Joe Lacob Rumors | Hoops Rumors

Pacific Notes: Lacob, Thompson, Davis, Kings

January 10th, 2022 at 9:05pm CST by Dana Gauruder

Warriors owner Joe Lacob believes his team is poised to win more championships, as he told Chris Haynes of Yahoo Sports.

“Our goal is to be great throughout this decade,” he said. “We had a great last decade and our goal is to set ourselves up for another great decade.”

With the return of Klay Thompson on Sunday, Lacob is eager to see how deep the team can get in this year’s playoffs.

“We’ve got all the pieces back together and we’ve had a good offseason and we drafted some young guys that haven’t gotten a chance to play yet that we really like. So I feel like this is our first year of getting back after the five-year title run,” he said. “We’ll see where it goes. I’m not assuming anything at this point, but we certainly have a lot of talent, a really good team and I think it will jell even more so as we go along this year.”

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Thompson had 17 points in his comeback game, including a first-half dunk. He drew energy from the crowd after missing 177 consecutive games, ESPN’s Ohm Youngmisuk writes. “I will never forget the reception that Warriors fans gave us, especially myself,” Thompson said. “Gosh it was fun and it was worth every single day of being away and in that squat rack or on that shuttle board and all the conditioning days. It was worth every single moment. I am not going to say equivalent to winning a championship But man, it was pretty freaking close.”
The Lakers lost to Memphis on Sunday but there was one promising development, Dan Woike of the Los Angeles Times notes. Anthony Davis was spotted on the court before the game going through an individual workout, the first time he’s done that since spraining a knee ligament on December 17. Davis wore a bulky brace on the knee for precautionary reasons. The Lakers are scheduled to provide an update on Davis’ recovery as early as this weekend, Woike adds.
The disappointing Kings have to figure out over the next few weeks whether to be buyers or sellers on the trade market, Jason Anderson of the Sacramento Bee writes. It’s no secret that the front office has been shopping Buddy Hield and Marvin Bagley III. However, the team’s brass may have to consider moving De’Aaron Fox, Tyrese Haliburton, Harrison Barnes or Richaun Holmes to get an impact player that can change the franchise’s fortunes, Anderson adds.

Western Notes: Murray, Ibaka, Warriors, Gordon, Wiseman

December 23rd, 2021 at 8:20pm CST by Dana Gauruder

Nuggets coach Michael Malone has tempered expectations about Jamal Murray‘s return date, Mike Singer of the Denver Post tweets. Malone said on a radio interview with 92.5 FM Altitude Sports that fans shouldn’t expect to see Murray return from his knee injury in January or February. The organization is taking it very cautious with their franchise point guard.

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Clippers big man Serge Ibaka admits he’s frustrated with his playing time but he won’t become a distraction, according to Andrew Greif of the Los Angeles Times. “I’m going to be honest with you, as a human being it can be frustrating,” Ibaka said. “As a coach, [Tyronn Lue] tries to do his best he can to keep the team together, to keep the team playing the best basketball you can and as a player, like, hard worker, someone who loves basketball like me, I want to play, too. . . . but that doesn’t mean I’m going to stop being professional.” With Isaiah Hartenstein out of action, Ibaka scored 17 points in 20 minutes off the bench against Sacramento on Wednesday. He’ll be an unrestricted free agent after the season.
Arctos Sports Partners is increasing its stake in the Warriors from 5% to 13%, Scott Soshnick and Eben Novy-Williams of Sportico report. The team is valued at about $5.5 billion in the deal, the same valuation as when Arctos bought its initial 5% earlier this year. A majority of this new equity is coming from minority partners, with a small portion from the team’s main owners, Joe Lacob and Peter Guber, the Sportico report adds. The deal must be approved by the NBA’s Board of Governors.
The Rockets’ Eric Gordon, who has battled knee problems in recent years, is playing both ends of a back-to-back this week for the first time this season, according to Jonathan Feigen of the Houston Chronicle. “This was the plan long ago,” Gordon said. “I’ve been feeling pretty good all year. This was definitely the plan before the season started. But I will be looking forward to playing back-to-back.”
Warriors big man James Wiseman could advance to on-court contact next week, Anthony Slater of The Athletic tweets. Wiseman has been rehabbing from offseason knee surgery.

Stein’s Latest: Timberwolves, Ujiri, Simmons, Lacob, Dragic

September 24th, 2021 at 3:28pm CST by Luke Adams

Incoming Timberwolves owners Alex Rodriguez and Marc Lore won’t assume majority control of the the franchise from Glen Taylor until 2023, but they’re operating in some ways as if they’re already the team’s primary owners, says Marc Stein of Substack.

