ROBYN BECK/AFP/Getty Images

Michael Jordan takes another shot, enters high-end tequila business with Jeanie Buss, other owners

6 Comments

Michael Jordan’s drink of choice? Tequila. And not the cheap stuff poured into a weak house margarita at a tacky chain Mexican restaurant, we’re talking the good, sipping tequila. The stuff the rest of us think we can afford about three drinks into the night already.

Now Jordan is getting into the tequila business with several other NBA owners — the Lakers’ Jeanie Buss, the Bucks’ Wes Edens, and the Celtics Wyc Grousbeck plus his then-fiancée-now-wife Emilia Fazzalari — and the brand has just launched.

Chloe Sorvino at Forbes Magazine had a more detailed breakdown about how this idea came together over a dinner they all shared at an owners’ meeting in New York in 2016.

By the time they were seated, this multibillion-dollar table was discussing the specific characteristics they wished they could find on the shelf—a tequila with a smooth, long finish like a fine cognac or whiskey.

“That was when we realized there was an opportunity in the market to create a new tequila, a better tequila,” says Fazzalari, who spent 29 years in financial services, in part developing information platforms for the energy sector, and has been heading up the project as CEO. “We let our hair down and became true friends that night.”

Tequila-fueled gamesmanship aside, the idea for Cincoro came at the right time. The United States consumes more tequila than any other nation–about 18.3 million cases last year, or 56% of global consumption, according to consultancy IWSR Drinks Market Analysis… The ultra-premium side of the American tequila market (where the starting price is $45 a bottle) is also growing fast—a 19% increase each year since 2013.

Having Jordan’s name and brand attached to the product also can help sales, as Nike will happily attest.

Maybe this works, maybe it doesn’t — much like the restaurant business, the liquor business is a fickle one that tends to defy expectations. These people have the money to afford a little loss, but they didn’t get rich taking losses very often.

Just expect if you’re sitting in the high-end seats near the court this season to watch LeBron James or Giannis Antetokounmpo or Kemba Walker, there will be certain, somewhat pricy tequila available on the menu.

Warriors’ reportedly showing no urgency to trade D’Angelo Russell

Streeter Lecka/Getty Images
Leave a comment

It’s been the same story since Golden State did a sign-and-trade with Brooklyn last summer that brought them back D'Angelo Russell on a new max contract.

Around the league, executives with other teams expect the Warriors to trade Russell, questioning how he fits long-term with Stephen Curry and Klay Thompson. Golden State itself, however, has pushed back on the idea it just got Russell to trade him and they want to see if a three-guard rotation can work.

Come Dec. 15, Russell — and most players signed this summer — become eligible to be traded. The Warriors still appear to be in no rush, reports Sean Deveney of Heavy.com.

“If it is something that they’re going to do quickly, like before the end of this month, I wouldn’t say they’re pushing for it,” one general manager said. “Maybe they have a deal in mind, maybe they’re sitting on something and laying low. But I’d be surprised. That’s not how they’d approach it, I’d think. You want to create a market if you are going to trade a player like him, you want to pit teams against each other, drive up the price. You don’t want to lock into one deal. But the market thing, that’s not really happening yet. They’re not pushing the market for him.”

What is the motivation for Golden State to move Russell now, or at the February trade deadline, as opposed to next June around the draft? Or next July? There isn’t, unless some team approaches them with a Godfather offer. This season is a lost cause for the Warriors, and next season they are going to be looking for veterans to help them win now more than rookies to develop.

Russell has averaged 22.3 points a game and played well when healthy, but he has missed half of the Warriors games so far this season due to injury. That’s not exactly boosting Russell’s trade value, another reason to be patient.

Maybe the Russell trade drama ramps up after the season ends, but for now the Warriors continue to play it cool.

People with power within Knicks reportedly “obsessed” with Masai Ujiri

Rick Madonik/Toronto Star via Getty Images
Leave a comment

In the latest sign of dysfunction in New York, Knicks president Steve Mills and GM Scott Perry didn’t show their face and talk to the media Saturday about the firing of coach David Fizdale. Instead, they sent interim head coach Mike Miller to a podium, by himself, to talk about the situation. It was awkward. It’s also not how well-run organizations handle things.

Mills and Perry are on the hot seat — and they should be. This 4-19 Knicks season is more on them and how this roster was built than Fizdale (who was not blameless in all this).

There have been rumors owner James Dolan may go after Raptors president Masai Ujiri to take over Knicks, and that is growing into an “obsession” with influential people, reports Ian Begley of SNY.tv.

Will the Knicks have a shot at landing Ujiri? That’s unclear. But once the Knicks started struggling last month, multiple Madison Square Garden people in positions of influence have been ‘obsessed’ with – and ‘enamored’ by – the Raptors executive, per SNY sources.

