There’s been a lot of talk about how David Stern over-stepped by nixing the Chris Paul trade. My take? I the commish over-stepped – by a pretty substantial margin. But I also think this is a unique situation, and one unlikely to be replicated.
- The league has been managing the Hornets for the last year, after taking ownership from George Shinn in December 2010.
- Their stated goal at the time was to relieve Shinn of the burden of day-to-day operations (and associated operating losses) while seeking a new owner… ideally one that would keep the team in New Orleans.
- The expiration of the CBA and the lockout may have delayed the search for a new owner… though one could argue that the Sixers and Pistons were sold during the same period without any trouble. (One could also argue that Stern opted to keep control of the Hornets to enhance the league’s bargaining position during the labor negotiations.)
So this wasn’t a situation where Stern was an impartial third party. The league owns the Hornets, which put Stern in a unique position to block the deal.
via About Basketball: Chris Paul, David Stern and the Trade that Wasn’t.
Earlier today, I was pretty convinced that Chris Paul would be heading to the Warriors for a package involving Stephen Curry, Klay Thompson and Ekpe Udoh. But as of about 4pm, that rumor had cooled considerably. Says ESPN’s Marc Stein:
CP3 Update: Source close to process tells ESPN that NOR talks w/GSW "definitely cooling" because of GSW refusal to put Steph Curry in deal
So what’s going on here, exactly? A couple of educated guesses…
The Warriors are afraid of giving up a player as good/young/inexpensive as Curry without some assurance that Paul is willing to sign in Oakland long-term. They can’t expect him to sign an extension now – as several outlets have reported, under the new CBA, Paul stands to make significantly more money by getting traded now, opting out after the season, and then re-signing. But they could be looking for a wink-and-nod agreement with Paul’s reps… and that agreement might not be forthcoming.
That hesitation strikes me as very reasonable. After all, Curry plays like a future all-star and is signed through 2013-14 for about $12 million total. It doesn’t make a ton of sense to give up a player like that without a fair amount of confidence that Paul will stick around. Maybe you make that deal if you’re a veteran team that needs one more piece to make a run at a title – the Spurs or the Celtics or the Mavs. The Warriors aren’t winning a title in 2012 with or without Paul, so a rental gamble makes a lot less sense.
But why is Paul hesitant to commit? It’s possible he’s just keeping his options open.
It’s also possible that he really does want to engineer a way to join the Knicks.
And if you’re having flashbacks to 2010 and the Carmelo Anthony saga, you’re far from alone. Don’t forget, CP3 and ‘Melo are represented by the same agency.
The NBA will reportedly take ownership of the New Orleans Hornets some time this week in an attempt to facilitate a sale of the franchise.
Owner George Shinn had hoped to sell the team to one of his minority partners, billionaire shipbuilder Gary Chouest. But Chouest has backed away from the deal, reportedly out of concerns over the amount of time it would take to run the team as sole owner and the potential lockout that could hit after this season, and Shinn is unwilling to continue spending the money it takes to run the franchise on a day-to-day basis.
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Like vultures circling high above the Serengetti, general managers from all over the NBA are trying to pry superstar guard Chris Paul from the financially-struggling New Orleans Hornets.
It’s not hard to see why teams would inquire.
- The Hornets are one of several NBA teams that reportedly lost money last season. They have over $70 million committed in salaries for next season — including the awful contracts of Peja Stojakovic (over $15 million), Emeka Okafor ($11.5 million), Morris Peterson ($6.6 million) and James Posey ($6.4 million).
- The team is in the process of being sold to minority owner Gary Chouest; we don’t know if Chouest will be willing to pay the luxury tax as he tries to rebuild the club.
- Darren Collison showed tons of potential when Paul was hurt last season, and could give New Orleans a much lower-priced alternative at the point.
One of the potential deals that hit the news this week was an offer from the Orlando Magic, which would send Vince Carter (whose contract expires after this season) and Jameer Nelson to New Orleans in exchange for Paul and Posey. That deal would significantly cut the Hornets’ payroll long-term; Nelson is signed through 2012/13, but makes significantly less money than Paul.
Adrian Wojnarowski of Yahoo! Sports has suggested that acquiring Paul could be part of several teams’ strategies for signing LeBron James; though of the teams with enough cap space to make a run at James, very few have the assets to complete a Paul trade. One possibility is the Nets, who could package the third overall pick in Thursday’s draft with a player or two; every player on the Net roster save for center Brook Lopez is said to be available.
Hornets Considering Chris Paul Trade Offers? originally appeared on About.com Basketball on Wednesday, June 23rd, 2010 at 09:58:11.
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Celtic assistant coach Tom Thibodeau will take over the vacant head coaching position in Chicago, and there are reports suggesting LeBron James will join him there.
Generally credited as the architect of the Celtics’ championship-caliber defense, Thibodeau reportedly turned down an offer to coach the New Orleans Hornets because Chicago was the job he really wanted. Thibodeau and James are both represented by agent Leon Rose, giving rise to speculation that they’re a package deal.
Of course, there are several other coaches who can claim connections to James and who may play a role in determining where he lands this summer. Danny Ferry’s departure from Cleveland has jump-started the John Calipari rumor mill once again; Ferry was reportedly against hiring Coach Cal. James is also reportedly a fan of Mike D’Antoni, dating back to when the Knick coach ran the offense for Team USA in Beijing.
Will Thibodeau Lure LeBron to Chicago? originally appeared on About.com Basketball on Monday, June 7th, 2010 at 10:34:35.
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