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Suns Minority Owners Accuse Ishbia Of Using Team As ‘Personal Piggy Bank’

November 24th, 2025 at 9:39pm CST by Luke Adams

In a legal filing in Delaware State Court, Suns minority owners Andy Kohlberg and Scott Seldin allege that majority owner Mat Ishbia is using the team as his “personal piggy bank” and is hiding details about his spending, according to reports from Doug Haller and Mike Vorkunov of The Athletic and Baxter Holmes of ESPN.

It’s the latest development in a legal battle between the various Suns shareholders. Kohlberg and Seldin sued the Suns and Ishbia in August, with Ishbia filing a countersuit against the pair of minority owners in October. This legal filing is a response to Ishbia’s countersuit.

“Ishbia does not own the Suns to make money for the company but he does operate it as a personal fiefdom for his own personal gain and for the benefit of his other businesses, including his mortgage company United Wholesale Mortgage,” the latest filing states. “The reality is that Ishbia is using the Suns as his personal piggy bank, including through a lengthy list of conflicted transactions — only some of which the minority owners are aware of.”

As The Athletic and ESPN relay, the allegations Kohlberg and Seldin make against Ishbia in the filing include:

Extending a loan to the Suns at an interest rate that was far above the going market rate.
Selling naming rights to the Suns’ arena to his own mortgage company without disclosing the details.
Leasing the Phoenix Mercury’s practice facility from himself without disclosing the details.
Establishing an entity called the “Player 15 Group” that allegedly holds assets which should rightfully belong to the Suns.
Turning the Suns and Mercury into money-losing teams while profiting through United Wholesale Mortgage.

Kohlberg and Seldin also specifically cite a pair of capital calls that took place in June and July of 2025, contending that Ishbia set up those capital calls in the hopes of diluting their shares in the team, which could have happened if they didn’t pay within a 10-day window. The two minority owners contributed the necessary capital in each case, but they say Ishbia didn’t pay his own shares by the deadline and attempted to hide it by using a debt-to-equity conversion to make up the difference.

According to Kohlberg and Seldin, they should have been given the opportunity to buy the shares Ishbia didn’t fund himself, which would have allowed them to take control of a larger stake in the franchise.

“In other words,” the filing states, “Ishbia blundered into the very trap he set for the minority owners and faced a devastating dilution of his ownership interest if his failure was discovered — a failure that would wipe off his net worth and put his continued status as an NBA team owner and governor in jeopardy.”

Ishbia, who has bought out the rest of the Suns’ minority owners since assuming majority control of the team in 2023, denied the allegations through a spokesperson.

“This isn’t a lawsuit; it’s a shameless shakedown dressed up as legal process,” Ishbia’s spokesperson said in a statement. “From day one, Mat Ishbia was transparent that he was going to do things differently. Contrary to how the team was previously managed, Mat made it very clear he would invest significantly into the Suns and Mercury. He told all the investors that they could step up with him or sell their stake and step aside. Kohlberg and Seldin stayed in and now they’re trying to freeload off the value Mat created.

“Kohlberg and Seldin want to drag the organization backward, and they openly admit in this filing that investing in the team and its fans ‘makes no business sense.’ They are advocating neglect. They are free to sell their shares in the open market and if they don’t, they should be prepared to lose this lawsuit and participate in Mat’s continued investments in the teams and community.”

Ishbia and his representatives have previously argued that his investments in the team have helped bump the value of the Suns from $4 billion to $6 billion since he took over as the majority owner. Ishbia said in the latest episode of The Draymond Green Show that Kohlberg and Seldin “can sell if they want” and should appreciate the fact that the franchise valuation is on the rise.

“I told them, ‘Instead of suing me, why don’t you just write me a letter and say thank you? Your investment is worth more,'” Ishbia said (Twitter video link).

Thunder Notes: Cap Outlook, Draft, Jay. Williams, Sorber

November 24th, 2025 at 8:11pm CST by Luke Adams

The second tax apron is unlikely to break up the Thunder anytime soon, according to Keith Smith of Spotrac, who evaluates the defending champions’ salary cap situation going forward.

As Smith writes, while the Thunder will have three maximum-salary players on their roster starting next season, Jalen Williams and Chet Holmgren will be on the smallest of the max deals (starting at25% of the cap instead of 30% or 35%), while Shai Gilgeous-Alexander‘s new super-max extension won’t go into effect until 2027/28.

Oklahoma City has also done a good job maintaining flexibility around its stars, Smith notes. Several role players are on contracts with declining structures, while Isaiah Hartenstein and Luguentz Dort are likely to have their 2026/27 team options turned down in favor of more team-friendly deals.

