Sneer Fri, 11 Jun 2021 19:35:52 +0000 en-US hourly 1 Sneer 32 32 Jalen Duren recruiting news: Montverde star reclassifies, will he turn pro or play college basketball? Fri, 11 Jun 2021 18:39:55 +0000

You average human probably went to high school for four years and then graduated. You were not an athlete in an elite preparation institution like Montverde Academy.

K-12 School in the greater Orlando area has 1,125 students, including 660 in a high school or college preparation program. They wear uniforms, many of them live in residential boarding schools, and there are 34 AP courses on offer.

And you can also go out a little earlier than planned because Adam Zagoria from report Jalen Duren to finish earlier than expected and head to college or pro basketball this year instead of 2022. The 6’10 post is probably still growing and has huge potential for the next level with a big and bouncy frame.

The options for elite talent like Duren have never been so plentiful. The NBA G-League is here, and if Duren took that path, he would likely become a millionaire and have incoming teammates like Jaden Hardy, Michael Foster Jr. and Scoot Henderson, all of whom projected top 10 rookies if they chose instead. university.

The Ignite team for minors is coached by a former Lakers champion Brian Shaw, who also spent two years as head coach of the Nuggets from 2013 to 2015. Because players have to be one year before high school graduation or be 19 to qualify for the NBA Draft, Team Ignite gives them a place to play basketball until the big show can call them.

When it comes to potential colleges, Zagsblog’s lists Villanova, Michigan, Miami, Auburn, Alabama, Kentucky, UCLA, Penn State and Memphis as his Top 9. But even if NIL rights are in place for this season, he will likely earn more as a full-time pro in the G-League.

And Duren will be one of the test cases if betting on marketing in college, or guaranteed money to become a pro is the new trend.

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Jackets welcoming the strong Freshman class – Men’s basketball – Georgia Tech Yellow Jackets Fri, 11 Jun 2021 18:00:24 +0000

THE APARTMENTS – Georgia Tech signed its highest rated class in nine years during the November signing period when the Four Star Guards Dallan “Deebo” Coleman and Miles Kelly, as well as a three-star striker Milestone moore, wrote their names on letters of intent to join the yellow vests. All kept their jobs or improved as seniors

The three-player class was ranked 15th in the country and third in the Atlantic Coast Conference according to the 247Sports Composite Team Rankings, and was ranked 28th, fourth in the ACC in early June.

Coleman, a 6-6 goaltender from Callahan, Fla., Ranked 53rd nationally, was the highest rated player to sign with Tech during head coach Josh Pastner’s tenure when he inked his letter of intent in November. Kelly, a 6-5 goalie from Lilburn, Ga., Was No.88 according to 247Sports. Moore, a 6-6 forward from Gardendale, Ala., Was No.121.

Coleman and Kelly were both among the nominees for the 2021 McDonald’s All-American Game.

The three freshmen arrive with one of the country’s most coveted transfers, Deivon Smith, a 6-1 point guard from Loganville, Ga., who had a strong first-year campaign at Mississippi State, where he helped the Bulldogs reach the NIT Championship game.

They join a technical team that just won their first Atlantic Coast Conference title in 28 years and their first place in the NCAA tournament since 2010. The Yellow Jackets finished with an overall record of 17-9. and their best regular-season conference result in 17 years. , fourth place with an 11-6 record.

Coleman was named Mr. Basketball from Florida as well as Florida’s Class 4A Player of the Year at the end of the 2020-21 season. He averaged 24.7 points, 9.0 rebounds and 4.2 assists as a senior for the Warriors, who turned their season around mid-year with a 14-game win and led them to the last square of the Florida High School Athletic Association. Coleman ended his career in West Nassau with 2,539 points, second in region history behind only Myron Anthony of Fletcher in the 1990s. Long considered one of the region’s most explosive goalscorers, he’s improved as a rebounder – he’s compiled 745 for his career, after averaging just 2.5 in his debut season – and as a supplier, going from 0.8 assists per game to more of four. He had 38 doubles doubles in West Nassau, including 19 this season.

Kelly spent his final year of high school at Hargrave Military Academy in Chatham, Va., after being prepared at Parkview High School in Lilburn. The 6-5 sniper has seen his stock skyrocket after being unranked last year at Parkview. Kelly’s 17.3 points per game, 3.4 3 points scored per game and 46.1% 3-point percentage all placed second on the team for the undefeated Tigers (27-0). He also led the Tigers in deflections with 7.1 per game. His team have averaged more points per game (114.3) than any other Hargrave team on record. Kelly helped lead the Tigers to a 31-1 overall record, losing only to DME Academy in the first round of the National Practice Championship, where they were the No. 2 seed. Kelly joined a fraternity exclusive basketball player on February 23, eclipsing the 1,000 point milestone with his fifth point of the game, continuing to score a high of 27 points in the victory over Hosanna College, an achievement even more impressive when you consider that he didn’t play college basketball in first grade.

