Report: Cleveland, Cuyahoga County plan to use tax on Cavaliers playoff tickets to pay for arena upgrades

By Dan FeldmanAug 10, 2018, 1:11 PM EDT

Jason Miller/Getty Images

While LeBron James was in the midst of leading the Cavaliers to four straight NBA Finals, they got Cleveland and Cuyahoga County taxpayers to cover most costs of upgrading their arena.

LeBron left for the Lakers, and well…

Michael Powell of The New York Times:

Aspects of the financing look a touch shaky. City and county leaders plan to use a portion of the tax on Cavaliers playoff tickets to help pay off the arena bonds. That looks like a dodgy bet right now as the Cavaliers, shorn of James, may not even make the playoffs.

The Cavaliers advise no worries. They say they will front the money if the city and county have a shortfall — so long as the money is paid back to the team later.

With interest?

Taxpayer funding of arenas is somewhere between mostly and always a bad financial deal for taxpayers. Philosophically, that money can be put to better use – schools, police or just left in the hands of taxpayers – than subsidizing a billionaire’s business. (This is why the idea the Cavs were losing so much money was always misleading.) The wider economic benefits of publicly financed arenas are way overstated. They often just shift where people spend money on entertainment rather than generate new spending. And the people who negotiate these deals on behalf of taxpayers often get taken for a ride.

Case in point. LeBron dragged the Cavaliers to the Finals last year. The remnants of that team are unlikely to make the playoffs, leaving Cleveland and Cuyahoga County without playoff-ticket tax revenue.

Maybe the Cavs will surprise, reach the postseason and sell tickets for several extra home games. But that darn sure isn’t the bet I’d make.

Grizzlies Ja Morant: ‘My job now is… to be more responsible’

By Kurt HelinMar 22, 2023, 1:39 AM EDT

While his coach said he anticipates Ja Morant will return to the court Wednesday for the Grizzlies, Morant downplayed expectations and said things are “still in the air.”

Whether the official return is Wednesday or a few days later, Morant is back practicing with teammates and spoke to the media for the first time since his suspension. He once again was apologetic.

“I’m completely sorry for that,” Morant said, via the Associated Press. “So, you know, my job now is, like I said, to be more responsible, more smarter, and don’t cause any of that no more.”

Morant was suspended eight games by the NBA after flashing a gun in a club and broadcasting it on social media, something NBA Commissioner Adam Silver called “irresponsible” and “reckless.” Morant used that time to go into counseling at a facility in Florida but added he “never had an alcohol problem.”.

“I went there to counseling to learn how to manage stress,” Morant said. “Cope with stress in a positive way, instead of ways I’ve tried to deal with it before that caused me to make mistakes.”

Morant said that his treatment is an “ongoing process,” adding that he was getting off social media and letting his actions speak for him.

Morant and his associates had incidents before that caught the attention of people around the league — including a run-in with Indiana Pacers security — however, this incident in a Colorado club was the first one that hit him in the wallet. The suspension cost him $668,659 in game pay, plus one of his major sponsors — Powerade — pulled an ad campaign featuring him that would have run heavily during March Madness.

The biggest hit is Morant possibly missing out on an All-NBA guard spot. Morant could make $39 million more over the five-year extension that kicks in next season if he makes one of the three All-NBA teams. However, the guard spot is especially crowded with deserving players this season and this incident and the missed games do not help his cause.

Hart will be free agent this summer seeking new contract, ‘would love for it to be New York’

By Kurt HelinMar 21, 2023, 6:36 PM EDT

Josh Hart‘s play since coming to the Knicks has made him a lot of money.

Already a darling of many front offices, Hart has been a seamless fit in New York, averaging 11.1 points and seven rebounds off the bench for Tom Thibodeau, playing quality defense, and being the kind of plug-and-play wing every team can use. He’s quickly become a fan favorite in New York, but the Knicks will have to pay up to keep him. Hart has a player option for $12.9 million next season that he is widely expected to decline — there’s a lot more money and years available to him on the open market.

Hart told Marc Spears of ESPN’s Andscape he wants to find a home, and he hopes that it is in New York.

“I want bigger things for my wife and myself,” Hart said. “Just find a home somewhere where we are valued and really like living there. And I think that can be New York. I would love for it to be New York and hopefully the organization feels the same way. Coming up, this contract is hopefully my biggest one, one where I’m making sure my family’s fully taken care of. So, I’ve also got to take that into account, too.”

That is the polite way of saying, “I like it here but you’re not getting a discount.”

While Hart will have made a tidy $33 million in his career when this season ends, his next four-year contract will be worth more than double that amount — this is the deal that sets up generational wealth for Hart’s family. This is a business and he has to make the decision best for him, as much as he may love the Knicks.

Expect the Knicks to pay up, especially as long as Thibodeau is around. This is a deal that should come together.