If the Thunder had to part ways with Hartenstein or Dort for financial reasons, it would be a tough loss, but the front office has consistently brought in young players like Cason Wallace, Ajay Mitchell, Nikola Topic, and Thomas Sorber, who could take on larger roles down the road if needed, Smith observes. Oklahoma City is also in position to continuing adding premium talent to its roster going forward — the club could have as many as four first-round picks in the 2026 draft.

Here’s more on the Thunder:

Justin Martinez of The Oklahoman takes a closer look at the Thunder’s potential 2026 first-round picks, considering which ones will change hands and which will be the most valuable. We covered similar ground in our latest Front Office article, noting that the Jazz front office will probably do all they can to try to hang onto their top-eight protected pick, but the Thunder could still have two valuable first-rounders from the Clippers and Sixers. Oklahoma City will also likely end up with Houston’s first-rounder.
Thunder big man Jaylin Williams, who is in the first season of a three-year, $24MM extension, is struggling to score efficiently this fall, shooting just 34.5% from the floor and 30.7% on three-pointers. However, head coach Mark Daigneault raved after Sunday’s win over Portland about all the other ways in which Williams contributes. “He’s just a total team guy,” Daigneault said, per Martinez. “He does all of the things that are investments in the team. He’s a great ball mover. He’s a great screen setter. He’s a great communicator. He’s a great block-out rebounder who takes charges. He does all of the dirty work that teams need, and he embraces that. I think that’s one of the reasons he has such respect in the locker room. It’s because of his commitment to those things. Guys don’t take that for granted when it comes to him.”
In another story for The Oklahoman, Martinez explores how Sorber, this year’s No. 15 overall pick, is building chemistry with his Thunder teammates despite being ruled out for the season due to knee surgery. “He fits the energy of the team,” Isaiah Joe told Martinez. “He always has a positive attitude. It’s just all love. He talks to everybody. He greets everybody. He’s got a great spirit. And he’s really hungry to not only be around us in the locker room but out there on the floor with us. It shows great signs.”
In case you missed it, Jalen Williams is no longer eligible to make an All-NBA team or win any other postseason awards in 2025/26, locking in his rookie scale extension at 25% of the 2026/27 salary cap.

Details On NBA Cup Prize Money For 2025

November 24th, 2025 at 7:00pm CST by Luke Adams

The group stage of the NBA Cup will wrap up later this week, with teams playing their final round robin matchups on Tuesday, Wednesday, and Friday. By the time Friday’s games are complete, seven teams will have joined the Raptors in advancing to the knockout round of the league’s in-season tournament.

The prize money for the players whose teams make the NBA Cup quarterfinals has once again increased in the third year of the event. According to Colin Salao of Front Office Sports, the bonuses for 2025 are as follows:

Players on the team that wins the NBA Cup: $530,933 apiece
Players on the team that loses the NBA Cup final: $212,373 apiece
Players on the two teams that lose in the NBA Cup semifinals: $106,187 apiece
Players on the four teams that lose in the NBA Cup quarterfinals: $53,093 apiece

When the Lakers won the inaugural in-season tournament in 2023, those figures were $500K, $200K, $100K, and $50K, respectively. The NBA’s Collective Bargaining Agreement calls for the prize money to increase annually at the same rate that the league’s basketball-related income (BRI) grows. That growth rate was about 3.1% this past year.

A player on a standard contract whose team makes the knockout round of the NBA Cup will earn a full bonus share, while a player on a two-way deal receives a half share. That means the two-way players on this year’s in-season tournament champion will claim bonuses worth $265,467 each.

While these bonuses are a drop in the bucket for the league’s highest-paid players, they represent a significant raise for players earning the minimum or close to it. Last season, when Milwaukee won the NBA Cup, there were 12 Bucks players (including two-ways) whose total earnings for the year increased by more than 17% as a result of the prize money.

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Hoops Rumors Originals

Lakers To Sign Drew Timme, Waive Christian Koloko

November 24th, 2025 at 6:28pm CST by Rory Maher

November 24: Confirming the Lakers’ plan to sign Timme to a two-way contract, Shams Charania of ESPN reports (via Twitter) that the team is waiving Koloko to create an opening for the newcomer.

November 21: The Lakers plan to sign free agent big man Drew Timme to a two-way contract, according to Brett Siegel of ClutchPoints (Twitter link).

