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Financial Effects Of Pandemic Likely To Impact NBA Offseason

July 27th, 2020 at 3:55pm CST by Luke Adams

A number of team owners around the NBA are feeling the financial effects of the coronavirus pandemic, as Brian Windhorst of ESPN.com writes. Rockets owner Tilman Fertitta, for instance, has seen business fall off precipitously at his restaurants, hotels, and casinos, while Heat owner Micky Arison has had to temporarily shut down his Carnival Cruise Lines.

While some team owners have been hit harder than others by the effects of COVID-19, there’s an expectation that the pandemic will have a league-wide impact on spending this offseason, as Windhorst writes. Some teams may have to make difficult financial decisions that could result in unexpected player movement.

“With few exceptions, no one wants to make long-term commitments right now,” one general manager told ESPN. “You can already feel it coming.”

In addition to the teams that may feel pressure to dump pricey contracts or avoid expensive free agent commitments, some clubs may face financial constraints in the draft. Although selling second-round draft picks remains fairly common, no NBA team has sold a first-round pick since the Nuggets did so with the No. 27 selection in the 2013 draft, according to Windhorst. Some people around the league believe that teams will consider the possibility again in 2020.

“I suspect first-round picks will be for sale in this draft,” a team executive said. “We haven’t really seen that in a decade.”

Here are a few more noteworthy details and quotes from Windhorst’s examination of NBA teams’ finances:

Warriors owner Joe Lacob has told his fellow owners that he’s exploring a deal with Goldman Sachs to raise up to $250MM to manage expenses, per Windhorst. Sources tell ESPN that other team owners are considering ways to raise capital as well, with some – including the Rockets – pursuing legal action against companies that have denied coronavirus-related insurance claims.
Rockets owner Tilman Fertitta recently took out a $300MM loan and is more leveraged than many other owners, since he purchased the franchise fairly recently, but he continues to insist he’s not looking to sell any shares in the team. Brokers who have approached him representing potential bidders have been told the same, reports Windhorst.
Nets owner Joseph Tsai recently sold about 25% of his shares in tech company Alibaba, according to Windhorst. Other owners might not have similar opportunities to raise capital. “I don’t know what will happen, but I may lose $50MM next season,” one owner told Windhorst. “If that happens, I have three options: I could borrow the money, I could sell part of the team or I could do a cash call and me and my partners would have to write checks.”
NBA rules allow team owners to borrow $325MM against the equity in their franchises. A majority of NBA teams – including the Warriors – have maxed out that credit, sources tell Windhorst.
Although the Buss family’s pockets aren’t as deep as some of their fellow owners, the Lakers bring in about $200MM annually from their local TV deal and aren’t expected to have any issues re-signing Anthony Davis, writes Windhorst.

Pacific Notes: Kuzma, Barnes, Waiters, Okobo

July 26th, 2020 at 4:51pm CST by JD Shaw

The NBA’s four-month hiatus may have helped Kyle Kuzma rediscover his jumpshot at a much-needed time, Bill Oram of The Athletic writes. Kuzma poured in 25 points off the bench in the Lakers’ scrimmage win against Orlando on Saturday, shooting 10-of-13 from the field and 5-of-7 from deep.

Since arriving in Orlando, much of the talk surrounding the Lakers has been about Kuzma’s impressive play, Oram notes. This includes both scrimmages and team practices.

“What he did today,” coach Frank Vogel said, “he did all through our ‘restart training camp’ so to speak. I’m just really excited about what the restart is going to look like for him.”

Kuzma’s role has been cut back with several veterans joining the team over the past year. He’s averaging a career-low 12.5 points in 24.6 minutes per game, with his shooting marks also declining (43% from the field and 30% from behind-the-arc on the campaign).

The Lakers will rely on Kuzma’s production off the bench despite his reduced role, needing all hands on deck to successfully compete against deep Western Conference teams such as the Clippers, Rockets and Nuggets in the postseason.