A consensual three-star prospect, Moore attended Gardendale High School in Gardendale, Alabama, where he earned All State Honors as a Junior in 2019-2020. Moore averaged 21.7 points, 9.0 rebounds, 2.6 assists and 1.5 blocked shots per game as a senior at Gardendale, achieving 57% of his shots on the ground and 33% of his tries at three points. As a junior, he averaged over 20 points and 10 rebounds per game, which earned him a nod to the ASWA (Alabama Sports Writers Association).


Men’s season ticket prices start at $ 290, and season ticket holders who renew their seat before April 9 will save $ 25 per ticket. All price levels and associated TECH Fund donations remain unchanged from 2019-2020. For a full price table and list of benefits, click here.

In addition to realizing significant savings over ticket prices for a game, season ticket buyers can take advantage of an interest-free payment plan, receive priority for tickets for post-season events, use online technology to transfer tickets, benefit from seasonal parking. options and access to a secure secondary market for banknotes.

Alexander-Tharpe Fund

The Alexander-Tharpe Fund is the fundraising arm of Georgia Tech Athletics, providing scholarships, operations, and facility support for Georgia Tech’s more than 400 student-athletes. Help develop Georgia Tech’s daily champions and help the Yellow Jackets compete for championships at the highest levels of varsity athletics by supporting the AT Fund Annual Sports Scholarship Fund, which provides scholarships directly to Georgia Tech student-athletes, and the Support the Swarm Fund, created to give fans the opportunity to help Georgia Tech athletics maintain its recent momentum through the financial challenges of the Covid-19 pandemic! To learn more about support for yellow vests, visit


Georgia Tech’s men’s basketball team won the Atlantic Coast Conference Championship in 2021, winning the conference tournament after placing fourth in the regular season. Tech has been a member of the Atlantic Coast Conference since 1979, winning four ACC Championships (1985, 1990, 1993, 2021), competing in the NCAA Tournament 17 times and playing two Final Fours (1990, 2004). Connect with Georgia Tech Men’s Basketball on social media by liking their Facebook page, or following Twitter (@GTMBB) and Instagram. For more information on Tech Basketball, visit

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NBA Star Power Index: Chris Paul does Point God things; Donovan Mitchell became a bankable playoff star Fri, 11 Jun 2021 17:34:00 +0000

Welcome to the NBA Star Power Index – a weekly gauge of the players who control the most buzz around the league. Reminder: registration on this list is not necessarily a good thing. It just means that you capture the attention of the NBA world. Moreover, it is not a ranking. The listed players are not ranked in any particular order when it comes to the buzz they generate.


When Chris Paul suffered what was considered a contusion to his right shoulder in Game 1 of the Phoenix Suns First Round Series against LeBron James and the Los Angeles Lakers, pretty much everyone thought it was ‘was the end of the Suns as the worst possible. The temporal wounds bug had once again stung the god of the point.

Think again.

The Suns reclaimed their leader by staying alive long enough for Paul to return to what appears to be healthy, or something close enough, beating the Lakers in six games before taking a 2-0 lead over the Denver Nuggets with a convincing Game 2 win on Wednesday night in which Paul was absolutely brilliant with 17 points and 15 assists.

Paul, who is now the only player in NBA history to record a 15-assists, zero-turnover playoff game with three different franchises, has now tallied 38 assists against two turnovers in his last three playoff games. One of the clearest signs that Paul has returned to his normal state is that he is taking and doing 3-pointers effortlessly. He couldn’t do it a few weeks ago:


In seven playoff games, Kevin Durant is averaging 32 points on 55% shots, which is the second highest field goal percentage among all playoff players (minimum 100 attempts) behind just Kawhi. Leonard.

Brooklyn slipped Milwaukee in Game 2 to take command of this series. Durant had 32 points and six assists. He shot 12 of 18 from the field and 4 of 6 of 3. There’s literally no defense for this guy. By StatMuseDuring those playoffs, 90 percent of Durant’s 3 points were contested (highest score among all players), and he still shoots 50 percent on more than five attempts per game.

