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Arbitration Hearing To Decide Timberwolves’ Ownership Dispute Begins

November 4th, 2024 at 6:38pm CST by Dana Gauruder

The arbitration hearing to decide the Timberwolves’ ownership dispute began on Monday and is expected to last most of the week. The decision by the three-person arbitration panel is expected to be announced next month, according to ESPN’s Brian Windhorst.

The dispute between minority owners Marc Lore and Alex Rodriguez and principal owner Glen Taylor moved to arbitration in July. A one-day mediation in the spring failed to make any progress, Windhorst writes.

The dispute has been ongoing since the tail end of last season. Taylor nixed the previous tiered payment agreement with Lore and Rodriguez, citing a breach of contract and a failure to meet a payment deadline. Lore and Rodriguez disputed that characterization, stating that they had the funds necessary to become majority owners but were awaiting NBA approval and should have been entitled to an extension.

The third payment in dispute would increase Lore and Rodriguez’ share from 36% to about 80% and the purchase agreement stipulates that they could buy out Taylor’s remaining 20% stake anytime before March 2025.

Windhorst and The Athletic’s Jon Krawczynski provided more details of the process:

If the arbitration panel rules in Taylor’s favor, the process essentially ends. Lore and Rodriguez could remain as limited partners or try to sell their shares. Taylor would have to approve the sale of their shares, according to Krawczynski. However, if Lore and Rodriguez get a favorable ruling. Taylor would be contractually compelled to sell them the controlling share for the previously agreed upon $1.5 billion valuation. The franchise’s value is substantially higher now, which is a major factor in Taylor’s decision to try to halt the sale. Lore and Rodriguez would still need 23 of 30 votes from the league’s owners to finalize the acquisition, since all team percentage transfers are subject to a vote, Windhorst notes.
Those transfer rules could present a sticky situation, due to Taylor’s long-standing relationships with the other owners and commissioner Adam Silver. There have been plenty of back-scene developments due to that possibility, according to Windhorst. Lore and Rodriguez have worked to meet with owners and the league office in recent months to demonstrate their position and attempt to shore up support in the event of a vote. It’s likely that Silver and BOG chairman Larry Tanenbaum will try to build a consensus in lieu of an owners’ vote.
Lore and Rodriguez have been firming up their finances by recruiting billionaires Michael Bloomberg, the former mayor of New York, and Eric Schmidt, the former CEO of Google, as well as private equity firm Dyal Homecourt Partners. They have amassed $950MM in an escrow account for not just the 40% needed to take majority control, but enough to give them 100% ownership of the team.
The team is facing a luxury tax bill of $100MM and total operating losses of more than $150MM this season, according to Krawczynski. That’s one reason why the Timberwolves moved Karl-Anthony Towns in a blockbuster trade with the Knicks.
Team president Tim Connelly could have opted out of his contract this year but agreed to defer the opt-out until the 2025 offseason. If he doesn’t like the direction the way things are going, he could choose to opt out this time around, regardless of who’s running the franchise at that time.

Warriors Notes: Wiggins, Podziemski, Kuminga, Moody, Curry

November 4th, 2024 at 5:18pm CST by Dana Gauruder

The Warriors are banking on Andrew Wiggins playing at an All-Star level, as ESPN’s Kendra Andrews details. Golden State knows it needs Wiggins’ proven production with the departure of Klay Thompson.

Wiggins missed a chunk of last season due to personal reasons.

“I want to do right by them,” Wiggins said. “It feels so good when they have that confidence in you, when they have that high praise. You want to show up for them.”

Wiggins heads into Monday’s game against the Wizards — he’s listed as probable with a low back strain — with averages of 18.5 points, 5.8 rebounds and 2.3 assists per game. He still has two years left, including a player option, on his four-year, $109MM contract after this season.

“I think he’s in a place where he knows the last couple years have been tough for a lot of reasons and I think he’s primed to get back to where he was a couple years ago,” coach Steve Kerr said. “He’s at the age where he’s right in his physical prime, and we’ve seen him do it. He helped us win a championship. I’m expecting a big year from Wiggs.”

