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Lore, Rodriguez Move Closer To Finalizing Purchase Of Wolves

March 20th, 2024 at 5:09pm CST by Arthur Hill

Marc Lore and Alex Rodriguez have submitted the financial documentation necessary to complete the purchase of a majority stake in the Timberwolves, sources tell Shams Charania of The Athletic.

The move comes after a report this morning that sale proceedings were disrupted when the Carlyle Group chose to withdraw. Lore and Rodriguez were able to replace the firm with Dyal Capital Partners, according to Charania’s sources.

Lore and Rodriguez have a March 27 deadline to make the final payment for a 40% share of equity that will enable them to replace Glen Taylor as lead owners of the franchise as well as the WNBA’s Minnesota Lynx. Taylor will retain a minority share in both teams, while the group led by Lore and Rodriguez controls 80% of the franchises.

The NBA still must give its approval to the new ownership structure, and Charania says it’s uncertain how long that might take.

Since 2021, Lore and Rodriguez have been involved in the purchase of the Wolves for $1.5 billion on a multi-phase payment plan. They have made two payments so far — giving them a 20% stake each time, for a total of 40%.

They exercised their option in December for the final 40% of the purchase, Charania adds. That began a 90-day window to submit the required documents and commitment letters to finalize the deal.

The Carlyle Group had planned to commit $300MM before pulling out of the sale, per Charania’s sources. The private equity firm couldn’t adhere to some NBA requirements for investors, so there was a mutual agreement for Carlyle to withdraw.

Lore and Rodriguez were quickly able to reach out to Dyal to take the firm’s place, notes Charania, who adds that the company’s ownership group includes Google CEO Eric Schmidt.

Charania points out that Lore and Rodriguez have already made an impact on the Wolves during their time as minority owners and played a significant role in recruiting Tim Connelly away from Denver to serve as Minnesota’s president of basketball operations.

Pistons Rule Out Thompson, Stewart For Remainder Of Season

March 20th, 2024 at 3:40pm CST by Dana Gauruder

The Pistons will go without their starting forwards the remainder of the season, according to a team press release.

Lottery pick Ausar Thompson is being treated for a blood clot. He has been cleared to resume conditioning and will begin non-contact basketball activities at the conclusion of the regular season with a gradual ramp-up over the summer months. He’s expected to be fully healthy for the start of next season.

Isaiah Stewart suffered a right hamstring strain during the third quarter of Monday’s contest at Boston. He won’t recover in time for the season finale, per the team.

Thompson hasn’t played since March 9. The team had listed him as out due to an unspecified illness in recent contests. The No. 5 pick of last year’s draft was in and out of Monty Williams’ rotation but had received steady playing time since the trade deadline.

Noted for his defensive prowess and athleticism, Thompson averaged 8.8 points, 6.4 rebounds, 1.9 assists and a team-high 1.1 steals in 25.1 minutes per contest. He appeared in 63 games, including 38 starts. Thompson’s main issue was his perimeter shooting — he made just 18.6% of his 3-point attempts.

Stewart’s season was marred by a three-game league suspension for striking Phoenix’s Drew Eubanks during a pregame altercation prior to the All-Star break. He also missed a chunk of games due to toe and ankle ailments.

Stewart, who received a four-year extension last offseason, started all but one of the 46 games he played this season. He averaged 10.9 points, 6.6 rebounds and 1.6 assists in 30.9 minutes per night. He also displayed a much-improved 3-point shot (38.3%).

Isaiah Thomas Signs 10-Day Deal With Suns

March 20th, 2024 at 12:10pm CST by Arthur Hill

MARCH 20: The signing is official, Gerald Bourguet of PHNX Sports tweets.

MARCH 16: The Suns will add former All-Star guard Isaiah Thomas on a 10-day contract, sources tell Shams Charania of The Athletic (Twitter link).

The 35-year-old guard recently joined the Salt Lake City Stars in the G League in hopes of landing another NBA opportunity. He showed he still has his scoring touch, averaging 32.5 points in four games while shooting 45% from three-point range.

Thomas will provide another veteran scorer with playoff experience for a Phoenix team that’s locked in a tight race to avoid the play-in tournament. The Suns entered tonight percentage points behind Sacramento for the sixth spot and one game ahead of eighth-place Dallas.

