May 2015 San Antonio Spurs Wiretap

Tim Duncan Sues Financial Advisor For Causing Substantial Loss

Jan 30, 2015 4:16 PM

Tim Duncan said he has sued his investment advisor in Texas state court, claiming he was pushed into investments despite conflicts of interest that ultimately caused him “substantial loss.”

Duncan claimed Charlie Banks, an Atlanta-based financial adviser, hid his own interest in investment opportunities that he recommended to Duncan, according to a copy of the complaint filed in San Antonio.

“Over the course of 17 years, I invested in a series of opportunities presented by Charles Banks, on his assurance that we were working together for my family’s long-term financial security,” Duncan said in a statement. “Banks exploited my good intentions and our relationship for his personal gain and my substantial loss. I’m saddened that my name will join the list of athletes to fall victim to this sort of misconduct.”

Duncan accused Banks of defrauding him through a $7.5 million loan to Gameday, a company Banks controlled.

Duncan was named to the NBA All-Star team on Thursday.

Scott Soshnick/Bloomberg

Tags: Tim Duncan, San Antonio Spurs, NBA, NBA Misc Rumor

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Spurs Sign Reggie Williams To 10-Day Contract

Jan 28, 2015 12:53 PM

The San Antonio Spurs have signed forward Reggie Williams of the Oklahoma City Blue to a 10-day contract.

Williams has appeared in 13 games this season for the Blue of the NBA D-League, averaging 16.8 points, 5.3 rebounds, 3.3 assists and 1.08 steals in 31.9 minutes. He has also spent time in the D-League with the Blue in 2013-14 and the Sioux Falls Skyforce in 2009-10. In 69 career D-League games, he has averaged 22.3 points, 5.6 rebounds, 3.8 assists in 37.7 minutes.

In the NBA, the Virginia native has suited up for the Oklahoma City Thunder (2013-14), Charlotte Hornets (2011-13) and the Golden State Warriors (2009-11). In 180 total games, he has averaged 8.5 points, 2.6 rebounds and 1.6 assists in 19.7 minutes.

RealGM Staff Report

Tags: Reggie Williams, San Antonio Spurs, Oklahoma City Blue, NBA, NBA Signing Rumor, NBA Misc Rumor, D-League, D-League Teams

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JaMychal Green, Spurs Unable To Agree Upon New Deal

Jan 27, 2015 5:16 PM

JaMychal Green and the San Antonio Spurs were unable to agree upon a new deal and have decided to part ways, league sources tell RealGM.

Green was on a 10-day contract with the Spurs after they cut Austin Daye.

Green was D-League Player of the Month for December.

In four games with the Spurs, Green averaged 2.0 points and 1.5 rebounds in 6.2 minutes.

Shams Charania/RealGM

Tags: JaMychal Green, San Antonio Spurs, NBA, NBA Signing Rumor, NBA Misc Rumor

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Average NBA Franchise Valuation Now More Than $1 Billion

Jan 21, 2015 11:22 AM

The average NBA franchise valuation is now a record $1.1 billion.

There are now 11 NBA teams worth at least $1 billion, compared to three a year ago.

The Los Angeles Lakers lead the way at $2.6 billion, up 93% over last year. 

The value of the New York Knicks shot up 79% to $2.5 billion, ranking the team second overall.

Rounding out the top five are the Chicago Bulls ($2 billion), Boston Celtics ($1.7 billion) and Los Angeles Clippers ($1.6 billion).

6. Brooklyn Nets: $1.5 billion
7. Golden State Warriors: $1.3 billion
8. Houston Rockets: $1.25 billion
9. Miami Heat: $1.175 billion
10. Dallas Mavericks: $1.15 billion
11. San Antonio Spurs: $1 billion
12. Portland Trail Blazers: $940 million
13. Oklahoma City Thunder: $930 million
14. Toronto Raptors: $920 million
15. Cleveland Cavaliers: $915 million
16. Phoenix Suns: $910 million
17. Washington Wizards: $900 million
18. Orlando Magic: $875 million
19. Denver Nuggets: $855 million
20. Utah Jazz: $850 million
21. Indiana Pacers: $830 million
22. Atlanta Hawks: $825 million
23. Detroit Pistons: $810 million
24. Sacramento Kings: $800 million
25. Memphis Grizzlies: $750 million
26. Charlotte Hornets: $725 million
27. Philadelphia 76ers: $700 million
28. New Orleans Pelicans: $650 million
29. Minnesota Timberwolves: $625 million
30. Milwaukee Bucks: $600 million

Kurt Badenhausen/Forbes

Tags: Atlanta Hawks, Boston Celtics, Charlotte Hornets, Chicago Bulls, Cleveland Cavaliers, Dallas Mavericks, Denver Nuggets, Detroit Pistons, Golden State Warriors, Houston Rockets, Indiana Pacers, Los Angeles Clippers, Los Angeles Lakers, Memphis Grizzlies, Miami Heat, Milwaukee Bucks, Minnesota Timberwolves, New Orleans Pelicans, New York Knicks, Orlando Magic, Philadelphia Sixers, Phoenix Suns, Portland Trail Blazers, Sacramento Kings, San Antonio Spurs, Toronto Raptors, Utah Jazz, Washington Wizards, Oklahoma City Thunder, Brooklyn Nets, NBA, NBA CBA

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Spurs To Sign JaMychal Green To 10-Day Contract, Cut Austin Daye

Jan 17, 2015 3:03 PM

JaMychal Green will sign a 10-day contract with the San Antonio Spurs.

The Spurs will waive Austin Daye to clear a roster spot for Green.

The Memphis Grizzlies, Chicago Bulls, New York Knicks and Philadelphia 76ers had expressed interest in Green.

Green participated in the Spurs’ training camp, but was cut on Oct. 22. Green, who played college basketball at Alabama, spent time in the off-season working with the Spurs' renowned shooting coach Chip Engelland.

Green was participating in the D-League Showcase with Austin.

Marc J. Spears/Yahoo! Sports

Tags: Austin Daye, JaMychal Green, San Antonio Spurs, Austin Spurs, NBA, NBA Signing Rumor, NBA Misc Rumor, D-League, NBA Waiver, D-League Teams

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Quincy Miller Meeting With Pacers, Hawks, Thunder, Spurs

Jan 16, 2015 5:17 PM

Quincy Miller is scheduling meetings with the Indiana Pacers, Atlanta Hawks, Oklahoma City Thunder and San Antonio Spurs as the D-League Showcase, league sources tell RealGM

Miller is currently playing with the Reno Bighorns.

Shams Charania/RealGM

Tags: Quincy Miller, Atlanta Hawks, Indiana Pacers, San Antonio Spurs, Oklahoma City Thunder, Reno Bighorns, NBA, NBA Signing Rumor, NBA Misc Rumor, D-League Teams

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