Julia Koch Rumors | Hoops Rumors

Atlantic Notes: Porzingis, Celtics, Knicks, Nets

June 25th, 2024 at 10:42am CST by Luke Adams

Injured Celtics big man Kristaps Porzingis is expected to undergo surgery on his left leg injury in the coming days, the team announced today in a press release (Twitter link via Chris Forsberg of NBC Sports Boston).

Porzingis told ESPN after the NBA Finals ended last week that his injury – a torn retinaculum and dislocated posterior tibialis tendon – would require surgery, so this news doesn’t come as a surprise. However, as the Celtics explain in their announcement, the star center had hoped to put off surgery until after Latvia’s Olympic qualifying tournament — and potentially its trip to Paris. That won’t be possible, as Porzingis is unable to play through the injury at the level required for Olympic competition, per the team.

The Celtics are expected to provide updates on Porzingis’ recovery timeline after the surgery is completed. Latvia, meanwhile, will look to claim a spot in the 12-team men’s basketball Olympic tournament without Porzingis available. In order to clinch an Olympic berth, the Latvians will need to win a six-team qualifying tournament over Georgia, Brazil, Cameroon, Montenegro, and the Philippines. That tournament will take place from July 2-7 in Riga, Latvia.

Here’s more from around the Atlantic:

Revisiting the Celtics‘ series of trades from last year, Kevin O’Connor of The Ringer reports that Boston still would have traded away Marcus Smart during the 2023 offseason even if its initial deal for Porzingis – which involved sending Malcolm Brogdon to the Clippers – hadn’t fallen through. According to O’Connor, if that Brogdon trade had been completed, the Celtics intended to send Smart to the Grizzlies in a separate deal for Tyus Jones and the two draft picks Boston got in the final Porzingis trade. In that scenario, the C’s may not have been in position to acquire Jrue Holiday later in the offseason.
Indiana center Kel’el Ware, Akron forward Enrique Freeman, and San Francisco forward Jonathan Mogbo are among the prospects who have worked out for the Knicks recently, per Ian Begley of SNY.tv. New York currently holds the 24th and 25th overall picks in the first round on Wednesday, along with No. 38 on Thursday.
Fred Katz and Andrew Schlecht of The Athletic spoke to an Eastern Conference executive about several possible draft options for the Knicks, evaluating the pros and cons of Ryan Dunn, Kyshawn George, DaRon Holmes II, and Mogbo, among others.
The NBA’s Board of Governors has voted to approve the sale of 15% of the Nets‘ parent company (BSE Global) to billionaire Julia Koch and her family, according to Kurt Badenhausen of Sportico. For more details on the Kochs buying into the Nets, you can read our full story here.

Atlantic Notes: Randle, LaVine, Sixers, Newton, Nets, Stevens

June 20th, 2024 at 8:03pm CST by Luke Adams

Appearing on the latest episode of the 7PM in Brooklyn podcast (YouTube link), Knicks forward Julius Randle spoke about the frustrating process of trying to rehab his right shoulder injury during the second half of the 2023/24 season in the hopes of making it back for the playoffs, only to ultimately opt for season-ending surgery.

“I’m rehabbing for two-and-a-half months, knowing my shoulder ain’t good,” Randle said (hat tip to Stefan Bondy of The New York Post. “So it’s a situation where it’s like, ‘Do I play and know that I’m going to miss six or seven months after we’re done playing?’ So I’m probably not playing until the next year. And I’m not good. So can I help the team? I don’t think I can get a rebound. I can’t fall. I feel like if I fall my shoulder is going to come out. So I’m dealing with that.

“I’m also dealing with the part like I feel selfish, like I’m letting the guys down. Then it came to the point where I don’t even want to be around because I’m trying to work to come back but I feel like I’m a distraction. I feel like an outcast. I’m like, let me just stay away, they’re doing great, let me just be around and support when I can. So I had to get out of my own way of my own ego and be like, all right, once I made that decision, deal with it, and keep moving and support the best way you can. But that s–t was tough.”

Randle underwent surgery on his troublesome shoulder in early April, with the Knicks announcing that he would be reevaluated in five months. That would put his evaluation on track for early September, with no guarantee that the star forward will be ready for training camp a few weeks later. However, Randle suggested he feels good about the progress he’s made — and about his chances of being ready to go in the fall.

“I’m getting there. It’s a process. It’s something that’s going to take a long time. I knew that going into it,” he said. “But I’m ahead of schedule, I’m feeling good. I’m healthy. I’ll be ready when the season starts.”