The 11-year veteran has been out of the NBA since the 2021/22 season, when he made brief appearances with the Lakers and Mavericks before ending the year with the Hornets.

Thomas was an All-Star with Boston in 2015/16 and ’16/17 before suffering a right hip injury that derailed his career. He bounced around the league after that, and most of his recent stops have been on 10-day contracts.

Phoenix plays in Milwaukee at noon Central time on Sunday and has a three-day break before its next game, so it’s unclear whether or not Thomas will sign his new deal right away. If his contract begins when the team returns home on Wednesday, he would be eligible for six games over the following 10 days. A second 10-day deal would take him close to the end of the season, but the Suns would have to give him a standard contract to make him eligible for the playoffs.

Phoenix has a roster opening, so a corresponding move won’t be necessary to make room for Thomas, who will earn $183,704 over the course of his 10 days with the team. The Suns will take on a cap hit of $116,075.

Pistons Sign Chimezie Metu To 10-Day Contract

March 20th, 2024 at 9:44am CST by Dana Gauruder

The Pistons have signed big man Chimezie Metu to a 10-day contract, according to a team press release.

Metu, who will turn 27 on Friday, appeared in 37 games (five starts) for the Suns this season and averaged 5.0 points, 3.0 rebounds and 0.5 assists in 12.1 minutes per contest. He signed with Phoenix last offseason on a one-year, minimum-salary deal after spending the previous three seasons with the Kings.

Phoenix dealt him to the Grizzlies just before the trade deadline and Memphis quickly waived him.

The Pistons have an open roster spot, so they didn’t need to make a corresponding move to create room for Metu, who has appeared in 246 career games (31 starts) for San Antonio, Sacramento and Phoenix. The No. 49 overall pick in the 2018 draft, the sixth-year forward/center holds career averages of 5.6 points and 3.3 rebounds in 12.8 minutes per game.

Metu will earn a salary of $134,863 over the course of his 10 days with the Pistons, who will take on a cap hit of $116,075.

Groups Announced For 2024 Paris Olympics

March 19th, 2024 at 3:51pm CST by Rory Maher

A group draw was held on Tuesday for the 2024 Olympics in Paris, per Maggie Hendricks of Olympics.com. Eight teams have already secured spots in the 12-team tournament, while four others will need to advance via Olympic qualifying tournaments in early July. The Olympics will open in late July.

Each team’s world ranking is in parentheses (courtesy of FIBA.basketball).

Group A

Australia (5)
Canada (7)
Winner of OQT in Spain
- Note: Spain (2), Poland (15), Finland (20), Lebanon (28), Angola (34), or Bahamas (57).
Winner of OQT in Greece
- Note: Slovenia (11), Greece (14), Dominican Republic (19), New Zealand (21), Croatia (30), or Egypt (40).

Group B

Germany (3)
France (9)
Japan (26)
Winner of OQT in Latvia
- Note: Latvia (6), Brazil (12), Montenegro (17), Georgia (23), Philippines (37), or Cameroon (68).

Group C

United States (1)
Serbia (4)
South Sudan (33)
Winner of OQT in Puerto Rico
- Note: Lithuania (10), Italy (13), Puerto Rico (16), Mexico (25), Ivory Coast (31), or Bahrain (67).

Each team plays three games during the group stage (once vs. every group opponent), and the top-two finishers from each group — plus the two best third-place finishers — will qualify to the quarterfinals, tweets Donatas Urbonas of BasketNews.com.

As Tim Reynolds of The Associated Press writes, Team USA will be seeking its fifth consecutive Olympic gold medal in men’s basketball, though the Americans failed to medal at the 2019 and 2023 World Cups. Several marquee names have already committed to playing, but the roster has yet to be finalized or officially announced.

Serbia (Bogdan Bogdanovic, Nikola Jovic, more) won the silver medal at last summer’s World Cup without Nikola Jokic and could have the MVP frontrunner on its roster at the Olympics. Germany (Dennis Schröder, Franz Wagner, more) went undefeated in winning the 2023 World Cup and will face host country France (Victor Wembanyama, Rudy Gobert, more), which won silver at the 2021 Tokyo Olympics, in Group B.