Shortly after Gersson Rosas was dismissed this week, Timberwolves reporter Dane Moore suggested (via Twitter) that rumors have circulated for months that Rodriguez and Lore want to bring in a “top-five” front office executive. Stein doesn’t specifically confirm that rumor, but he corroborates it, writing that word circulated at Summer League in August that A-Rod and Lore would have loved to make a run at veteran executive Masai Ujiri, who ultimately re-upped with the Raptors.

While those reports suggest that the Wolves’ new ownership group wants to make a splash, league sources tell Stein that Sachin Gupta is expected to get every chance to impress the team during his time running the basketball operations department. According to Moore (Twitter link), Gupta – whose title is executive VP of basketball operations – doesn’t technically have the “interim” tag attached to his position, an indication that he’ll receive serious consideration for the permanent job.

Here’s more from Stein’s latest NBA roundup:

According to Stein, teams around the NBA are skeptical that the Sixers genuinely want to bring back Ben Simmons, viewing Doc Rivers‘ media comments on Wednesday as an attempt to regain trade leverage rather than a legitimate effort to mend the team’s relationship with Simmons.
It may seem odd that Warriors owner Joe Lacob was fined for comments about Simmons that didn’t even mention him by name and made it clear that Golden State isn’t really interested in the Sixers star. However, Stein says the tampering penalty was “as automatic as these ever get,” since there was no doubt Lacob was referring to Simmons, and his comments could be viewed as an attempt to diminish the 25-year-old’s trade value.
It doesn’t appear that any deal involving Goran Dragic is imminent. Stein writes that the Raptors want to be as competitive as possible this season, and Dragic can help with those efforts. Toronto also believes that more appealing trade scenarios could arise once the season gets underway and more teams need a point guard due to injuries or underperformance.

Warriors Notes: Wiseman, Player Development, Lacob

September 22nd, 2021 at 5:11pm CST by Dana Gauruder

James Wiseman‘s inability to participate fully in training camp will hurt the Warriors more than any games he might miss at the start of the season, Anthony Slater of The Athletic opines. Wiseman’s development is crucial to making the team relevant again, due to his physical gifts that can add an explosive dimension it currently lacks on the interior. Wiseman is expected to participate in individual shooting and other individual on-court activities during camp. His return to full practices will be determined after October 15, when he’s expected to begin full jumping on the surgically repaired knee.

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The team has invested heavily this offseason in player development, as Monte Poole of NBC Sports Bay Area details. The additions of former Nets coach Kenny Atkinson along with Dejan Milojević and Jama Mahlalela were made due their reputations for developing young talent. All three have been on the job since June, Poole adds.
Owner Joe Lacob has been fined $50K for comments regarding Ben Simmons, the NBA announced today (via Twitter). The league deemed the comments as a violation of its anti-tampering rules. Lacob said it’s unlikely the team will trade for disgruntled Sixers star.
Lacob believes the franchise is on track for another championship, according to Rusty Simmons of the San Francisco Chronicle. “Hopefully, this year, we’ll compete for a championship,” he said. “I think we should. Over the next 4-5 years, I think we should continue that and have a second great decade in a row.”

Warriors’ Owner Suggests Trade For Simmons Unlikely

September 22nd, 2021 at 10:07am CST by Luke Adams

Multiple reports this offseason have suggested that Sixers star Ben Simmons would like to be traded to a West Coast team, but it doesn’t sound as if the Warriors are looking to pull the trigger on a deal for the three-time All-Star, as Rusty Simmons of The San Francisco Chronicle writes.

Simmons spoke to Warriors owner Joe Lacob about the possibility of trading for Simmons, and while Lacob was careful not to mention the 25-year-old by name in an effort to avoid a tampering fine, there was no doubt about which player he was referring to when he discussed a certain “Defensive Player of the Year candidate in Philadelphia.” Lacob said Golden State will always explore avenues to upgrade the roster, but strongly hinted that a trade for Simmons is unlikely.

“In some ways, it doesn’t really fit what we’re doing. He makes a lot of money. And, can he finish games? I don’t know,” Lacob said. “He’s very talented. The problem is: We have Draymond (Green). Draymond and him are very similar in the sense that neither one really shoots and they do a lot of the play-making. That’s one issue. The salary structure is another.”

The Warriors were viewed as a top candidate to make a major trade earlier in the offseason, when they could dangle two 2021 lottery picks in advance of this year’s draft. Once they used those two picks to select Jonathan Kuminga and Moses Moody, a blockbuster deal became less likely for the Dubs, who appear focused on developing their rookies and young center James Wiseman rather than packaging them for a star.

