Sources: Harris group eyes Devils, other entities

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Sources: Harris group eyes Devils, other entities

Sixers majority owner Joshua Harris and his investment group are considering the purchase of another professional sports franchise.

On Wednesday, Fox 29’s Howard Eskin tweeted:

“‪#sixers owners hve more going than finding HC. Highly placed sources tell me Owner Josh Harris and his group bidding on ‪#NJ Devils purchase”

Multiple sources with knowledge of the situation confirmed Eskin’s report, but they also indicated that Harris’s group has considered purchasing one of at least three different sports-related entities. The Devils are among those potential investments. Harris’s group, which includes former Sixers CEO Adam Aaron, is believed to be relatively small, but the acquisition team working on its behalf is at least 12 people deep.

According to Forbes, Harris is worth $2.1 billion. In 2011, he and the current Sixers ownership group bought the team for a reported $287 million. As of January 2013, Forbes valued the Sixers at $418 million.

In January 2012, the Devils were reportedly worth $205 million, but the actual value of the franchise remains hazy. Owner Jeff Vanderbeek is believed to be $230 million in debt because of his stake in the team and the Prudential Center, where the Devils play. According to Forbes, the Prudential Center alone could be “sold for under $200 million.” The Sixers play at the Wells Fargo Center, which is owned by Comcast-Spectacor.

Along with Harris, the new investment group is led primarily by David Blitzer. Blitzer, one of the Sixers’ owners, graduated magna cum laude from the Wharton School of Business. Blitzer is a senior managing director and head of tactical opportunities for Blackstone, the world’s biggest private equity firm by assets.

According to Bloomberg, Blackstone reported $3.3 billion in revenue last year. Blitzer, who joined the firm in 1991 and started its European private-equity business in 2002, reportedly manages a $1.5 billion fund on behalf of Blackstone.

Blitzer’s Blackstone bio says he’s helped execute investments that include “Spirit Group, SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits.”

Nerlens Noel excited for impending return to game action

Nerlens Noel excited for impending return to game action

NEW ORLEANS -- The weeks and months have quickly piled up. Nerlens Noel has not played an NBA regular-season game since last season ended for the Sixers on April 13. Nearly eight months later, Noel is nearing the return he has been eyeing for quite some time now. 

“It’s always an excitement to be able to play basketball after this amount of time, including the summer, not being able to play organized basketball at a competitive level,” Noel said Thursday. “I’ve been really looking forward to this. I think I’ve gained some momentum coming back from this minor surgery, and I think I’m in a really good place and I’m feeling good with my body. Everything is on point.”

Noel has been sidelined since undergoing elective left knee surgery in October to address an inflamed plica. He traveled to New Orleans on Wednesday to join the Sixers ahead of their 99-88 win over the Pelicans (see game recap). Noel continued his rehab Thursday while the team prepped for the game. 

“I’ve been able do five-on-five, full contact,” Noel said. “I’ve tried to maximize my opportunities of that with the team being gone on the road. I came down here and went through most of shootaround and it went well. Now these next couple of days, [I will be] going through practice, still working on my wind. I do like where I’m at now.”

The Sixers’ next game is Sunday against the Pistons in Detroit. Brett Brown had given Noel’s availability for that game a “maybe” (see story)

“I’m not sure,” Noel said of playing Sunday. “I’m ready to go with these next couple of days and see how my wind feels and how my body feels, which I have been feeling good. So it’s a possibility.”

When Noel does return, there is a scenario in which he could be paired with center Joel Embiid. Last year, the Sixers struggled finding the best way to utilize Noel and Jahlil Okafor, also a center, at the same time playing the four and five positions. As Okafor has said of playing with Embiid, Noel also believes his off-the-court friendship with the towering rookie would translate onto the court. 

“I think it would be something that’s experimented,” Noel said. “It’d definitely be interesting.”

Noel candidly expressed his opinion of the Sixers’ logjammed frontcourt at the start of the season. Since speaking to the media after his surgery, Noel has mentioned he is in a good mental place (see story). For him, that means being out on the court again. 

“I love myself and I love the game of basketball,” Noel said. “When I step out here to come and play, it just brings a lot of enjoyment and excitement to me. Regardless of what the details of it are, I just love the game and I’m happy to just be playing.”

Best of NBA: Bulls hand Spurs first road loss of season

Best of NBA: Bulls hand Spurs first road loss of season

CHICAGO -- Dwyane Wade scored 20 points, and the Chicago Bulls handed San Antonio its first road loss after a 13-0 start, hanging on to beat the Spurs 95-91 on Thursday night.

San Antonio fell one win shy of matching the NBA's best road start set by the Golden State Warriors last season. The Spurs cut an 18-point deficit midway through the third quarter to four in the closing minutes, only to come up short.

Kawhi Leonard scored 24 for San Antonio. Patty Mills added 16 points, hitting 4 of 6 3-pointers. Former Bull Pau Gasol had 13 points and 10 rebounds in his first game in Chicago since signing with San Antonio in the summer, but the Spurs lost a road game for the first time since Oklahoma City knocked them out in the Western Conference semifinals last season.

Jimmy Butler scored all of his 13 points for Chicago in the second half. Rajon Rondo added 12 points, nine assists and 10 rebounds, and Chicago picked up the win after dropping three in a row and six of nine.

The Spurs hadn't dropped a regular-season road game since Denver beat them on April 8 (see full recap).

Scoreboard malfunction, quiet crowd don’t stop Wizards’ rally
WASHINGTON -- Overcoming a sluggish start in front of a sparse, silent crowd and with a malfunctioning scoreboard, the Washington Wizards came back to beat the Nuggets 92-85 on Thursday night, thanks mainly to Bradley Beal's 26 points and Denver's season-high 29 turnovers.

John Wall scored only 15 points one game after a career-best 52, but nine came in the fourth quarter for Washington, which trailed by as many as 14 in the first half.

With starting point guard Emmanuel Mudiay inactive because of what the team said was a sprained right ankle, the Nuggets went 5 1/2 minutes without a point in the fourth quarter.

In that final period, they had 10 of their turnovers and shot 1 for 14 on 3-pointers -- including 0 for 4 in one last-minute possession (see full recap).

Gasol, clutch free throws lift Grizzlies over
MEMPHIS, Tenn. -- Marc Gasol scored 36 points and Toney Douglas made two free throws with less than a second left to give the Memphis Grizzlies an 88-86 comeback victory over the Portland Trail Blazers on Thursday night.

Douglas finished with 11 points, scoring the game's final six points to seal Memphis' fifth straight victory.

Gasol was 13 of 24 from the field, including 4 of 6 from outside the arc. But Douglas, signed by Memphis this week because of injuries, took over down the stretch. The guard scored on a 19-footer with 34 seconds left, then converted two pairs of free throws in the last 20 seconds.

CJ McCollum led the Trail Blazers with 24 points, and Damian Lillard had 19 on 6-of-18 shooting. Evan Turner had 15 points and 10 rebounds (see full recap).