Cleveland Cavaliers Blog – Page 80 – NBA Blog

LeBron James now part-owner of Liverpool FC

Matthew Futterman of the Wall Street Journal reports:

Basketball star LeBron James is joining forces with renowned hedge-fund manager John Henry and veteran Hollywood producer Tom Werner in a deal that brings together one of the biggest stars in sports and two of the world’s most renowned teams.

The deal between Mr. James and Fenway Sports Group will give Mr. James a minority stake in the soccer club Liverpool, which FSG owns. FSG, which also owns the Boston Red Sox, is partnering with Mr. James’s sports-marketing firm, LRMR Branding & Marketing to become the exclusive world-wide representative for Mr. James.

The deal marks the first time that a professional athlete at the top of his game has taken an ownership interest in a team with the size and reach of Liverpool, which is one of the most popular and powerful sports franchises in the world.

It also adds yet another dimension for Boston-based FSG, which became a global operation last October when it bought Liverpool for $488 million. The company was founded as New England Sports Ventures nine years ago after Messrs. Henry and Werner bought the Red Sox and 80% of regional sports channel New England Sports Network. In 2007 Fenway became 50% owner of the Nascar auto-racing team Roush Fenway Racing.

ESPNsoccernet reports:

James is also going into business with the Boston Red Sox, as FSG is also the parent company of the Red Sox and a co-owner of Roush Fenway Racing.

“What FSM does for Roush Fenway, Liverpool and the Red Sox, we will now do for LeBron James,” Fenway Sports Marketing (a sister company of FSG) president Sam Kennedy said. “We will aggressively pursue business opportunities for him.

“We are fortunate to have blue-chip brands like the Red Sox, Liverpool and Roush Fenway. This represents the next step in our evolution, to represent one of the most recognizable athletes on the planet.”

Cavaliers beat Heat 102-90

The AP reports:

Despite blowing a 23-point lead, the Cavs battled back and beat the Miami Heat 102-90 on Tuesday night, getting a dose of revenge against [LeBron] James, who was making his second homecoming visit to Cleveland since leaving the city as a free agent last summer.

J.J. Hickson scored 21 and Anthony Parker scored 20 for the Cavs, who were embarrassed by James and the Heat 118-90 on Dec. 2—a night when Cleveland fans unleashed their hatred on the superstar.

InsideHoops.com notes: LeBron had a triple-double in the loss, putting up 27 points, 10 rebounds and 12 assists. Dwyane Wade shot just 8-of-20 for 24 points, four rebounds, six assists, three steals and two blocks. Mike Bibby shot 7-of-11, all three-pointers, for 23 points but just one assist. And no other Heat players stepped up. Chris Bosh was quiet, shooting 5-of-14 for 10 points and little else. The entire Heat bench had six points.

Morning of Heat vs Cavaliers, LeBron James delayed by Cavs arena garage rules

Brian Windhorst of ESPN.com reports:

There was a time when LeBron James’ friends and associates were welcomed throughout Quicken Loans Arena. That apparently is no longer the case.

James was delayed in getting into the arena for the Miami Heat’s shootaround Tuesday morning when he arrived with a driver and a second car at the entrance of the Cleveland Cavaliers’ underground parking garage.

Cavs officials said James eventually was cleared to enter the building, but several people with him were not. The two cars then left, and James alone returned a short time later and was allowed in, officials said.

InsideHoops.com editor says: Generally, when you don’t work for a company anymore, you don’t get to enjoy the perks that company offers its employees. In this case, it’s a question of if LeBron (or someone on LeBron’s behalf) asked for permission in advance to bring extra people in.

What’s your opinion? Read fan reaction or share your view in this forum topic.

Jared Sullinger claims he will return to OSU for sophomore season

Dana O’Neil of ESPN reports:

Here, then, Ohio State fans is your silver lining: Jared Sullinger says he is coming back.

Sitting in the Ohio State locker room following the top-seeded Buckeyes’ 62-60 loss to Kentucky, the freshman said he would not be entering his name for the NBA draft and would return for his sophomore season.

“I’m going to be an Ohio State Buckeye next year,” he said. “This isn’t why I came here, to come in here and see my seniors in here crying. I came here to win a national championship.”

Plenty of people make pledges in the rubble of an emotional loss only to change their mind later, when the sting and suddenness of the season fades and the promise of the NBA looms.

Coach Byron Scott thinks Cavs have regressed

Mary Schmitt Boyer of the Cleveland Plain Dealer reports:

Since a 4-4 stretch following their league-record 26-game losing streak, the Cavs have lost four straight by an average of about 16 points. They were barely competitive in the last three.