The skill and the release point are just too high:

But it’s not just the offense. Everyone wanted to know how the Nets were going to hold up defensively in the playoffs, and they’re getting better with every game. Giannis Antetokounmpo hits his proverbial wall again, and Durant is a big part of it. He’s averaging two blocks per game – a career high in the playoffs – and he’s on point with his rotations.

I love this piece below. The Nets overlook Giannis for a split second and it looks like he has a lead for a cut to the basket. He catches the ball on the move and Durant, who was initially following Brook Lopez to the baseline, quickly jumps to cut Giannis, then holds on on Giannis’ second penetration attempt before forcing him to drop one foot:

We know the Nets can score millions of points. But defense like that is how they’re going to win a championship. For his play on both sides, Durant is back to having a legitimate case as the world’s best player.


Mitchell scored 45 points (32 in the second half) in Utah’s game opener against the Clippers. Our Sam Quinn explained how Mitchell mercilessly chased away clips, waiting for the match he wanted before stepping on the pedal. This is something the Clippers could bear to do a lot more on their own. Too often, the Clippers just settle for whatever confrontation they find themselves in and engage in random pull-ups.

Let’s go back to Mitchell, who is quickly becoming one of the league’s highest-grossing playoff players. He’s been doing it since he was a beginner. He was averaging 36 per game in the bubble. He’s at 31.8 PPG so far this playoffs, and look at the company his name now resides in:

Utah, in case you haven’t noticed, is real.


Damian Lillard is out of the playoffs, but his name still makes the headlines as the Trail Blazers seek a new coach. Lillard said he wanted Jason Kidd, who quickly removed his name from consideration. It’s not entirely clear why Kidd did this, but I would say he knows there’s a chance Lillard won’t be long in Portland.

That’s the other part of Lillard’s headline. Is it going to be traded? Blazers general manager Neil Olshey has even declined to answer whether Portland might consider hitting the reset button and dealing with Lillard, but Lillard hasn’t asked for anything yet. If he does, everything changes despite being under contract with the Blazers until 2024.

Remember, James Harden was locked up for two more seasons (with a player option on a third) in Houston, and when he wanted to leave a franchise that seemed to have hit its cap, he walked out. Nobody says Lillard is going to do this; he is as committed to the local cause as any sports superstar.

But Portland’s options to improve significantly are minimal. They have no space for the caps. They don’t have young players who will be of particular interest to anyone. CJ McCollum’s trade is likely the only immediate route, and even his $ 100 million contract would be considered negative in the league. If the Blazers are indeed stuck where they stand, how long will Lillard be patient?


Nikola Jokic was officially named the league’s MVP on Tuesday night, becoming the third European-born player to win the award (Giannis Antetokounmpo and Dirk Nowitzki were the other two). Jokic has been spectacular this season and he just led the Nuggets past the Blazers despite his winger Jamal Murray being out for the season.

Jokic already has a case as the best draft pick in history. He was ranked 41st overall in 2014 – by far the lowest spot for a future MVP (Steve Nash and Antetokounmpo, both No.15 overall, previously held this distinction).

From our Sam Quinn, who also wrote an interesting article making Jokic the most unlikely MVP in history:

Jokic became the first player in NBA history this season to average at least 26 points, 10 rebounds and eight assists with over 52% shooting. He achieved 56.6% of his field goals, eclipsing those who came close to his raw numbers. His 8.3 assists per game narrowly missed Wilt Chamberlain’s record of 8.6 for most by a cross in one season, and he was only three 3-pointers and 13 free throws to become the first center to join the 50-40-90 club. He did it all without missing a single regular season game.

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Abbotsford’s Mark Johnson dresses for Guam basketball – Abbotsford News Fri, 11 Jun 2021 16:48:00 +0000

Abbotsford resident and former Fraser Valley University Cascades men’s basketball star Mark Johnson will make his international debut on Sunday as a member of the Guam National Basketball Team.

Johnson played for the Cascades from 2015 to 2019 and listed Palm Springs, Calif. As his hometown, but he was actually born in Guam and lived there for 15 years.

“My father is from Tacoma, Washington, and my mother was born in Hawaii”, he told the Cascades website. “Their families both moved to Guam and they met there. I’m not gonna lie, (living in Guam) was like heaven. If you were to compare it to something much bigger, it’s like Hawaii in a way. It is surrounded by warm water and has many palm trees and a very laid back lifestyle. It’s really amazing there.

Johnson will adapt to the Guam national basketball team in two FIBA ​​Asia Cup qualifiers in Amman, Jordan. Team Guam face Hong Kong twice, on June 13 and 15, looking to improve their chances of qualifying for the 20-team FIBA ​​Asia tournament to be held August 17-29 in Indonesia.

