Steve Kaplan Rumors | Hoops Rumors

And-Ones: Timberwolves, Gasol, Kings

March 4th, 2016 at 8:59am CST by Chuck Myron

Talks between Timberwolves owner Glen Taylor and Grizzlies part-owner Steve Kaplan about a would-be deal for 30% of the Minnesota franchise have “hit a wall,” sources told Jon Krawczynski of The Associated Press. The proposed arrangement, which would reportedly involve Taylor eventually ceding control of the Wolves to Kaplan, isn’t dead, Krawczynski hears, but a source who spoke with Jerry Zgoda of the Star Tribune suggested no deal may ever come to pass. Kaplan has encountered trouble in his effort to sell his Grizzlies stake, a requirement before he buys into the Wolves, Krawczynski’s sources say. Regardless of what happens on that front, Taylor and Kaplan still must sort through issues about how much say Kaplan would have in hiring for the team’s GM and coaching positions and whether Taylor would indeed eventually give up control, Zgoda writes. For now, Taylor is preparing to make decisions about interim GM Milt Newton and interim coach Sam Mitchell on his own and is actively investigating his options, according to Zgoda. See more on the Wolves amid a look around the NBA:

The Timberwolves are seeking an athletic wing player for their open roster spot, with Mitchell saying he wants someone with NBA experience who’d have a legitimate chance of making the opening night roster next season, Zgoda reports in the same piece. “We have to improve our athleticism,” Mitchell said. “I don’t think we’re a bad athletic team, but we’re not as athletic as we need to be. We need to look at guys who can defend, a guy who can shoot, and see how this team can look if we can spread the floor a little bit more.”
The Bulls will have to continue to try to build a contender if they want to re-sign Pau Gasol, as he indicated to Marca.com (translation via HoopsHype), reiterating that he’ll opt out and that, all things being equal, he’d prefer to stay with Chicago. Money won’t be his first priority, Gasol also said, adding that the offer from the Bulls should nonetheless reflect that they value his performance.
The Kings interviewed former Nets assistant GM Bobby Marks on Thursday for a job within their front office, as USA Today’s Sam Amick hears (Twitter link). Marks currently works as a writer for The Vertical on Yahoo Sports.

And-Ones: Wolves, Joe Johnson, Rockets, Mavs

February 25th, 2016 at 2:01pm CST by Chuck Myron

The Timberwolves are at a “standstill” in talks with Grizzlies minority-share owner Steve Kaplan about a potential deal that would see Kaplan and his partners take 30% of the Minnesota franchise, Wolves owner Glen Taylor told Jerry Zgoda of the Star Tribune. The sides can’t proceed until Kaplan sells his stake in the Grizzlies, Taylor said to Zgoda, and Memphis principal owner Robert Pera isn’t making it easy, according to Jon Krawczynski of The Associated Press (on Twitter). The deal had reportedly been on track to be complete by the end of this month, but Taylor, who remains optimistic it will ultimately get done, said it will probably take months, not weeks, Zgoda relays. That arrangement would reportedly involve Taylor eventually ceding control of the Wolves to Kaplan, but Taylor plans to remain the primary owner for another few years, Krawczynski tweets. See more from around the NBA:

New Nets GM Sean Marks essentially confirmed the reported buyout talks with Joe Johnson today in an appearance on the “Joe & Evan” show on CBS New York radio (Twitter transcription via Devin Kharpertian of The Brooklyn Game). Marks said the team would talk to Johnson to see “what he really wants to do,” adding that he thinks the 15th-year veteran has “deserved the right” to go to a playoff team if he wants.
The relationship between James Harden and soon-to-be free agent Dwight Howard is nuanced, but the idea of tension between the Rockets stars is overblown, as Calvin Watkins of ESPN.com examines.
The Mavericks didn’t really receive trade offers of picks likely to fall in the middle of the first-round for Dwight Powell and Justin Anderson, according to Tim MacMahon of ESPNDallas.com (Twitter link). That conflicts with an earlier report.

Western Notes: Teletovic, Wolves, Grizzlies

January 14th, 2016 at 10:33am CST by Chuck Myron

Mirza Teletovic wondered if his career was over after experiencing blood clots in his lungs that led to his hospitalization last January, notes Paul Coro of The Arizona Republic. Teletovic was initially expected to miss at least the rest of last season for the Nets, though he returned for the playoffs. He wound up signing a one-year, $5.5MM contract with the Suns in the summer that looks like a bargain now that he’s playing a prominent role in the Phoenix rotation and is leading all NBA big men in 3-pointers made and 3-point percentage, Coro points out.

