Worth the wait: Former Lincoln standout King lands at Coastal Carolina

Reuben King always felt he was a Division I talent. It just took an extra year for college coaches to see it.

The former Lincoln standout recently verbally committed to Coastal Carolina of the Big South after finishing up a year of prep school at Body of Christ Christian Academy (N.C.).

“I’m real excited about it,” the hard-nosed Brooklyn product said. “I always knew I could play on that level. It was a matter of getting a scholarship and letting everyone else know.”

King is waiting to hear from the NCAA Clearinghouse before signing, he said.

The chiseled 6-foot-3, 220-pound King, a combo guard who began his high school career at Bishop Ford before transferring to Nazareth and then PSAL dynamo Lincoln, chose the Chanticleers over Alcorn State, Loyola of Chicago and FDU. King was attracted to Coastal Carolina for a myriad of reasons, from his comfort level with the coaching staff, the chance to play right away, the bond he developed with current players and his affinity to the school’s location.

Denis Gostev

Former Lincoln guard Reuben King has verbally committed to Coastal Carolina.

Coastal Carolina, he said, began recruiting him late in the year and showed they really wanted him. He waited until just recently to finish up his course work and make sure he was making the right decision.

“They were on me hard, they showed me they really had interest in me, and they wanted me to come in and play,” he said. “I believe it’s a good place for me. It’s not too far from home. I liked the school a lot. I spoke to some of the teachers there. The coaches made me feel like I was at home, the players were cool. When I was there I felt like I belonged.”

He had a big year for Body of Christ, averaging 17 points and seven assists as the point guard in coach Darrell Harris' up-tempo system and leading them to a 25-14 record. Harris raved about King’s toughness, his demand to guard the best player on the opposition and deceptive athleticism for his body type. Harris went with King to workout with Coastal Carolina and the coach said he was one of the team’s best guards that day.

“I’m looking forward to him going down there and doing some big things,” the coach said. “He can only get better.”

King will be joining a successful program at Coast Carolina under head coach Cliff Ellis. The Chanticleers are coming off consecutive NIT berths and Big South regular season crowns. He is the fifth member of Ellis’ incoming recruiting class, joining forwards Michel Enanga, Alioune Diagne, Tristian Curtis and guard Justin Daniel.

King had Division II options out of Lincoln, but saw himself as a Division I player. Body of Christ offered him that opportunity and he took advantage of it.

“It feels good to show I’m a Division I player,” King said. “It’s about getting there an keep up what I was doing.”

zbraziller@nypost.com

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Sports Shorts

NBA: Morway quits Pacers; Bird next?

David Morway resigned as general manager of the Pacers amid reports that Larry Bird is on the way out, too. Bird, 55, took over from Donnie Walsh in 2008 as president of basketball operations and was this season’s NBA’s executive of the year. Walsh, who left the Knicks last year, is expected to return to the Pacers’ front office.

The Pistons traded guard Ben Gordon and a future first-round draft choice to the Bobcats for swingman Corey Maggette. . . . The Timberwolves acquired swingman Chase Budinger from the Rockets in exchange for the 18th overall pick in tomorrow’s draft. The Rockets also included the rights to Israeli Lior Eliyahu in the deal.

The Celtics will get an additional second-round draft pick in 2013 from the Thunder after a dispute over Jeff Green’s medical condition. Green, who missed the entire 2011-12 season with a heart condition, was acquired by the Celtics for Kendrick Perkins in February 2011.

MLB: Blue Jays sign Jamie Moyer

The Blue Jays signed 49-year-old Jamie Moyer to a minor league deal. Toronto will let Moyer make two starts for Triple-A Las Vegas, then decide whether to bring him back to the majors.

The Rockies reassigned pitching coach Bob Apodaca to special assistant to general manager Dan O’Dowd at Apodaca’s request.

GOLF: Long Island pro leads by six shots

Matt Dobyns, the 34-year-old head pro at Fresh Meadow in Lake Success, had a hole-in-one and shot a 3-under 69 to take a six-stroke lead into the final round of the PGA Professional National Championship in Seaside, Calif. Fra nk Bensel of Century and Deepdale’s Darrell Kestner are tied for sixth, 10 shots back.

