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Tag:Oklahoma City
Posted on: February 25, 2012 8:56 pm
 

Stern anoints Silver as successor

ORLANDO, Fla. – David Stern proclaimed Saturday night what has long been assumed but never confirmed: He will recommend deputy commissioner Adam Silver to succeed him as commissioner when he retires.

“One of the things that a good CEO does -- and I try to be a good CEO -- is provide his board with a spectacular choice for his successor,” Stern said during his annual All-Star news conference. “And I have done that. And that's Adam.”

Stern, 69, reiterated what he said after the collective bargaining agreement saving a 66-game season after a 149-day lockout was finalized: He will not be commissioner when both sides have the opportunity to opt out of the deal in 2017. Beyond that, he placed no timetable on his departure, but said he would have the discussion with owners “very soon.”

Silver has been deputy commissioner and chief operating office since 2006 after serving for more than eight years as president and COO of NBA Entertainment. He has played a key role in negotiating the league’s last two broadcast rights agreements and the last four collective bargaining agreements with the National Basketball Players Association – and also created NBA China as a stand-alone entity. Silver, who also played a key role in delivering the league’s public message to the media during the lockout, was asked during Stern’s news conference how prepared he is for the job. He smiled and slid the microphone in front of Stern.

“He’s a first-rate, top-of-the-class executive,” Stern said.

Stern's recommendation of Silver would have to be approved by the league's Board of Governors.

Among the other news Stern made Saturday night:

• Negotiations in Orlando involving the league, city of Sacramento and the Maloof family on achieving a funding plan for a new arena before a March 1 deadline has “several remaining points that may or not be bridged,” Stern said. The talks will continue Sunday, and Stern said the issue is coming up with additional funding necessary to pay for the project. “Life is a negotiation,” he said. “… It’s getting there, but it’s just not there yet. And we’re looking for other ways, imaginative ways, to bridge the gap.”

• He confirmed that there is a leading candidate to purchase the New Orleans Hornets and that the league is “optimistic that we will make a deal” in the next “week or 10 days.” There is a second group that is “in sort of second place,” Stern said, “waiting to see how we do with group one.” Both groups would keep the team in New Orleans, where the city is continuing to negotiate an arena lease extension upon which the ownership deal is contingent.

• Stern confirmed that he has spoken with Seattle investor Chris Hansen, who is spearheading support for an arena to attract a team and replace the Supersonics, who moved to Oklahoma City in 2008. “It sounded OK to us,” Stern said of Hansen’s plan. “Go for it. That’s all.” But Stern acknowledged that the plan would require that “we have a team that we could put there.” As arena funding talks with Sacramento and the Malodors continue, one might view Stern’s enthusiasm about the prospect of a return to Seattle as a leverage point in that negotiation.

• Stern alluded to increased attendance, TV ratings and sales, but didn’t give specifics. National Basketball Players Association executive director Billy Hunter said earlier in the day that Stern has told him attendance and merchandise sales are up, and that Silver told him in a recent meeting that league revenues are expected to increase more than pre-lockout projections. “Everything is good,” Stern said.

• Asked whether the NBA would consider aiding teams that lose superstars to free agency, such as host city Orlando is facing with Dwight Howard, Stern said, and “No. Why should we? … We have a system that has a draft that basically tells a player where he’s going to play in this league when he’s drafted, and a further system that has a huge advantage to the team that has him. Our players could play for seven years for a team they didn’t choose. And we think that’s a system, but not a prison. ... I'm sure Dwight will make a good and wise decision for him."

• Stern shot down the notion of adding expansion teams in North America (as if there aren’t too many teams already). But he wouldn’t rule out overseas expansion in the next 10 years, deferring the topic to silver, who said, “We’ll see.”

• Stern took issue when asked to evaluate his decision, when acting in his capacity as the owner of the Hornets, to disallow the trade that would’ve sent Chris Paul to the Lakers. “There’s no superstar that gets traded in this league unless the owner says, ‘Go ahead with it.’ And in the case of New Orleans, the representative of the owner said, ‘That’s not a trade we’re going to make.’” “But that representative was you?” Stern was asked. “Correct,” he said. “And was that the right move to make?” “Buy a ticket and see,” Stern said. “We’ll see how it works out.”

