There’s concern around the league that NBA franchises are overvalued, in part out of worry that the union will negotiate a better deal for itself in the next collective bargaining agreement, as Sean Deveney of The Sporting News details. That “buy low, sell high” mentality helps explain why Nets owner Mikhail Prokhorov seems motivated to cash out on at least part of his majority share of the team. There’s more from Deveney’s piece pertaining to another team on the market, as we pass along here:
- Deveney also hears that Hawks owner Bruce Levenson was open to selling his controlling interest in the team even before the discovery of his racially charged email. We rounded up today’s latest on the Hawks sale right here.
- The Sixers only signed two players in free agency this year, both to minimum-salary deals, as our Free Agent Tracker shows, but co-owner Josh Harris insists he’s willing to spend in the future, notes Bob Cooney of the Philadelphia Daily News (Twitter links). “We’ve bottomed out and now together we build,” Harris said.
- Grantland’s Zach Lowe confirms that the deal that K.J. McDaniels signed with the Sixers was indeed the team’s required tender, as I speculated. Teams must offer their second-round picks a one-year, non-guaranteed contract for the minimum salary to retain their draft rights, and those are the terms that McDaniels signed for.
- Hornets rookie Noah Vonleh says he didn’t work out for Charlotte before the draft because his agent didn’t believe he’d still be available when the Hornets picked at No. 9 overall, as Vonleh tells Scott Fowler of the Charlotte Observer.