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Ted Leonsis

Lowe’s Latest: Rockets, Prince, Blazers, Heat

February 2nd, 2019 at 3:52pm CST by ChrisCrouse

The Rockets and Cavaliers had discussions about sending Brandon Knight to Cleveland along with a first-round pick in exchange for Alec Burks. However, Zach Lowe of ESPN.com hears that those talks have ceased. Houston has also spoken with the Grizzlies about potential Knight deals.

Cleveland is selling Burks, Rodney Hood, and any other “indispensable asset” prior to the deadline, Lowe writes. The team is willing to take back future salary in exchange for picks.

Houston is expected to scour the market for deals leading up to the deadline with an eye on attaching a future first-rounder to Knight and Marquese Chriss. The Rockets would likely push for lottery protections on any picks that would convey past James Harden‘s prime.

Lowe’s latest piece contains trade nuggets from several teams in the league and we’ve already passed along news from the Grizzlies’ Mike Conley and Marc Gasol sweepstakes as well as the Magic’s pre-deadline plan. Here are the rest of the newsworthy notes from the ESPN piece:

  • The Hawks have made Taurean Prince available in trade talks, sources tell Lowe. Atlanta hasn’t received a ton of traction on Prince deals because of its asking price. The organization wants a young prospect and a pick in exchange for the small forward.
  • The Blazers have put their first-rounder on the table in trade talks, sources tell Lowe. Portland has reached out about Otto Porter Jr.‘s availability, though Wizards owner Ted Leonsis previously announced that the team would not be trading Porter before the deadline.
  • Porter has drawn interest from several teams. In addition to the Blazers, the Mavericks and Jazz have kept an eye on the situation. Dallas was interested in swapping Harrison Barnes for Porter prior to the Kristaps Porzingis trade.
  • Miami appears to be willing to move anyone but Justise Winslow, Josh Richardson and Bam Adebayo for cap relief. Lowe expects the Heat to try to get at least a second-round pick for Wayne Ellington.
  • Lowe confirms a previous report that JaMychal Green, Justin Holiday, and Garrett Temple are all available. Holiday, who was acquired from the Bulls earlier this year, cost the Grizzlies two second-round picks.
  • The Kings have approximately $11MM in cap space available and they want to use it to pick up an asset. Lowe writes that it could be a draft pick or a player who will help them win this season.
  • Sacramento is willing to engage in trade talks about Willie Cauley-Stein, who will be a restricted free agent this summer. The Kings may simply let the center walk should he receive too high of an offer this offseason.
  • The Bulls are expected to listen to offers for anyone but Lauri Markkanen and Wendell Carter. Lowe doesn’t expect Chicago to deal either Kris Dunn or Zach LaVine though, as the team’s asking price is anticipated to be too high.
  • The Nuggets own a pair of trade exceptions and have slightly less than $7MM in breathing room under the tax. They are open to taking on a salary dump if another team calls and has to shed a player in that price range.
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Leonsis: Wizards Not Trading Wall, Beal, Porter At Deadline

January 31st, 2019 at 11:42am CST by Luke Adams

The Wizards have been below .500 and on the outside of the Eastern playoff picture all season, leading to speculation that the team may shop highly-paid veterans like John Wall, Bradley Beal, and Otto Porter. Asked today during a Q&A with WTOP in Washington about that possibility, however, Wizards owner Ted Leonsis dismissed the idea of a huge pre-deadline deal.

“We’re not trading any of those players,” Leonsis said of his Big Three, per Noah Frank of WTOP (Twitter link).

It’s the second major declaration this month by Leonsis, who said two weeks ago that the Wizards will “never, ever tank.” It was clear at that point that Washington planned to hang onto Beal, who has been leading the charge to get the team back into playoff position. Recent reports have indicated that the Wizards may be more open to the idea of moving Porter, but Leonsis’ comments today seem to suggest that’s not in the cards this season.

As for Wall, he’ll be sidelined for the rest of the 2018/19 campaign with a heel injury and is owed approximately $170MM over the next four years, so he has always been considered an unlikely trade candidate.