Here are some other notes out of the Pacific Division today:

Kings forward Harrison Barnes never experienced any symptoms while dealing with COVID-19, head coach Luke Walton said, according to Jason Jones of The Athletic (Twitter link). Barnes could play in the team’s scrimmage against the Clippers on Monday, Walton added. He’s averaging 14.7 points, 4.8 rebounds and 34.9 minutes this season for Sacramento.
Veteran guard Dion Waiters has mostly had a soft landing with the Lakers in Orlando, Kyle Goon of the Orange County Register writes. Waiters scored 12 points off the bench in the team’s scrimmage on Saturday, shooting 5-of-9 from the field. “Here, it’s like it’s different, man,” Waiters said. “It’s a vibe. Everybody’s just positive. We got our own slang and things like that going on. … It makes you feel good though. You’re excited.”
Suns guard Elie Okobo has arrived in Orlando but wasn’t available for the team’s scrimmage against Boston on Sunday, Gina Mizell of The Athletic tweets. Phoenix is slated to play one more scrimmage on Tuesday before re-opening its regular season against Washington on Friday. It’s unclear whether Okobo, who likely must go through quarantine, will be available for those contests.

Anthony Davis Day To Day; Waiters Discusses Being With LeBron Again

July 25th, 2020 at 4:32pm CST by Arthur Hill

Anthony Davis is considered day-to-day after being poked in the right eye during today’s scrimmage, Lakers coach Frank Vogel tells Dave McMenamin of ESPN (Twitter link). L.A. has one more scrimmage Monday before starting its seeding games Thursday against the Clippers.
Lakers guard Dion Waiters discussed the difference between playing alongside LeBron James now compared to when they were teammates in Cleveland six years ago, McMenamin tweets. “When you’re young, you’re still trying to find yourself coming into the league,” Waiters said. “I think Bron was trying to help me with that, but I was so stubborn back then. But I understand now. I’m 28. I’ve been through a lot. I’m at peace with myself, though.”

Bam Adebayo, Kendrick Nunn, Markieff Morris Clear Quarantine

July 23rd, 2020 at 2:35pm CST by Luke Adams

Three more players have cleared quarantine at the NBA campus and are free to join their respective teams for practices. Heat big man Bam Adebayo, Heat guard Kendrick Nunn, and Lakers forward Markieff Morris have all returned the necessary two negative coronavirus tests after arriving at Walt Disney World on Tuesday, according to reports.

Tim Reynolds of The Associated Press, who confirmed (via Twitter) that Adebayo and Nunn are out of quarantine, tweets that the plan is for the two Miami starters to conduct individual workouts today. The Heat will resume practicing on Friday before participating in their second inter-squad scrimmage on Saturday, against the Jazz.

It remains to be seen whether Adebayo and Nunn will be ready to go in time for either one of the Heat’s upcoming scrimmages, but with both players set to return to practice, they should be ready to go when the club plays the first of its eight seeding games on August 1 vs. Denver.

As for Morris, Tania Ganguli of The Los Angeles Times reported (via Twitter) that he has cleared quarantine. The veteran forward, of course, won’t be available for the Lakers during tonight’s inter-squad scrimmage against Dallas, but figures to return to L.A.’s rotation soon.

Caruso Skips Sister's Wedding To Remain On NBA Campus

July 22nd, 2020 at 12:21pm CST by Luke Adams

Lakers guard Alex Caruso made the difficult decision to skip his sister’s wedding on July 18, since he may have been subject to a quarantine period of 10 days upon returning to Orlando. Zach Lowe of ESPN has the story, along with quotes from Caruso.

Markieff Morris Close To Joining Lakers In Orlando

July 21st, 2020 at 9:32am CST by Luke Adams

According to Kyle Goon of The Orange County Register (Twitter link), Clippers forward Marcus Morris is at the team’s Tuesday morning practice today, having reported to the campus and cleared his quarantine period. His twin brother Markieff Morris will be joining the Lakers soon, Marcus tells Marc J. Spears of The Undefeated (Twitter link). Dave McMenamin of ESPN tweets that Markieff is expected to arrive at the campus today and will begin his initial quarantine.

