Report: 76ers trading Richaun Holmes to Suns, signing Jonah Bolden

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The Thunder-Hawks-76ers three-team trade was reportedly on hold to becoming official while Philadelphia eyed another move.

Trading Jerryd Bayless (and surely something positive, like a draft pick) for Kyle Korver? The 76ers could still do that.

But this appears to be the move that had to precede the three-team trade – and the move that completed the Suns’ trade with the Nets.

Shams Charania of Yahoo Sports:

David Aldridge of NBA.com:

The Suns did well to add Richaun Holmes, a 24-year-old energy center. The only question is whether did it in the optimal way.

Instead of trading a second-rounder to go from Jared Dudley‘s $9,530,000 salary to Darrell Arthur‘s $7,464,912 salary, Phoenix could have cleared the cap room necessary to acquire Holmes by waiving Davon Reed or Shaquille Harrison.

Instead, Phoenix will keep Reed and Harrison. The Suns should know Reed and Harrison, both of whom played limited minutes as rookies last year, better than outsiders do. To a certain extent, there’s little choice but to defer to the team’s judgment.

Holmes was behind Joel Embiid and Amir Johnson at center in Philadelphia. Given Embiid’s injury history, third center is an important role on the 76ers. But, after Nemanja Bjelica backed out of his deal with them, they traded for Mike Muscala as their stretch four. However, unlike Bjelica (who swung more toward small forward when switching positions), Muscala swings toward center. He provides enough depth behind Embiid and Johnson.

So, Holmes became the odd man out with Philadelphia needing to clear a roster spot to sign 2017 No. 36 pick Jonah Bolden (a player I liked quite a bit in the draft).

Bolden’s minimum salary would have been $5,721,234 over the next four years. So, he got a little more and likely some of it guaranteed. In exchange, he gave the 76ers team control at a cheap salary for the longest possible time. He’s betting against himself.

After signing Bolden into cap space, Philadelphia can now execute the deal with Oklahoma City and Atlanta.

Sacramento Kings turning former arena into coronavirus surge hospital

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If you’re old enough, you might remember Arco Arena as the home of the Sacramento Kings when they were a playoff team. Chris Webber, Mike Bibby, Peja Stojaković, and company pushed the Shaq/Kobe Lakers to seven games in 2002 and won huge playoff games in the arena. Arco was where Jason Williams was dropping dimes without looking, and arena which later became known as the Sleep Train Arena, Power Balance Pavilion, and eventually the current Natomas Arena.

Now, it’s about to be a coronavirus surge hospital.

The Kings are making the arena available and it will house about 360 beds, the team announced on Friday. The team also is donating $250,000 to support area community organizations providing services to families in need in the area, plus donating 100,000 medical masks to state and local health agencies.

“On behalf of the entire Kings family, our hearts are with all who have been affected by this pandemic,” said Sacramento Kings owner Vivek Ranadivé in a statement. “California always leads the nation and the world, and we applaud Governor [Gavin] Newsom’s strong and decisive leadership to keep Californians healthy and safe during this crisis…

“Our community has always come first, and that is more important now than ever,” Ranadivé continued. “The Kings are proud to help by providing additional space to accommodate a predicted surge in patients. We are also donating masks to help keep people healthy, and critical resources to area organizations that are addressing food insecurity and other issues as a result of the coronavirus. I have always been in awe of the resilience and ingenuity of the American people and firmly believe that together, we will defeat this invisible enemy.”

The Kings moved to the Golden 1 Center in downtown Sacramento in 2015 and since then their former home and practice arena has mostly sat vacant. The Kings’ G-League team practices there at times, but like the rest of basketball they find their season suspended.

Hopefully, this arena helps save some lives in the California capital. That would be the most important thing ever to happen in the building.

WNBA postpones season

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Mavericks owner Mark Cuban backed off his belief that the NBA could resume in May.

It’s just already clear, amid the coronavirus pandemic, it’ll be unsafe to hold professional basketball games that soon.

WNBA release:

WNBA Commissioner Cathy Engelbert released the following statement:

“As developments continue to emerge around the COVID-19 pandemic, including the extension of the social distancing guidelines in the United States through April 30, the WNBA will postpone the start of its training camps and tip of the regular season originally scheduled for May 15.  While the league continues to use this time to conduct scenario-planning regarding new start dates and innovative formats, our guiding principle will continue to be the health and safety of the players, fans and employees.

Many top female players – including Los Angeles Sparks guard Sydney Wiese, who tested positive for coronavirus – play overseas during the WNBA offseason. That frequency of travel makes it even riskier for WNBA teams to gather any time soon.

The WNBA will still hold its draft April 17, conducting proceedings virtually. That could provide lessons to the NBA as it determines how to handle its draft.

Joel Embiid, 76ers owners pledging $1.3M for fighting coronavirus

76ers owner Josh Harris and Joel Embiid
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Joel Embiid just showed up 76ers owners Josh Harris and David Blitzer by pledging to pay team employees who were set to have their pay cut. Amid widespread backlash, the 76ers backtracked on their salary-reduction plan.

Now – with a portion of Embiid’s coronavirus-related donation unallocated and Harris and Blitzer looking to change the narrative around them – those three are working together.

Noah Levick of NBC Sports Philadelphia:

Joel Embiid, Sixers managing partner Josh Harris and co-managing partner David Blitzer are contributing a combined $1.3 million to Penn Medicine, establishing a funding campaign for COVID-19 antibody testing of frontline healthcare workers.

According to a Penn Medicine press release, “The pledge from Embiid, Harris and Blitzer will provide a much-needed boost for efforts to quickly identify health care workers who may have immunity to the new virus.”

This is great.

Some Utah Jazz employees laid off as part of cutback across owner’s businesses

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The Philadephia 76ers came in early, trying to force 20 percent cutbacks in salaries across the franchise’s staff. That lasted less than 24 hours before the backlash hit, the net worth of the team’s primary owner, Joshua Harris, was trending on Twitter, and the decision was reversed.

That stopped other owners from making a similar move or laying employees off for a while, but not long after the top 100 earners at the NBA League office — including Commissioner Adam Silver — were given a 20 percent pay reduction. The worsening economic crisis caused by the coronavirus shutdown of the United States is pushing NBA owners to act.

On Friday, the Utah Jazz — owned by the Larry H. Miller Group, which in total has more 80 different companies under its umbrella — sent this message to Adrian Wojnarowski ESPN:

“Due to the impact on our customer-facing businesses from this unprecedented pandemic, the (Miller Group) …. unfortunately had to make difficult decisions to reduce a small percentage of our workforce. Over the past several weeks, we have worked to manage and reduce costs, including executive compensation, and have reached a point where we have had to say farewell to a limited number of our valued employees.

“We have connected with our associates with outplacement services and aligned them with employers who have immediate hiring needs. We remain focused on helping our communities stay healthy.”

Reports out of Utah say these are layoffs that hit a lot of people and could be permanent.

It’s not fair, but little is fair right now. As noted, this is not just a layoff of some Jazz employees but also people at other businesses across the Larry H. Miller company.

Expect other NBA owners to follow suit soon, too. Not all, but some. Like owners of businesses of all sizes, they have been both hit hard in the short term and see a looming recession beyond the coronavirus. They will be looking to save money.