Guam is a small island located in the Western Pacific Ocean and is a territory of the United States. About 168,000 people live on the 549 square kilometer island. People born in Guam are considered US citizens.

Johnson made his basketball debut in Guam, playing for the Tamuning Typhoons club team and his school team in Saint Paul Christian. His family would eventually move to Palm Springs, and he then played two seasons at local junior college, College of the Desert, before joining the Cascades in 2015.

A knee injury sidelined Johnson for the 2015-16 campaign, but the 6’6 “forward has been a mainstay of the program for the next three seasons, finishing among the all-time leaders of the U Sports era. des Cascades (722, eighth), rebounds (471, fourth) and three points (131, fifth) He graduated in 2020 with a Bachelor of Arts, majoring in Psychology and an Extended Minor in Philosophy.

While at UFV, Johnson took root in the local basketball community beyond campus, and these days he’s a basketball club manager with BC Bounce in Abbotsford while s ‘training to become a firefighter.

Throughout his college basketball career, Johnson was recruited by Guam Basketball Confederation president and men’s team head coach EJ Calvo to play for the national team, but his athletic commitments and Academics did not fit the team’s schedule. But with college now over, the opportunity in 2021 was too good to pass up.

He leaves this week for Jordan, where the matches will be played in a “bubble” setting without fans in the stands. The top two teams in Group C, which includes Australia and New Zealand as well as Guam and Hong Kong, will automatically qualify for the FIBA ​​tournament, while the third team will play in a last-ditch qualifying event.

“I think the game will be similar to U Sports,” said the 28-year-old. “There will be more professional players involved but the style of basketball with FIBA ​​rules will be similar. I am excited to play. I will be playing the three point (little forward) and the stretch four (power forward), and I can’t wait to step into that role.

“As for representing Guam, it’s something I’ve wanted to do for a long time, but it’s never been good. I am blessed to be able to do this now. There were a lot of reasons I couldn’t play before, and it’s a blessing to be able to do so.

Guam’s current FIBA ​​ranking is 85th and the country’s best achievement was silver at the 1999 FIBA ​​Oceania Championship.

-With the files of the UFV Cascades

abbotsfordbasketballUFV Cascades

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Litigation Intensifies Over USDA Loan Debt Relief for Minority Farmers Fri, 11 Jun 2021 13:27:00 +0000

The USDA did not immediately respond to a request for comment on Friday.

Texas Agriculture Commissioner Sid Miller has filed a similar complaint in Texas regarding the loan program. This case also now has other farmers joining it and the group sponsoring the lawsuit, America First Legal, has also sought a preliminary injunction. U.S. District Judge Reed O’Connor ordered the USDA to respond to the case by Friday, June 11.

The Association of American Indian Farmers and the National Black Farmers Association have also filed joint submissions in the Wisconsin and Texas cases. The groups oppose the injunctions against the repayment of the USDA loan. The groups argue that the court must now assess the impact on socially disadvantaged farmers and ranchers by delaying any relief they were supposed to receive under the program.

At least three other cases have also been filed against the USDA in Florida, Tennessee and Wyoming, also seeking an injunction against the department to move forward.

The loan repayment program follows the US bailout adopted in March which included a provision specifically providing for debt relief of up to 120% for farmers receiving USDA loans who are defined as socially disadvantaged according to a 1990 definition created by Congress that includes African farmers. Americans, Latinos or Hispanics, Native Americans or Native Alaskans, of Asian descent, Hawaiians or Pacific Islanders. Caucasian women, who have been eligible to apply for loans as socially disadvantaged since 1992, are not included in debt relief under the provision passed by Congress in March.

The debt relief was prompted by legislation originally introduced by Sens. Cory Booker, DN.J., and Raphael Warnock, D-Ga., Who championed the Justice for Black Farmers Act to address long-standing issues of discrimination by the USDA that left thousands of black farmers with unpaid loan debts to the FSA. The debt relief provision stipulated that USDA would pay all outstanding debts for USDA direct and guaranteed loans for socially disadvantaged farmers effective January 1, 2021.

A DTN review of FSA loan debt showed that socially disadvantaged farmers had $ 2.67 billion in loan debt as of December 31, 2020, as well as $ 414.9 million in past due debt.

Looking at all of the Farm Service Agency’s loans and loan guarantees, there were 144,802 total borrowers at the end of 2020 with a total outstanding amount of $ 31.7 billion. Republican members of the House agriculture committee had raised concerns during a hearing on the bill that if the USDA loses a lawsuit then the department would be required to repay all those loans.

