|NBA working toward solution for economic issues||07.14.09 at 11:34 pm ET|
LAS VEGAS – NBA players may be viewed as superstars, but that doesn’t mean the league is immune from the same economic problems faced around the country.
On Tuesday, the NBA held a Board of Governors meeting in Las Vegas to address its financial issues and concerns. Commissioner David Stern said less than half of the teams made a profit in the 2008-2009 season. Now, the league is working to combat the slide.
In response, Stern has appointed a Labor Relations Committee consisting of league executives, a group that includes Celtics co-owner Wyc Grousbeck. This select group will participate in a meeting on Aug. 4 with the National Basketball Players Association Union’s executive committee.
Stern said it is important for the players to be aware of the financial state of the league, as they are impacted by the decreased salary cap and increased luxury tax.
‘We would very much like to begin these negotiations on a positive note of complete disclosure of financials and the readiness to provide more,’ he said, ‘Because that will lead us together to look for a good agreement moving forward that will continue to pay our players, which is the what is the largest average salaries in the history of professional sports, while at the same time return our teams to profitability.’
After projecting a 10 percent drop in ticket revenue and experiencing less interest in sponsorship opportunities, the NBA will focus on new revenue opportunities. The league will hold also hold workshops on the best practices for increasing profits.
In the meantime, teams around the league are getting creative to build championship contenders. Rather than shelling out millions for stars, organizations are opting for trades instead of max contracts.
‘In some ways, you can’t sign free agents because only four teams were under the cap, so you have to have trades. That’s just is the way it’s going to happen,’ Stern said. ‘You’ve got to be imaginative to get these things like these four-team trades that I have to sit down and have someone explain to me with large charts so I can understand what happened. So that’s ongoing.’
The reality is that not every team will be able to pull off a blockbuster deal. The league is working toward new rules and regulations that will allow its organizations to thrive in this market.
‘We want our teams to be competing,’ Stern said.
|Sounds of Sheed||07.09.09 at 10:16 pm ET|
WALTHAM – From the ’18′ on the backboard shot clock above the dais to the ’20:10′ on the clock with the number ’30′ on scoreboard, the Celtics practice facility was decked out on Thursday for the arrival of Rasheed Wallace.
It was arguably the most significant press conference held at Healthpoint, as the Big Three introductory presser of July 2007 was at the Garden.
Eight people were on the dais at that presser as opposed to the to six on Thursday.
Once all the parties sat down, they shared their thoughts on the newest member of the Celtics after he agreed to a three-year deal.
Here’s some of the highlights, in audio form.
|Pierce sees great things in Wallace, Celtics||at 8:58 pm ET|
Pierce couldn’t help but think back two summers ago when coming off a 24-win season, the Celtics went out and acquired Ray Allen and Kevin Garnett, leading to a 66-win, NBA Championship campaign 11 months later.
Pierce was up on the dais with Allen and Garnett and had similar thoughts dancing through his head.
“It started two years with Ray and Kevin and I just think with getting Rasheed, it just gives you an extra boost of energy,” Pierce said. “Even the last few weeks, it’s hard for me to stay out of the gym. I’ve been coming in, working out, picking up the ball here and there. Just making sure that I’m ready for the upcoming season because I’m excited with the moves that we made.” Read the rest of this entry »
|Rubio to stay in Spain?||06.25.09 at 11:50 pm ET|
Leading up the Draft Night there was chatter of Ricky Rubio’s preference to play in a big market. Minnesota certainly isn’t one, and now the flashy point guard may return to Spain.
Rubio’s father, Esteve, told the MARCA.com in Spanish, “With this pick, it is possible that Ricky will play a year or two more in Europe.”
He added, “He can still go, he can stay a year … and until two. Everything is open, although the most probable is continuing in Europe for some time. We have to talk with the people in Minnesota … and to see what happens, because, at this time, we can be in Minnesota or in another place.”
The Timberwolves selected Rubio with the fifth overall pick in Thursday’s draft. They took another point guard, Jonny Flynn, with the following pick.
Rubio noted on his Twitter page, “Ser el #5 del draft es increÃble. ¡Estoy muy contento! Be the 5th pick in the NBA draft is incredible. ¡I’m very happy!”
|High flying action to hold you over||06.03.09 at 12:32 am ET|
After non-stop hoops through the first three rounds of the playoffs, the stretch before Game 1 of NBA Finals can seem like four weeks rather than four days. The good news is, there is still some high flying action to enjoy before the Los Angeles Lakers and Orlando Magic get underway on Thursday,
The NBA and Sprite are searching for the best dunker to compete in the Sprite Slam Dunk Showdown during the 2010 All-Star Weekend. Contests are being held in eight cities around the country and each winner will receive $1,000. In addition, LeBron James and a panel of judges will select two winners from a pool of online video submissions.
Once those 10 dunkers have been selected, fans will vote on four contestants to go to Dallas for All-Star Weekend and compete for $10,000 and a spot in the 2010 NBA Slam Dunk Contest.
Click here to watch the winners from Atlanta, Los Angeles, Portland, and San Francisco. Check out the Bay Area’s winner, Guy Dupuy, who throws down a windmill over six people. Submit your own videos at www.nba.com/dunk.
|Doc on Manny: That’s shocking and disappointing||05.07.09 at 2:04 pm ET|
WALTHAM – Celtics coach Doc Rivers is not just an NBA head coach, he is a huge sports fan. And when news broke Thursday that Manny Ramirez had been suspended 50 games for testing positive for a performance-enchancing substance, he reacted just like a sports fan.
“It’s disappointing, it really is,” Rivers said before his team’s film session. “It’s the baseball whole thing and that’s obviously a part of it right now. I don’t know. That’s shocking and disappointing.”
But Rivers didn’t stop there. He battles with the issue much like every sports fan does, trying to weigh what matters to fans and what’s in the best interest of the sport. Read the rest of this entry »
|No practice for weary Celts||05.01.09 at 9:38 am ET|
Not surprisingly, the Celtics will not practice on Friday after getting back in the middle of the night from Chicago following one of the most dramatic playoff games in NBA history. The next time the Celtics take the court will likely be a shootaround at their Waltham practice facility on Saturday morning.
The busiest part of the day for the Celtics may be at the ticket office as ducats for Saturday night’s Game 7 go on sale at 11 a.m. today. A limited number of tickets are available at Celtics.com, 1-800-NBA-4TIX or at the TD Banknorth Garden box office.
Game 7 between the Celtics and Bulls tips off at 8 p.m. Saturday at the Garden.