J.R. Smith Talks Changes In LeBron James

July 18th, 2020 at 12:15pm CST by marksuleymanov

As the Lakers prepare to contend for a title at the NBA campus in Orlando, J.R. Smith will try to help L.A. after joining the team in early July. Although Smith has not played in over a year, he brings championship experience and an ability to score.

Specifically, Smith’s title pedigree comes from his time as a teammate with LeBron James in Cleveland when the organization captured its first title in 2016. Smith played a crucial role in guiding the Cavaliers to a championship behind James and now, reunited with a different team, the former Sixth Man of the Year sees a change in his former and current teammate.

“Before, he’s always been so focused on his drive and winning and stuff like that, but I feel like that pressure is off his shoulders, and he can just be him,” Smith said, per Spectrum’s Mike Trudell (Twitter link). “He don’t have to try to orchestrate the offense or the defense or what somebody did wrong, he can let the coaches do their job, and I think that’s a true testament to him growing.”

Smith, 34, joins the Lakers in a much different role than the last time he was teammates with James, but with the same goal — winning a championship. The Lakers will need to rely on steady play from their bench and the usual strong performance from James. Smith views an older, more experienced LeBron as more than capable of delegating to others on the team.

“I’ve watched interviews when people try to say he’s not coachable because he knows so much about the game, but he’s probably the most coachable person out there just because he gives you his side or his opinion and he might be right,” Smith said. “More than anything I just think he’s so much more patient in his delivery and how he goes about the process of the game.”

Howard Masking Up After Violation

July 17th, 2020 at 8:44pm CST by Dana Gauruder

Lakers center Dwight Howard has been disciplined for not wearing a mask at Orlando’s campus, ESPN’s Dave McMenamin writes. Howard said on social media that the violation was reported to the NBA Campus Hotline, designed to ensure everyone is following protocols. “(My) reaction is that we all should be wearing masks in and around the hotel lobby,” Lakers coach Frank Vogel said of Howard’s violation. “And the areas that we’re being asked to wear a mask, we should wear a mask. And he’s doing so now.”

Smith, Waiters Bonding With Lakers In Disney Campus

July 17th, 2020 at 5:11pm CST by Alex Kirschenbaum

Newly-minted Lakers wings J.R. Smith and Dion Waiters have been using their Orlando campus tenure to bond with their L.A. teammates, per Kyle Goon of the Orange County Register. Head coach Frank Vogel commended the team’s new backcourt additions with helping to stoke everyone’s competitive fire. “They both bring toughness and swag — those guys are killers,” Vogel said. “They go after it with great competitive spirit and they have the talent to back it up and be highly productive on the court.”

Rajon Rondo Undergoes Right Thumb Surgery

July 16th, 2020 at 2:46pm CST by Luke Adams

Lakers point guard Rajon Rondo underwent successful surgery on his fractured right thumb on Wednesday, the team said today (Twitter link). The club reiterated the same timeline that was announced earlier this week, indicating that Rondo will resume full basketball activities in approximately six-to-eight weeks.

As we noted when the injury was first reported, the Lakers will have to lean more heavily on some of their other backcourt options now that Rondo is on the shelf and Avery Bradley has voluntarily opted out of the restart. Kentavious Caldwell-Pope, Danny Green, and Alex Caruso are all candidates to receive a bump in minutes, while recently-signed guards Dion Waiters and J.R. Smith will move up the depth chart and could see some action.

Rondo, 34, was playing a career-low 20.8 minutes per game this season after averaging 31.7 MPG during the first 13 years of his NBA career. Still, that made him a regular part of L.A.’s rotation off the bench. He has recorded 7.1 PPG, 5.0 APG, and 3.0 RPG in 48 games (three starts) in 2019/20.

Rondo left the NBA’s Walt Disney World campus to undergo Wednesday’s procedure and figures to remain away from Orlando as he goes through his rehab process. However, the club expects to get him back at some point in the postseason. A six-to-eight week absence would give the veteran a chance to return for some or all of the Lakers’ second-round series, which projects to start on or around August 31.