In an editorial written last week in USA Today, Wisconsin dairy farmer Christopher Baird – one of the plaintiffs in the case – wrote about his 80-acre farm and the 50 to 60 Jersey cows he treats. in Crawford County, Wisconsin. He noted that if the loan forgiveness program was based on criteria other than race, then he would be entitled to nearly $ 200,000 in federal loan forgiveness, plus 20%.

“There is an argument for canceling the loan for individuals, depending on individual circumstances or individual suitability,” Baird co-wrote in the editorial. “But making this broader eligibility based on race, just skin color, is no relief from COVID-19 and it has no place in government. It is the very problem that “He claims to try to solve. It’s using racism against the past racism. It’s not fair. Most of us have learned as young children the phrase” two wrongs don’t make a right; it is truly disappointing that our leaders have forgotten such a basic lesson. ”

Agriculture Secretary Tom Vilsack argued that USDA disbursed tens of billions of dollars in COFOG aid last year – $ 30.7 billion, according to the Congressional Research Service – but that minority farmers received only 1% of this aid. Vilsack wrote in his own column in May: “The reason the payments have gone so heavily to white farmers is that the system is so against farmers of color. Most farm programs are based on the size of a farm and its production history.

Op-ed: Joe Biden’s COVID debt relief for farmers does not apply to white farmers. It’s wrong.…

Analysis of loan totals for socially disadvantaged farmers:…

Vilsack op-ed in USA Today…

Chris Clayton can be contacted at

Follow him on Twitter @ChrisClaytonDTN

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‘I’m bleeding blue so I really couldn’t leave’ Fri, 11 Jun 2021 10:03:41 +0000

As Tyler Polley stood alongside Dan Hurley in midfield on senior day on March 6, holding his No.12 jersey framed in the air and receiving cheers from the small crowd, he knew it could be. his last match at the Gampel pavilion.

But he also knew it probably wouldn’t.

“Before Senior Day,” he recalls, “I had in mind that coming back was a huge possibility.”

Less than a week later, UConn lost to Creighton in the semi-finals of the Big East tournament. A week later, the Huskies’ season was over, rebounded unceremoniously from the first round of the NCAA tournament by Maryland.

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Bets on NBA playoff props: Phoenix Suns Mikal Bridges props for 06/11/2021 Fri, 11 Jun 2021 06:39:00 +0000

The Phoenix Suns take to the court on Friday for an NBA Playoff basketball night with some exciting betting options. Let’s focus on Mikal Bridges prop bets and lines for his next game. Bridges’ over / under points in Friday’s game against the Denver Nuggets is 13.5.

In his last five performances, Bridges finished averaging 14.6 points and 1.6 steals per game. Over the season, he averages 13.3 points while shooting 53.1% from the ground.

The Suns face the Nuggets on Friday, starting at 10 p.m. ET. The Nuggets are picked to win Game 3 of the Western Conference Semifinals by punters, who rank them as 1.5-point favorites. The over / under is set at 223.5 points. Let’s take a look at how Bridges has performed this season and in his recent outings to give an overview of his betting lines for this game.

Distribution of bets on Mikal Bridges accessories

  • Points above / below: 13.5
  • On the coast: 100
  • Below the odds: -128
  • Points per game: 13.3

Odds via BetMGM; access USA TODAY Sports Betting Odds for a full list.
Lines last updated at 10:49 p.m. EST on June 10, 2021.

Mikal Bridges points

  • Bridges’ 13.5 point over / under bet on Friday is 0.2 points higher than his season scoring average (13.3).
  • Bridges have scored over 13.5 points 39 times this season (out of 80 games total – 48.8%).
  • Bridges’ average over / under points bet over the season is 0.9 points lower than his average score per game (13.3 points).
  • In 38 of 65 chances this year (58.5%), Bridges has surpassed his point total.
  • In 45 of 80 competitions this year (56.2%), Bridges topped his season average point bet total (12.4).
  • Opponents of the Nuggets are averaging 109.2 points per game, which is the 20th most abandoned by an NBA team this season.

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Mikal Bridges rebound preview

  • Bridges averaged 0.8 more rebounds per game (4.3) than his prop bet total in Friday’s game (3.5).
  • In 61.3% of his games this season (49 of 80), Bridges has exceeded his bet total for his next game (3.5 boards).
  • The average bet over / under Bridges for rebounds this season is 4.3. It’s the same as his rebound average for the season.
  • Barely 43.1% of the time this season (28 of 65 outings), Bridges has topped his rebound bet total.
  • Bridges topped his average rebound bet total (4.3 boards) in just 40% of his clashes (32 of 80 games).
  • Opponents of the Nuggets have lost 42.6 rebounds per game this season, the 27th against any team in the NBA.