Mike Miller, Sam Bernstein, Charlie Edler, Ryan McCormick and Joe Saladino shot 1-over 73s to share the first-round lead at the 57th Ike Championship at Atlantic Golf Club in Bridgehampton.

ETC.: Jamal Anderson fces DUI charge

Former Falcons running back Jamal Anderson is facing a charge of driving under the influence after an officer pulled him over Sunday just northeast of Atlanta. . . . Lions cornerback Aaron Berry faces DUI and other charges stemming from a weekend accident in his hometown.

James Martin, the ex-husband of former boxer Christy Martin, was sentenced in Orlando to 25 years in prison for trying to kill her.

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News Corp. Considers Splitting in Two

News Corp. is considering splitting into two companies, separating its publishing assets from its entertainment businesses. WSJ's Bruce Orwall reports. Photo: Getty Images

News Corp. said Tuesday that it is considering a restructuring to split into two publicly traded companies, separating its publishing assets from its entertainment businesses.

The company's stock jumped about 8% to $21.92 in early trading.

The split would carve off News Corp.'s film and television businesses, including 20th Century Fox film studio, Fox broadcast network and Fox News channel from its newspapers, book publishing assets and education businesses. News Corp.'s publishing assets include The Wall Street Journal, the Times of London and the Australian newspaper, as well as HarperCollins book publishing. If a separation occurs, the publishing company would be far smaller than the entertainment company.

A final decision on the split hasn't been made. News Corp. Chairman Rupert Murdoch has previously opposed such a move, which has been discussed internally for several years, say people familiar with the situation. Mr. Murdoch has recently warmed to the idea, said one person familiar with the situation.

The idea under consideration isn't expected to change the Murdoch family's effective control of any of the businesses, exercised through the family's roughly 40% voting stake in News Corp. The idea is similar to the split of Viacom Inc. into two companies in 2006, when CBS was carved off as a separate company. In that break up, Viacom's controlling shareholder Sumner Redstone ended up with control of both companies.

Consideration of the restructuring at News Corp. comes in the wake of the phone-hacking scandal at the company's British newspaper operations. That scandal has so far resulted in the closure of the News of the World tabloid and the resignation of several senior executives, and prompted News Corp. to abandon a bid for shares it doesn't already own in the U.K. satellite-TV operator British Sky Broadcasting PLC.

In light of the scandal, the U.K. communications regulator has been reviewing whether BSkyB, which is 39%-owned by News Corp., is a "fit and proper" holder of a broadcasting license. Mr. Murdoch's son James, who has been criticized for his handling of the phone-hacking affair, gave up his chairmanship of BSkyB but remains on the board.

A split of News Corp.'s businesses would be welcomed by outside investors who are more interested in News Corp.'s television and film assets than its slow-growing publishing businesses. The entertainment assets make up by far the bulk of the company, contributing three-quarters of the $25.34 billion in revenue for the first nine months of the fiscal year. Those assets accounted for roughly 90% of the operating profit in that period.

In the nine months through March, News Corp.'s various segments together had operating profit of $4.2 billion, of which the publishing division contributed $458 million.

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Deal Journal Australia: News Corp. Split Looks Good to Shareholders

News Corp.'s stock price has outperformed several other big media companies in the past 12 months, at least in part because of significant increases in stock buybacks since last summer.

Chase Carey, News Corp.'s chief operating officer, said on an investor call in May that he was aware some shareholders favored a spinoff of the newspaper assets. At the time, Mr. Carey said management and the board had discussed the idea but didn't have plans to pursue it. Mr. Carey has long been thought to be more interested in a spinoff than Mr. Murdoch.

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A split would be a big change for Mr. Murdoch, who built News Corp. into a media conglomerate from a single Australian newspaper he inherited in the 1950s. Until the 1980s his focus was on expanding internationally in newspapers, moving to Britain in the late 1960s with the purchase of the News of the World and the London Sun, and then expanding into the U.S. in the early 1970s.

