sale is just the team — Prokhorov is not selling his 45 percent stake in the Barclay’s Center itself nor his interest in the surrounding Pacific Park development. This isn’t a real estate deal, this is just the basketball team.
Which, because it’s in New York, will draw some big offers. Like north of $1 billion offers. And watch, there will be a line of people looking to bid.
Steven Adams signed a two-year, $25.2 million contract extension with Memphis, which will keep him tied to the team through the 2024-25 season. ESPN’s Adrian Wojanrowski broke the news on Saturday.
Adams has been crucial to the Grizzlies’ recent success. He’s coming off his first season with the team, where he averaged career-highs in rebounds (10.0) and assists (3.4). He also helped them lock up the No. 2 spot in the Western Conference and make it to the Conference Semifinals, where they lost to the eventual-champion Warriors 4-2. Despite the improved numbers, a lot of his value is from intangibles that don’t show up in the box score.
Adams spent the first seven years of his career with the Thunder before being traded to New Orleans in the four-team deal that sent Jrue Holiday to Milwaukee. Adams was moved again to Memphis in a package for Jonas Valanciunas.
Adams has found a new home with a young Grizzlies team that is looking to win a championship. The team is built around Ja Morant, Jaren Jackson Jr. and Desmond Bane, but Jackson Jr. is expected to miss time after being diagnosed with a stress fracture in his left foot. Memphis will rely on Adams more than ever to begin the season.
The NBA went to Japan to promote the brand, play a few games in a huge market — Japan specifically but Asia as a whole — and put on a show.
Is there a better show than Stephen Curry and Klay Thompson draining 3s? Here they are in a 3-point contest during a basketball exhibition (there were some pro dunkers) in Tokyo on Saturday.
Stephen Curry, was there any other possible outcome?
It’s preseason and they are the defending champs — they should be having fun, playing with some joy.
Thompson took part in the shooting contest but is not playing in either of the exhibition games in Japan as the Warriors ease him back into play this season. It’s a marathon of a season and the Warriors need the best version of Klay starting in April, not October.
Larry Nance has been a stabilizing influence in New Orleans since coming over mid-season as part of the trade for CJ McCollum. Nance is a versatile player who can play the four or the five, knocks down his threes, is very strong on the glass, can be a disruptive defender in passing lanes, and fits in — and he has the veteran attitude of work this team needs.
So the Pelicans have reached an extension to keep the 29-year-old around for two years past this coming season, reports Adrian Wojnarowski of ESPN.
This is a signing that should make Pelicans fans happy. Importantly, it makes CJ McCollum happy — they are tight and this is something McCollum wanted to see. The money on this deal seems fair, about the league average for a solid rotation player.
Nance is the kind of veteran this team needs considering its young core of Zion Williamson, Brandon Ingram (just turned 25), Herb Jones, and guys like Trey Murphy III, Jose Alvarado, and others. Nance compared it to the young Lakers teams he was on, but noted that team lacked the same level of veteran leadership this Pelicans team has.
We may see more Nance at the five lineups — small ball with Zion at the four — to close games this season in New Orleans, that could be their best lineup because Nance can defend but also spaces the floor for Zion on offense. Coach Willie Green has a lot of different players and matchups to experiment with.
And now he has the stability of Nance for a few more years.
No team had an offseason quite like the Brooklyn Nets. First, they would not give a long-term extension to Kyrie Irving, which sent the star guard looking for a new team (but there were no offers that worked for everyone, so he opted in with Brooklyn). Then Kevin Durant asked for a trade, and to gain a little leverage reportedly threw down an ultimatum of him or the coach and GM. No trade could be found — how much the Nets wanted one is up for debate — so he is back in Brooklyn. And all that is not even getting into the return of Ben Simmons, a trade for Royce O’Neal, or anything else.
The Nets drama and how they move past it has been the talk of training camp. The only talk at training camp, it feels like.
When asked Friday if there were any inaccuracies in the reporting of the Nets summer he would like to clear up, Durant sounded weary of rehashing the summer.
The only thing that will start to move the conversation in a new direction is the Nets playing and winning games (they open the preseason Monday against the 76ers). And even those wins will have the shadow of the offseason cast over them. Durant and Irving made this bed.
Part of the fascination is the Nets remain the team hardest to predict in the league. They arguably have the most talented roster in the league and, if everything comes together just right, they can contend for a title. It’s also possible the wheels fall off early and by Christmas the Nets are looking to trade Durant again. Both things feel possible (even if reality most likely lands somewhere in the middle).
That uncertainty about the Nets’ future is the drama that will keep eyeballs on them — which also means more questions about this past offseason. Durant can choose not to answer them, but the questions aren’t going away.