Group A should be extremely competitive. Australia (Patty Mills, Josh Giddey, more) claimed the bronze medal in Tokyo and Canada (Shai Gilgeous-Alexander, RJ Barrett, more) won bronze at the last World Cup. The two qualifying tournaments in that group will be interesting to monitor as well, with a handful of star players potentially suiting up for several different countries, most notably Luka Doncic (Slovenia) and Giannis Antetokounmpo (Greece).

Donovan Mitchell Out At Least One Week With Nasal Fracture

March 19th, 2024 at 12:26pm CST by Rory Maher

Cavaliers star Donovan Mitchell underwent a “medical procedure” on Tuesday morning to realign a nasal fracture he sustained on Saturday vs. Houston, the team announced in a press release (via Twitter). He’ll be sidelined for at least one more week, which is when he’ll be reevaluated.

The nasal fracture occurred when teammate Tristan Thompson inadvertently elbowed Mitchell in the face. Thompson was in his first game back following a 25-game suspension for violating the NBA’s anti-drug program, specifically testing positive for two drugs classified as “steroids and performance enhancing drugs.”

Mitchell is dealing with multiple injuries at the moment.

He told Chris Fedor of Cleveland.com and other media members on Saturday that he expects to miss more time due to a nagging knee injury. The five-time All-Star was sidelined for seven consecutive games with the left knee bone bruise, which required a PRP injection to promote healing, before returning for a pair of games last week.

However, Mitchell clearly wasn’t himself physically, and he admitted as much following Saturday’s game.

Mitchell, who was out for Monday’s victory over Indiana, will miss at least four more games over the next week, with the earliest he could return being next Wednesday in Charlotte.

Cleveland has gone 10-9 in 19 games without Mitchell thus far in 2023/24. The Cavs are currently 43-25, the No. 3 seed in the East.

Christian Wood To Undergo Arthroscopic Surgery On Left Knee

March 18th, 2024 at 9:59pm CST by Dana Gauruder

Lakers big man Christian Wood will undergo an arthroscopic procedure on his left knee and is expected to be sidelined for several weeks, ESPN’s Adrian Wojnarowski and Dave McMenamin tweet.

Back on Feb. 21, a report suggested that the Lakers felt Wood’s knee soreness was relatively minor and that he’d be back in action in a couple of weeks. However, the injury obviously hasn’t healed to expectations.

Wood appeared in 50 of the team’s first 56 games, averaging 6.9 points and 5.1 rebounds in 17.4 minutes per night in his first season with the Lakers. He hasn’t played since Feb. 14.

Wood surprisingly remained on the free agent market until early September last year, when the Lakers signed him to a two-year, veteran’s minimum contract. He holds a $3MM option on his contract for next season.

Wood and the Mavericks failed to reach an extension agreement last season and he didn’t generate the type of interest normally conveyed to players who averaged 16.6 points and 7.3 rebounds per contest during their walk year.

The Lakers currently hold the final play-in spot in the Western Conference. Wood probably won’t be available until later in the postseason, if the Lakers advance.

Wizards Rookie Coulibaly Has Wrist Fracture, Out For Season

March 18th, 2024 at 5:52pm CST by Dana Gauruder

Wizards rookie wing Bilal Coulibaly will miss the remainder of the season after being diagnosed with a right wrist fracture, the team’s PR department tweets.

The injury was suffered when Coulibaly fell during the Wizards’ game against Chicago on Saturday.

Coulibaly was initially diagnosed with a contusion, Josh Robbins of The Athletic tweets. A team spokesman informed Robbins that further testing revealed the fracture on Monday afternoon and that Coulibaly will not require surgery.

Washington has the league’s worst record at 11-57. Coulibaly has been one of the few bright spots for the team in an otherwise forgettable season.

The seventh overall pick in last year’s draft has averaged 8.4 points, 4.1 rebounds and 1.7 assists in 27.2 minutes per game. He has appeared in 63 contests, including 15 starts, and scored in double figures in each of his last five outings.

The Wizards already had six other players ruled out heading into Tuesday’s contest with the Rockets, including Deni Avdija (knee), Tyus Jones (back) and Marvin Bagley III (back).

