“That’s my biggest surprise coming in here. The one thing I was worried about is whether he would be able to step in after so much time (off). He looks, to me, as good as when we had him in the World Championship in ’10, when he was at full strength coming (into) an MVP year. He looks very, very good. Obviously, [when] he gets in some games it will be a little different, but it’s not like he hasn’t had success in games. He had a lot of success. He’s been the most impressive guy here.”
Displayed with permission from Value Walk
As the man is ruled mentally incapable by two doctors rejects a sweetheart deal over a further ego boost, perhaps not hitting Steve Balmer’s Clipper’s offer might be the real sign of insanity
News reports say that Donald Sterling “lost” his recent battle with his longtime wife, who wants to sell an ego boost called the Los Angeles Clippers to an overpaying Microsoft founder looking for a new toy. Is this report that he “lost” accurate, or is the Donald of the west coast delusional?
A California probate judge ruled Monday that Shelly Sterling’s deal to sell the “other” and often little recognized Los Angeles basketball team for a record can proceed. This might be a huge benefit to the elder Mr. Sterling as he should be happy to take the money and run.
Judge Michael Levanas ruled in favor of Shelly Sterling, saying that when she removed Sterling from the trust that owns the NBA team it was proper, as Donald might be a little unbalanced in his market judgments. The court ruled Shelly Sterling was within her rights to oust her husband from the trust because he was mentally imbalanced, a headline in the CNN article reads. Mrs. Sterling became sole trustee in May after two doctors determined Donald Sterling was mentally incapacitated, the report noted.
An appeal by Donald Sterling is unlikely to be successful, a CNN legal analyst noted, because it would likely be based on facts and Appellate courts are loathsome to overturn a probate judge’s decision on facts.
“His reaction is very calm,” Bobby Samini, Sterling’s attorney who benefits from a prolonged court fight, was quoted as saying. “He didn’t see this as the final battleground. This is one stage of a long war,” from which Samini is happy to fight.
As previously reported in ValueWalk, former Microsoft Corporation executive Steve Ballmer is over paying for ownership of the Los Angeles Clippers basketball team to a historic level, a bid book complied by financial experts suggests. Ballmer’s $2 billion bid is nearly double where sports financial experts had valued the team.
Steve Balmer is basking in the congratulatory glow that is akin to “winning” a “prize” at a charity auction. Everyone congratulates the winning bidder for essentially overpaying for a charity item.
“We are pleased that the court has affirmed Shelly Sterling’s right to sell the Los Angeles Clippers to Steve Ballmer,” the NBA said through spokesman Mike Bass. “We look forward to the transaction closing as soon as possible.”
In other words, take the money and run, Donald.
Pierce O’Donnell, an attorney for Shelly Sterling, said they hoped to ignore the Donald Sterling’s objections and have the sale completed by August 13.
“This is going to be a good thing for the city, for the league, for my family, for all of us,” said Shelly Sterling, who added she will still be sitting courtside next season as if to taunt his skirt chasing former husband.
The Donald of the west needs to move on, root for a new team. The Brooklyn Dodgers (or whatever that basketball team off the island is named) might want a high profile fan to sit courtside alongside movie producer Spike Lee. Who knows, he might find a new “girlfriend” in the process. There are plenty of single hedge fund guys running around in the Hamptons right now who could operate as his wing-man.
“I thought it was well-thought-out. It was classy. It was a great move to do it as a letter. That was pretty cool. It’s funny seeing guys think about more than just basketball for once. He thought about the city where he comes from, about Northeast Ohio and how he can affect so many of the kids just being there playing basketball. I love that. So many guys get criticized for making the decision that’s best for them instead of what’s best for everybody else. He’s a guy that did that. You gotta respect that. I applauded him, I texted him and told him congratulations on the decision and told him I was happy for him. As a fan of the game, it’s going to be pretty cool to see him back in Cleveland.”
With a great NBA resume and a place in the Hall of Fame as a player, Gary Payton’s name has come up for coaching work. The Glove goes on record and is “interested” in a job on the bench in the NBA.
Displayed with permission from MCT Information Services
Everyone associated with Derrick Rose’s second serious knee rehabilitation has said the process has gone smoothly.
Now, it’s finally time to publicly see the results.
Rose on Monday will be one of 18 players at USA Basketball’s five-day minicamp in Las Vegas. The week begins the process that will include a three-day August stint in Chicago and culminate with a 12-man roster traveling to Spain for the FIBA Basketball World Cup from late August to mid-September.
Rose hasn’t answered questions about his basketball performance since scoring 19 points in 33 minutes during a Bulls’ loss at Denver last Nov. 21. The next night, he tore his right meniscus on a seemingly benign backcut against the Trail Blazers in Portland, Ore.
“This is the next step,” said Bulls coach Tom Thibodeau, who also serves as Mike Krzyzewski’s assistant for USA Basketball. “Derrick has handled every step to this point the right way. The last time he participated in USA Basketball, he followed that with his MVP season (in 2010-11). So we’re hoping he can use this time productively.”
USA Basketball Chairman Jerry Colangelo and Krzyzewski typically place a high premium on previous experience in making roster decisions. So the fact Rose played on the 2010 World Championship team that won gold in Turkey is equity that could come in handy.
Still, Rose could be racing rust against elite competition. And the point guard position is stacked even with Russell Westbrook’s withdrawal. Golden State’s Stephen Curry, Cleveland’s Kyrie Irving, Portland’s Damian Lillard and Washington’s John Wall certainly will test Rose’s conditioning.
Rose, who also tore his left ACL in the first game of the 2012 NBA playoffs, has appeared in just 50 games over the last three NBA seasons.
Besides Rose and Thibodeau, Bulls’ first-round acquisition Doug McDermott and Jimmy Butler are scheduled to be in Las Vegas on the Select team that will practice against the National team.