• Asked about reports that shoe companies are trying to steer their star clients to bigger markets – a reference to Adidas’ relationship with Howard – Silver said the league does not have jurisdiction over shoe companies. “But we have looked into it, and we have been assured by the two major shoe companies in the league that the incentives they build into contracts are based on winning as opposed to market size,” Silver said.

• On Jeremy Lin, the Taiwanese-American whose sudden emergence with the Knicks has spawned intense global interest, Stern said, “I just think it’s the universal story of the underdog stepping forward.”
Posted on: February 19, 2012 6:54 pm
 

Cuban would support Seattle return

NEW YORK -- Mark Cuban always holds court with the media when his Mavericks make their annual visit to Madison Square Garden. On Sunday, he said he'd support Seattle's efforts to return to the NBA.

"As long as it’s not an expansion team, yes," Cuban said. "... I voted against the move because I thought it was wrong to leave Seattle. I’d be all for a team going back to Seattle. But it would have to be a team that moves. I’d be against any type of expansion."

Plans for a $490 million arena aimed at attracting an NBA and NHL team to Seattle were unveiled this week, with a $290 million commitment from investors led by Seattle native and hedge-fund manager Chris Hansen. The balance of the funds would come from tax revenues generated by the building and rent paid by the teams, according to the plan.

But with the NBA already in a state of overexpansion, the irony for Seattle is that its path back to the NBA would have to entail doing what Oklahoma City did to Seattle in 2008: luring a team from somewhere else. The likely suspects are Sacramento and New Orleans, where both NBA teams are facing uncertain arena situations.

"Teams go in cycles," Cuban said. "When you're at the top of the cycle, like Sacramento when they were winning, they were selling out every game and it was one of the hardest places to play. But it’s really how the market supports the team when you suck."

A vote by the Sacramento City Council is expected by the end of the month on a funding plan for a new downtown arena for the Kings. Sources say the NBA has narrowed its list of potential buyers for the league-owned Hornets to a handful of groups -- possibly two -- that would keep the team in Louisiana. The announcement of a purchase agreement could come soon after All-Star weekend, pending the resolution of talks between the league, Gov. Bobby Jindal's office and the Louisiana legislature on a new arena lease.

"We continue to work with the Hornets to reach a long-term leasing agreement," Frank Collins, Jindal's press secretary, said in a statement provided to CBSSports.com.

Cuban also weighed in on the new collective bargaining agreement, which he helped negotiate as a member of the owners' labor relations committee. Asked when it will be known whether the owners got a good deal or a bad deal, Cuban said, "We'll find out over the next three or four years. We’ll see what happens when we have a chance to opt out of it in six years.

Asked what criteria should be used to evaluate the new CBA, Cuban said, "Are all the teams making money? ... If all the teams have a chance to compete, then you have a better chance of making money. If you have a better chance of retaining your star players, you have a better chance of making money. So they all go hand in hand."
Posted on: December 25, 2011 4:05 pm
 

'Relieved' Stern vows new CBA will work

DALLAS -- While admitting that he was "a little bit relieved" to be presiding over an opening day that almost didn't happen, NBA commisssioner David Stern vowed Sunday that the new labor agreement reached last month is "going to work over time" to create a competitively balanced league.

"We think we're going to come out of this pretty well," Stern said before his first opening-day stop, the NBA Finals rematch between the Heat and Mavericks. Afterward, Stern was set to make his way to Oklahoma City to watch the Magic and Thunder.

"We're beginning to see shorter contacts already under the collective bargaining agreement as teams cast a wary eye on two years from now, when the enhanced tax gets to be considerably higher and you have to be mindful of that," Stern said.

Of course, this being the NBA -- which has endured a rocky transition to the start of a 66-game season after a contentious, five-month labor fight -- some unresolved issues remain.

First, Stern addressed the fact that the owners of the two teams he was about to watch, Miami's Micky Arison and Dallas' Mark Cuban, were among the five who voted against the new labor deal. Arison has acknowledged that his no-vote was registered in protest, presumably over elements of the revenue-sharing plan that was a major sticking point for owners.