Of course, even though the Wizards don’t intend to move one of their most expensive players, that doesn’t mean they’ll stand pat at the deadline. Leonsis suggested today that the club could look to add around the edges within the next week, Frank tweets. The Wizards’ owner also noted that he views Washington’s 2019 first-round pick as a way to improve the roster for next season, adding, “I wouldn’t throw in the towel on this core.”

Leonsis avoided directly addressing the future of general manager Ernie Grunfeld, but it seems safe to assume that he’ll re-evaluate the management group if the Wizards end up in the lottery. When asked if he was happy with Grunfeld, Leonsis replied that he’s happy if the club meets its goals (Twitter link via Frank). For now, the goal is a playoff spot.

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Wizards Notes: McRae, Beal, Leonsis, Grunfeld

January 19th, 2019 at 6:26pm CST by Arthur Hill

Jordan McRae‘s 54-point outburst in the G League probably won’t get him a standard NBA contract even though the Wizards have a roster spot to fill, writes Candace Buckner of The Washington Post. McRae signed a two-way deal with Washington in September, but has only appeared in eight NBA games with minimal playing time.

With his Capital City team short-handed Friday, McRae took over the offense and poured in the most points in a G League game this season. McRae is averaging 29.5 PPG in the G League and set the league’s single-game record with 61 points in 2016.

Still, the Wizards are more likely to add a player on a 10-day contract than convert McRae’s deal, a source tells Buckner. Washington has been at 13 players since waiving Ron Baker on January 7 and has until Monday to get back to the league minimum.

Financial considerations are also working against McRae. Giving him a standard contract for the rest of the season would increase the Wizards’ projected luxury tax bill by about $1.2MM, Buckner estimates, much more than a series of players on 10-day deals.

There’s more Wizards news to pass along:

  • Bradley Beal will be one of the hottest names on the trade market if the Wizards decide to move him, and Ken Berger of Bleacher Report examines the best potential fits. A rival executive told Berger that the Raptors might be willing to offer Jonas Valanciunas, Delon Wright and a first-round pick, while the Celtics could part with Jaylen Brown, a first-rounder and either Marcus Morris or Aron Baynes and the Pacers might get involved with an offer of Darren Collison, Myles Turner and a first-rounder. Washington has denied that Beal is available, but the team’s future tax situation could affect the decision if the Wizards slip further out of the playoff race.
  • Wizards owner Ted Leonsis, who pledged earlier this week that the team will never tank, elaborates on those comments in a story by Buckner and Scott Allen. Leonsis points to the Sixers, who spent several years trying to rebuild by obtaining high lottery picks, and notes that only Ben Simmons and Joel Embiid panned out. “So, you know, that process is pretty risky in and of itself,” he said. “I don’t think you can tell players, coaches, staff: ‘Don’t make the playoffs and tank!’”
  • In the same piece, Leonsis addresses fan anger with team president Ernie Grunfeld, who has been running the organization since 2003. “You live with it every day when you own a sports team,” said Leonsis, who also owns Washington’s Stanley Cup-winning NHL franchise. “All I have to do is look at last year with the Capitals. ‘Fire the coach. Fire the GM. Trade Alex Ovechkin. Trade Nick Backstrom.’ And that turned out okay. So, yes, I see all the things on Twitter. I read everything. I’m not all that happy with our performance, but you have to make non-emotional [decisions], what’s right for the franchise, what’s right for the team.”
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Wizards Notes: Leonsis, Beal, Satoransky, Brown

November 4th, 2018 at 10:56am CST by Arthur Hill

A couple of recent comments by Wizards owner Ted Leonsis suggest he is running short on patience with the team’s 1-7 start, relays Chase Hughes of NBC Sports Washington. Leonsis, who attended Saturday’s debut game for the G League’s Capital City Go-Go, responded to a comment from NBA Commissioner Adam Silver about increased scoring around the league. “They just have to play us,” Leonsis said about teams wanting to score more points.

Leonsis was still frustrated after watching his team surrender 79 points in the first half — and 134 overall — in Friday’s loss to the Thunder. “When you score 125 points and you’re losing by 25, it usually says you need to play a little bit of defense,” he said afterward. “Right now, we really have to get a structure in place and especially defend the three-ball.”