While News Corp. continued to expand in newspapers, as recently as 2007 buying Dow Jones, the focus of the company shifted toward film and television since the 1980s purchase of the 20th Century Fox film studio and a group of TV stations that formed the basis of the Fox broadcast network. News Corp. later started cable channels such as Fox News that now generate much of the company's earnings.

Mr. Murdoch personally has remained a big fan of the newspaper business. When the London Sun recently launched a Sunday edition, Mr. Murdoch spent time in London helping with preparations.

Write to Martin Peers at martin.peers@wsj.com, John Jannarone at john.jannarone@wsj.com and Anupreeta Das at anupreeta.das@wsj.com

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Chad Billingsley can't hold lead as Dodgers fall to Angels, 8-5

Erick Aybar turns a double play in front of Dodgers right fielder Andre Ethier as he slides into second base during the Angels' 8-5 victory Friday at Angel Stadium. (Ricardo DeAratanha / Los Angeles Times / June 22, 2012)

Don Mattingly was tired of hearing about Chad Billingsley’s inconsistency. On Friday, he went into an impassioned pregame defense of his right-hander.

He talked about how Billingsley has never had a losing season. He has won 10 or more games in each of the past five seasons. He said that if you put his numbers over the last four years up against the rest of the league, they’re “pretty damn good.”

The Dodgers’ struggling offense then went out and staked Billingsley to a quick 5-0 lead.

And after four innings, Billingsley had given it all back.

The Angels rallied to hand the Dodgers their fourth consecutive loss, winning, 8-5, before a sellout crowd of 44,548 at Angel Stadium.

A Dodgers team that had managed a total of three runs in the past three games in Oakland opened Friday’s game like it had undergone an unexplainable offensive metamorphosis.

The Dodgers scored three runs on three hits in the first inning, and two runs on three hits in the second.

The Dodgers equaled the total amount of runs scored while being swept in three games by the A’s in the first inning against right-hander Dan Haren. Jerry Hairston Jr. and Andre Ethier singled with one out, before ex-Angel Bobby Abreu drilled a three-run homer into the right-field stands.

It was Abreu’s first at-bat back in Anaheim since the Angels released him.

The Dodgers added two more in the second after Tony Gwynn Jr. led off with a walk, stole second and scored on a Hairston single. After Andre Ethier singled off the glove of first baseman Albert Pujols, Juan Rivera -- another ex-Angel -- singled Hairston home.

The Dodgers turned the 5-0 lead over to Billingsley, and watched it wither away.

The Angels got three runs back in the bottom of the second after Kendrys Morales and Mark Trumbo singled. Alberto Callaspo doubled in Morales, and Howie Kendrick’s fly to center sacrificed Trumbo home. Callaspo scored on Erick Aybar's ground out to first.

The Angels took the lead with three more in the fourth. Callaspo singled and scored on an Aybar triple. The Angels tied it on a suicide squeeze, Billingsley coming home late on Bobby Wilson’s bunt. Wilson was out at first, but the Angels took the lead when rookie sensation Mike Trout homered on Billingsley’s next pitch. It was Trout’s seventh home run of the season.

Billingsley (4-6) left after the fifth, having surrendered six runs on 10 hits. His earned-run average rose to 4.15. Confidence in him did not rise accordingly.

Haren, who had thrown 45 pitches after the second inning alone, managed to make it through the fifth and get the win. Haren (5-7) allowed the five runs on nine hits and three walks.

The Angels added two more in the sixth off Jamey Wright. Aybar opened with a double, but Wright threw him out at third on a Wilson bunt attempt. But after a walk to Trout, Torii Hunter singled both runners in, the lightning-fast Trout scoring all the way from first.

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End is not near: Dodgers no longer own baseball's best record

Dodgers and the trade deadline: Opportunity versus expectations?