We have more on the Warriors:

With Stephen Curry sidelined by an ankle sprain the last three games, Brandin Podziemski has gotten a greater opportunity to show his play-making skills, Anthony Slater of The Athletic notes. He has averaged 14.7 points and six assists during that span.
Jonathan Kuminga has been a sparkplug since Kerr moved him to the bench the past three games, Slater adds. He scored 23 points in 26 minutes against Houston in Saturday’s overtime win. He’s averaging 18.7 points on 51.4% shooting as a reserve. “I don’t want him to love coming off the bench,” Draymond Green said. “He believes he’s a superstar. I believe he’s a superstar. As long as you believe that, you shouldn’t be OK coming off the bench. How you respond is important.” Kuminga will be a restricted free agent next summer after failing to reach a rookie scale extension agreement prior to last month’s deadline.
The incentives in Moses Moody‘s extension begins at $462,093 in 2025/26 and increase by the maximum allowable 8% a year, according to The Athletic’s John Hollinger. The incentives pay out if Moody plays at least 1,600 minutes, attempts at least nine 3-pointers per 100 possessions, and achieves at least 60% true shooting. Since the extension begins next season, the only impact of Moody hitting all three of those marks this season would be whether the incentives are considered “likely” or “unlikely” for his 2025/26 cap number. If it is deemed “likely,” his cap hit goes from $11,574,075 to $12,037,038. Moody signed his three-year, $37.5MM extension on Oct. 21.
Curry returned to the lineup on Monday. Kerr announced prior to the game that his star guard was available, Ohm Youngmisuk of ESPN tweets.

Veteran Guard D.J. Augustin Retires

November 4th, 2024 at 3:58pm CST by Rory Maher

Longtime NBA guard D.J. Augustin has decided to retire as a player, he announced Sunday on Instagram.

“Today, I’m officially announcing my retirement from the game I’ve loved for so long,” Augustin wrote in part. “Basketball has been more than a sport, it has been a journey filled with unforgettable memories, friendships, lessons and experiences beyond the court. … I’m grateful for every high and every low, every team, every city, and every fan who’s supported me and my family along the way.”

Augustin, 36, played two seasons of college ball at Texas prior to being selected No. 9 overall in the 2008 draft. He started his professional career with Charlotte (then called the Bobcats), the team that drafted him, earning a spot on the All-Rookie Second Team in 2008/09.

After spending his first four seasons in Charlotte, the 5’11” point guard became a journeyman, suiting up for the Pacers, Raptors, Bulls, Pistons, Thunder and Nuggets from 2012-16. He then had a productive four-season run with the Magic before bouncing around the league again, making stops with the Bucks, Rockets and Lakers.

Augustin’s career wrapped up in ’22/23, when he signed a rest-of-season deal with Houston, though he didn’t appear in any games during his second stint as a Rocket.

Overall, Augustin appeared in 976 regular season games (334 starts) over the course of his 15 NBA seasons, averaging 9.5 points, 1.8 rebounds and 3.5 assists in 23.4 minutes per contest. He posted a shooting slash line of .412/.381/.867.

Suns’ Booker, Cavs’ Mitchell Named Players Of The Week

November 4th, 2024 at 2:38pm CST by Rory Maher

Suns guard Devin Booker and Cavaliers guard Donovan Mitchell have been named the NBA’s Players of the Week, the league announced (via Twitter).

Booker, who turned 28 years old last Wednesday, helped guide Phoenix to a perfect 3-0 record last week, with victories over the Lakers, Clippers and Trail Blazers. He put up stellar individual stats, averaging 33.7 PPG, 5.7 RPG, 6.3 APG and 1.3 SPG on .484/.370/.906 shooting (37.7 MPG).

The Suns are currently 5-1, tied with the Warriors for the second-best record in the Western Conference.

Mitchell, who won for the Eastern Conference, averaged 25.3 PPG, 2.8 RPG and 4.3 APG on .506/.419/1.000 shooting in four victories over the Knicks, Lakers, Magic and Bucks last week. He hit a last-second game-winner vs. Milwaukee on Saturday.

The Cavaliers are currently 7-0, which is the best record in either conference (the Thunder are also undefeated at 6-0).

According to the NBA (Twitter link), the other nominees in the West were DeMar DeRozan, Shai Gilgeous-Alexander, Kyrie Irving and Nikola Jokic, while Jalen Brunson, Karl-Anthony Towns, Jayson Tatum and Nikola Vucevic were nominated in the East. Tatum and Anthony Davis won the awards for the season’s first week.

Knicks To Sign Matt Ryan

November 4th, 2024 at 12:43pm CST by Rory Maher

The Knicks and free agent forward Matt Ryan have agreed to a contract, reports Michael Scotto of HoopsHype (Twitter link).

ESPN’s Shams Charania (Twitter link) and Ian Begley of SNY.tv have confirmed the news (via Twitter).