“I like our team,” general manager Bob Myers said, per Simmons. “And I envision that the team we have will be the team that heads into camp and will be the team that starts the season.”

If Golden State isn’t seriously in the running for Simmons, who remains adamant about holding out and forcing a deal, it will take one potential trade partner off the table for the Sixers. However, a number of other suitors have reportedly discussed Simmons with Philadelphia this offseason, including the Timberwolves, Raptors, Spurs, Cavaliers, and Kings, among others.

Pacific Notes: Warriors, Lacob, Moody, Larranaga

July 31st, 2021 at 9:55am CST by Dana Gauruder

Prior to the draft, the Warriors’ top players were reportedly urging the front office to make a major deal by using assets such the No. 7 and 14 picks in the draft. Golden State ultimately didn’t make a deal, instead drafting Jonathan Kuminga and Moses Moody.

Majority owner Joe Lacob said it’s “unlikely” will swing a big deal this offseason, Anthony Slater of The Athletic reports. The Warriors don’t want to give up an established star for another one.

“I know this isn’t popular with a lot of people. They think we ought to go get the next star,” Lacob said. “We already have the stars. And we have a payroll that’s — and I’ve said this when I was interviewed before, but nobody listened. It’s very unlikely, I’ve said that we’re not going to trade for anybody that people are expecting. Very unlikely.”

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In the same story, Lacob said he’s ecstatic how the draft unfolded. “We’ll probably never have two lottery picks again. If we do, we’ll have a problem,” he said. “The thing that’s most amazing to me is how it worked out. I shouldn’t say where they were on our board, but it’s hard for me not to say it. I’ll just tell you they were both clearly in our top 10. We feel like we got really fortunate on Kuminga. Then with Moody, I think it’s pretty common knowledge we were seriously considering him at seven.”
Warriors stars Stephen Curry and Klay Thompson attended Moody’s draft workout, Alex Didion of NBC Sports Bay Area relays. Moody also has the same representative as Draymond Green and they had conversations leading up to the draft.
Jay Larranaga is joining Tyronn Lue’s coaching staff with the Clippers, Chris Mannix of Sports Illustrated tweets. Larranaga has been Brad Stevens‘ top assistant with the Celtics over the past seven seasons.

Warriors Rumors: Wiseman, Payroll, Oubre, Curry

June 22nd, 2021 at 4:00pm CST by Luke Adams

There’s an expectation among league personnel that the Warriors will consider shopping one or both of their lottery picks if they receive the Timberwolves’ first-round selection in tonight’s lottery, according to Jake Fischer of Bleacher Report. However, Fischer says the club has had no serious internal talks about the possibility of trading young center James Wiseman.

Appearing on The TK Show with Tim Kawakami of The Athletic, Warriors owner Joe Lacob confirmed that the Dubs aren’t looking to move Wiseman, stating that it’s “very unlikely” the club will entertain offers for the 20-year-old this offseason. While Lacob didn’t close the door entirely on the possibility, he said it would “take a lot” for Golden State to consider such a move, adding that the team would have to be blown away.

Discussing the decision to select Wiseman at No. 2 in last year’s draft over LaMelo Ball, among others, Lacob acknowledged that Ball had a great rookie season in Charlotte, but said that he remains confident Wiseman can be an “All-Star level player,” noting that nothing he saw in 2020/21 diminished that belief.

Here’s more on the Warriors:

In his interview with Kawakami, Lacob repeatedly mentioned the repeater tax penalties facing the Warriors going forward, stressing that it’s impractical for the team to continue increasing its payroll indefinitely. However, he didn’t rule out using Golden State’s taxpayer mid-level exception this offseason, and Fischer says there aren’t internal concerns about the club’s growing tax bill.
The Warriors have interest in retaining Kelly Oubre, but a sign-and-trade remains a viable possibility, according to Fischer, who reports that multiple Spurs players seem eager to add Oubre. Fischer also identifies the Mavericks as a team that may have interest in the veteran forward, citing sources who say Dallas approached the Warriors prior to the trade deadline about a deal involving Oubre and Kristaps Porzingis. It’s unclear whether the Mavs’ front office shakeup would affect their level of interest in Oubre, Fischer adds.
Asked by Kawakami about the possibility of a Stephen Curry extension this offseason, Lacob declined to speculate on whether a deal will get done, but stated that he expects the two-time MVP to spend the rest of his career with the Warriors, noting that both sides want that to happen.

Warriors’ Myers Talks Curry, Payroll, Oubre, Draft

April 1st, 2021 at 5:22pm CST by Luke Adams

The Warriors and Stephen Curry discussed a contract extension last offseason, when Curry was eligible to tack on three years to the two seasons still left on his deal. However, the two sides ultimately didn’t reach an agreement, opting to put those talks off for at least another year, as president of basketball operations Bob Myers told Tim Kawakami of The Athletic.

