#nba

You pay $150 billion for that, and it’s a lot of risk. You might never make any money. The Clippers make money, and they’re going to make more money. As a multiple of earnings, you’re paying less than you are for almost every tech stock. You have very limited downside because there will never be more than two teams in Los Angeles.
Steve Ballmer, comparing investing his money in the Los Angeles Clippers versus tech stocks.

Reading this, you’d think Cleveland is the luckiest city in the world of sports. Until you realize that they haven’t won a championship in any major sport in 50 years…

Still, pretty insane how lucky they had to be in order to pull off this Love trade. Also, for tennis fans, that fact that Love will be wearing number 0 is perfect.

It sure looks like the Cavs are about to trade for Kevin Love (when they can in a couple weeks). And if they do, Nate Silver is now projecting them to go 65-17 next year.

Silver:

Either way, the trade should make Cleveland a championship contender. Before adding Love, it projected to a win total in the low-to-mid 50s. A team like that will win the NBA title less than 5 percent of the time. By comparison, a team with 60 regular season wins will win the title about 20 percent of the time, and a 65-win team will win the title about 60 percent of the time.

If that happens, LeBron James should win the ‘GM of the Year’ award.

Brian Windhorst looking into the notion that LeBron James may have a photographic memory:

"When we were growing up we used to play this fighting game on the Sega Genesis called Shaq Fu," says Brandon Weems, James’ lifelong friend. "LeBron was the only one who had memorized all the moves and so he’d win every time. We all thought he definitely was cheating."

I’m not sure which is more surprising: that LeBron memorized all the moves in Shaq Fu, or that LeBron was playing Shaq Fu at all.

Ira Boudway on Steve Ballmer’s attempt to by the Los Angeles Clippers for $2 billion:

Ballmer, as the numbers show, is offering more than any previous NBA buyer—and more than any buyer would pay for an asset with this caliber of financial performance. Over the last five years, according to Bank of America, NBA teams have sold for an average of 3.4 times their annual revenue. Ballmer’s bid comes in at 12.1 times an estimated annual revenue of $164.9 million for the year ended in June. In other words: Donald Sterling’s hypothetical $5 billion buyer doesn’t exist, and there’s probably nobody other than Ballmer willing to go as high as $2 billion.

Poor Steve Ballmer. Not literally, of course. But he just can’t seem to catch a break when it comes to his pursuit of an NBA team.

LeBron James:

Before anyone ever cared where I would play basketball, I was a kid from Northeast Ohio. It’s where I walked. It’s where I ran. It’s where I cried. It’s where I bled. It holds a special place in my heart. People there have seen me grow up. I sometimes feel like I’m their son. Their passion can be overwhelming. But it drives me. I want to give them hope when I can. I want to inspire them when I can. My relationship with Northeast Ohio is bigger than basketball. I didn’t realize that four years ago. I do now.

As someone from Cleveland, I find this to be a pretty perfect letter. As bad as LeBron’s “Decision” was four years ago, that’s as good as this is.

Arash Markazi:

Even worse than being named after a sailing ship that has been out of commission since the 19th century is the Clippers’ logo. It’s a knockoff of the Lakers’ logo, which was introduced when Sterling took over the team in 1982 with an eye toward relocating the team to Los Angeles.

It’s the sports version of opening up McDowell’s across the street from McDonald’s.

It basically looks like Sterling showed the Lakers logo, which had been around since 1960, to someone and asked for it to be copied as best as it possibly could without getting him sued for copyright infringement.

Agreed on both the name change, and the ridiculous logo. But what should Steve Ballmer rename them to?

Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke. Don’t make a ‘Clippy’ joke.