But first, Hart and the Knicks are headed to the playoffs, and Madison Square Garden will be rocking. It’s going to be the kind of experience that makes a guy want to stay with a team.

Hall of Famer, Knicks legend Willis Reed dies at 80

By Kurt HelinMar 21, 2023, 5:08 PM EDT

Willis Reed, the legendary Knicks’ center whose dramatic entrance onto the Madison Square Garden floor minutes before Game 7 of the 1970 NBA Finals sparked the team to its first title, has died at the age of 80.

The National Basketball Retired Players Association announced Reed’s passing. While no cause of death was announced, it was known Reed had been in poor health for some time.

“Willis Reed was the ultimate team player and consummate leader,” NBA Commissioner Adam Silver said in a statement. “My earliest and fondest memories of NBA basketball are of watching Willis, who embodied the winning spirit that defined the New York Knicks’ championship teams in the early 1970s. He played the game with remarkable passion and determination, and his inspiring comeback in Game 7 of the 1970 NBA Finals remains one of the most iconic moments in all of sports.

“As a league MVP, two-time NBA Finals MVP and member of the NBA’s 50^th and 75^th Anniversary Teams, Willis was a decorated player who took great pride in his consistency. Following his playing career, Willis mentored the next generation as a coach, team executive and proud HBCU alumnus. We send our deepest condolences to Willis’ wife, Gale, his family, and many friends and fans.”

Reed had an amazing career — highlighted by the two NBA titles and two NBA Finals MVP awards, plus being a seven-time All-Star — but he is best remembered for a legendary 1969-70 season. That year he became the first player to sweep the regular season, All-Star Game and NBA Finals MVP awards.

However, it was him walking out on the court for Game 7 of the Finals in 1970 — after he suffered a thigh injury in Game 5 and had to miss Game 6 of the series, and the Knicks had no answer for the Lakers’ Wilt Chamberlain without him — that became the moment of legend. Reed scored four early points that game, and while he was limited the rest of the way he sparked the team to its first title (Walt Frazier’s 36 points and 19 assists had something to do with the win, too).

Our Captain. pic.twitter.com/2Bg1ro4y37

— NEW YORK KNICKS (@nyknicks) March 21, 2023

Reed was born in 1942 in Hico, Louisiana, and stayed in the state through college, leading Grambling State to the 1961 NAIA title. Considered an undersized center at 6’9 “, teams quickly learned he played much bigger than that as he went on to win the 1965 Rookie of the Year award.

Reed averaged 18.7 points and 12.9 rebounds a season over the course of his career, and he had his No.19 retired by the Knicks. He was elected to the Hall of Fame in 1982.

Reported optimism Towns, Edwards to return to Timberwolves Wednesday

By Kurt HelinMar 21, 2023, 1:42 PM EDT

The Timberwolves could finally get their roster whole this week — just in time for a final postseason push — with the return of both Karl-Anthony Towns and Anthony Edwards.

That could happen as soon as Wednesday, reports Shams Charania of The Athletic.

There is optimism that Minnesota Timberwolves stars Karl-Anthony Towns and Anthony Edwards (ankle) could return as soon as Wednesday vs. Atlanta Hawks, sources tell @TheAthletic @Stadium. Towns, sidelined since Nov. 28 with Grade 3 calf strain, is on the cusp of a major return.

— Shams Charania (@ShamsCharania) March 21, 2023

Facing the Hawks and their bottom-10 defense could be a soft landing spot to bring Towns and Edwards back.

Towns suffered a strained calf in November that was expected to keep him out for 4-6 weeks. However, he had a setback in January, reports Jon Krawczynski at The Athletic, and it has taken until now to get back. Towns averaged 21.4 points and 8.5 rebounds a game this season before the injury, but his efficiency was down (32.8% from 3), and his fit with Rudy Gobert and Edwards was clunky. The trio needed more time to sort everything out, but the injury robbed them of that.

Edwards rolled his ankle last week and it looked much more severe at the time, but he was listed as day-to-day and has bounced back quickly. Edwards is a player who prides himself on playing nightly and pushing through nagging injuries.

https://twitter.com/WolvesRadio/status/1637205927299526656

The return has come at a critical time for the Timberwolves, who sit as the No.8 seed as of this writing (tied for 8-10, officially) in a West where 1.5 games separate the No. 7 and 12 seeds. The Timberwolves need wins and getting their two best offensive players back should be a boost.

However, the fit of this Timberwolves roster — radically overhauled last offseason — was rough in the season’s opening month before Towns was injured. Now the players are being thrown back together for the first time since then. Having a real floor general and pass-first point guard in Mike Conley now should smooth the transition, but the Timberwolves don’t have a lot of season left to work out the kinks, and they need wins now to ensure they make the postseason (ideally as a No.7-8 seed to have an easier path out of the play-in).

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