Tag:Herb Simon
Posted on: September 22, 2011 4:58 pm
Edited on: September 22, 2011 5:01 pm
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NBA owners make Forbes 400 richest Americans list

Posted by Ben Gollivernba-lockout

When the ongoing NBA lockout is framed as a battle between billionaire owners and millionaire players, it's often not an exaggeration.

Forbes.com released its annual list of the 400 wealthiest Americans this week, and more than a dozen NBA owners and minority owners appeared on the list, among the new school technology geniuses and old money investment titans.

The NBA's richest individual owner, according to Forbes, is Portland Trail Blazers owner Paul Allen, who co-founded Microsoft with Bill Gates, the overall richest No. 1 ranked person on the list. Allen's net worth is reported as $13.2 billion and he ranks No. 23 overall on the list. He recently decided to sell one of his private islands.

Somewhat incredibly, Allen is more than twice as rich as the next individual NBA team majority owner. In second place is Amway co-founder Richard DeVos, owner of the Orlando Magic, who is ranked No. 60 with a net worth pegged at $5 billion. 

Rounding out the top five richest individual NBA owners are Miami Heat owner Micky Arison (No. 75, $4.2 billion, Carnival Cruises), Denver Nuggets owner Stan Kroenke (No. 107, $3.2 billion, Walmart) and new Detroit Pistons owner Tom Gores (No. 159, $2.5 billion private equity). The Nuggets are operated by Kroenke's son, Josh.

The other seven NBA majority owners on the list are: Dallas Mavericks owner Mark Cuban (No. 171, $2.3 billion), Minnesota Timberwolves owner Glen Taylor (No. 242, $1.8 billion), Indiana Pacers owner Herb Simon (No. 273, $1.6 billion), Cleveland Cavaliers owner Dan Gilbert (No. 293, $1.5 billion), Memphis Grizzlies owner Michael Heisley (No. 293, $1.5 billion) Los Angeles Clippers owner Donald Sterling (No. 293, $1.5 billion) and new Philadelphia 76ers owner Joshua Harris (No. 309, $1.45 billion).

Los Angeles Lakers minority owner Dr. Patrick Soon-Shiong, who recently purchased the ownership stake previously held by Lakers legend Magic Johnson, ranked No. 39 with a net worth of $7 billion. 

Hat tip: IAmAGM.com.
Posted on: August 18, 2011 9:32 am
Edited on: August 18, 2011 9:42 am
 

Report: Reggie Miller on list for Bird successor

By Matt Moore

Indiana won't have Larry Bird to kick around forever. (And by "kick around" we mean "revere and overlook mistakes for.") Bird has made strong hints in the past that he's headed out the door sooner rather than later, despite having committed to the 2011-2012 season (should there be one). And in that instance, what's the plan for who takes over the Good Ship Pacers? Yahoo! Sports reports that a familiar face could be the next to helm the franchise. 
Simon has been canvassing people he respects – including his longtime former general manager Donnie Walsh – for opinions about how they believe Miller would do with the transition from television to management. Several people with longstanding ties to Miller and the Pacers are pushing Miller to pursue the job, and as one tells Yahoo! Sports: “He’s going to look hard at this, if it’s presented in the right way.”

Simon has considered this possibility for several years, sources said, and thinks the timing could be right to groom Miller to run his basketball operations. This is likely Miller’s one chance to ever run a team. And where else would he rather do it, but in the city, the state, where he became basketball royalty?
via Pacers owner eyes Miller to run team - NBA - Yahoo! Sports.

Miller's not a popular announcer, often thought to provide too many obvious or goofy comments. But in Indiana, he's god-like. Miller has a number of things going for him which would make this a smart move. For starter's, he may not be popular with the players but he'll have their respect, as either an all-time great the kids are familiar with or as a player many veterans played with or against. He obviously has pretty good leadership skills, and a high-character roster is something he'd value, which is incredibly important for fans in Indiana, apparently.