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South Carolina wins two in Omaha

South Carolina's LB Dantzler, right, celebrates with teammates after hitting a two-run home run against Kent State. (Dave Weaver / Associated Press / June 21, 2012)

South Carolina wins two in Omaha

Freshman Jordan Montgomery and Matt Price combined on a three-hitter Thursday night, lifting two-time defending national champion South Carolina to a 2-0 victory over Arkansas in the College World Series at Omaha.

Michael Roth of the Gamecocks threw a two-hitter against Kent State earlier in the day. South Carolina and Arkansas will play again Friday night to decide which team goes to the best-of-three finals. The winner will play Arizona, which converted three errors into a six-run first inning and advanced with a 10-3 victory over Florida State.

South Carolina is the third team in the 63-year history of the CWS to win two full games in the same day. The last to do it was Holy Cross in 1952, when it beat Western Michigan and Penn State en route to the title.

ETC.

Mathis (64) leads at Travelers

David Mathis had a hole in one and shot a six-under-par 64 to take a one-stroke lead after the first round of the Travelers Championship at Cromwell, Conn.

Nathan Green, Will Claxton and defending champion Fredrik Jacobson shot 65 on a day that saw temperatures soar into the upper 90s.

Former UCLA star Patrick Cantlay made his professional debut with a 75 on the same course where he made headlines last year with a second-round 60 as a 19-year-old amateur.

Sandra Changkija birdied six of her final eight holes for a career-best eight-under 63 and a three-stroke lead during the suspended first round of the inaugural Manulife Financial LPGA Classic at Waterloo, Canada.

Play was suspended at 4:20 p.m. because of the threat of lightning in the area, and called off for the rest of the day at 6:30 p.m. Seventy-two players were unable to finish the round.

Australia's Marcus Fraser and Paraguay's Fabrizio Zanotti shot eight-under 64 to share the first-round lead in the BMW International Open at Pulheim, Germany.

The U.S. soccer team will face Mexico on Aug. 15 in Mexico City, the first exhibition between the two on Mexican soil in nearly 28 years.

The Americans are still seeking their first win south of the border in a series that dates to 1934. Mexico is 23-0-1 against the U.S. on its home turf, most recently earning a pair of 2-1 victories in FIFA World Cup qualifying in 2005 and 2009.

Hall of Fame jockey Eddie Delahoussaye is getting his own race at Santa Anita.

The track will feature the Grade III Eddie D. Stakes on opening day of its autumn meet on Sept. 28.

The 61/2-furlong race for 3-year-olds and up will be run on the turf. The race was previously known as the Morvich Stakes, which Delahoussaye won in 1984 aboard Tsunami Slew.

David Ferrer routed Igor Sijsling of the Netherlands, 6-0, 6-1, to reach the UNICEF Open semifinals at Den Bosch, Netherlands.

The top-seeded Spaniard next plays Frenchman Benoit Paire, who beat Ito Tatsuma of Japan, 6-3, 7-5.

On the women's side, Kim Clijsters of Belgium beat Francesca Schiavone, 6-3, 7-6 (7).

Marion Bartoli of France beat seventh-seeded Lucie Safarova, 6-4, 6-2, to reach the semifinals of the Eastbourne championships in England.

Bartoli next faces Austria's Tamira Paszek, who defeated Tsvetana Pironkova of Bulgaria, 6-0, 6-4.

Rain forced the postponement of the men's quarterfinals to Friday, when American Andy Roddick is scheduled to face Italian Fabio Fognini.

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Toyota Prius c: Pleasure Not Included

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Dan Neil/The Wall Street Journal

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The c—the lowercase is practically existential—was born of two ruthless numbers: 50 miles per gallon and <$20,000. The challenge of cost-engineering such a car worthy of the Prius name must have sent many a fine young engineer off the roofs of Toyota City. And yet it had to be done. The brilliant Prius has become, well, rather spendy, with a base price around $25,000. Many highly motivated, environmentally conscious young buyers simply could not afford the Prius's brand of fuel economy.

