Basketball Wiretap

Dan Friedkin Interested In Purchasing Rockets

Aug 17, 2017 7:53 PM

Dan Friedkin is interested in purchasing the Houston Rockets.

Friedkin's wealth primarily comes from owning Gulf States Toyota Distributors. Toyota already has the naming rights to the Rockets' arena.

“Over the years we have enjoyed a close partnership with the Rockets and Les(lie Alexander) through Toyota’s naming rights of the arena,” Friedkin told Fox 26 through a statement. “As a Rockets fan and Houstonian it would be exciting and a privilege to build on the storied legacy of NBA basketball in this city.”

Friedkin is worth approximately $8.4 billion.

Friedkin becomes the second billionaire to enter the race, after Houston native Tilman Fertitta announced his interest. 

In July, Les Alexander announced he intended to sell the Rockets.

Igor Bosilkovski/Forbes

Tags: Houston Rockets, NBA, NBA CBA

Discuss
NBA To Approve Rules On Player-Resting

Aug 10, 2017 5:26 PM

NBA owners are expected to approve player-resting rules in September designed to cut back on teams sitting players for regular season games.

The rules will be in place by the start of the 2017-18 season, and there will be consequences for teams that do not adhere to them.

The move is designed to appease fans and the NBA's business partners.

“There is an expectation among partners that teams are going to act in appropriate ways, (and) find, as I said, that right balance between resting on one hand and obligations to fans and partners on the other,” NBA commissioner Adam Silver told reporters at his April news conference.

Jeff Zillgitt/USA Today

Tags: NBA, NBA CBA

Discuss
NBA Outlines Changes To Schedule

Aug 8, 2017 6:52 PM

The NBA has outlined changes to their schedule in a memo to all 30 teams.

After a series of high-profile players didn't play in major matchups last season, the new schedule protects key national television matchups to make sure teams aren't playing on back-to-back nights. The schedule also hopefully reduces the risk of injury.

The NBA is moving up the start of the regular season by one week.

Some of the new improvements include:

• Eliminating stretches of four games in five days and 18 games in 30 days.

• Reduction of five games in seven nights to just 40 instances across (1.3 per team), down from last year when it was on the schedule 90 times (three per team).

• Reduction in number of back-to-backs to 14.9 per team, down from 16.3 per team. In all, 40 back-to-backs have been eliminated from last season.

• Reduction of single-game road trips by 17 percent.

• Reduction in single-game road trips over 2,000 miles by 67 percent; there are only 11 of them on schedule.

• Increase in weekend games from 549 to 568, much of the boost coming on Saturdays. Previously the NBA avoided Saturdays and Sunday afternoons during football season to dodge conflicts.

Teams that have seen versions of their schedules can petition the league for changes.

Brian Windhorst/ESPN

Tags: NBA, NBA CBA

Discuss
Nets Receiving Interest In Buying Franchise From Several Parties

Aug 6, 2017 6:27 PM

The Brooklyn Nets have received several expressions of interest from parties looking to purchase the franchise. 

Mikhail Prokhorov has hoped to fetch around $2 billion for the franchise.

Alibaba Executive Vice Chairman Joe Tsai has expressed an interest in the team, according to a source.

The majority stake sale comes after a failed attempt to sell a minority interest in the team.

Josh Kosman/New York Post

Tags: Brooklyn Nets, NBA, NBA CBA

Discuss
NBA Could Create New Rule Restricting Pick Swaps

Aug 3, 2017 7:20 PM

The NBA has considered banning pick swaps between drafts in which a team already owes its pick to other teams.

The change in rules has been on the agenda of the competition committee but it has not yet been debated at length.

The Brooklyn Nets included a 2017 pick swap in their trade with the Boston Celtics that essentially saw them trade three consecutive first rounders.

The Stepien Rule prohibits teams from trading away first round picks in consecutive years.