“It was just one of those things, let’s just talk about it,” Myers said. “It was such a rushed season and preseason … and with what was going on and dealing with Klay (Thompson’s Achilles injury) and all the things we had going on. … We just very congenially said, ‘Let’s talk about it next season.'”

As Kawakami notes, when the 2021/22 season begins, Curry will be eligible to add four seasons to his remaining one. That extra year could be important to the two-time MVP, who recently turned 33.

“In his mind, the length matters,” Myers said. “It wasn’t contentious. Nobody was upset. It was just, ‘Hey, let’s talk about this at the end of next season.’ And I think that probably meant everybody feels good about the situation. No one was feeling badly about it.”

While it’s no guarantee that the Warriors will offer Curry four fully guaranteed maximum-salary years when they revisit talks this offseason, such a deal would be an incredibly lucrative one, worth more than $215MM over four seasons.

Myers touched on a few other topics of note during his conversation with Kawakami. Here are some of the highlights:

On whether he expects Warriors owners Joe Lacob and Peter Guber to continue approving massive payrolls and tax bills:

“I’ve been fortunate enough to work for Joe and Peter, where winning has always been the No. 1 goal and the No. 1 mission in how we’ve moved forward in all our decisions. But at the same time, it’s not ‘spend recklessly.’ This year, we haven’t or didn’t use the ($9.3MM disabled player exception), haven’t used it yet. Didn’t find a reason to use it, didn’t feel like it was worth it to use it.

“Joe has always (said) to me, when the question has been asked, ‘Do you want to do this?’ The response from him has been, ‘Does this help us win?’ We’ll see when the time comes, if it’s a move that Joe thinks makes a lot of sense and economic ramifications are there but worth it, he’ll usually do it. But again, not to no end, not to a $400MM payroll or something of that nature.”

On Kelly Oubre‘s comments suggesting he wouldn’t want to come off the bench next season if he re-signs with the Warriors:

“Obviously, (head coach) Steve (Kerr) had to speak to (Andre) Iguodala about coming off the bench, a very, very accomplished player. And when you win, everybody seems content and happy. But I have no problem with players that want to start. They all want to start and they probably should feel that. I don’t think that’s an issue. I don’t think that prevents a guy from signing, if he wants to be in a certain situation, if he feels the money is fair, commensurate with what he deserves.”

On the Warriors’ 2021 draft strategy, and the top-three protected Timberwolves first-rounder the team controls:

“If we do end up getting a couple picks and the Minnesota pick does convey, that’s going to be an attractive thing in a trade or an attractive thing to look at. Because it’s rare that you have, if we do get the Minnesota pick and our pick, to have picks kind of in that high range, multiple picks. We’ll see. When that time comes, we’ll look at drafting, we’ll look at trading, we’ll look at everything on the table.”

Warriors Notes: Oubre, Wiseman, Lost Revenue

January 28th, 2021 at 2:28pm CST by Luke Adams

Earlier this week, a report from Shams Charania of The Athletic indicated that the Warriors and Pelicans had discussed a possible trade involving Kelly Oubre. Asked on Wednesday about that rumor, head coach Steve Kerr made it clear he didn’t appreciate the leak.

“It’s unfortunate,” Kerr said, per Anthony Slater of The Athletic (Twitter link). “Team called us and asked about him. Didn’t even make an offer, asked about Kelly. Next thing it’s online.”

Kerr spoke directly to Oubre about the report, and the veteran forward told reporters that he appreciated the transparency, as Slater tweets. “At the end of the day, I’m a Warrior,” Oubre added.

Here’s more out of Golden State:

James Wiseman has adjusted smoothly to a bench role since being removed from the starting lineup earlier this week, averaging 19.0 PPG, 5.0 RPG, and 2.0 BPG on 68.4% shooting in two games (20.0 MPG) vs. Minnesota. “I’m more effective because I’m just studying (Kevon Looney) and how he can be able to guard the defense,” Wiseman said, according to Nick Friedell of ESPN.com. “And just trying to figure out the different coverages, so it’s really helping me out a lot. So most definitely coming off the bench is something that’s very effective so far.”
As Friedell details, Kerr reiterated on Wednesday that the Warriors envision Wiseman as their “long-term” starting center, but will play his current role by ear as they look to maximize his development.
While the Warriors project to have the NBA’s most expensive roster this season, team owner Joe Lacob estimates that the franchise is missing out on about 70% of its projected revenue as a result of not being able to get fans into the Chase Center, writes Eben Novy-Williams of Sportico.

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.