- After starting the NBA season by allowing 800 fans inside their home arena, the Smoothie King Center, the Pelicans bumped that total up to 1,440 on January 29. They will be increasing their fan capacity again starting next week, to 1,900 fans, starting February 17 against the Trail Blazers, according to Christian Clark of NOLA.com.
Having started his 21st game of the season on Wednesday night, Pelicans guard Lonzo Ball has now met the “starter criteria,” which will have a significant impact on the value of his qualifying offer this offseason.
The starter criteria applies to players who will be eligible for restricted free agency at season’s end. Typically, a player is required to average 41 starts during the two seasons prior to his free agency to meet the criteria, but that threshold has been adjusted and varies from player to player this year, since each of the last two NBA seasons have been shortened.
In Ball’s case, the Pelicans played 64 games prior to the hiatus last season and will play 72 this season, for a total of 136. He needed to start half of them (34 per year, or 68 in total) to meet the starter criteria. After starting 47 of those pre-hiatus contests a year ago, he now has 21 starts this season.
In order to make a player a restricted free agent, a team must extend him a qualifying offer, which is essentially a guaranteed one-year contract offer that gives the team the right of first refusal on a rival offer sheet. Meeting the starter criteria makes a player eligible for a larger qualifying offer than he would have been if he’d fallen short of that criteria.
That difference is especially important for Ball, whose qualifying offer would only have been worth about $7MM if he hadn’t reached the starter criteria. Now, his QO – assuming he receives one – will be worth $14.36MM.
Ball has been the subject of some recent trade rumors, so there’s no guarantee that he’ll still be a Pelican when he reaches free agency later this year. However, he has played some of his best basketball as of late, averaging 17.3 PPG, 5.8 RPG, and 4.8 APG on .476/.484/.909 shooting in his last eight games. If he continues to produce at that level, his team at season’s end – whether it’s New Orleans or another franchise – likely won’t bat an eye at issuing that $14MM+ QO.
Ball is the third RFA-to-be to meet the starter criteria this season, joining Devonte’ Graham and Duncan Robinson.
While it may be tempting to continue revamping their roster around cornerstone players Zion Williamson and Brandon Ingram, the Pelicans have now won six of eight games and no longer look like a team on the verge of a fire sale, writes Scott Kushner of NOLA.com.
“I said to guys when all that was going on that it’s natural,” Pelicans head coach Stan Van Gundy said. “You’re losing games so people are going to say, ‘Oh shoot, they’re going to blow it up.’ And the rumors are going to start. If we were winning then, like we have in the last seven, then the rumors go away. Because people will think you are happy with your team.”
Multiple reports in late January indicated that the Pelicans were exploring the possibility of moving Lonzo Ball, J.J. Redick, and/or Eric Bledsoe. Those rumors have died down as of late, though that doesn’t mean those players are off the trade block, as Kushner notes. This season’s trade deadline is still six weeks away, so there’s plenty of time for New Orleans to consider whether dealing one or more of those veteran guards makes sense.
- The Pelicans have transferred two-way player Naji Marshall to the Erie BayHawks, the team announced today (via Twitter). Marshall will join fellow two-way player Will Magnay on New Orleans’ G League squad.
It has been an up-and-down 12 months for the NBA, which had to pause its operations for several months when its players first began testing positive for the coronavirus last March. Although the league was eventually able to play the 2020 postseason and is in the midst of its (slightly-abridged) 2020/21 regular season, fans still haven’t been able to return to arenas in many NBA cities, putting a major dent in projected revenues for the coming year.
Despite the financial challenges faced by many of the NBA’s teams, the overall value of those franchises continues to increase, according to a report from Kurt Badenhausen and Mike Ozanian of Forbes. While it’s the most modest year-over-year rise since 2010, Forbes estimates that average team values are up by about 4% from 2020.
The Knicks have become the first franchise to earn a $5 billion valuation from Forbes, with a league-high 9% increase in their value since last February. The Warriors, meanwhile, also saw their value rise by 9%, according to Forbes, surpassing the Lakers for the No. 2 spot on the annual report. The league-wide average of $2.2 billion per team in 2021 is a new record for Forbes’ valuations.
Forbes’ valuations are slightly more conservative than the ones issued by sports-business outlet Sportico last month — Sportico’s report featured an average team value of nearly $2.4 billion, with the Knicks, Warriors, and Lakers all surpassing the $5 billion threshold.
Here’s the full list of NBA franchise valuations, per Forbes:
- New York Knicks: $5 billion
- Golden State Warriors: $4.7 billion
- Los Angeles Lakers: $4.6 billion
- Chicago Bulls: $3.3 billion
- Boston Celtics: $3.2 billion
- Los Angeles Clippers: $2.75 billion
- Brooklyn Nets: $2.65 billion
- Houston Rockets: $2.5 billion
- Dallas Mavericks: $2.45 billion
- Toronto Raptors: $2.15 billion
- Philadelphia 76ers: $2.075 billion
- Miami Heat: $2 billion
- Portland Trail Blazers: $1.9 billion
- San Antonio Spurs: $1.85 billion
- Sacramento Kings: $1.825 billion
- Washington Wizards: $1.8 billion
- Phoenix Suns: $1.7 billion
- Utah Jazz: $1.66 billion
- Denver Nuggets: $1.65 billion
- Milwaukee Bucks: $1.625 billion
- Oklahoma City Thunder: $1.575 billion
- Cleveland Cavaliers: $1.56 billion
- Indiana Pacers: $1.55 billion
- Atlanta Hawks: $1.52 billion
- Charlotte Hornets: $1.5 billion
- Orlando Magic: $1.46 billion
- Detroit Pistons: $1.45 billion
- Minnesota Timberwolves: $1.4 billion
- New Orleans Pelicans: $1.35 billion
- Memphis Grizzlies: $1.3 billion
While most franchise values increased, that wasn’t the case across the board. The Thunder, Hawks, Hornets, Pistons, Pelicans, and Grizzlies all maintained the same value that they had in 2020. No teams decreased in value, however.