Coach Byron Scott admits his young team has regressed.

“I think the last two games, yeah, think so,” he said. “We discussed that this morning as coaches. That’s one of the most frustrating things for us is that we’ve regressed instead of progressed — especially when you see progression coming and all of a sudden the last two games you take a couple of steps back.

“That’s very frustrating for me and for all our coaches — and, hopefully, for the players as well. We’ve got to figure out a way to get back to where we’re taking small steps forward instead of taking big steps backward. It just can’t happen.”

This young team has confounded its coaches and fans all season, and Scott admitted almost anything could be behind this latest swoon. With eight players age 24 or younger — four are 22 or younger — the Cavs have a roster full of guys who have never played this many games before. This far out of the playoffs, it’s possible the players are just counting down the 17 games to the end of the season.

Atlanta club drops lawsuit against LeBron James over planned appearance

The AP reports:

An Atlanta nightclub has dismissed a lawsuit against Miami Heat star LeBron James.

The Opera nightclub had filed a complaint Monday in Fulton County Superior Court accusing James of canceling a March 17 appearance for which he was supposed to be paid $25,000. It also accused the owners of the rival Gold Room nightclub in Atlanta of instead arranging a visit there.

Baron Davis out due to death of grandmother

Cavaliers guard Baron Davis’ grandmother Lela “Madea” Nicholson passed away Monday in Los Angeles. Baron did not accompany the team to Milwaukee Tuesday night following the Cavaliers home game against the Warriors and he will now return home to L.A. to be with his family.

As many already know, Baron selected number 85 for his Cavaliers jersey number in tribute to Madea, as her house was on 85th Street.

No specific date for his return to the team has been established.

Atlanta club sues LeBron James

Rhonda Cook of the Atlanta Journal-Constitution reports:

Basketball star LeBron James is taking his talents to one local club, which has left a competing bar feeling stiffed. As a result, the offended club has called out the lawyers.

Atlanta’s Opera nightclub is suing the Miami Heat player and the Gold Room over an appearance James is scheduled to make later this month. A hearing on the request for a temporary restraining order and a preliminary injunction is set for Thursday in Fulton Superior Court.

In a complaint filed Monday, Opera accuses James of reneging on a promise to appear for one hour on March 17, for which he was to be paid $25,000, or $417 a minute.

James, who last summer infamously jilted his longtime team the Cleveland Cavaliers to join the Heat, will be in town the night before Miami is scheduled to play the Atlanta Hawks at Philips Arena.

The Opera Nightclub said in its suit if the Midtown Atlanta bar can’t have him — at least on that night — no one should, especially the Gold Room on Piedmont Avenue.

“We want to make sure LeBron doesn’t show up any place else,” Yasha Heidari, the attorney for the Opera, told The Atlanta Journal-Constitution Tuesday.

Grizzlies sign Leon Powe

The Memphis Grizzlies signed free agent Leon Powe, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today.

Originally selected by the Denver Nuggets with the 49th overall pick in the second round of the 2006 NBA Draft, the 6-8, 240-pound forward owns career averages of 6.3 points and 4.0 rebounds on .516 shooting in 14.3 minutes in 223 games (19 starts) over four-plus seasons with the Cleveland Cavaliers and Boston Celtics, who acquired his rights from the Nuggets on draft night.

The former University of California standout averaged 5.0 points and 2.7 rebounds on .492 shooting in 13.4 minutes in 14 games (three starts) for the Cavaliers this season before he was waived on Feb. 24.

A key reserve for the Celtics during their 2007-08 NBA Championship run, Powe has appeared in 28 playoff games, averaging 4.7 points and 2.6 rebounds in 10.8 minutes. The 27-year-old gives Memphis three players with NBA Championship experience, including Powe’s former Celtics teammate Tony Allen and Jason Williams, who captured the 2005-06 title as a member of the Miami Heat.

The Grizzlies have a full roster of 15 players.

Read fan reaction and discuss your own opinion in this forum topic.

Leon Powe may join Grizzlies

By Jeff Lenchiner

Free agent forward Leon Powe may soon become the newest member of the Memphis Grizzlies.

According to a tweet from David Aldridge of NBA.com and TNT/Turner, a source of Aldridge says Powe and the Grizzlies have come to an agreement.

The 6-8, 240-pound Powe has a career average of 6.3 points and 4.0 rebounds in 14.3 minutes per game.

Injuries have hampered Powe throughout his NBA career, especially in recent years. He played just 20 games in 2009-10 and only 14 so far this season.