Hey, you there, about to fire off a snide email about how your 1986 Honda CRX HF got 50 mpg and cost you pocket lint: Don't. Your CRX was, comparatively, an empty cardboard box of a car. The Prius c has nine air bags, a tilt/telescopic steering column, power windows and doors, a well-kitted stereo with four speakers, automatic climate control, 10 times the high-strength steel and a fraction of the tailpipe and evaporative emissions of your ancient, trembling CRX. No comparison.

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Speaking of Honda: The c is also an answering salvo to Honda's Insight hybrid, reborn in 2009 as Honda's attempt to undercut the Prius. The Insight barely retains the "cheapest hybrid" title ($19,200, compared with the Prius c's $19,740) but can't touch the Toyota's 53/46 fuel economy, the best of any car on the market (41/44 mpg for the Insight).

I have to admit I felt a pang of regret when I first drove the Prius c. I had mocked the Insight—in my gentle, loving way—for what felt like scant structure and a certain resonating cheapness. And yet, compared with the Prius c, the Insight feels like it was built in a Belfast shipyard. Holy hell. In the Prius c even the air is thin.

Pedigree is not the Prius c's problem. In its 15 years on the market, Toyota's Prius has conquered the world, selling more than four million units and, in the first quarter of 2012, ranking third on the list of global best sellers, behind Toyota's own Corolla and the Ford Focus. Toyota's Hybrid Synergy Drive technology remains the standard by which other hybrids are judged. The coding in these cars is to powertrain software what "Henry V" is to a night at the theater.

“I honor it, I respect it, but what a starved, oppressively dull piece of motorized martyrdom this car is.”

The c's issues stem from the rude collision of those two numbers, 50 mpg and <$20,000, and the principle of diminishing returns. Yes, sure, Toyota could have simply transplanted the regular Prius's powertrain (net 134 hp) into the smaller and lighter Yaris, and Newton tells us it would have gotten better fuel economy. But having transplanted the heaviest and most costly component to the c, you'd wind up with only marginal improvements in cost and fuel economy, and a smaller, crummier car to put them in.

The c's program managers were thus obliged to dial back to the previous generation's 1.5-liter engine (the Gen III Prius uses a 1.8-liter), a smaller traction motor (60 hp vs. 80 hp) and a lighter, cheaper nickel-metal hydride battery (19.3 kilowatts vs. 27 kW).

The mass optimization and general lowercasing continued until the engineers arrived at a car that's 542 pounds lighter and 19.1 inches shorter, with a powertrain netting out at 99 hp, vs. the regular Prius's 134 hp. For all these exertions, the c returns 53/46 mpg, city/highway, as compared with the regular Prius's 51/48 mpg. In other words, both cars average 50 mpg. The engineering value, if you will, is all in the c's price advantage.

2012 Toyota Prius c

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Dan Neil/The Wall Street Journal

Base price: $19,740

Price as tested: $21,716

Powertrain: Series-parallel gas-electric hybrid, with DOHC, 16-valve, 1.5-liter, in-line four-cylinder (73 hp) with variable valve timing and lift; AC synchronous permanent magnet traction motor (60 hp); nickel-metal hydride battery pack (0.9 kWh, 19.3 kW output); front-wheel drive

Length/weight: 157.3 inches/2,500 pounds

Wheelbase: 100.4 inches

0-60 mph: 11 seconds

EPA fuel economy: 53/46/50 mpg, city/highway/combined

Cargo capacity: 17.1 cubic feet

And yet, what a starved, oppressively dull piece of motorized martyrdom it is. As my Minnesota relatives would say, oofta! A key notion here is that of sufficiency. The regular Prius is no hot rod, to be sure, but it comports itself around town and on the highway with a certain lithe assurance. You never wonder if it's going to be able to thread itself into moving traffic or attain highway speed before a truck looms up behind you.

The c will also perform sufficiently in situations requiring crisp acceleration—nominal 0-60 mph is 11 seconds—but you have to thrash it like Rasputin. This is not merely the result of the difference in the two cars' weight-to-power ratio (the c's 25 pounds per hp vs. the Prius's 22.7 lb./hp). The c's powertrain programming so despises sharp spikes in throttle demand that it often simply ignores them. Overwintering bears are easier to rouse.