Here’s more from around the Atlantic:

K.C. Johnson of NBC Sports Chicago reported earlier today that the Sixers are among the teams that have talked to the Bulls about Zach LaVine, then reiterated that report in a story published this evening following Chicago’s Alex Caruso/Josh Giddey trade agreement with Oklahoma City. However, a league source tells Kyle Neubeck of PHLY Sports (Twitter link) that Philadelphia isn’t interested in pursuing LaVine.
UConn’s Tristen Newton was among the prospects who took part in the Sixers‘ pre-draft workout on Thursday, tweets Keith Pompey of The Philadelphia Inquirer. Newton is the No. 66 prospect on ESPN’s big board.
Eben Novy-Williams and Scott Soshnick of Sportico provide more information on the minority stake that Julia Koch and her family are buying in BSE Global, the parent company of the Nets. The deal will include $688MM in cash, per Sportico, with much of that money being put toward outstanding debts.
Brad Stevens coached a number of the players who helped lead the Celtics to a title this spring and acquired several of the others. Michael Pina of The Ringer takes a look at the role the head-coach-turned-executive played in Boston winning its record-setting 18th championship.

Julia Koch Agrees To Buy 15% Stake In Nets

June 19th, 2024 at 3:32pm CST by Luke Adams

Nets owners Joe Tsai and Clara Wu Tsai have agreed to sell a 15% stake in BSE Global – the team’s parent company – to Julia Koch and her children, according to a report from Scott Soshnick and Eben Novy-Williams of Sportico. The New York Post first reported the negotiations in February.

BSE Global was assessed with a valuation of $6 billion for the upcoming sale, per Sportico and Brian Lewis of The New York Post. That’s a significantly higher valuation than any NBA franchise has received as part of a stake sale, though it also takes into account the WNBA’s New York Liberty and the Barclays Center. The Tsais paid a total of $3.3 billion for the two teams and the arena, assuming full control in 2019.

The massive new figure likely reflects the impact of the NBA’s and WNBA’s upcoming TV deals, as well as the “growth in the economics” of the Barclays Center, Soshnick and Novy-Williams write.

“The $6 billion valuation is not stretched at all if you take into account a potential new NBA media deal, a hot WNBA team with exponential growth, and Barclays Center doing really well as a top concert venue,” one source told Lewis.

The widow of late billionaire David Koch, philanthropist Julia Koch inherited 42% of Koch Industries, one of the largest conglomerate companies in the United States, when her husband died. She and her family are said to be worth $65.2 billion, per Forbes.

Julia Koch’s group, which also includes her children David Jr., Mary Julia, and John, won’t have a path to gradually take over majority control of the Nets in stages – like the Tsais did when they initially bought in – as part of this deal. She also won’t become an alternate governor for the franchise. However, the Kochs will be given the right of first offer if Tsai decides to sell his majority stake in the team down the road.

The NBA’s advisory committee has reviewed the terms of the sale and recommended that the league’s Board of Governors approve it in a June 24 vote, per Sportico.

Nets Notes: Struggles, Johnson, Bridges, Koch Family

February 23rd, 2024 at 6:52pm CST by Rory Maher

In their first game under interim head coach Kevin Ollie on Thursday in Toronto, the Nets had yet another listless performance, losing by 28 points to the Raptors, writes Brian Lewis of The New York Post. Ollie replaced Jacque Vaughn, who was fired in part due to the team’s lack of energy and effort, with Brooklyn just 8-24 over its past 32 games.

Ollie made playing with energy and hustle a priority in his first practice on Tuesday, but the Nets repeatedly failed to get back in transition in the blowout loss, Lewis notes, losing the fast-break points battle 46-10.

“We didn’t make shots, but their effort, their energy, loose balls, offensive rebounds, beat us in probably every area,” said Ollie. “And giving up 46 fast-break points and not being able to stop them and limit them in half-court situations was a killer for us.”

Here are a few more notes out of Brooklyn:

Ollie made a change to the starting lineup on Thursday, moving fifth-year forward Cameron Johnson to the bench, Lewis writes in another story. The starting five consisted of Ben Simmons, Cam Thomas, Mikal Bridges, Dorian Finney-Smith and Nic Claxton. It was only the second time Johnson has come off the bench this season, with the first coming just before the All-Star break in his first game back from an adductor injury. The 27-year-old, who re-signed with the Nets on a lucrative long-term contract last summer, finished with six points on 1-of-7 shooting in 21 minutes.
Appearing on the podcast (Roommates Show) of his former Villanova teammates Jalen Brunson and Josh Hart, who now play for the Knicks, Nets wing Mikal Bridges compared the two teams’ situations unprompted, according to Stefan Bondy of The New York Post (subscriber link), who wonders if Bridges would ever consider asking out of Brooklyn. “I know people might want to think about different situations and teams,” Bridges said. “Obviously, I’ve got my boys over there in New York, so everybody goes with that. ….” Bridges went on to say he wanted to keep playing for the Nets, despite their struggles. Bondy acknowledges that “it’s entirely plausible — and understandable — if the Nets simply refuse to trade their best player across the river,” but argues that if it was a possibility for New York, it’d be an idea worth pursuing.
Billionaire Julia Koch is negotiating to buy a minority stake in the Nets, per Lewis and Josh Kosman of The New York Post. Koch’s son David Koch Jr. would also be involved. The stake could be as high as 15%, from majority owners Joe Tsai and Clara Wu Tsai. According to The Post, Julia has an estimated net worth of $60-65 billion, which would make her the second-wealthiest woman in the world and only trailing Clippers owner Steve Ballmer in the NBA.