And-Ones: Olympics, Bubble Talk, Private Equity, Vaccinations

In his 16th and last year as Team USA managing director, Jerry Colangelo talked extensively about the upcoming Tokyo Olympics with Chris Sheridan of Basketball News.

Colangelo indicated that he is in daily communication with the NBA and FIBA, discussing the Olympics as COVID-19 continues to spread across the globe. The games were originally scheduled to take place during the summer of 2020 before being pushed back a year.

“We have no choice but to proceed on the basis that the Olympics will be played, and so that’s basically what we are doing,” Colangelo told Sheridan. “We are preparing in every way possible until we hear otherwise, officially. I would guess, from what I’ve been told, it’s a go — unless they cancel because some other thing has developed regarding the pandemic, [like a] new strain, depending on how things go in Japan and Tokyo, in particular.”

There’s more from around the basketball world:

  • Chris Mannix of Sports Illustrated observes that there appears to be growing support around the NBA, among at least some players and coaches, for a potential return to something along the lines of the contained “bubble” campus environment that was such a success last summer for the conclusion of the 2019/20 NBA season. “F— this,” a veteran assistant coach texted Mannix. “I’m ready to go back [to the bubble].”
  • After the NBA’s Board of Governors greenlit a plan to allow private equity firms to own portions of NBA teams, the league is striving to lure private equity money, according to Jabari Young of CNBC. Young details the process through which the league can sell stakes in teams to private equity firms.
  • Dr. Leroy Sims, the NBA’s senior vice president of medical affairs, recently spoke with Marc J. Spears of The Undefeated about pending COVID-19 vaccinations for players. “We understand that the vaccine is rolling out in such a way that you’re trying to get to the people who are most at risk or most vulnerable first, that includes front-line workers like myself working in the ER [emergency room], because we’re around so many people who could have the virus,” according to Dr. Sims. “After that, we’ll open it up. The vaccine will start to be distributed to others in the community. We recognize that our basketball players are young and healthy, so they will get vaccinated or have the opportunity to get vaccinated when it’s their turn. So we won’t be jumping the line there.”
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