In order to land Ujiri, it will probably take significant money and full autonomy.

There is no evidence that Ujiri, the man who built Toronto into a champion, would seriously consider leaving the Raptors for the Knicks.

The real key to luring Ujiri to Madison Square Garden is “full autonomy.” No Knicks president has had it. Phil Jackson was told he had it, but he wasn’t able to bring in his people who pushed out some of the entrenched staff. Sources told me that other people considered for team president have asked for the power to clean out the front office and bring in their own guys, only to learn Mills and others would remain in positions of power.

Owner James Dolan has stepped back from involving himself in basketball decisions in recent years, will he take the next step and let someone else fully run his basketball operations side without any pushback or interference internally?

One thing to watch with the Knicks going forward: Do they make any trade deadline deals? (That market really opens up soon, on Dec. 15 players signed this summer can be traded.) If New York does make a trade, is it a short-term boost kind of move designed to get wins now and maybe help save certain executive’s jobs, or are they trades focused on the long-term building of a winner? Since Jackson was in charge, the Knicks have done a good job not trading away their first-round picks, this would be a poor time to change that trend.

 

Myles Turner block, Julius Randle missed free throw with 0.1 left gives Pacers one-point win

Mike Stobe/Getty Images
1 Comment

For the Knicks, under interim coach Mike Miller, this was a step forward. New York had been blown out by 37+ points their last two games, and that helped cost David Fizdale his job, but here they were with a chance to send the game to overtime late.

For the Pacers, this is just a win.

But that win came down to the final play — a blocked shot by Myles Turner then a missed Julius Randle free throw with 0.1 on the clock gave Indiana the 104-103 win.

“You get in those games, you’ve got to make another play and we just didn’t make another play,” Miller said, via the Associated Press. “Loved the effort. That was fun.”

A Jeremy Lamb and-1  had the Pacers up by six, 104-98, with 5:17 left. The Pacers would not score again.

What kept the Pacers alive was their defense — the Knicks shot 2-of-15 in the final 5:05 of the game, then with everything on the line Myles Turner came up with the game-saving block on Michell Robinson.

Julius Randle got the offensive rebound and was fouled when he went back up. That sent Randle — the Knicks biggest offseason signing — to the free throw line with 0.1 on the clock and the chance to force overtime. Randle hit the first, but…

There are no moral victories in the NBA, but this feels like one for New York.

For the Pacers, they will just take the win, thank you very much.

 

Russell Westbrook’s third-straight triple-double powers Rockets past Suns

Leave a comment

HOUSTON (AP) — On a night where James Harden‘s shots weren’t falling for three quarters, the Houston Rockets got big performances from those in supporting roles until the star stepped up late to close out the victory.

Harden scored 18 of his 34 points in the fourth quarter and Ben McLemore added 27 points to help the Rockets outlast the Phoenix Suns 115-109 on Saturday night.

Harden had a tough shooting night through three quarters and was 5 of 19 overall and 1 of 10 on 3s with 16 points before getting going in the fourth. The game was tied with about 7 minutes left, and he scored all of Houston’s points in a 13-6 run that made it 102-95.

“That’s how deep we are,” Harden said. “We have a really good team and guys that can make plays and knock down shots. More importantly we were focused on our defense.”

Russell Westbrook had 24 points, 14 rebounds and 11 assists for his third straight triple-double and sixth this season. Harden finished 8 of 27, 3 of 17 on 3s and made 15 of 18 free throws.

Devin Booker led the Suns with 35 points after scoring a season-high 44 in an overtime victory at New Orleans on Thursday night.

Phoenix coach Monty Williams was proud of his team for staying in it until the very end.

“We have a mentality that we just don’t give in,” Williams said. “We’re playing young guys that are learning how to play against physical NBA men and that’s part of developing.”

The Suns cut the lead to five twice in the last 90 seconds, but both times Westbrook made a layup to extend the advantage. And the second time he was fouled on the shot and made the free throw to make it 114-106.

The Suns scored seven straight points, capped by a dunk from Kelly Oubre, to tie it at 85 with about 9 minutes left. After a timeout, Harden scored Houston’s first points in about three minutes on a layup to put Houston back on top.

It was tied again before Harden scored five points to give the Rockets a 94-89 lead. He stole the ball from Ty Jerome after that and was fouled by Booker on a drive, with Harden aggressively continuing forward and pushing Booker off the court. Harden later shoved Booker, and they both received technical fouls to the bewilderment of the Suns.

Harden made both free throws to make it seven points in a row and was fouled again after he stole the ball from Mikal Bridges. Harden made one of those free throws to make it 97-89.

“He finds a way to win the game,” Houston coach Mike D’Antoni said. “A lot of guys contributed. A lot of guys played well.”