Zach Lowe/ESPN

Tags: NBA, NBA NBA Draft, NBA Draft General, NBA CBA

Discuss
NBA Approves Pistons' Move To Downtown Detroit

Aug 3, 2017 1:21 PM

The NBA Board of Governors unanimously approved the Pistons’ relocation from The Palace of Auburn Hills to Little Caesars Arena in downtown Detroit.

The Pistons will begin playing this upcoming season at Little Caesars Arena.

Tags: Detroit Pistons, NBA, NBA CBA

Discuss
GM: We're Coming Out Of A Cap Bubble

Jul 27, 2017 11:49 AM

The decision by the NBPA to reject cap smoothing created a spike in 2016 that the free agency class that offseason benefited from tremendously to the detriment of subsequent classes. 

Teams in the 2017 offseason had less cap space due to the types of multi-year contracts that were agreed upon in 2016 as well as fewer playoff games.

Many front offices recklessly signed players assuming the cap would continue to climb at its projected rate.

The cap spiked from $70 million in 15-16 to $94 million in 16-17.

"If you're a team, you're sitting there saying, 'Well, I'm not going to negotiate off of someone else's mistake,' " a general manager from a team not linked to any of the players signed by the Grizzlies in 2016 told ESPN. "That was the problem. Players were going to try to hold teams and agents to these comparisons. We're coming out of a bubble.

"You had faulty logic all across the league. The league and the players association for a lack of smoothing, the teams that spent, the agents and players that thought that this was a pot of gold at the end of the rainbow that was never going to end. You had a lot of parties that were guilty of a gold-rush mentality. It's always going to come to an end."

Tim MacMahon, Bobby Marks/ESPN

Tags: NBA, NBA CBA

Discuss
NBA Sees Expansion As Inevitable But Not Sure On Timeline

Jul 25, 2017 9:03 PM

In an interview in June with C.J. McCollum for The Players Tribune, Adam Silver talked about expansion.

"I think it's just a question of when's the right time to seriously start thinking about expansion," said Adam Silver. "Think about the state we're in the league right now, where amazing to me, that coming off these Finals you have some fans saying, 'there's only one good team in the league.'

"I'm thinking, if people really believe that even though we have 450 of the best players in the world and 450 players can only form one really good team, it doesn't make sense to expand in terms of dilution of talent.

"I don't want to put a precise timeline on it, but it's inevitable. At some point we'll start looking at growth of franchises. That's always been the case in this league. Seattle will no doubt be on a short list of cities we'll look at."

Before Game 1 of The Finals, Silver was asked by Danny Leroux about expansion.

"Expansion is not something we’re looking at right now. It is less a function of labor peace, it more goes to the strength of a 30-team league," said Silver. 

Silver cited the financial health for all 30 NBA teams needs to be addressed before expansion.

"I have no doubt at some point we’ll turn back to it, but at least in my last discussions with our owners on this, most of them said let’s keep focusing on the health of these 30 teams and the quality of the competition. When we feel we’re in a better place with the 30 teams we have, maybe at that point we can look to expand."

C.J. McCollum/The Players Tribune

Tags: NBA, NBA CBA

Discuss
Warriors Will Refund PSL Fees After 30 Years

Jul 20, 2017 11:55 AM

The Golden State Warriors are the first NBA team to use personal seat licenses to finance their $1 billion Chase Center.

A team official confirmed that the number of seats dedicated for season-ticket holders will decrease from the 14,500 currently at Oracle Arena in Oakland to roughly 12,000 at Chase Center in San Francisco. Half of the tickets will come with a per-seat cost of $15,000 or less. The other half would cost more than that.

The fee will essentially act as an interest-free, tax-free loan for three decades. The Warriors will return the money the fan paid for the right to buy tickets after 30 years. The license will be called a "membership."

The membership will be transferable, but unlike in the NFL, the licenses will not be allowed to be resold for a value above the original price paid minus the years used.

The Warriors will let fans pay for memberships in installments, though those plans haven't been formalized.

Darren Rovell/ESPN

Tags: Golden State Warriors, NBA, NBA CBA

Discuss