Leonsis issued a “no-excuses” ultimatum to the organization before the start of the season, making it clear that he expected a title contender. Hughes notes that Leonsis has a right to want a return on his investment after giving the team a $133MM payroll, a highly paid head coach and a newly built, state-of-the-art practice facility.

There’s more today out of Washington:

  • The Wizards are paying the price for years of failing to make bold moves, writes Michael Lee of The Athletic. They traded away a lottery pick in 2009 and passed on the chance to get Stephen Curry; they let a team leader in Paul Pierce get away and replaced him with Jared Dudley; and they refused to admit that last year’s problems went beyond John Wall‘s extended absence with a knee injury. An unidentified scout predicts major changes in Washington once the season ends, saying, “April 9, “That’s it for these guys.”
  • All-Star shooting guard Bradley Beal says the team has to ignore the negativity in order to turn the season around, Lee shares in the same piece. Beal is putting together his best season, posting a 23.1/4.0/3.8 line through eight games, but it hasn’t translated into victories. “I’m a leader of this team,” he said. “I’ve been here for seven years. I refuse to have any type of ship sinking. I can’t let it sink without fighting.”
  • Hughes offers several suggestions for coach Scott Brooks to shake things up in a separate story. His ideas include changing the starting lineup, giving more minutes to Tomas Satoransky or rookie Troy Brown and offering Jason Smith or Thomas Bryant a chance to crack the rotation.
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Wizards Notes: Leonsis, Howard, Contracts

September 26th, 2018 at 7:28pm CST by clarkcrum

It’s been a nice year for Wizards‘ owner Ted Leonsis, reports Chase Hughes of NBC Sports Washington. The 61-year-old billionaire saw his Capitals win the Stanley Cup in June and the Wizards opened a new practice facility, the St. Elizabeth East Entertainment and Sports Arena, just last week.

So perhaps you can’t blame him when he says that there are “no excuses” for the Wizards anymore and that it’s time for the team to accomplish their goals.

“We need to raise the expectations. We have to make the playoffs. I’d like us to win 50 games. I’d like us to go to the ECF,” Leonsis told Hughes. “We have one of the highest payrolls in the league, beautiful, world-class practice facility. (The Wizards) are healthy entering the year, (so) no excuses. Let’s play ball.”

Leonsis feels that he’s done his part, giving the team the necessary resources to succeed. He also cited the Capitals recent success as proof the Wizards can reach their goals.

“We’ve proven that there is no [D.C. sports] curse,” Leonsis said. “If we are patient and work hard and are committed to continuous improvement than (the Wizards) can win a championship.”

There’s more from D.C. this evening:

  • The AP initially reported that newly-acquired Wizards’ center Dwight Howard may miss the start of training camp with a sore back, and pursuant to a tweet from the team itself, it appears as though Howard did indeed miss the first day of practice, with head coach Scott Brooks telling reporters the veteran center is day-to-day.
  • In another article for NBC Sports Washington, Hughes talks about how the Wizards are set to begin the 2018/19 season with seven players on expiring contracts, yet still believe that the added dynamic will not affect the success of the club, with players understanding that winning will raise each individual player’s value more than individual statistics could.
  • As we relayed last week, the Wizards signed both forward Lavoy Allen and guard Chasson Randle to training camp deals before beginning training camp this week.
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Wizards Notes: Leonsis, Howard, Bench, Wall

August 4th, 2018 at 6:21pm CST by Arthur Hill

At $5.337MM, Dwight Howard was too much of a bargain to pass up, Wizards owner Ted Leonsis tells Chase Hughes of NBC Sports Washington. That’s the figure Washington was able to sign Howard for after he was traded to the Nets this summer and agreed to a buyout.

“At that price, I think he was the greatest addition that we could add at that position,” Leonsis said. “Really, it all comes down to the salary cap. Dwight is paid like a max player. We are paying him the mid-level exception. … He’s at the time of his career where he’s been paid a lot of money. He’s still getting paid max money. With the buyout that [the Nets] are paying him, we’re paying him the mid-level exception.”