Los Angeles’ three two-way spots are currently occupied by Nick Smith Jr., Christian Koloko and Chris Manon. Siegel hears Smith won’t be the odd man out, so either Koloko or Manon will be released to make roster space for Timme.

Timme, who had a decorated college career at Gonzaga, went undrafted in 2023 and spent most of his first two post-college seasons in the G League. The Nets signed him to a two-year standard contract in late March after a strong 2024/25 regular season with Brooklyn’s affiliate team in Long Island.

The Nets picked up their $1,955,377 option on Timme in late June, but his salary was fully non-guaranteed, and they wound up waiving him during the preseason. The 25-year-old forward/center averaged 12.1 points, 7.2 rebounds and 2.2 assists in nine appearances (28.2 minutes per game) with Brooklyn down the stretch last season. His shooting line was .441/.257/.625.

Timme, who put up big numbers for the Nets in Summer League (25.3 PPG, 8.0 RPG, 2.7 APG and 1.0 SPG in three games), has been playing for the NBAGL’s South Bay Lakers to open 2025/26. In four Tip-Off Tournament games (34.1 MPG) this fall, he has averaged 28.3 PPG, 6.5 RPG, 4.5 APG and 1.5 SPG on .481/.240/.762 shooting.

Manon, an undrafted rookie out of Vanderbilt, has made two garbage-time appearances with the Lakers this fall. The 23-year-old wing has been highly productive in four games (33.4 MPG) with South Bay, averaging 18.8 PPG, 7.8 RPG, 2.5 APG on .458/.500/.789 shooting. He currently leads the G League in steals per game (3.5) and is tied for fourth in blocks per game (2.8).

Koloko, a third-year center, has also made a pair of garbage-time appearances with L.A. this season after getting into 37 games in 2024/25. He averaged 2.4 PPG and 2.5 RPG in 9.2 MPG last season for Los Angeles.

Injury Notes: Warriors, Davis, Barrett, Sixers, Collins, Pacers

November 24th, 2025 at 5:58pm CST by Luke Adams

The Warriors will be without three important frontcourt players on Monday against Utah. In addition to center Al Horford, who will miss at least a week due to right sciatic nerve irritation, and forward Jonathan Kuminga, who has been unavailable since November 12 due to bilateral knee tendonitis, Draymond Green has been ruled out for Monday’s game due to a right foot sprain, per Anthony Slater of ESPN.

Green was listed as questionable before being downgraded to out, which may be a sign that his injury isn’t considered significant. Of course, Kuminga’s knee soreness also wasn’t intially viewed as a cause for much concern, but he’ll miss a sixth straight contest on Monday and his return isn’t necessarily imminent.

The Warriors had hoped he’d be able to practice on Sunday, but that didn’t happen, according to Slater, who adds that imaging on Kuminga’s knees came back clean, showing no structural damage.

“He said he’s not moving that well, so I can’t tell you what the outlook is,” head coach Steve Kerr said on Sunday. “He needs to feel better and be able to move better before we can put him out there.”

We have several more injury updates from around the NBA:

Mavericks big man Anthony Davis will miss a 14th consecutive game due to a left calf strain on Monday, but head coach Jason Kidd said the plan is for Davis to take part in practice on Wednesday, writes Grant Afseth of Dallas Hoops Journal. Assuming Davis practices without a setback, his return shouldn’t be far off, Afseth notes.
The imaging results on RJ Barrett‘s sprained right knee “look promising,” according to Raptors head coach Darko Rajakovic (Twitter link via Josh Lewenberg of TSN.ca). Barrett is out for Monday’s game vs. Cleveland but seems to have avoided a serious injury and is being considered day-to-day.
Sixers rookie VJ Edgecombe (left calf tightness) will miss a second consecutive game on Tuesday vs. Orlando, but center Joel Embiid (right knee injury management) has been upgraded to questionable, tweets Kyle Neubeck of PHLY Sports.
The Bulls are hopeful that Zach Collins (left wrist surgery) will be able to practice with contact this week, according to Joel Lorenzi of The Athletic (Twitter link), who says Collins has a chance to return during the team’s post-Thanksgiving road trip that begins on Friday and runs through next Monday.
Pacers guards Johnny Furphy (left ankle sprain) and Quenton Jackson (right hamstring strain) could be back in action within the next couple weeks, head coach Rick Carlisle said today (Twitter links via Dustin Dopirak of The Indianapolis Star). Carlisle added that rookie Kam Jones has recovered from his back injury, but is still in the ramp-up process and could play for the Noblesville Boom in the G League before making his NBA debut.