There are also some plain giveaways underfoot. Because the battery capacity is smaller—0.9 kWh, compared with the bigger Prius's 1.3 kWh—the car's EV mode rarely seems to be available, due to insufficient charge. The CVT transmission has a "B" for "battery" slot in the shift gate, which tells the computers to increase the regenerative braking effect, but it doesn't seem to do much since the electrons have nowhere to go.

The c's rather one-dimensional powertrain behavior undermines one of the Prius's essential pleasures. Anyone who has driven these cars knows that part of the fun—the nerdy, too-embarrassing-to-talk-about fun—is marveling at its relentless ciphering, the endless fretting over every amp-hour and BTU. For all the energy-flow graphs and readouts on the c, those pleasures are largely missing.

And thus is born a fuel-saving marvel of engineering that I salute even as I can't imagine myself owning. But hey, 50 mpg for under $20,000. That's huge, that's epic, that's…I'm sorry. I dozed off.

Email Dan at rumbleseat@wsj.com .

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Uncle Sam squeeze

Wagering against Uncle Sam can be a sucker bet.

Just ask Andy Redleaf, the chief executive of Whitebox Advisors, a $2.3 billion hedge fund known for its savvy fixed-income plays.

“We’ve been short Treasurys since sometime in ’09, which has been painful,” Redleaf said.

Still, Redleaf is in good company. Other big hedge funds who are bearish on US government debt include Paul Singer of Elliott Management, Michael Novogratz of Fortress Investment Group and Seth Klarman of Baupost Group.

When Treasury yields hit 3.0 percent in the middle of 2009, the smart money thought they could go no lower, but yields have been sinking just about ever since.

Christopher Sadowski

Some on Wall Street are getting soaked after betting against the US and Lady Liberty — thinking US Treasurys would fall as Washington got swamped under a rising tide of debt.

After the Federal Reserve announced yesterday it would extend its current plan — known as “Operation Twist” — and buy long-term debt, yields bounced around a bit and ended at 1.66 percent.

“When markets are dominated by uneconomic players, it’s difficult to know how long that will last,” said Redleaf, referring to the Fed’s various attempts to keep rates low to jump-start the economy.

Treasurys have also been bolstered by troubles in Europe, as investors flock to them as a safe haven in times of turmoil.

Undaunted by such realities, Singer proposed selling Treasurys as his trade idea at the annual hedge-fund SALT conference in Las Vegas last month. Referring to current Treasury yields, Singer said at SALT, “it’s aberrant. It’s a pricing extreme.”

Singer has long been an inflation hawk and short various government securities. In a letter to investors earlier this year, he criticized the Fed for what he called “radical” monetarism that he thinks will bring “very serious inflation.”

But the nation’s sluggish economic growth, high unemployment and lack of wage hikes should keep overall inflation in check for some time, analysts said.

Hedge-fund managers who are critical of the Fed’s actions think this could change overnight.

Novogratz told Bloomberg, “For your children’s money, you should be short every fixed-income instrument on the planet or at least in the developed world,” including the US. (He acknowledged the trade probably wouldn’t pay off over the next three months.)

Treasury yields sunk to 1.45 percent at the end of May, the lowest in history.

Yet ValueWalk’s Matt Rego suggested that the short Treasury trade could become the new “Japanese widowmaker trade,” referring to the losses incurred betting again Japanese sovereign debt, which has been below 2 percent for more than a decade.

Perhaps the biggest widow was Pimco’s Bill Gross, who was burnt badly last year when he went net short US governments in his $235.9 billion bond fund under the rubric of his “new normal” investing philosphy.

US Treasurys rallied last summer despite the Congressional stalemate over raising the debt ceiling and the subsequent downgrade of the national debt by the credit-rating agencies. Gross reversed that call and has been buying Treasurys ever since.

“This is going to be a short-term phenomenon,” said a hedge-fund investor, referring to low Treasury yields. “But short can mean six years.”

mcelarier@nypost.com

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