Mikal Bridges helps insights

  • Bridges’ average of assists over the year – 2.1 per game – is 0.6 assists higher than Friday’s total assists bets (1.5).
  • In 62.5% of his clashes this season (50 of 80), Bridges has tallied over 1.5 assists.
  • Bridges averaged 2.1 assists per game, 0.2 more per game than his average over / under bet of 1.9.
  • Bridges has recorded 1.9 or more assists (his average assists bet total) in 50 of his 80 competitions (62.5%).
  • Opponents of the Nuggets are averaging 25.4 assists per game, which is the seventh most allowed by an NBA team this season.

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Former Shadow Hills High School Basketball Coach Ryan Towner Arrested Charged With Raping Underage Girl Fri, 11 Jun 2021 00:01:26 +0000

Former Shadow Hills High School basketball coach Ryan Towner was arrested Thursday morning on charges of raping a former juvenile player.

Ryan towner

County jail records show Towner was arrested in the Jefferson Boulevard and Fred Waring Drive neighborhood in Indio at 9 a.m. on Thursday by the Rancho Mirage Police Department.

The Sheriff’s Department confirmed that the rape investigation dated back to April 23, 2021, but incidents have occurred in the past. The victim is a minor and a former player, but it was not clarified if Towner was their coach at the time.

In the interest of protecting the victim, we will only report that the victim is a minor and a former gamer. We are not releasing more specific details to help protect the victim in this case.

Towner, 35, faces charges of rape and oral copulation. He has not been charged by the district attorney’s office yet. He is being held at the John Benoit Detention Center in Indio on $ 55,000 bond.

Prison records show Towner will appear in court for the first time on Monday.

Anyone with additional information is encouraged to contact the Riverside County Sheriff’s Department – Palm Desert Investigations Bureau, at 760-836-1600, or Investigator Reinbolz at 760-836-1634.

If anyone with any information wishes to remain anonymous, please call Coachella Valley Crimes Stoppers at (760) 341-STOP.

The arrest comes just a day later the school has confirmed it will not bring Towner back as the boys’ head basketball coach. The Desert Sands Unified School District told News Channel 3 athletic director Blake Arthur that the school’s principal and athletic director “are looking to take the program in a different direction.”

Ryan Towner (Courtesy of Shadow Hills Athletics)

Towner missed the last 10 games of the Shadow Hills season. His absence came after the team had a positive COVID test as part of the program. Shadow Hills was forced to forfeit three league games.

Towner’s biography on the school’s website shows that he graduated from Cathedral City High School in 2004. He was hired as a coach from Shadow Hills in May 2018. Prior to taking over at SHHS, he was assistant coach at Palm Springs High School.

We contacted the Desert Sands Unified School District for more information on Towner’s arrest. District spokesperson Mary Perry said they were unable to comment on a personnel issue.

Stay with News Channel 3 for continued coverage.

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Arbor Realty Trust Closes $ 815 Million Guarantee Thu, 10 Jun 2021 20:02:00 +0000

UNIONDALE, NY, June 10, 2021 (GLOBE NEWSWIRE) – Arbor Realty Trust, Inc. (NYSE: ABR), today announced the closing of an $ 815 million commercial real estate mortgage securitization (the “Securitization “). A total of approximately $ 674 million of premium notes were issued (the “Notes”) and Arbor retained a subordinated interest in the issuance vehicle of approximately $ 141 million. The $ 815 million guarantee includes an ability of approximately $ 162 million to acquire additional loans for a period of up to 180 days from the closing date of the securitization.

The Notes have an initial weighted average spread of approximately 137 basis points over one-month LIBOR, excluding commissions and transaction costs. The facility has a replenishment period of approximately two and a half years which allows the principal proceeds of repayments of portfolio assets to be reinvested in eligible replacement assets, subject to certain conditions.

The offering of the Notes was made by way of a private placement. The notes were issued under a trust deed and are initially secured by a portfolio of real estate assets and cash with a face value of $ 815 million, these real estate assets consisting primarily of mortgage bridging loans of first row.

Arbor intends to hold the portfolio of real estate assets through the vehicle to maturity and plans to record the securitization on its balance sheet as funding. Arbor will use the proceeds of this securitization to repay borrowings under its current credit facilities, pay transaction costs and fund future loans and investments.