Pelicans Share Injury Updates On Herb Jones, Jordan Poole

November 24th, 2025 at 4:54pm CST by Luke Adams

Pelicans forward Herbert Jones has been diagnosed with a mild right calf strain, the team announced today (via Twitter).

According to the Pelicans, Jones will be reevaluated in approximately one week. That timeline suggests he’ll be sidelined for upcoming games against Chicago (Monday), Memphis (Wednesday), Golden State (Saturday), and the Lakers (Sunday), and could remain on the shelf beyond that.

Jones, an All-Defensive first-teamer in 2023/24, was limited to just 20 appearances last season due to a shoulder injury, but got healthy in time for the start of the ’25/26 campaign. He was in the Pelicans’ starting lineup for their first 16 games, averaging 9.5 points, 3.8 rebounds, 2.3 assists, and 1.4 steals in 30.3 minutes per contest, with a .390/.362/.739 shooting line.

Saddiq Bey, who previously stepped into New Orleans’ starting five when Zion Williamson was out with a hamstring strain, is a candidate to take Jones’ spot in the lineup. Rookie Micah Peavy should also play an increased role — with Jones and Williamson both inactive on Saturday vs. Atlanta, Peavy made his first career start and logged a personal-high 27 minutes.

The Pelicans also shared a more positive injury update, announcing that guard Jordan Poole has been cleared to resume on-court basketball activities. Poole has missed the past 10 games due to a mild quad strain.

The Pelicans didn’t provide a specific timeline for Poole’s return, simply stating that his return to play progression will be “updated appropriately.” However, barring a setback, Poole shouldn’t require a lengthy ramp-up period, so could be back in the relatively near future.

In his first seven games with New Orleans this fall, Poole averaged 17.3 points, 3.4 assists, and 1.7 rebounds in 30.3 minutes per night, shooting just 35.4% from the floor (33.9% on three-pointers).

Eastern Notes: Pistons, Markkanen, Banchero, Donaldson, Queta

November 24th, 2025 at 4:04pm CST by Luke Adams

Rival executives have frequently mentioned Jazz forward Lauri Markkanen as an ideal trade target for the Pistons, according to Jake Fischer of The Stein Line (Substack link), who suggests that there are a number of reasons why Markkanen and Detroit would be a logical match.

As Fischer writes, the Pistons explored the market for floor-spacing big men over the summer, with Naz Reid, Myles Turner, and Santi Aldama among the players they considered pursuing at the time. Head coach J.B. Bickerstaff also coached Markkanen in Cleveland. And Pistons head of basketball operations Trajan Langdon wanted to go after Markkanen in restricted free agency in 2021 when he was working under David Griffin in New Orleans’ front office, sources tell Fischer.

Still, as Fischer points out, Langdon has projected patience both publicly and privately, so it would come as a bit of a surprise if his front office looks to make a massive in-season move on the trade market. Fischer also hears that the Jazz would likely seek Ausar Thompson in any deal involving Markkanen and says the Pistons have no interest in moving the promising third-year wing. Sources tell The Stein Line that Utah considered trading up for Thompson during the 2023 draft.

Here’s more from around the Eastern Conference:

The Magic have ruled out Paolo Banchero for a seventh straight game on Tuesday vs. Philadelphia, tweets Jason Beede of The Orlando Sentinel, but the star forward believes his return isn’t far off. “I think I’m in a good spot, just doing some movement stuff,” Banchero told Beede prior to Sunday’s loss in Boston. “The groin feels really good so the recovery’s been going well. … I’m definitely, pretty close. I don’t know when but definitely feeling close.”
The WNBA’s Portland Fire have hired Brittni Donaldson as an assistant coach and assistant general manager, as Sean Highkin of the Rose Garden Report relays (via Twitter). Donaldson, who spent two seasons on Quin Snyder‘s coaching staff as an assistant from 2023-25, took on a front office role this fall entering her third year with the Hawks. Her title was director of basketball development, methodology, and integration.
While it might be an overstatement to say that Neemias Queta is the Celtics‘ most irreplaceable player, it’s not entirely outrageous, according to Chris Forsberg of NBC Sports Boston. Queta has been Boston’s starting center for all 17 games so far this season and the team has outscored opponents by 16.4 points per 100 possessions when he’s on the court. When he’s not playing, the Celtics are being outscored by 4.6 points per 100 possessions. After Queta left Sunday’s game with an ankle injury, Forsberg examines the Celtics’ options in the event the 26-year-old has to miss time.

