Getty Images

Knicks will not offer Kristaps Porzingis max contract extension to preserve cap space

9 Comments

Inking Kristaps Porzingis to a max five-year, $158 million extension to his rookie contract seems like a no-brainer for the Knicks. Porzingis is more than the best player on the Knicks, he is where the fans have placed their faith. Yes, he’s coming off an ACL tear that will keep him out for at least part of this coming season, but he is the Knicks’ cornerstone to their rebuild. The man should get paid.

And he will the Knicks say… just not this summer.

Team president Steve Mills and GM Scott Perry said at a press conference they talked with Porzingis about paying him as a restricted free agent next summer to preserve cap space to land more talent to play alongside him. From Marc Berman of the New York Post.

The Knicks hope to re-sign Porzingis when he is a restricted free agent in 2019. That way, the team could climb over the salary cap. An extension now would take up precious cap room. Doing it next summer would open up $10 million in cap space.

“Our philosophy is that we’re going to stay connected with [the Porzingis camp],” Perry said. “It’s a long-term thing. Obviously, you mentioned the point of the cap space in July. But we just feel like we’re in a real good space with him, as well as he is with us. And we’re going to do the right thing by him and this organization.”

“He’ll never feel like he’s not a cornerstone part of what we’re trying to do here,” Mills said. “He understands that. We make that crystal clear to him and his representation.”

The Knicks are going big game hunting next summer and Kyrie Irving is reportedly at the top of their target list. Jimmy Butler also could be an option (the Knicks are on his short trade list, but the team made it clear they are not giving up assets to get a player they can land in free agency).

What the Knicks are doing with Porzingis has been done before by teams, most notably the Spurs with Kawhi Leonard (and that move is not part of the ill-will between the sides that led to the trade to Toronto). It can work — if the player fully understands this is simply a cap/flexibility move and is not offended by the “snub.” The question is how does Porzingis and his camp feel about it? We will find out down the line.

Either way, the Knicks will be able to keep Porzingis, they can offer the same extension next summer, and can match any offer another team might make to poach the star big man. However, to get to that point Porzingis would have had to sign that offer sheet from another team, a sign of discord between the sides. The Knicks cannot let it get to that. They cannot allow bad blood build up. New coach David Fizdale flew to Latvia this summer to talk to Porzingis and get him on board with the plan. The energy seems good between them, the Knicks can’t let money get in the way of that.

At the press conference, the Knicks’ brass also refused to put a timetable on Porzingis’ return from the ACL surgery last February. He is expected to miss much of the season, not returning until around Christmas at the earliest and maybe closer to the All-Star break in February. Or later. The Knicks are not going to pressure him.

Report: Lakers unwilling to give up youth in exchange for Trevor Ariza

AP
2 Comments

The Los Angeles Lakers would like to have Trevor Ariza back in the Forum blue and gold. However, it might not be that easy.

Ariza is due a significant amount of money from the Phoenix Suns this season, and in order to make a trade work the Lakers would need to get rid of some players of their own. Their preferred current roster member would be Kentavious Caldwell-Pope, although several teams are reluctant to take him. Of course, teams want something in return if they are going to help facilitate any deal between the Lakers and the Suns, which has helped put a stop on any movement.

According to a recent report, the Lakers are unwilling to include any of their young core in a trade for a reason. That apparently means Lonzo Ball, Josh Hart, Kyle Kuzma, and Brandon Ingram are unavailable in a deal with Ariza as currently constructed.

Via LA Times:

The Lakers have informed teams that have called about trade proposals that they will not give up any of their young core unless it’s for a superstar player, one person said.

The Suns were turned down when they sought to get one of the Lakers’ young players in exchange for Ariza, and Phoenix also rejected a three-team deal that was discussed with the Lakers.

The Lakers and Suns have continued to pursue trade scenarios that make sense for both teams.

Phoenix and Los Angeles are still reportedly trying to get a deal done for Ariza, but nothing is imminent. It does make sense that LA wouldn’t want to give up some of their younger players for an aging Ariza, who would fit well next to LeBron James but whose value has declined as we’ve seen the variance in his play between last season with the Houston Rockets and this year with the Suns.