Certain of the Notes have been rated by Moody’s Investors Service, Inc. and all of the Notes have been rated by DBRS, Inc.

The Securities are not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of that state or jurisdiction.

About Arbor Realty Trust, Inc.

Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loans and services for multi-family, single-family (SFR) rental portfolios and other assets various commercial real estate. Based in New York City, Arbor manages a multibillion-dollar service portfolio specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® Lender, Freddie Mac Optigo® Seller / Servicer and an FHA Multifamily Accelerated Processing (MAP) Approved Lender. Arbor’s product platform also includes bridge loans, CMBS, mezzanine and preferred shares. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and personalized solutions with unparalleled dedication to providing our clients with excellence throughout the life of a loan. .

Safe Harbor Declaration

Certain elements of this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations and beliefs of management and are subject to a number of trends. and uncertainties that could cause actual results to differ materially from those described in forward-looking statements. Arbor cannot guarantee that its expectations will be met. Factors that could cause actual results to differ materially from Arbor’s expectations include, without limitation, changes in economic conditions in general, and real estate markets in particular, in particular, due to the uncertainties created. by the COVID-19 pandemic, the continued ability to seek out new investments, changes in interest rates and / or credit spreads, and other risks detailed in Arbor’s annual report on Form 10 -K for the fiscal year ended December 31, 2020 and its other reports filed with the SEC. These forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in Arbor’s expectations in this regard or any change in the events, conditions or circumstances upon which such a statement is based.

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The Kiwi woman who changed basketball Thu, 10 Jun 2021 19:35:00 +0000

For more than four decades, Barbara Wheadon has helped shape basketball – at home and abroad – in her many roles, and has been recognized with the sport’s highest honor.

Few people have had an impact on basketball in New Zealand and around the world like Barbara Wheadon.

A leader, player, volunteer and change maker on the global stage, Wheadon has been involved at all levels of the game for over 40 years, working diligently behind the scenes to help change the landscape to be more fair and more competitive.

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What started as a board member of her local basketball association so the voices of the team she played for could be heard, ended with Wheadon serving FIBA – the international sports organization – for more than 10 years.

She spearheaded changes in structures set in stone for 75 years, when others told her she couldn’t. “’You’ll never get the NBA players to agree, Barbara’… Guess what? We did it,” she said.

And now the former president of New Zealand and Oceania is back in basketball.

Wheadon’s remarkable contribution to the game has now been recognized with his induction into the Basketball New Zealand Hall of Fame.

“When they wrote to me and told me that was what they were going to do, I thought it was really a little complicated,” she says.

“But then you’re like, ‘Oh yeah, that’s good.’ Nice to all the people around me who I’ve pestered to death about how we should get things done, and “Can we have this money and this money?” “

Wheadon already has a New Zealand Order of Merit for service to basketball, but Hall of Fame recognition is very special, she says, because it comes from her peers.

It was the icing on the cake of a successful career. The North Shore Events Center building, now known as the Eventfinda Center and the North Harbor basketball headquarters, is one of them. It is quite another to be a founding trustee at the Millennium Institute of Sport, now known as AUT Millennium, and seeing it come to life.

“The achievement of these two facilities for the sports community, first on the North Shore, but then on a national scale, must be part of the highlights,” said Wheadon.

“The other important thing was the work we did in the FIBA ​​Central Committee to change the competition calendar.” She served on the international board of directors for 12 years.

The changes in the competition calendar and qualifying process for FIBA ​​- which oversees basketball around the world – were significant as it was the same setup throughout their 75-year history .

Previously, the member traveled through five areas around the world, Wheadon says. “We moved it to a ‘federation of federations’ membership, so it was directly from each country to the international organization,” says Wheadon.

“People here used to say, ‘How are we at the Olympics?’, ‘How are we at the world championships?’ Because back then we just had to beat Australia to get anywhere. Well, it’s not a high performance route, coming in second is not a route.

It didn’t happen overnight either. It was a 12 year campaign to ensure that all countries had the opportunity to improve and be successful. “We were able to set up opportunities at all levels of our sport in New Zealand to compete on the world stage,” said Wheadon. “So what we were able to do was really, really important. “

For the future of sport in New Zealand, Wheadon sees the need to focus on developing training and refereeing routes, and supporting smaller local basketball centers and partnering with programs. school.

Because players now have the option of entering the US college system, she says, and some coaches have held positions overseas.

The progression of basketball has been “phenomenal”.

“In terms of the actual administration of the game, how things are done, why things are done, I mean it’s night and day,” says Wheadon.