“I never have got the chance that I’ve got here and the chance [coach] Jeff [Hornacek] has given me,” Teletovic said.

That’s a vote of confidence for the Suns coach, who’s job was reportedly in jeopardy a few weeks ago, from a soon-to-be free agent. See more from the Western Conference:

The sale of 30% of the Timberwolves to private equity investor and Grizzlies minority owner Steve Kaplan is on track to be complete by the end of next month, according to Charley Walters of the St. Paul Pioneer Press. The transfer is reportedly a precursor to Kaplan and his partners eventually taking over majority control from Glen Taylor, though the stipulation that the team remains in Minnesota would be a part of any deal, Walters notes.
The Wolves initially operated on the premise that the late Flip Saunders would be back coaching sometime in November after he took his leave of absence in September to recover from cancer treatment, as interim coach Sam Mitchell recently revealed to Britt Robson of MinnPost. Saunders died in October.
Jeff Green didn’t play in the second half of the Grizzlies‘ loss to Memphis on Tuesday, the one-year anniversary of the trade that brought him to Memphis, a signal that the time has come for the team to trade him, argues Geoff Calkins of The Commercial Appeal.

Western Notes: Morris, Howard, Harden, Wolves

December 24th, 2015 at 8:59am CST by Chuck Myron

The saga of trade candidate Markieff Morris in Phoenix took another turn Wednesday when Morris threw a towel in coach Jeff Hornacek‘s direction while verbally directing his anger at the coach during the fourth quarter of Phoenix’s loss to Denver, as Paul Coro of the Arizona Republic details. Hornacek, who’d just taken Morris out of the game, tossed the towel back at Morris as he shared his own angry words with the power forward whom the Suns have reportedly had serious discussions about trading.

“He’s mad about not playing,” Hornacek said after the game, according to Coro. “I look at the stat sheet. He’s a minus-13 in 12 minutes. So there, I took him out. … He thinks he’s better than that. Show me.”

Hornacek said a discussion will take place among team officials about possible discipline for the towel-toss, which evoked memories of Robert Horry throwing a towel in coach Danny Ainge’s face during a game in 1997 when they were with the Suns. See more from the Western Conference:

Coach J.B. Bickerstaff met with Dwight Howard and James Harden about their leadership roles and how they can function together, and the two stars have begun to work more closely with each other in practice, observes Jenny Dial Creech of the Houston Chronicle. Howard has on multiple occasions denied a report that he’s upset with playing a secondary role to Harden. “It’s been great,” Howard said of his practice work with Harden. “The thing we are trying to build on the most is chemistry between me and James. We have played together for two years, but the best way to build chemistry is to have those individual workouts together. That’s what we have done the last couple of weeks and we have gotten better at reading each other and the more we do it, the better we will become.”
Former Grizzlies CEO Jason Levien is an investor in Steve Kaplan’s bidding group for a 30% stake in the Timberwolves, according to Darren Wolfson of 1500 ESPN Twin Cities (Twitter link). Conflicting reports emerged in November about whether Levien was involved. The Kaplan group is reportedly progressing toward a deal that would see them eventually take over a controlling interest in the team.
Losing to the Suns last week prompted the Pelicans to hold a players-only meeting, Anthony Davis said Wednesday, according to John Reid of The Times Picayune. New Orleans has won both of its games since then. The team has gone 8-8 after an 1-11 start under new coach Alvin Gentry, who criticized the effort of the players after the Phoenix loss, as Reid points out.

Kaplan Moving Toward Deal For Stake In Wolves

December 16th, 2015 at 9:28am CST by Chuck Myron

Private equity investor and Grizzlies minority owner Steve Kaplan is progressing toward a deal with Timberwolves owner Glen Taylor that would see him purchase a 30% share of the Wolves and eventually take over a controlling interest from Taylor, reports Jerry Zgoda of the Star Tribune. The sides have reached agreement on the 30% stake and the purchase price for it, Zgoda writes, but Taylor cautioned to Zgoda that the deal is not yet done. Kaplan’s side must complete its vetting process, and the sides still need legal documentation and NBA approval, Taylor said to Zgoda. Kaplan must also sell his portion of the Grizzlies, Zgoda adds.