Marcus Morris Joins Cavaliers On 10-Day Contract

March 18th, 2024 at 11:42am CST by Arthur Hill

MARCH 18: Morris’ signing is official, according to NBA.com’s transactions log.

MARCH 16: The Cavaliers will sign veteran forward Marcus Morris to a 10-day contract, tweets Shams Charania of The Athletic. Morris is expected to be available when Cleveland travels to Indiana on Monday, Charania adds.

Morris, 34, has been a free agent since being waived by San Antonio on February 29. He didn’t appear in any games with the Spurs after being acquired in a trade at the deadline, and he hasn’t been on the court since February 5.

The Cavs will be the fourth team this season for Morris, who started off with the Clippers before being shipped to his hometown Sixers as part of the James Harden trade in early November. Morris mostly played a reserve role for Philadelphia, appearing in 37 games and averaging 6.7 points and 2.9 rebounds in 17.2 minutes per night.

In Cleveland, Morris will provide frontcourt depth for a team playing without Evan Mobley, who is sidelined with a sprained left ankle. Morris will also add a heavy dose of veteran leadership and playoff experience to the locker room.

After Monday’s game, Cleveland will play five more times in the 10-day span. Morris will be eligible for a second 10-day deal, but he’ll have to be signed to a standard contract to be on the roster for the postseason.

The Cavaliers have been carrying a roster opening since Sharife Cooper‘s 10-day contract expired last week, so they won’t need another move before making Morris’ contract official.

Patrick Beverley first stated on Friday (via Twitter) that his former teammate was planning to sign with the Cavaliers.

Cavs’ Mitchell To Miss More Time Due To Knee Injury

March 17th, 2024 at 8:07am CST by Luke Adams

Cavaliers star Donovan Mitchell, who returned to action on Wednesday after missing seven games due to a left knee bone bruise, is expected to be sidelined again due to his nagging knee issue, according to Chris Fedor of Cleveland.com (subscription required).

Michell didn’t look like himself in his first two games back, scoring just 27 total points on 9-of-29 shooting (31.0%). He lacked explosiveness on Saturday vs. Houston in a game he exited multiple times due to injury, Fedor notes. The All-Star guard admitted during a post-game media session that the knee is still a problem.

“I’m probably not playing next game, to be honest with you,” Mitchell told reporters, including Fedor. “Just gotta take some time to rest and get it right. I thought I was ready. I’m not. It sucks. I want to be out there. But it’s clear as day. Even to myself. I can’t fool myself. Just get it right and be ready when that time comes.”

Mitchell told Fedor that he’s not sure how much time he’ll have to miss, but said no operation should be necessary and expressed optimism that he’ll be back to 100% before the end of the regular season.

“The one thing we don’t have time for is rest but that’s what you need is rest. Sit my ass down and take the proper approach because at the end of the day it’s April that we are getting ready for,” he said. “Tried to hide it as much as I can. But it’s pretty blatant and obvious. It sucks. I’m pissed off. But I trust these guys. Gonna go out there and do their thing. I will get right. And then be ready to go.

“… I’m a very eager person. I want to be out there. I have no doubt I will be fine. Everybody else believes the same thing. It’s not a concern from that standpoint. It’s more me fighting my own battle.”

The Cavaliers are currently dealing with a series of injuries to their starters. Evan Mobley (left ankle sprain) has been on the shelf for six consecutive games, while Max Strus (left knee strain) has been out for the past seven. Dean Wade, who had taken over Mobley’s spot in the starting lineup, rejoined the team on Friday after missing three games for personal reasons, but was ruled out for Saturday’s contest due to right knee soreness.

Head coach J.B. Bickerstaff said on Saturday that it will require a group effort to keep the team on track during another Mitchell absence. The Cavs currently have a 42-25 record and are one game back of the Bucks for the No. 2 seed in the East, with a two-game cushion on the No. 4 Knicks.

“It’s everybody. Everybody has to tick up,” Bickerstaff. “That’s what we’ve done in the past. Everybody has stepped their own game up and played to their strengths. We have proven that we can do it because we have always done it together. That is the focus of every single night, every conversation we have, it’s about the whole.”

For what it’s worth, Mitchell is already ineligible for end-of-season awards, including All-NBA honors, since he has missed more than 17 games this season.