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Knicks’ owner James Dolan says he doesn’t want to sell Knicks, won’t rule it out either

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Five billion dollars is a lot of money.

Enough money to have James Dolan keeping the door open to something he doesn’t want to do — sell the New York Knicks. While Forbes estimated the Knicks’ value at $3.6 billion, there have been rumors of some possible interest at more than $5 billion.

That is a ray of hope for a beleaguered Knicks fan base has called for James Dolan‘s head on a pike to sell the team for years now. That sale has never seemed likely. It still doesn’t, although some parties have at least put out “feelers.” Because of the massive amount of money involved, Dolan told Ian O’Connor of ESPN (in a must-read piece) a sale can’t be ruled out entirely.

“No one has come through with a bona fide offer. You hear numbers all the time. … I think people have sent feelers out, but never any that were pursued. Yeah, [the feelers are] around that number [$5 billion], but those things, it’s like a stock price. It’s only important if you’re going to buy or sell.”

The Knicks (and NHL’s Rangers, and MSG Network) are owned by the Madison Square Garden Company, which is a publicly traded company that Dolan heads. (It was formed in 2010 when Cablevision spun off the Knicks, Rangers, and MSG Network.) While the company is publicly traded, the majority of stock rests in the hands of Dolan and his family (his father and five siblings). And if they don’t want to sell…

“I love the Knicks and Rangers, right, but you still have a responsibility to your shareholders. They’re not there because they’re fans. You don’t invest hundreds of millions of dollars in a stock because you’re a fan. You do it because you think that the business is going to increase in value, that the stock price is going to go up….

“I could never say that I wouldn’t consider selling the Knicks. Now, my family is not in that position, and they are the majority shareholders. They hold the majority of the vote. … As a majority owner, I don’t want to sell, either. As the head of the public company, you can’t say you can’t sell, because then you’re telling your shareholders that your own personal feelings about your assets are more important than their money. And they won’t invest with you if you do that.”

All of which is to say, don’t bet on a sale anytime soon unless there is a shareholder revolt. And that revolt would need someone (or someones) inside the palace to help out, or it goes nowhere. If the Dolans don’t want to sell, nothing gets sold.

For now, the status quo holds.

In recent years, Dolan has stayed away from basketball decisions more and more. He let Phil Jackson do things his way until it was obvious that was a mistake. Now the current power structure — Steve Mills, Scott Perry, David Fizdale — has been given a lot of room to build a new culture and identity. That takes time, it’s far too early to judge that process. Let’s just hope Dolan continues to give the professionals room and time to do their job.

Since, apparently, he’s not going to be selling anytime soon.

Kings hire WNBA’s Lindsey Harding as assistant coach

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SACRAMENTO, Calif. (AP) — The Sacramento Kings have hired former WNBA player Lindsey Harding as an assistant and player development coach on Luke Walton’s staff.

The team also hired Stacey Augmon and Rico Hines on Friday.

Harding played nine years in the WNBA before working as a pro personnel scout and then player development coach for the Philadelphia 76ers.

She becomes the latest woman to serve as a coach in the NBA, joining others like Boston’s Kara Lawson, San Antonio’s Becky Hammon, Dallas’ Jenny Boucek and Cleveland’s Lindsay Gottlieb.

The Kings have a history of hiring female coaches, notably Nancy Lieberman and Boucek.

 

Wizards reportedly to finally remove interim tag from GM Tommy Sheppard

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Tommy Sheppard has been doing the work as the Wizards GM since April when Wizards owner Ted Leonsis finally ended Ernie Grunfeld’s run as team GM.

Sheppard was the GM through the draft. Through free agency. All the time with the “interim” tag on his job title. In Las Vegas for Summer League, plenty of other executives wondered why that tag was still on Sheppard’s title.

It’s finally coming off, reports Candace Buckner of the Washington Post.

The Washington Wizards removed the interim tag from Tommy Sheppard’s title Friday, promoting him to be the 12th general manager in franchise history, according to a person with knowledge of the situation…

The promotion of Sheppard, who will be entering his 17th season with the Wizards, mirrors the internal hiring decision Leonsis made with his hockey team. In 2014, Leonsis elevated Brian MacLellan as the Washington Capitals senior vice president and general manager after firing George McPhee. Before the promotion, MacLellan had spent the previous seven years under McPhee as an assistant general manager.

This likely will be made official in the next 48-72 hours.

Part of the delay may have been that a couple of prominent names were linked to the Wizards job at different times. There were reportedly talks with Tim Conley, who built Denver into a real threat, but he decided to stay in the Rockies. There were rumors of Masai Ujiri coming to the District, but he has chosen to stay in Toronto after winning a title.

Making Sheppard the full-time GM provides some stability just as the Wizards reach their most important moment of the summer.

On July 26 the Wizards can offer star two guard Bradley Beal a three-year, $111 million extension. The Wizards have been talking to Beal’s people and the offer will be made.

What Beal decides will decide the Wizards future for years. If Beal doesn’t sign that offer, the Wizards have to look at trading him. If he signs it, they need to build more around him.

Beal has spoken numerous times in the past about wanting to stay with the Wizards. However, there was plenty of informed speculation at Summer League that he is frustrated with the franchise and could choose to not sign it and essentially force his way out.

Either way, Beal’s decision will define the next steps for Sheppard for years.

 

Child tries to call out James Harden for step-back travels, he says it’s no travel

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If you tried this move in a high-school game 10 years ago, you would have been called for traveling.

In today’s NBA, as the rules are interpreted, James Harden‘s step back is not a travel.

At an event on Friday, a young fan tried to call Harden out on the travel and he defended himself. Via Kelly Iko of The Athletic.

Harden’s stepback is not a travel (when he executes it properly). Even if it looks like it is.

Here is the play in question.

The official response — meaning from officials:

I know when you played Junior High basketball in 2002 that was a travel, but the NBA hasn’t called it that way in years.

The NBA rule here (Rule 10, Section XIII) simplified is a “gather and two steps.” Meaning one step while Harden is gathering the ball, plus two more. Nobody pushes the boundary of the gather step like Harden, he has mastered the grey area. But when he executes it properly — and he doesn’t every time — it’s not a travel.

No matter what that young boy’s father tells him.

Justin Holiday reportedly reaches deal with Pacers, will join forces with brother

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The Pacers just added the wing depth and some defense at the position they have been looking for.

It’s through someone they have long had their eye on, Justin Holiday, the six-year NBA veteran who split time last season between Chicago and Memphis. He has reached an agreement to join the Pacers — and his brother, Aaron Holiday — for a season in Indiana. Shams Charania of The Athletic broke the news.

The Pacers have been in touch with Holiday for a while, reports J. Michael of the Indy Star.

Holiday averaged 10.5 points a game last season, shot 34.7 percent from three, and played solid wing defense.

Victor Oladipo is the team’s best wing player, once he returns from injury (the Pacers are hoping around Christmas or a little after). Beyond him there is Jeremy Lamb, C.J. Wilcox, T.J. Warren, Doug McDermott, and Brian Bowen. Holiday can find minutes in that group.

This also sparks the dream of an all T.J./Holiday lineup. The Pacers have two Holidays, Justin and Aaron, as well as three un-related players named T.J. — T.J. McConnell, T.J. Warren, and T.J. Leaf. We need to see those five on the court together next season, if only for a few minutes.