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indiedan
A-List Writer

Posts: 8398
From:Santa Monica
Registered: May 2000

posted July 15, 2010 12:08 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message
Peter Guber, Joe Lacob Buy NBA's Golden State Warriors
By Jeff Sneider

Mandalay Entertainment chairman Peter Guber has purchased the NBA's Golden State Warriors from Chris Cohan with Joe Lacob, managing partner at the private equity firm Kleiner Perkins, sources close to the deal have confirmed to TheWrap.

Reports put the winning bid at $450 million, which tops the previous NBA record of $401 million that Robert Sarver paid for the Phoenix Suns in 2004.

The deal is pending approval from the league.

Guber, the former chairman of Sony Pictures Entertainment, reportedly beat out rival bidder Larry Ellison, the CEO of Oracle, who was long considered the front-runner to take over the team, as well as Mark Mastrov, the founder of 24-Hour Fitness.

Lacob, who is already a minority owner of the Boston Celtics, will act as the team's primary owner, while Guber will assume a secondary role. Lacob will likely have to sell his minority interest in the Celtics.

Guber is no stranger to the sports world, as Mandalay Entertainment owns and operates minor league teams, including two affiliates of the New York Yankees.

The Warriors finished 26-56 last season and has had the second worst record in the league (behind the Los Angeles Clippers) in the 15 years since Cohan bought the team in 1995.

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a
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Posts: 526
From:a
Registered: Aug 2001

posted July 16, 2010 03:16 PM     Click Here to See the Profile for a   Click Here to Email a     Edit/Delete Message
Penny Hardaway thinks he has something left in the tank, and thinks that whatever it is in his tank can help the loaded Miami Heat win a championship.

Hardaway has reached out to the Heat, asking for an audition to join up with LeBron James, Chris Bosh and Dwyane Wade, according to Shannon J. Owens of the Orlando Sentinel. Hardaway last played in 2007-08 with the Heat, starting eight games for the depleted, doomed squad before being cut at midseason. Hardaway wasn't particularly successful, scoring infrequently and inefficiently, and turning the ball over a bunch.

Hardaway turns 39 on Sunday. It's hard to imagine he'll be any more helpful now than he was three years ago.

Miami isn't anywhere near desperate enough for end-of-the-bench talent to turn to retired players like Hardaway. While the Heat must resort to minimum-salary contracts to fill out the roster, plenty of useful players, including recently signed Zydrunas Ilgauskas, are available and likely willing to help out. Under Pat Riley, the Heat have also used the NBA Development League regularly, picking up cheap talent to sop up minutes here and there. Miami would be expected to fill roles via the D-League rather than pick up name players far, far past their prime.

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fred
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Posts: 8076
From:Redmond, WA
Registered: Apr 2000

posted February 21, 2011 09:06 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message

Knicks finally land Anthony
Marc J. Spears

By Marc J. Spears, Yahoo! Sports 1 hour, 3 minutes ago
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The Denver Nuggets have finally completed their long-awaited trade to send Carmelo Anthony(notes) to the New York Knicks.

The Knicks are sending Danilo Gallinari(notes), Raymond Felton(notes), Wilson Chandler(notes), the Knicks’ 2014 first-round pick, two second-round picks New York acquired from the Golden State Warriors in the David Lee sign-and-trade and $3 million. The Knicks will also trade Anthony Randolph(notes) and Eddy Curry’s(notes) expiring contract to the Minnesota Timberwolves, who will send Corey Brewer(notes) to the Nuggets. The Knicks will receive Anthony, Chauncey Billups(notes), Shelden Williams(notes) and Renaldo Balkman(notes) and Anthony Carter.
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Carmelo Anthony is headed to the Knicks in a blockbuster trade with the Nuggets that also includes the Timberwolves.
(Jim Prisching/AP Photo)

The Nuggets requested on Saturday that the Knicks also include center Timofey Mozgov(notes) in their trade package and New York complied.

Anthony is expected to sign a three-year, $65 million extension with the Knicks. If all the players involved in the trade report on time and pass physicals, Anthony’s first game with the Knicks is expected to be Wednesday against the Milwaukee Bucks at Madison Square Garden.

“I’m extremely happy for ‘Melo,” said Anthony’s agent, Leon Rose. “We are very appreciative to the Denver Nuggets organization for their efforts in assisting ‘Melo to get to New York. ‘Melo is excited and looking forward to playing for the Knicks.”

The New Jersey Nets had interest in trying to acquire Felton and maybe Mozgov from the Nuggets for draft picks, but Denver general manager Masai Ujiri said the team will keep all the players it acquired in the deal.

“We are excited about the young guys we’re getting,” Ujiri said. “But we are losing a great player in Carmelo and a fantastic player in Chauncey Billups, a professional and the leader of our team.”

Ujiri has reason to want to keep Mozgov: He’s close with the young center’s agent, Bouna Ndiaye.

Another Ndiaye client, Portland’s Nicolas Batum, had been one of Ujiri’s primary targets in previous trade proposals, but the Blazers have been reluctant to part with the young forward.

“We got a few young, good players and we’re excited,” Ujiri said. “All four players are key pieces. All of them. We are going to enjoy all four of them.

“They all play hard. They are all very skilled. I think they will fit well in George’s. We traded for all of them to be Denver Nuggets.”

Nuggets president Josh Kroenke and Ujiri had initially preferred the Nets’ offer for Anthony, which was built around rookie forward Derrick Derrick Favors(notes) and four first-round draft picks, but Anthony was unwilling to commit to signing a contract extension with the Nets.

Nuggets coach George Karl had pushed team officials to make the deal with the Knicks over a straight trade with the Nets because it would better position the Nuggets to contend for the playoffs this season, a source with knowledge of Denver’s plans said.

The Denver Post first reported the trade’s completion.

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