But Miller doesn't hae any experience with the job. He may be fully familiar with the workings of the CBA (since everyone's probably starting from scratch on the next one anyway), but there's still a learning curve.  One thing that might help with that? Yahoo! reports that Simon the Owner is interested in bringing back Donnie Walsh, currently advising the New York Knicks after getting sick of dealing with everything Knicks-related (and New-York-media related, it seems). Walsh could give Miller the guidance necessary to become a great executive. It would be good for Pacers fans, good for Miller, and good for those that aren't a fan of him on the mic. Whether it works out is of course the bigger question. 

Posted on: February 2, 2011 5:05 pm
Edited on: February 5, 2011 12:31 pm
 

NBA rumor updates: Carmelo, Warkentien, Lakers

CBSSports.com's Ken Berger provides the latest updates on Carmelo Anthony trade rumors, whether the Los Angeles Lakers will make a move, why the New York Knicks hired former Denver Nuggets executive Mark Warkentien and who is in the mix to be the next head coach of the Indiana Pacers. Posted by Ben Golliver.

In a pair of CBSSports.com videos this week, NBA writer Ken Berger broke down the latest on some of the major trade rumors and personnel changes around the NBA with host Lauren Shehadi. 

Always first on the docket: Denver Nuggets forward Carmelo Anthony, who now has just three weeks to be moved prior to the trade deadline. "Sources are telling me that there is some indecision within the Knicks organization, some disagreement, even, as to how hard they should push for a trade bringing Carmelo to New York," Berger reports. "Those against the move view Anthony strictly as a scorer and the Knicks have plenty of scoring. They think he would be a good option as a free agent but not if major assets have to be given up in a trade when the team has so many other pressing needs."

Speaking of the Knicks, Berger investigates why the team hired a former NBA GM with ties to Anthony as a consultant. "What exactly is the Knicks' motivation for hiring former Nuggets GM Mark Warkentien as a consultant? Sources that have known Warkentien and Knicks President Donnie Walsh for years say this is a Walsh-driven move and bodes well for his future with the organization. Walsh has a contract extension that he's discussing and an option that has to be picked up by April. Several rival executives, however, are telling me this looks more like an effort on the part of ownership to appease CAA, who represents both Warkentien and, guess who, Carmelo Anthony."

Meanwhile, the Los Angeles Lakers are in the midst of their yearly mid-season turmoil. Berger suggests that the Lakers pretty much have their hands tied when it comes to swinging a deal prior to the deadline. "The Lakers are not happy with how they are playing right now and would like to do a minor deal to kind of tweak things," Berger reports. "The problem they have: they are pretty much locked in with their core players, many of whom are over 30 and have money coming to them for several years down the road. They don't really have any attractive trade pieces that teams would be willing to give them a complementary player. Like, for example, the Wizard and Kirk Hinrich. The Lakers have long been high on Hinrich but they don't have anything the Wizards would want. A team like that would want expiring contracts and cost savings and the Lakers just don't have that. L.A. is going to have to figure this out from within. I just don't see anything more than a minor deal presenting itself between now and the deadline."

You can watch the video below.



In this week's NBA Drive, Berger also laid out the latest on the Indiana Pacers, who fired coach Jim O'Brien last week and could be in for a management shuffle this summer, as all their key pieces have contracts that expire at the end of this season. "Owner Herb Simon came out this week and backed Larry Bird, said he wants him back next season," Berger said. "So that should be a strong indication that Larry and general manager David Morway will be back. Their contracts are both up. With the vote of confidence from Herb Simon, who, by all indications, is happy with the direction if not the results. I think as long as Larry wants to be back, he will be."

Berger continued, saying the Pacers will also be re-assessing their coaching position this off-season. "The first order of business will be hiring a new coach, who may very well be interim coach Frank Vogel. There's some other interesting names on the Pacers list though. Former Cavs coach Mike Brown, former Pacer Mark Jackson, and Jazz assistant Tyrone Corbin. Those three names are going to be in the mix, as well as a darkhorse, Hawks assistant Lester Conner, a little-known name around the league, but he was on the Pacers bench last season, and I think he's going to get some consideration."

You can watch this week's edition of NBA Drive with Lauren Shehadi, featuring a guest appearance from NBA Blogger Matt Moore, below.

 
 
 
 
The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com