"That doesn't send any signal whatsoever," Stern said of the formal disapproval registered by Arison and Cuban, saying the revenue-sharing plan will amount to close to $200 million by the third year of the CBA -- giving "all teams the opportunity to compete," he said.

"The shorter contracts will make more free agents available on the market, and the enhanced tax system will make it more difficult for teams to use their resources simply to get a competitive advantage," Stern said.

But while Stern said the new agreement continues to embrace the concept of free agency, he solicited suggestions from the media audience as to how to address a more burning issue: the practice of players who are not yet free agents trying to force their way to the team of their choice, as Carmelo Anthony and Chris Paul have done, and as Dwight Howard is in the process of doing.

"I'm an avid reader of many of your rants ... so what would you suggest?" Stern said to me when I asked him about the topic

"For example, a franchise tag," I said.

Stern pointed to a new measure in the CBA that allows a team to extend a star player by paying him 30 percent of the salary cap, as the Bulls recently did to retain reigning MVP Derrick Rose.

"After that, when a player has played a number of years in the league -- seven or eight -- and says, 'I don't want to re-sign in this particular city, I have a different choice,' it doesnt concern us at all that he has that option," Stern said. "This league has embraced free agency ... and has for decades. And that's fine."

Stern also pointed out that if a team decides to call an impending free agent's bluff and "try to persuade him" to stay after the season, there is a "strong incentive" in the form of the five-year contract with 7.5 percent raises that the home team can offer as opposed to a four-year deal with 4.5 percent raises that other suitors have available, he said.

"The difference at the max end is going to approach $30 million," Stern said. "So we'll be watching some interesting situations play out, whether players will forgo that difference."

Stern said the concept of players pushing to be traded to a team of his choice "goes back to Wilt (Chamberlain) and Kareem (Abdul-Jabbar). It's well-grounded in all sports, actually. And in fact, the NFL hasn't had to use its franchise player designation a lot. Either the player wants to stay or he doesn't want to stay, so I don't think we need it."

Among the other topics Stern addressed on opening day in Dallas before heading to Oklahoma City:

* On the trend set by the Heat with the formation of their Big Three last summer: "I don't think it's a slippery slope at all. I think the fact that players are able to move from team to team, having played under their contracts -- their rookie extension, whatever it is -- and find a team that is managed well enough so they are under the cap and they can acquire more than one player, we think that's fine. The ultimate for the league will be whether that's an interesting and fun team, and the Heat are an interesting and fun team."

* On the rising cost of stockpiling stars: "I don't think that free agency should be looked askance at because that's what players are entitled to do. It will get expensive over time for teams to acquire players with increasing contracts and the like, but it will have a way of working itself out. And I would say to you that this is going to be a system that is more likely than not to be here 10 years from now."

* On his role in the Chris Paul trade debacle: "I don't think it affected the integrity of the league. But I do think I could have done a better communications job."

* On the new CBA's impact on small-market teams: "A team that goes into the tax for a $20 million player in Year Three is going to pay $45M in tax money. We'll see who does that. And the way this is going to help the small team is that there will be more free agents available over time, playing out their four-year contracts and shorter -- because contracts are getting shorter. ... I hate to use the term 'small market,' because three of the smallest markets in our league are Oklahoma City, New Orleans and San Antonio. Don't cry for any of them, but they're small markets."

* On how and why the labor deal finally got done: "This process got speeded up because we sat down with the players and we agreed that Christmas Day was a wonderful magnet. If we were going to be able to play 66 games -- a 20 percent reduction, a 20 percent reduction in pay, etc. -- let's do it this weekend or we'll see you whenever. And whenever was going to be a very contentious whenever."

* On Cuban's criticism of Stern vetoing Paul's trade to the Lakers: "In the middle of this criticism of me throwing him under the bus, he managed to pick up Lamar Odom. Not bad."

* On what would've happened if the league had not taken over the Hornets: "We thought the team was gone. That would've been it. We wanted to give the team a chance in New Orleans, and we thought they could succeed there."
Posted on: December 6, 2010 7:42 pm
 

Hornets officially on life support in New Orleans

If any entrepreneurs out there are in the market for a failing business that is going to shut down operations in a few months for a work stoppage, David Stern would like you to come forward with your best offer.

