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.
The Los Angeles Clippers today acquired guard Alex Acker and the Detroit Pistons’ second round selection in the 2011 NBA Draft from the Pistons in exchange for a conditional second round selection in the 2013 NBA Draft. In a related move, the Clippers also waived center Cheikh Samb.
The Detroit Free Press (Vince Ellis) reports: Allen Iverson is showing signs of wear (if you’re a fan) or age (if you’re a critic). One NBA scout, who requested anonymity because it’s against the code to criticize players publicly, said of Iverson: “His first step is not quite as explosive.” Also, if you watch many Pistons games — and the scout agreed — you know Iverson misses lay-ups. These aren’t the lay-ups when you’re out in the driveway messing around. In the NBA, more often than not, there is contact in the lane when you try to make a shot. Iverson used to finish through the contact or explode to the basket so fast the only thing a defender could do was foul him. These days, defenders also can keep him out of the paint a little easier than before. That’s a tell-tale sign that his legs, the base for finishing around the basket, aren’t what they were.
The Rocky Mountain News (Chris Tomasson) reports (via blog) on the Nuggets point guard remembering not making the All-Star team in 2005, when the weekend was held in his hometown of Denver: The point guard the previous season had led Detroit to the NBA title was named Finals MVP. And Billups was in the midst of a season in which he would lead the Pistons back to the Finals. Nevertheless, he wasn’t chosen for the game at the Pepsi Center. “I came home and everything and I wasn’t going to go to the All-Star Game, man. ‘I can’t believe I’m not in it,”’ Billups said. “My wife (Piper) was like, ‘Don’t be like that. Still go.’ So I went and I sat there the whole time. I don’t think I said one word the whole time. I was sitting there like, ‘I can’t believe I’m not in this.’ That’s just another one of the pains that fuels my fire. Try to get in next year.”