According to Begley, while Ryan will definitely be signing with the Knicks, the terms of the contract have yet to be finalized. The 27-year-old could fill New York’s open two-way spot once Ariel Hukporti is officially promoted to a standard deal, or he could be signed to a standard non-guaranteed contract.

New York is currently carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5.

Charania reported just before the season began that Ryan was on the Knicks’ radar, and their G League affiliate in Westchester made him the No. 1 overall pick of the 2024 NBAGL draft a few days later.

A native of White Plains, New York, Ryan spent almost the entire 2023/24 season on a two-way deal with the Pelicans before being converted to a standard multiyear deal on the final day of the regular season. Over the offseason, he waived by New Orleans, re-signed on a new non-guaranteed deal, and then waived again, making him an unrestricted free agent.

Ryan is mostly known for his outside shooting ability, having converted 41.1% of his three-point tries in 63 career games with the Celtics, Lakers, Timberwolves and Pelicans (11.2 MPG). 2024/25 will be his fourth NBA season.

Southeast Notes: Da Silva, Daniels, Mann, Sarr

November 4th, 2024 at 11:48am CST by Luke Adams

Although the Magic are devastated by the oblique injury that will sideline rising star Paolo Banchero for the foreseeable future, the team has managed to find one silver lining, according to Jason Beede of The Orlando Sentinel, who writes that first-round pick Tristan Da Silva is has gotten the opportunity to play a role with Banchero on the shelf. After four straight DNP-CDs, the rookie had 17 points and five rebounds in 20 minutes of action during Friday’s loss to Cleveland.

“I just think that was a bright spot there, for him to be able to come in and step in and do the things he was able to do,” head coach Jamahl Mosley said after that game.

Mosley was impressed enough with Da Silva’s performance to insert him into Orlando’s starting lineup on Sunday in Dallas. The former Colorado standout wasn’t quite as effective, with just seven points and five rebounds in 31 minutes, though he was only a minus-four in a game the Magic lost by 23 points.

Da Silva earned praise from teammate Franz Wagner, who said it’s been “a lot of fun” playing alongside his rookie teammate and that he’s doing a “great job” so far (Twitter link via Beede).

“I thought he played awesome in Cleveland,” Wagner said. “He’s just keeping the game really simple, making easy plays, and he just understands the game really well. And knows how to play. (He) takes the shot when he’s open, makes a quick decision when he gets it.”

Here’s more from around the Southeast:

Facing their former team in New Orleans on Sunday, Hawks guard Dyson Daniels and big man Larry Nance Jr. both stared down the Pelicans‘ bench after making big shots, notes Lauren Williams of The Atlanta Journal-Constitution. While one of Daniels’ gestures toward the bench after a corner three resembled a finger gun (Twitter video link), he told reporters after the game that wasn’t his intent, writes Brett Martel of The Associated Press. “It might have looked like it, but I was just telling them it was worth three points,” Daniels said. “You know, pointing at them all, that’s all it was. I was making sure they all knew how many points it was worth.” As Martel observes, the NBA has fined players in the past for mimicking guns on the court.
While he saw his playing time dwindle during his two-and-a-half seasons in Oklahoma City, point guard Tre Mann said his time playing alongside Thunder ball-handlers like Shai Gilgeous-Alexander and Josh Giddey helped him learn how to play off the ball more effectively, which has benefited him since his trade to the Hornets. “That helped me develop my all-around game, like making plays other than scoring, being ready to shoot on catch-and-shoots, and hunting those opportunities,” Mann told Grant Afseth of Sportskeeda.com. “Now, playing with guys like LaMelo (Ball) and Brandon (Miller), I can still have an impact even without the ball.” Mann is off to a strong start this fall, having averaged 19.2 points per game on .467/.444/1.000 shooting in six appearances off the bench.
No. 2 overall pick Alex Sarr got off to a bumpy start this season, averaging 8.0 PPG on 29.7% shooting through his first four games, but Saturday’s showing vs. Miami (17 points on 7-of-11 shooting, six rebounds, four blocks, three assists) provided a glimpse of what the Wizards hope he can become, writes Varun Shankar of The Washington Post. “I think it’s just me getting more comfortable as the games go on, realizing where I can attack, how I can be impactful and just transform my game,” Sarr said.

Gregg Popovich Away From Spurs Due To Health Issue

November 4th, 2024 at 10:23am CST by Luke Adams

Veteran head coach Gregg Popovich will remain away from the Spurs after suffering a health issue prior to Saturday’s game vs Minnesota, reports Shams Charania of ESPN. Assistant coach Mitch Johnson will continue to serve as the acting head coach during Popovich’s absence.

