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NBA to borrow $175 million

The Sports Business Journal (Daniel Kaplan and John Lombardo) reports: The NBA is set to borrow $175 million Feb. 26, marking one of the first league financings since the implosion of the credit markets last fall. The money, which will be available to 15 teams, supplements an existing $1.7 billion leaguewide credit facility that uses the NBA’s media contracts as collateral to secure loans for the clubs. The NBA surveyed its teams, and 15 responded they would like to tap into the new borrowing. While the league said it is pleased to borrow in an extremely illiquid credit market, the deal came at a cost, with interest rates up to 8.27 percent, hammering home the notion that the era of cheap money in sports is over. The 15 teams can use the money for any purpose, but covering operating losses may be high on the list.

InsideHoops.com editor says: Loan me three fiddy. I want some ribs.

Suns suspend Jason Richardson

The Phoenix Suns have suspended guard Jason Richardson for one game without pay for conduct detrimental to the team. The club announced that Richardson will serve the suspension in the Suns’ next game, Tuesday, Feb.17 against the LA Clippers at US Airways Center.

InsideHoops.com editor says: J-Rich needs to learn the difference between driving like a maniac in video games and doing it in real life.

Jason Richardson arrested for speeding

The AP reports: Phoenix Suns guard Jason Richardson was arrested in Scottsdale after police said he was driving 55 mph above the limit with his unrestrained 3-year-old son in the car. A Scottsdale police officer first saw Richardson driving 67 mph in a 40 mph zone Sunday night and followed him, police said Monday. That’s when the officer clocked him at 90 mph in a 35 mph zone and pulled him over… The officer saw Richardson’s son in the back seat of the car and that he was not in a child seat.

Bobcats minority owners convicted of fraud

The Charlotte Observer (Rick Bonnell) reports: A part-owner of the Charlotte Bobcats has been convicted of felony fraud in South Florida and sentenced to nine years in prison. Brothers Jorge and Carlos de Cespedes were given the maximum sentence, after an investigation of their pharmaceuticals company bilking Kendall Regional Medical Center. According to the Miami Herald, the hospital lost $5 million over 14 years because of this scheme… A source with knowledge of the Bobcats’ structure said the de Cespedes brothers originally paid $10 million to $12 million to purchase roughly 3 percent of the team. That percentage likely dissipated over time unless they participated in cash calls to cover revenue deficits.

Bobcats starters pound undermanned Wizards, 101-89

The AP reports: There were numerous contributors that helped overwhelm the banged-up Wizards. Rookie D.J. Augustin scored 24 points and newcomer Vladimir Radmanovic added 21 points. They combined to hit nine of 17 3-pointers in starting roles. Emeka Okafor dominated the inside with 16 points and 13 rebounds and Felton came close to his first career triple-double with 15 points, eight rebounds and nine assists… There was less optimism on the Washington side. Caron Butler scored 26 points and Antawn Jamison had 23 points and nine rebounds, but they got little help and the Wizards were woeful on defense in their 10th loss in 12 games.

Radmanovic helps Bobcats top Clippers 94-73

The AP reports: Vladimir Radmanovic, buried on the bench with the Lakers, scored 13 points and hit three fourth-quarter 3-pointers in his Charlotte debut Monday night, helping turn a close game into a rout in the Bobcats’ 94-73 win over the road-weary Los Angeles Clippers… Emeka Okafor had 19 points and 16 rebounds for the undermanned Bobcats, who were missing starters Gerald Wallace (rib, lung) and Raja Bell (groin)… Zach Randolph had 20 points and 10 rebounds and Eric Gordon scored 17 for the Clippers, who fizzled in the fourth quarter in the finale of a seven-game road trip… Al Thornton shot 3-for-13, Camby 3-for-8 and Davis 1-for-7 in his return to Charlotte, where he began his NBA career with the Hornets.

Adam Morrison to wear no.6

The Press-Enterprise (Jeff Eisenberg) reports: Newly acquired Adam Morrison will switch from No. 35 to No. 6, symbolic of his quest for a fresh start with the Lakers. “Some people have forgotten about his skill as a basketball player, but this is an opportunity to start over,” Jackson said. “It’s the Western Conference, he’s a Western kid. It’s a much more hospitable environment for him.”

Wade’s 22, Chalmers’ double-double lead Heat past Bobcats

The AP reports: Dwyane Wade emerged after the game wearing oversized red boxing gloves and a black robe, barely able to see out of his left eye after getting struck by Juwan Howard… Yes, the Miami Heat star was ailing, but Mario Chalmers and Daequan Cook did enough to put a smile on Wade’s stitched-together face. Fighting off the flu, Wade scored 22 points, Chalmers added 16 with a career-best 13 assists, and Cook’s 16-point effort included two key 3-pointers in the fourth quarter as the Heat beat the Bobcats 96-92 Sunday night… D.J. Augustin scored 27 points for Charlotte, which has lost five straight. Howard added 14 points and one blow that forced Wade into getting six stitches.

Lakers trade Vladimir Radmanovic to Bobcats for Adam Morrison, Shannon Brown

Charlotte Bobcats General Manager Rod Higgins announced today that the team has acquired forward Vladimir Radmanovic from the Los Angeles Lakers in exchange for forward Adam Morrison and guard Shannon Brown.

“Vladimir is a versatile forward who has the ability to play multiple positions in this league,” Higgins said. “We saw this as an opportunity to add another experienced player whose skill set is interchangeable with a variety of different lineups.”

The 6-10, 235-pound Radmanovic has appeared in 516 career NBA games spread between Seattle, the Los Angeles Clippers and the Lakers. He has career averages of 9.2 points and 4.1 rebounds, while shooting .420 from the field and .386 from the three-point line. In 46 games (28 starts) with the Lakers this season he averaged 5.9 points and 2.5 rebounds in 16.8 minutes. He currently ranks ninth in the league in three-point field goal percentage (.411), connecting on 60-136 attempts.

Originally drafted by the Seattle SuperSonics with the 12th overall pick in the first round of the 2001 NBA Draft, Radmanovic had three consecutive seasons with the Sonics where he averaged double-figure scoring. His best statistical season in the NBA came during the 2003-04 season when he appeared in 77 games (38 starts) with averages of 12.0 points, 5.3 rebounds, 1.8 assists and 1.0 steals in 30.1 minutes. During that season, he scored 20-plus points 13 times and recorded six double-doubles. He has also appeared in 44 career playoff games with averages of 7.6 points and 3.7 rebounds in 21.9 minutes.

Morrison was selected by Charlotte with the third overall pick in the 2006 NBA Draft after declaring early following his junior season at Gonzaga. He has career averages of 9.1 points, 2.4 rebounds and 1.6 assists in 24.5 minutes in 122 games (28 starts). Morrison missed the entire 2007-08 season after suffering a torn ACL in his left knee in an Oct. 20 preseason game against the Lakers. As a rookie in 2006-07, he appeared in 78 games with 23 starts and averaged 11.8 points, 2.9 rebounds and 2.1 assists in 29.8 minutes. He was also named to the All-Rookie Second Team that year after finishing second among all NBA Rookies in scoring and minutes played. This season, he appeared in 44 games (five starts) with averages of 4.5 points, 1.6 rebounds and 0.9 assists in 15.2 minutes.

Brown is in his third NBA season and averaged 4.8 points and 1.0 assist in 30 games played for Charlotte this season. In 74 career games, Brown has averaged 4.4 points, 0.8 rebounds and 0.6 assists in 10.5 minutes split between Cleveland, Chicago and Charlotte. Brown was originally drafted by the Cavaliers with the 25th overall pick in the 2006 NBA Draft.

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