“But at the same time, there are still the core values, the core things that you have to do, but there are still loads that could be done – and must be done.”

Wheadon has held a number of leadership and governance positions during his career. She has served as the Interim President, Treasurer and CEO of Harbor Basketball. She was a member of the BBNZ Board of Directors from 1998 to 2008 and was President for the last six years of her tenure.

In 2002, Wheadon was appointed to the FIBA ​​Oceania Board of Directors and became President from 2006 to 2010. She was the Oceania representative on the FIBA ​​Board of Directors during this period.

She received a Basketball New Zealand Life Membership Award in 2006, and NZOM.

“In terms of the actual administration of the game, how things are done, why things are done, I mean it’s night and day,” says Wheadon.

“But at the same time, there are still the core values, the core things that you have to do, but there are still lots of things that could be done – and must be done.”

Wheadon has held a number of leadership and governance positions during his career. She has served as the Interim President, Treasurer and CEO of Harbor Basketball. She was a member of the BBNZ Board of Directors from 1998 to 2008 and was President for the last six years of her tenure.

In 2002, Wheadon was appointed to the FIBA ​​Oceania Board of Directors and became President from 2006 to 2010. She was the Oceania representative on the FIBA ​​Board of Directors during this period.

She received a Basketball New Zealand Life Membership Award in 2006, and NZOM.

Wheadon became a librarian because there weren’t many career options for women. “Back then you went to the career counseling nights they had at school and all the girls were geared towards being teachers or nurses – which didn’t seem right to me. exciting at all. No one else was going to be a librarian, so I thought, “Well, maybe I would like to do that.”

These days, the career options are endless. Wheadon was encouraged at Basketball New Zealand’s recent AGM, but the variety of opportunities in the sport: from directors of basketball associations to employees and volunteers in the sport. Especially for women.

Barbara Wheadon, front row, center, with other winners at the NZ Basketball Te Papa awards ceremony.

Basketball New Zealand

Barbara Wheadon, front row, center, with other winners at the NZ Basketball Te Papa awards ceremony.

“Instead of just being ‘Barbara’, half of the venue is now women and they’re all paid in this sport,” she says.

His three daughters are testimony to the widening of career options for women. One has an Honors BA in Mathematics, another has an Honors BA in Chemistry and the last has a Postgraduate Diploma in Business Management with a Masters in Wine in progress. “I can’t imagine what the next ones are going to do,” Wheadon says of his five grandchildren.

Although she admits that a career in journalism would have been great, Wheadon found herself involved in the business she and Graeme bought between raising their children and volunteering in basketball communities.

It was at a local center in Auckland where Wheadon returned to the field, having met a group of moms playing in basketball and netball competitions.

“I was also a new mom and they were playing in a basketball program at the YMCA on a Monday morning,” says Wheadon. “There was a little nursery there so I was able to leave my oldest daughter, Elizabeth, there and play.”

From there, Wheadon joined the North Harbor committee because his team didn’t like the way the scoring system was applied.

“If you want to change the system, you have to be at the board table,” says Wheadon. “And like I tell people, ‘I got into the basketball committee and I didn’t get out until I got on the international committee.”

After retiring from FIBA ​​in 2014, Wheadon decided it was time to stop contributing at the governance level. “I made a conscious effort to say ‘enough is enough’. I thought I was part of what I wanted to do around the legacy, ”she says.

But it has not completely disappeared. His contribution to the sport has come full circle, with Wheadon returning to the local level.

Small associations in the Waikato area can now call on Wheadon’s experience for budget advice, overseeing finances and volunteering. “I help them with some things because I know the game. I know how to take resources a little further,” she laughs.

Wheadon feels like she achieved what she wanted in sports… “And more.”

“There was the legacy of the facilities, but being able to make a difference at the international board table… They were like ‘It’s not possible, Barbara’. And I would say ‘Why?’ She remembers.

“‘Oh, but we’ll have to talk to all these people’, ‘You’ll never make NBA players agree, Barbara’.” And of course she did.

They used the same philosophy she used locally to get to know your community. “In order to get it right, we had to work with the whole world to change the competitive structure that had existed for 75 years. And it was very dominated by the Europeans, ”says Wheadon.

“So we had to get to know each other around the board table. We had to share all the challenges we had, why we couldn’t do this, and why we didn’t have the money.

Wheadon says it’s the greatest legacy. “At home, we have made some changes in our little old country. It was really difficult, ”she says. “But to achieve changes in an international board of directors, it’s remarkable. Like I said at the start, if you’re not there, you can’t change things.

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