I would still put my money on Ariza playing as a member of the home team at Staples Center this season. Typically when LeBron wants to add a veteran he likes around him, a deal gets done. For right now, we don’t know what a potential trade might look like, unless someone decides to relent in their asking price.

Phoenix woman roasts Suns owner Robert Sarver at city council meeting, calls him “so tight he squeaks” (VIDEO)

Twitter
3 Comments

The Phoenix Suns aren’t going to move. Owner Robert Sarver made a poorly-calculated threat to relocate the team to either Seattle or Las Vegas this week, something that was quickly walked back.

On Wednesday the Phoenix city council decided to postpone a vote on whether to help renovate Talking Stick Resort Arena, where the Suns play. Sarver has been lobbying for the renovations for some time, and wants public funding to do it.

But this is 2018, and people are wary of that sort of thing. The public is less likely to fork over the kind of unfettered public funds that most owners want, and people want a better return for their tax dollar these days.

Greta Rogers, a local area resident, voiced her concerns Wednesday night to the city council about them dealing with and potentially bending to Sarver’s will. Rogers’ comments to the council quickly became the thing of legend, with her calling Sarver “so tight he squeaks when he walks”.

Via Twitter:

That’s the right call in today’s day and age. Owners have far too much sway, and their stewardship of a public trust like a sports team shouldn’t allow them to influence taxpayers in the manner Sarver is attempting. In fact, it should be much the opposite.

Thanks to TV deals, Big 4 sports franchises are basically a license to print money. People don’t even need to show up to the stadium anymore — just look at most MLB parks. Owner-favorable tax deals, at least on the scale most cities hand out, are just bad business at this point.

On Thursday Sarver issued a video via the team Twitter account that didn’t say much of anything, despite the intention. In it, Sarver said he was committed to keeping the Suns in downtown Phoenix, building a new practice facility, and renovating the stadium. He didn’t mention anything about paying for it himself, which you would think he could do with a rumored net worth of $400 million. Or the team could just do it, since it’s a billion-dollar enterprise that can take out loans like any other business. Because, you know, that’s how capital expenditures work.

Sarver’s clumsy attempt to bully money out of the city of Phoenix in a post-SuperSonics NBA was pretty laughable. Hopefully more folks like Greta Rogers keep the council’s feet to the fire.

Ex-Sacramento Kings executive to plead guilty to siphoning $13.4 million from the team

AP Photo/Rich Pedroncelli
Leave a comment

SAN FRANCISCO (AP) — Court records show a former Sacramento Kings top executive has agreed to plead guilty to siphoning $13.4 million from the team to buy Southern California beachfront properties.

Federal prosecutors in Sacramento, California, on Wednesday filed charges and a plea agreement signed by former chief revenue officer Jeffrey David admitting to forging the team president’s signature to divert sponsorship payments to a bank account he controlled. Court records show the properties have been sold for $14.8 million, and the team is expected to recoup the stolen funds.

David is expected to plead guilty to wire fraud and identity theft in January and faces at least two years in prison, court records show.

David’s lawyer, Mark Reichel, didn’t return a call for comment.

The Sacramento Bee first reported the plea deal Wednesday.

Report: Dirk Nowitzki will make season debut Thursday against Suns

Getty
Leave a comment

Dirk Nowitzki is coming back for the Dallas Mavericks.

The veteran forward has been nursing a return from ankle surgery all season long, and has yet to make his debut in 2018-19. Despite not having Nowitzki on the floor, the Mavericks have jumped out to an impressive 15-11 record with Harrison Barnes, Luka Doncic, and DeAndre Jordan leading the way.

The news was announced on social media on Thursday before the Mavericks got set to take on the Phoenix Suns.

Via Twitter:

Of course, sending Nowitzki back onto an NBA floor against Phoenix is perhaps the easiest test he could have as he comes back from an injury. The Suns are god-awful, and Nowitzki will need some time to readjust to playing at full speed (or at least at whatever speed he normally plays at).

The 40-year-old German star should be able to help the Mavericks as a bench contributor this season. Hopefully with Nowitzki on the floor Dallas can solidify their potential playoff berth.