The 30% share is larger than the approximately 20% that the sides were talking about last month, when Adrian Wojnarowski of Yahoo Sports first reported the discussion, though that’s no surprise, since the idea of a higher percentage came up in the conversations around that time, according to Darren Wolfson of 1500 ESPN Twin Cities. Taylor said shortly thereafter that he was also speaking to other prospective buyers, but he’s negotiating solely with Kaplan and his group now, Zgoda reports. Taylor has said that anyone who would take controlling interest from him must agree to keep the team in Minnesota, as Zgoda points out. It’s unclear when Kaplan would take over controlling interest as part of any would-be deal.

Kaplan had interest in buying the Hawks earlier this year before Antony Ressler purchased the franchise, according to Chris Vivlamore of the Atlanta Journal-Constitution. Forbes magazine pegged the value of the Wolves at $625MM, second lowest in the NBA, in January, though that number has likely changed since then.

Timberwolves Rumors: LaVine, Rubio, Muhammad

November 17th, 2015 at 1:31pm CST by Chuck Myron

It’s no coincidence that the Timberwolves are giving Zach LaVine minutes at point guard after going back on their decision to make him the starting shooting guard, since Ricky Rubio would become a trade chip if LaVine proves capable running the point, writes Zach Lowe of ESPN.com. Rubio and LaVine have played just 10 minutes together so far this season, with Lowe calling it “beyond dumb” that they haven’t shared the floor for more time and Rubio making it clear he’d like to play more often with LaVine. Both Rubio and GM Milt Newton expressed to Lowe that they hope Rubio is the long-term answer at the point, “but he has to stay healthy,” Newton said. Regardless, Newton isn’t in a hurry to make any deals.

“We are cognizant about not rushing it,” Newton said to Lowe. “We don’t want to be a flash in the pan. We don’t want to disrupt our young core. If we do something, it has to be the kind of deal where the majority of that young core is still here, but you get a veteran who is not that old — and can grow with the group.”

See more on the Timberwolves:

LaVine has shown flashes of brilliance and moments of struggle alike at point guard this season, but his play is making it increasingly apparent that he deserves time at one position or another, as Kent Youngblood of the Star Tribune examines. “I love him,” Grizzlies coach Dave Joerger said Sunday before Minnesota’s game against Memphis. “I’m a big LaVine fan. I think he can really score the basketball. He’s tough to guard. I think he’s still trying to figure out where he is in the league, learn his teammates, where he can go and when it’s not a good time to go. When he learns that? He’ll be a very potent scorer.”
Opposing front office personnel were initially dismissive of the late Flip Saunders‘ decision to sign so many veteran mentors this summer, but some of them have warmed to the notion that re-signing Kevin Garnett and adding Andre Miller and Tayshaun Prince was shrewd, Lowe writes in the same piece.
The Timberwolves almost chose Giannis Antetokounmpo over Shabazz Muhammad in the 2013 draft, several sources tell Lowe. The Jazz officially drafted Muhammad, but they had already agreed to trade the pick to Minnesota by the time they went on the clock, so evidently the Timberwolves were telling the Jazz whom to take, as is often the case behind the scenes with draft-night deals.
If Steve Kaplan, the Grizzlies minority owner who’s reportedly in talks to buy a share of the Timberwolves, were to purchase a controlling interest in the Wolves at some point, he’d probably include Garnett in the ownership group, Lowe hears from sources.
Sean Kilpatrick, who was with the Timberwolves on a 10-day contract this past spring, has re-signed with the D-League affiliate of the Sixers, the team with which he ended last season, the D-League club announced.

And-Ones: Timberwolves, Draft, Hornets

November 13th, 2015 at 2:59pm CST by Chuck Myron

Former Grizzlies front office chief Jason Levien isn’t involved in Steve Kaplan’s bid to own a partial share of the Timberwolves, as Zach Harper of CBSSports.com reports, and his name hasn’t come up in discussions with Wolves officials, according to Jon Krawczynski of The Associated Press (Twitter links). Adrian Wojnarowski of Yahoo Sports reported earlier that Levien was partnering with Kaplan as part of his effort to get into position to eventually assume full control of the Wolves if owner Glen Taylor relinquishes that. Taylor currently has no plans to sell the team, but he’s preparing for that time to come, writes Jerry Zgoda of the Star Tribune.

“It just seems to me if I’m a responsible owner of a team, I should go out there, find someone who is really interested, bring them in and see how it works,” Taylor said. “So if I would die or be in a position where I can’t run it, they’d be in a position to take over and make a smooth transition. I just think it’s something I owe the state because I have the ownership.”