This marks the third straight offseason that Howard has changed teams, but Leonsis calls his perceived bad reputation a “media-generated issue.” Howard remains productive and durable at age 32, averaging 16.6 points and 12.5 rebounds in 81 games with the Hornets last season.

“He will be a great addition to the team,” Leonsis added. “He wants to be here. His skillset is what we needed; someone who can run, play defense and rebound.”

There’s more today out of the nation’s capital:

  • Leonsis is thrilled about the offseason and gives team president Ernie Grunfeld an A for his performance in rebuilding the team, Hughes writes in a separate story. In addition to landing Howard, the Wizards added depth to their bench by trading for Austin Rivers, signing Jeff Green as a free agent and drafting Troy Brown. “I thought what Ernie did this offseason is exactly what we had planned,” Leonsis said. “I think when a season ends you sit down and see what you want to accomplish. For the Wizards, it was we need to have more balance and more depth and be more prepared for injuries.”
  • Howard is responding to critics who contend his low-post style doesn’t fit in the modern NBA, Hughes notes in another story. Howard has posted Instagram videos of his offseason workout showing him shooting 3-pointers and jump shots off the dribble from the foul line.
  • John Wall is upset about the lack of loyalty the Raptors showed to his friend DeMar DeRozan, Hughes relays in yet another article. DeRozan was shipped to San Antonio as the key piece in the Kawhi Leonard trade, allegedly after being promised by GM Masai Ujiri that he wouldn’t be dealt. “In my opinion, I don’t think there was loyalty shown on DeRozan’s part,” Wall said. “This is a business and you understand that. [But] if you talk to me man-to-man, then just be honest with me. We’re all grown men.”
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Wizards Notes: Durant, Wall, Gortat, Morris

April 28th, 2018 at 8:59pm CST by Arthur Hill

The Wizards are still suffering the consequences of their decision to chase Kevin Durant when he was a free agent in 2016, writes Ashish Mathur of AmicoHoops. Washington elected to pass on a talented 2015 free agency market that included Al Horford, LaMarcus Aldridge, Marc Gasol, DeAndre Jordan, Paul Millsap and Khris Middleton because the team wanted to preserve cap room for a run at Durant.

The Wizards went a couple of steps further, hiring Durant’s former Oklahoma City coach, Scott Brooks, and bringing on David Adkins, part of the coaching staff on Durant’s high school team, as a player development assistant. Despite those moves, Durant, who grew up near Washington, never gave serious consideration to returning home and didn’t even meet with the Wizards.

There’s more Wizards news from today’s exit interviews:

  • John Wall indicated that the front office needs to shake up the roster this summer, tweets Candace Buckner of The Washington Post. Wall, who clashed with center Marcin Gortat over social media comments earlier this season, said the team needs to find “athletic bigs” for next year. “We added some pieces to help us out at times … but at the same time front office people need to figure out what really fits with the team,” Wall added (Twitter link).
  • Gortat, who is entering the final year of his contract, remains confident that he has “a lot in the tank.” (Twitter link). He said he hopes to get back to a more physical style next season and criticized small-ball lineups, which he called the “worst thing” in the NBA.
  • Markieff Morris told reporters he underwent minor groin surgery last summer in addition to the sports hernia operation that was known about (Twitter link). Morris, who missed the start of the season because of the procedures, twice said the Wizards’ problems with consistency are linked to “immaturity.”
  • Majority owner Ted Leonsis penned a thank you letter to Wizards fans on social media and praised the team for remaining competitive with Wall sidelined for half the season.
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And-Ones: Ayton, Thunder Trades, Wagering, Ball

December 4th, 2017 at 8:28pm CST by Dana Gauruder

Arizona freshman center DeAndre Ayton could be the No. 1 overall pick in June, according to Joel Brigham of Basketball Insiders. The 7’1” Ayton has proven to be a highly productive for the otherwise disappointing Wildcats, averaging 20.4 PPG, 11.4 RPG and 1.4 BPG in his first eight college games. He has a 7-foot-5 wingspan and has shown a high basketball IQ, Brigham continues. At worst, Ayton should be a top-three lock, Brigham adds.