Gilgeous-Alexander, Mitchell Named Players Of The Week

November 24th, 2025 at 2:52pm CST by Dana Gauruder

Thunder guard Shai Gilgeous-Alexander and Cavaliers guard Donovan Mitchell have been named the NBA’s Players of the Week for the Western and Eastern Conference, respectively, the league announced today (Twitter links).

Gilgeous-Alexander led the defending champions to four wins during the week of November 17-23 while averaging 31.0 points and 6.5 assists per contest and shooting 60% from the field and 64.3% from beyond the arc. Oklahoma City was +82 in SGA’s 125 minutes on the court last week.

Gilgeous-Alexander also earned Player of the Week honors three weeks ago and is the second repeat winner of the award this season, joining Nuggets center Nikola Jokic.

Mitchell posted averages of 31.8 points, 6.3 rebounds and 5.0 assists per game as the Cavaliers went 3-1 this past week. He opened and closed the week with matching 37-point performances against the Bucks and Clippers, going 14-of-22 from the field in each of those two outings.

Santi Aldama (Grizzlies), Luka Doncic (Lakers), De’Aaron Fox (Spurs), James Harden (Clippers) and Jokic (Nuggets) were the other Western Conference nominees for Player of the Week.

Jalen Duren (Pistons), Josh Giddey (Bulls), Brandon Ingram (Raptors), Kon Knueppel (Hornets), Tyrese Maxey (Sixers), Norman Powell and Kel’el Ware (Heat), Ryan Rollins (Bucks) and Franz Wagner (Magic) were also nominated in the East.

Wizards Rookie Tre Johnson Out Multiple Weeks Due To Hip Injury

November 24th, 2025 at 2:05pm CST by Dana Gauruder

Wizards guard Tre Johnson, the sixth pick in the June draft, will miss multiple weeks due to a strained left hip flexor, Varun Shankar of the Washington Post reports.

Head coach Brian Keefe made the announcement after practice on Monday but didn’t reveal a specific timetable beyond saying that Johnson will be reevaluated in two weeks.

It’s an injury that Johnson dealt with during his lone college season with Texas. He re-aggravated it on Friday against the Raptors and didn’t play against the Bulls on Saturday. The team’s PR departments confirms the injury in a tweet.

Johnson, 19, is averaging 11.5 points, 3.0 rebounds and 1.3 assists in 24.3 minutes per game. He started in four of the team’s first 15 contests and is shooting 44.5% from the field, including 39.5% on three-point tries. He has played fewer than 20 minutes in his last three appearances.

Johnson has often been seen wearing a pad on his hip while on the bench, according to Shankar.

“It shows how tough a kid this guy is,” Keefe said. “He’s been playing through some pain but he’s continuing to push through. But after [the Toronto] game, we decided to hold him out.”

Kyshawn George, Corey Kispert and Cam Whitmore could all see an uptick in minutes with Johnson out.

Chauncey Billups Pleads Not Guilty, Released On $5MM Bond

November 24th, 2025 at 1:03pm CST by Dana Gauruder

Trail Blazers coach and Hall of Famer Chauncey Billups pleaded not guilty Monday to federal charges that he participated in and profited from rigged poker games, Philip Marcelo of The Associated Press reports. Billups was released on a $5MM bond secured by his family’s Colorado home.

Per his bond agreement, Billups must refrain from gambling and can have no contact with other defendants or alleged victims. He has surrendered his passport and can only travel to seven states, including Oregon and New York. Billups and his co-defendants, including ex-NBA player and assistant coach Damon Jones, appeared for a status conference on Monday and are due back in court on March 4.

The judge told all the attorneys at today’s proceedings that his intention is to expedite the process and start the trial by September of 2026, Ramona Shelburne of ESPN tweets.

Billups was placed on unpaid leave by the NBA after his arrest in late October, shortly after the team’s opening game. His arrest and the timeline of the case essentially assures that he won’t return to coaching for at least the remainder of this season. Tiago Splitter has been serving as the team’s interim coach in Billups’ absence.

Prosecutors said Monday that plea negotiations have begun with some defendants, according to Marcelo. Billups’ lawyer, Marc Mukasey, entered his client’s not guilty plea. They declined to comment to the media afterward.

According to prosecutors, the poker games in which Billups was alleged involved with defrauded victims of an estimated $7MM.

The arrests of Billups, Jones and Heat guard Terry Rozier, who was charged by the federal goverment with illegal activities regarding prop bets, shook up the league and the sports world just after the season began. The NBA, in response, is seeking to tighten controls regarding wagering on its games.