The Jazz had the biggest rise in the bottom half of this list, moving from 21st in 2020’s rankings to 18th this year. That’s because the team was actually sold to a new majority owner in recent months, with Ryan Smith assuming control of the franchise at its new $1.66 billion valuation.
As that Jazz example shows, the actual amount a team is sold for often exceeds Forbes’ valuation, so these figures should just be viewed as estimates.
- With multiple reports indicating that the Bulls could be a landing spot for Pelicans guard Lonzo Ball, Bryan Kalbrosky of HoopsHype explains why a trade sending him to Chicago would make sense for both Ball and the Bulls.
- The Pelicans have emphasized the meaning of “trust” in recent games, Christian Clark of Nola.com writes. New Orleans is on a three-game winning streak, and Stan Van Gundy, Zion Williamson, and others pointed to that as one reason why. “It’s just coming together and telling each other we trust each other to make the right play,” Williamson said. “Ultimately, I think it’s just trust with us.”
The offensive output of Pelicans point guard Lonzo Ball on a given night this season often dictates the team’s overall performance, according to Scott Kushner of the Times-Picayune. The Pelicans are 5-1 when Ball scores at least 16 points in a game. When he scores fewer than 16 points, New Orleans sports a 2-9 record.
“It’s absolutely huge,” Pelicans head coach Stan Van Gundy said of Ball’s contribution to the club. “I mean he’s got the ball in his hands, controlling the action. When he’s taking care of the ball, making good decisions, and, obviously, knocking down shots, our offense is going to be a lot better.”
Rookie Pelicans point guard Kira Lewis Jr. has carved out further playing time with New Orleans, per Scott Kushner of the Times-Picayune. “He’s just so young,” head coach Stan Van Gundy said of the 19-year-old rookie, the No. 13 draft pick out of Alabama in 2020. “But he does so many good things. Trying to figure out how we throw him into that rotation is something we are definitely thinking about.”
Van Gundy expounded on his interest in exploring more time on the court for Lewis as the Pelicans’ 2020/21 season progresses: “Does that mean every single night? Does it mean 20 minutes a game? Does it mean 12 minutes a game? I can’t give you a definitive on that yet. But I do think I want him to play.”
Thunder rookie big man Aleksej Pokusevski has averaged 17.4 minutes per game in 17 appearances but he’s headed to Orlando to join the G League’s Oklahoma City Blue, according to Joe Mussatto of The Oklahoman. The 17th overall pick, who played 20 minutes in a blowout loss to Houston on Monday, is shooting just 24.7% from the field and the team wants him to develop his offensive game.
Guard Ty Jerome and two-way players Moses Brown and Josh Hall are also going to Orlando. “A lot of time and effort has gone into deciding who to send and when to send them,” Thunder head coach Mark Daigneault said. “We felt like sending the four of them together, all for different reasons developmentally, was the best decision.”
We have more G League transactions from Western Conference clubs:
- The Clippers assigned rookie big man Daniel Oturu to the Agua Caliente Clippers, according the RealGM transactions log. Oturu has appeared in 10 NBA games this season but has only averaged 4.2 MPG. He’s only gotten on the court once since January 22 and the organization wants Oturu to get some extended playing time during the bubble season in Orlando.
- The Pelicans have transferred two-way player Will Magnay to the Erie BayHawks, the Pelicans’ PR department tweets. The 22-year-old rookie power forward out of Tulsa, who played in Australia last season, has not appeared in a game this season.
- The Jazz duo of rookie center Udoka Azubuike and Trent Forrest are joining the Salt Lake City Stars, the G League team tweets. Azubuike, the team’s first-round pick out of Kansas, has made 12 limited appearances this season. Forrest, an undrafted guard out of Florida State, has played in two NBA games.
The Rockets are seeking a first-round pick or three second-rounders for P.J. Tucker, ESPN’s Brian Windhorst said on his latest Hoop Collective podcast. Houston was unable to reach an extension agreement with Tucker prior to the season and he has been the subject of trade rumors. He’s making a reasonable $8MM this season and will be an unrestricted free agent this summer.
The Rockets’ desire to accumulate multiple second-rounders for Tucker has previously been reported but Windhorst indicates they’d want a first-rounder as an alternative. Houston already has a stockpile of first-rounders from the James Harden blockbuster.
Windhorst also divulged a number of other tidbits during his podcast:
- Speaking of the Rockets, forward Danuel House has attracted some trade interest around the league. House is signed through next season but he has a team-friendly contract — $3.72MM this season and $3.89MM next season.
- Iman Shumpert’s new contract with the Nets is non-guaranteed. Brooklyn filled a roster spot by signing the veteran guard over the weekend.
- There are rumors circulating about a potential Warriors–Pelicans trade involving Kelly Oubre and Lonzo Ball. The Bulls, who continue to look for a long-term solution at point guard, might also be interested in Ball, who will have a qualifying offer in excess of $14MM this offseason.
- Heat star wing Jimmy Butler lost more than 10 pounds during his recent bout with COVID-19, something that Ethan J. Skolnick also noted last week on the Five on the Floor podcast (hat tip to Radio.com).
- The Raptors could be in the market for a player who could jolt their offense. If Toronto doesn’t turn things around, the team might consider offers for Kyle Lowry, who could become an “interesting” rental for a contender. Lowry is headed to unrestricted free agency but his $30.5MM contract would complicate the process of moving him.