And if you'd like to keep the business in New Orleans, where things were so bad the previous owners ran out of money and credit operating it, all the better.

Oh, did we mention? Bidding starts at $300 million.

The future of the NBA in New Orleans, one of America's finest and star-crossed sports destinations, took a definite turn toward life support Monday when Stern announced that the league is stepping in to save the Hornets from themselves. The question now is: Who, if anyone, will come forward with the deep pockets and patience to keep the team in Louisiana?

The best way to answer that question is to ask yourself: If you had $300 million, is that how you would spend it?

Despite Stern's insistence Monday that the league stepping in to buy 100 percent of the Hornets from owners George Shinn and Gary Chouest was "the best opportunity for the franchise to remain in New Orleans for the long term," it's hard to see how the NBA gets from here to there.

"This was the most stabilizing force for the team in New Orleans that we could come up with," Stern said Monday.

In other words, this was the best of all available options -- especially if you consider that this was the only option.

Despite a compelling team with marketable superstar in Chris Paul who has orchestrated the best start in franchise history, the Hornets remain among the worst teams in the NBA in attendance. In fact, they are seriously in danger of triggering a clause that would allow the team to break its lease with the state if they fail to average 14,214 fans per game until Jan. 31. Even if that happens, a prospective buyer who wants to move the team presumably would still be faced with a relocation fee. That means the owner of the team -- the 29 other NBA teams -- would theoretically get less money in a sale to someone who wants to move it to Kansas City than from someone who wants to keep it in New Orleans.

But that's short-term math. And the long-term interests of the NBA are now more involved in the sale of the Hornets than ever before. Regardless of what changes are made to the league's revenue-sharing scheme in conjunction with a new collective bargaining agreement, it clearly is in nobody's interests to operate a team in a market where it is doomed to lose money forever.

That means there are three choices: 1) find someone (or a group of investors) in New Orleans who have so much money that they don't care about losing millions annually on a basketball team; 2) find international investors who, a la Mikhail Prokhorov, are willing to pay a premium for a piece of the American basketball business; or 3) find someone capable of moving the team somewhere else.

Option 2 would be fine, except remember: Prokhorov's purchase of the Nets was contingent on the move to Brooklyn being finalized. The Russian billionaire wanted no part of owning a team in East Rutherford or Newark. Though Stern said the protracted talks between Shinn and Chouest meant the Hornets were never thoroughly shopped to other potential owners in New Orleans, it tests the limits of credulity that another suitable New Orleans buyer is out there somewhere.

This point is proved by Stern's own statement Monday that it was "possible, if not likely" that the Hornets would've been sold to an owner who would've relocated them if not for the NBA stepping in. The test of the league's staying power in New Orleans begins in about a week, when the Board of Governors is expected to approve the NBA's bailout by an overwhelming margin.

"We're not in any hurry," Stern said.

Despite reports to the contrary, Stern said Chouest never raised the specter of a lockout among the reasons he decided not to go forward with purchasing Shinn's remaining 65 percent of the team. At this point, it hardly matters. The Hornets are the NBA's problem now, and Stern said it's likely that a sale won't be completed until a new CBA and revenue-sharing model are implemented.

In the meantime, everyone involved has good intentions and it's commendable to give this franchise the liquidity it needs to operate in New Orleans at least for the rest of this season. If a long-term solution can be achieved that keeps the team in Louisiana, that would be ideal. Then again, it would've been ideal to keep the SuperSonics in Seattle, too.

For a lesson in how money trumps idealism, look no farther than the Sonics' move from Seattle to Oklahoma City. According to NBA turnstile data, the Sonics brought in $457,863 in gate receipts per game in their last season in Seattle. In 2008-09, the Thunder's first year in Oklahoma City, that figure ballooned to $1,122,109. Since then, with support from the Oklahoma City business community and the inventive front-office maneuverings of GM Sam Presti, the Thunder have established themselves as a model organization -- thriving both on and off the court in a small market.

Here's hoping that two years from now, the same can be said for the Hornets. But it's difficult to see how the NBA gets from here to there in New Orleans.
 
 
 
 
The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com