The Spurs confirmed the news, issuing a statement to say that Popovich isn’t traveling with the team on its current road trip to Los Angeles and Houston (Twitter link via Michael Scotto of HoopsHype).

San Antonio will face the Clippers on Monday and the Rockets on Wednesday before returning home to host the Trail Blazers on Thursday. It’s not yet known whether Popovich will be able to return to the sidelines at that time or Johnson will continue to coach the team beyond Wednesday.

A league source tells Tom Orsborn of The San Antonio Express-News (Twitter link) that Popovich is “OK” but “just needs rest.”

Popovich is the NBA’s all-time leader in head coaching wins, with a 1,391-824 regular season record (.628). He’s also the league’s oldest active head coach by a significant margin — he’ll turn 76 in January.

Johnson led the Spurs to a victory over the Timberwolves on Saturday as the team’s acting head coach and said after the game that he would stay prepared in the event Popovich wasn’t able to return right away, per Orsborn.

“Mitch did a great job, man,” Spurs point guard Chris Paul said following Saturday’s win, according to Charania. “I think our whole coaching staff (did). Things happen within this league all the time and just like with the players, it’s next man (up). So, shoutout to Mitch; he did a great job tonight.”

Injury Notes: R. Williams, Curry, J. Brown, LaVine, Gobert

November 4th, 2024 at 9:44am CST by Luke Adams

Trail Blazers big man Robert Williams has been listed as questionable to play in Monday’s game vs. New Orleans, tweets ESPN’s Bobby Marks. It’s a signal that Williams, who has been on the shelf for nearly a full year, is on the verge of returning to action.

Acquired by Portland in the team’s Jrue Holiday trade with Boston last fall, Williams appeared in just six games during his first season as a Blazer before going down with season-ending knee surgery. He has been sidelined this fall by a hamstring strain and has yet to make his season debut.

Williams’ return will give Portland another option in a crowded frontcourt. Deandre Ayton (31.6 minutes per game) has seen most of the action at center so far this season, with rookie lottery pick Donovan Clingan (12.9 MPG) playing a modest role as his backup and Duop Reath (3.5 MPG) not part of the regular rotation.

Here are a few more injury-related notes from around the NBA:

Warriors guard Stephen Curry has been out for the past three games due to a left peroneal strain but is nearing a return. He has been upgraded to questionable for Monday’s game vs. Washington, tweets Michael Scotto of HoopsHype. If Curry doesn’t play tonight, his next opportunity would come on Wednesday in a showdown with the defending champions in Boston.
Celtics swingman Jaylen Brown, who was born in raised in Marietta, GA, won’t be able to suit up for Monday’s contest in Atlanta, according to Souichi Terada of MassLive.com, who writes that Brown will miss a second straight game due to his left hip flexor. Brown indicated over the weekend that he would undergo another MRI on the injury after getting one a couple weeks ago.
Zach LaVine has yet to miss a game this season and has played at least 33 minutes in each of his six outings, but the Bulls guard isn’t fully healthy. After suffering a sprained AC joint last week, LaVine is listed as questionable for Monday’s game vs. Utah due to a right adductor strain, tweets K.C. Johnson of the Chicago Sports Network.
Timberwolves center Rudy Gobert is considered questionable to play in Monday’s matchup with Charlotte due to a left ankle sprain, according to the team (Twitter link).

Knicks To Promote Ariel Hukporti To Standard Roster

November 4th, 2024 at 8:40am CST by Luke Adams

The Knicks and Ariel Hukporti have reached an agreement on a new standard contract that will promote the rookie center from his two-way deal to the 15-man roster, reports Shams Charania of ESPN (Twitter link).

According to Charania, Hukporti will sign a two-year contract that includes a team option for the 2025/26 season. While Charania doesn’t specify the financial terms, it figures to be a minimum-salary deal.

The 58th overall pick in this year’s draft, Hukporti logged 12 minutes in last Monday’s loss to Cleveland but has otherwise only seen garbage-time action in the early going this season. The 22-year-old has grabbed seven rebounds and blocked four shots in 29 total minutes across four appearances.

Under normal circumstances, the Knicks likely would’ve kept Hukporti on his two-way contract for most or all of his rookie season, but his promotion had been expected for a few weeks due to the team’s hard cap situation.