In other news involving the league:

  • The trade packages the Knicks and Pacers received from the Thunder in blockbuster deals this offseason have proven to be far better than expected, as ESPN’s Kevin Pelton notes. Center Enes Kanter, the best player the Knicks got back in the Carmelo Anthony trade, is a good fit as Kristaps Porzingis‘ frontcourt partner, while Porzingis has thrived as a No. 1 option in Pelton’s analysis. Victor Oladipo has actually outperformed Paul George in his expanded role with Indiana, according to Pelton’s metrics. The other player the Pacers received in the deal, center Domantas Sabonis, has improved sharply while playing more often in the post than he did in Oklahoma City, Pelton adds.
  • The league and several owners have positioned themselves to cash in on expanded betting on its games, as ESPN’s Brian Windhorst examines in an in-depth piece. The league would prefer changes in current federal laws and the creation of a unified commission to oversee the expanded betting operations, Windhorst continues. The Hornets’ Michael Jordan, the Wizards’ Ted Leonsis and the Mavs’ Mark Cuban have recently invested in a company focused on real-time data distribution, which would facilitate in-game wagering, Windhorst adds.
  • Lonzo Ball‘s younger brother LiAngelo Ball has no chance of being selected if he declares for next June’s draft, according to ESPN’s Adrian Wojnarowski. LiAngelo Ball would have trouble finding a spot in any professional league, including the G-League, Wojnarowski adds (Twitter links). UCLA announced on Monday that the younger Ball intends to leave the program, Sam Vecenie of The Athletic tweets. The freshman was arrested along with two teammates in China on shoplifting charges and suspended by the school after being allowed to return to the United States.
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Laurene Powell Jobs Buying Stake In Wizards

October 3rd, 2017 at 12:53pm CST by Luke Adams

Billionaire executive Laurene Powell Jobs is set to purchase a substantial stake in Monumental Sports & Entertainment, the holding company that controls the Washington Wizards, Capital One Arena, and the NHL’s Washington Capitals. According to Thomas Heath of The Washington Post, Powell Jobs’ investment is expected to give her approximately a 20% stake in the company.

Powell Jobs, the widow of Apple co-founder Steve Jobs, is one of the wealthiest women in the world, with an estimated net worth of approximately $20 billion, per Heath. In addition to her shares in Apple, Powell Jobs also owns 4% of the Walt Disney Company, according to the Post’s report.

Powell Jobs’ investment in Monumental Sports & Entertainment will give her one of the biggest shares of the 19-member company, but Wizards owner Ted Leonsis will retain the largest share. Leonsis controls about 40% of the company, according to Heath. However, Powell Jobs’ investment should add some stability to the operation, as she has the resources to eventually purchase a controlling interest in the Wizards – and Capitals – if Leonsis wants to sell or retire.

“Leonsis retains the largest share, is majority owner, and remains chief executive,” a person close to the deal tells Heath. “Laurene was brought in for the growth and the future of the clubs. Ted will take Laurene’s counsel, and he will work to use the teams to benefit the city and the causes we all hold dear.”

The amount of money required for Powell Jobs to purchase a 20% stake in Monumental isn’t known, but it figures to be significant. Forbes’ most recent NBA valuations estimated the Wizards are worth $1 billion, but those numbers are often low — Forbes valued the Rockets at $1.65 billion and the team recently sold for $2.2 billion. Additionally, Powell Jobs isn’t purchasing just a 20% stake in the Wizards, but in Capital One Arena and the Capitals as well, so that would have to be taken into account for the sale price.

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Southeast Notes: Leonsis, Stone, Mahinmi

August 4th, 2017 at 9:00pm CST by Austin Kent

The Wizards have made no secret their plan to double down on their current core and a recent blog post from franchise owner Ted Leonsis only further documents how Washington plans to craft a winner.

The Wizards boast the youngest core of long-term signed max players, a testament to their willingness to commit to their guys, and they’re not afraid to dip into the luxury tax in order to preserve what they think is going to work eventually.

Further, Leonsis writes, the Wizards plan to invest in basketball development at all levels, citing the team’s acquisition of a G League club and plans for a new arena to house the Washington Mystics of the WNBA.

There’s more from the Southeast Division:

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