The purchase of a minority ownership, whether by Kaplan or another bidder, doesn’t necessarily guarantee they’ll become majority owners at any point, Krawczynski adds (on Twitter), though the idea of Kaplan owning more than 20% of the team has come up in the talks, tweets Darren Wolfson of 1500 ESPN Twin Cities. See more from around the NBA:

LSU small forward Ben Simmons tops the rankings of draft prospects that Chad Ford of ESPN.com (Insider link) and Chris Mannix of SI.com compiled for college basketball’s opening day, though disagreement exists beyond that. Ford has Kentucky center Skal Labissiere, Croatian power forward Dragan Bender and Duke small forward Brandon Ingram as his next three, while Mannix’s list goes Ingram-Labissiere-Bender.
Simmons isn’t the next LeBron James, but his game is stylistically similar to the four-time MVP’s, as Jeff Goodman of ESPN.com writes in an Insider-only piece that draws comparisons between some of the top prospects and their NBA counterparts. Labissiere is like LaMarcus Aldridge and Ingram resembles Tayshaun Prince, Goodman posits.
Nicolas Batum and Marvin Williams, a pair of Hornets poised to become free agents next summer, are off to strong starts, as Lang Greene of Basketball Insiders observes in a story that looks at 15 soon-to-be free agents and how they fared during the season’s first two weeks.

Northwest Notes: Taylor, Leonard, Mudiay, Huestis

November 13th, 2015 at 11:15am CST by Chuck Myron

The idea that Timberwolves owner Glen Taylor is looking to sell a minority interest in the team is “old news,” as Taylor put it in a comment to Darren Wolfson of 1500 ESPN Twin Cities, confirming that he’s had contact with Steve Kaplan, with whom he’s reportedly engaged in serious talks (All four Twitter links). Taylor said he’s also spoken to others, but some of them want to move the team and Kaplan doesn’t, Wolfson points out. Kevin Garnett is interested in someday owning the Wolves, but Taylor refused comment on any potential involvement for KG, Wolfson relays. Kaplan would really prefer to become a majority owner, but with few teams on the market, it makes sense that he would buy a smaller stake and position himself to purchase the controlling interest later, observes Jon Krawczynski of The Associated Press (on Twitter). See more from the Northwest Division:

The dislocated shoulder that Meyers Leonard suffered in Wednesday’s game will probably sideline him for at least four weeks, and it’s conceivable that he ends up having surgery that would knock him out for the season, an orthopedic surgeon without ties to Leonard or the Trail Blazers told Jason Quick of CSNNW.com. The Blazers have yet to release an official timetable for the big man, who recently turned down a “considerable” extension offer to set up restricted free agency next summer.
Bucks coach and one-time legendary point guard Jason Kidd believes the Nuggets scored with their pick of Emmanuel Mudiay at No. 7 in this year’s draft, predicting that Mudiay will be better than he was, notes Christopher Dempsey of The Denver Post. “He’s better already,” Kidd said. “Being able to run an NBA team at 19 is not easy. You look at some of the greats — Magic [Johnson] was able to do it. And you’re looking at this kid Mudiay, who has the opportunity to do something special. So, I would encourage him to be better than me, and I think he will be at the end of the day.”
The Thunder have assigned Josh Huestis to the D-League, the team announced. Huestis spent last season in the D-League in an unusual draft-and-stash arrangement, but this time, he’ll continue to draw NBA paychecks while in the D-League after signing with the Thunder on a rookie scale contract this past summer.

And-Ones: D-League, Printezis, Taylor

November 12th, 2015 at 10:27pm CST by Eddie Scarito

NBA D-League president Malcolm Turner says the NBA is moving closer to a 30-for-30 model that would provide each NBA team with its own D-League affiliate, and Turner believes that it is a goal that could be realized within the next five years, Jeff Zillgitt of USA Today writes. “All those NBA teams who currently don’t have a D-League team, we’re in active conversations with all of them,” Turner said. “Each team is at varying stages in terms of interest, and we’re trying to prioritize actionable interest and opportunities we can act on now. We’re already working on the pipeline of opportunities for 2017/18 and beyond. One of the reasons we’re focused on them so far in advance is 30-for-30 is our No. 1 initiative and we feel like we’re now within striking distance of achieving that goal.”

Turner also acknowledged that increasing player salaries in the D-League to be more competitive with overseas clubs is an important part of allowing the league to grow, Zillgitt adds. “As we grow, we obviously have additional player rosters to fill,” Turner continued. “We want to make sure we’re adding more and better talent to the league rather than less. We are taking a look at any and all opportunities to enhance our value proposition for talent. We’re in the market for top talent to fill our rosters and assessing our overall business accordingly. We have a bright future, and we’re working very hard to realize those opportunities.”