New York is carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5. However, the team doesn’t have enough flexibility below its hard cap to simply sign two veteran free agents to minimum-salary contracts, meaning at least one of those two roster additions has to be a rookie who was on a two-way deal with the Knicks or whose draft rights the Knicks held. Hukporti had been viewed as the leading candidate since training camp.

If his promotion becomes official on Monday, Hukporti’s first-year cap hit will be $1,070,699, leaving the team approximately $2.5MM below the hard cap, with one more roster addition to come. If the two sides don’t finalize the rookie’s new deal until Tuesday, his 2024/25 cap hit would be $1,064,049.

While the Knicks will have to add one more player to their standard roster by Tuesday, Hukporti’s promotion opens the door for the club to make two additional signings, since it creates a two-way opening. Matt Ryan is considered a strong candidate to join the NBA squad in some capacity, perhaps filling that open two-way slot.

Landry Shamet was expected during the preseason to be part of the Knicks’ regular season roster, but his dislocated shoulder has complicated that plan — it’s possible the team will sign a healthy player to a non-guaranteed contract as its 14th man for now and pivot to Shamet later in the season if and when he has recovered. The veteran wing is currently rehabbing with the Westchester Knicks, New York’s G League affiliate.

Whether the Knicks exercise or decline Hukporti’s 2025/26 option at the end of this season, they’ll be able to make him a restricted free agent when his current contract expires, putting them in position to lock him up to a longer-term contract at that time if his development is trending in the right direction.

Bucks Rumors: Antetokounmpo, Early Struggles, Beauchamp

November 4th, 2024 at 8:01am CST by Luke Adams

The Bucks are off to a 1-5 start this season after falling to the Cavaliers at home on Saturday for their fifth straight loss, but the “league-wide lusting” for Giannis Antetokounmpo had begun even before Milwaukee stumbled out of the gate, Marc Stein writes in his latest Substack story.

As Stein explains, outside interest in Antetokounmpo – and optimism that he could eventually become available – stems from two key factors. The first is the Bucks’ salary cap and roster situation, since the club is operating over the second tax apron with an aging core and limited trade assets.

The second factor, Stein says, is an interview that Antetokounmpo gave to Tania Gaguli of The New York Times in August 2023. In that conversation, which took place before the Bucks acquired Damian Lillard, the star forward expressed a desire to remain in Milwaukee for the rest of his career only if he continues to believe the team is capable of winning another title.

While there has been no indication that Giannis has lost faith in the current iteration of the Bucks, the team isn’t in a great spot, coming off two straight first-round exits and having posted a sub-.500 regular season record (18-24) so far under head coach Doc Rivers. Things won’t get any easier on Monday night with another game against the Cavaliers on tap, this time in Cleveland, though Antetokounmpo was encouraged by what he saw as forward progress in Saturday’s one-point loss.

“I think we are headed towards the right direction,” he said, per Jim Owczarski of The Milwaukee Journal Sentinel. “Now, that doesn’t mean we’re going to go to a five-game winning streak or 10-game winning streak, but I know that we are playing better and we trust another.”

Here’s more on the struggling Bucks:

In the event that Antetokounmpo becomes available via trade, a “credible” list of potential suitors would likely start with the Warriors, Heat, Nets, and Knicks, Stein states in his Substack story. While New York looks like a somewhat improbable suitor based on its current roster and draft assets, Stein says he’s heard “more than one rival team” wonder if having a star like Karl-Anthony Towns available to put in a future offer for Giannis was one of the reasons why the Knicks were willing to pull the trigger on that preseason deal with Minnesota. I’m a little skeptical that Towns is the sort of the player the Bucks would target if they ever seriously consider trading Antetokounmpo.
The Bucks and MarJon Beauchamp‘s representatives at Klutch Sports are working together to try to find a new home for the third-year forward, league sources tell Stein. Beauchamp, the No. 24 pick in the 2022 draft, has yet to emerge as a rotation player and recently had his fourth-year option for 2025/26 option declined, putting him on track to become an unrestricted free agent in July 2025. As long as they continue to operate above the second apron, the Bucks wouldn’t be able to aggregate the 24-year-old’s salary ($2,733,720) with another player’s salary for matching purposes in a bigger deal.
Beauchamp spoke to Owczarski of The Journal Sentinel on Saturday about his reaction to the Bucks declining his option. “I needed that to kind of put a fire under me,” he said. “So, I know who I am though and I know what (kind of) basketball player I am so I’m not really phased on that. I know that my work will always show and as long as I believe in myself, I’m not really worried about that. Maybe it was a blessing in disguise, you know? I’m still worried about right now and controlling what I can control.”