Here’s more from around the league:

Wolves owner Glen Taylor is engaged in serious talks to sell approximately 20% ownership of the franchise to a group led by Grizzlies minority partner Steve Kaplan, Adrian Wojnarowski of Yahoo Sports reports. The group’s motivation for purchasing a minority share is that it hopes to position itself to buy the majority stake if Taylor decides to sell the franchise in the future, Wojnarowski adds.
Greek power forward Giorgos Printezis, whose draft rights went from the Hawks to San Antonio in July as part of the Tiago Splitter trade, is on the Spurs‘ radar, though at 30 years old he is running out of time if he wishes to make the jump stateside, Aris Barkas of Eurohoops.net writes. “It was good to meet with Giorgos. We traded for his rights last summer and this was the first time I got to spend some time with him. I have never met him before,” said Spurs GM R.C.Buford, who recently scouted the player in Athens. Printezis’ contract with Olympiacos runs through the summer of 2017, according to Barkas. As for the chances of seeing the forward in San Antonio at that point, Buford told Barkas, “I think that a part of this decision belongs to him. For sure we will be following him and if our needs fit his needs, then we will see what happens.”
The Bucks, who are currently without their own affiliate, are willing to invest in a D-League team, and the franchise will meet later this month to discuss the possibilities, Zillgitt tweets.

Bryan Colangelo, Grant Hill, Others Eye Hawks

January 8th, 2015 at 2:39pm CST by Chuck Myron

2:39pm: Itzler is teaming with brokerage firm founder Steven Starker and has “extreme interest,” though he cautioned that it’s just preliminary, as he told Scott Soshnick and Zeke Faux of Bloomberg.com. Vivlamore reported Wednesday (below) that Itzler was seeking only a minority share.

2:22pm: Bryan Colangelo is part of the group with Hill and Bridgeman, Aldridge clarifies (on Twitter).

THURSDAY, 2:19pm: Hill and fellow former player Junior Bridgeman are teaming up to try to purchase the Hawks, with Jerry Colangelo, Bryan’s father, acting a “senior advisor” to them, TNT’s David Aldridge reports (Twitter link). It’s unclear if Bryan is a part of the Hill-Bridgeman group. The Hawks officially put the entire team as well as Phillips Arena up for sale today, the club announced via press release.

WEDNESDAY, 10:29am: Former Suns and Raptors GM Bryan Colangelo, Grizzlies minority owner Steve Kaplan and casino mogul Sheldon Adelson are some of those who’ve expressed interest in purchasing the Hawks, reports Chris Vivlamore of the Atlanta Journal-Constitution. Grant Hill is also in the mix, Vivlamore hears, confirming earlier speculation. The owners of Atlanta’s WNBA team, Kelly Loeffler and Mary Brock, also hold a level of interest in bidding for the Hawks, along with their husbands, Jeffrey Sprecher and John Brock, as they recently told Maria Saporta of the Atlanta Business Chronicle for a subscription-only piece (hat tip to Vivlamore).

Colangelo appeared to be linked to a group of Chicago-based investors who came up short in a bid for the Bucks last year, and he was also reportedly a candidate for Cavs and Pistons front office jobs in the spring. Hawks GM Danny Ferry is on an indefinite leave of absence. Kaplan’s role within the Grizzlies hierarchy reportedly shrunk during the team’s reorganization this past offseason.

Jesse Itzler, whom Grantland’s Bill Simmons identified Monday as a “name to watch” in regard to the sale of the Hawks, is currently interested only in a minority share, sources tell Vivlamore. Simmons also reported that investors Chris Hansen and Thomas Tull are mounting separate bids to buy the team and move it to Seattle, but it appears unlikely they’ll be allowed to relocate the franchise. The NBA’s stance has been that it will only consider moving a team if the market has essentially given up on the club, and that’s not the case in Atlanta, as Steve Kyler of Basketball Insiders points out via Twitter.

Former players Dominique Wilkins, Dikembe Mutombo and Chris Webber, former Grizzlies CEO Jason Levien and attorney Doug Davis are others who reportedly have interest in purchasing the Hawks, though some would probably have to find partners to have control over a majority stake. The three ownership groups who currently own the Hawks have all agreed to sell, and the team is set to officially go on the market in a matter of days, according to Vivlamore. The purchase price is likely to end up on the low end of a range between $750MM and $1 billion, as Grantland’s Zach Lowe reported last week.