Analysis: NBA teams going all-in, and that's what it takes
The 2023 NBA playoffs are more than nine months away, and one thing is already clear. The Minnesota Timberwolves grabbed a megaphone and announced that to the world when they traded multiple players and several first-round picks — one of them in 2029, which means that youngster is currently 12 and probably can’t dunk yet — to the Utah Jazz for Rudy Gobert. There are solid arguments that can be made for no fewer than seven teams right now when debating who’ll represent the West in this coming season’s NBA Finals: defending champion Golden State, along with Phoenix, Dallas, the Los Angeles Clippers, Memphis, Denver and Minnesota are all on that list.
news.yahoo.comDurant leads big rally at MSG as Nets storm past Knicks
Kevin Durant had 32 points, 11 assists and 10 rebounds, leading the Brooklyn Nets back from 21 points down to a 110-98 victory over the New York Knicks that strengthened their chances of the best spot possible in the Eastern Conference play-in tournament.
Giannis becomes Bucks' scoring leader in OT win over Nets
Giannis Antetokounmpo passed Kareem Abdul-Jabbar to become Milwaukee’s career scoring leader on a 3-pointer that forced overtime, and then made two free throws in the final seconds to give the Bucks a 120-119 victory over the Brooklyn Nets on Thursday night.
NBA is next up for a big rights increase, and $75 billion is the price
Early thinking within league circles suggests the NBA will seek a $75 billion rights package, up from its current $24 billion deal, which pays $2.6 billion per year. One person familiar with sports media deals said the NBA could get $70.2 billion over nine years, using metrics including total viewer hours, which helps networks determine the value of sports league rights. Should the NBA triple its rights and replicate its nine-year deal length, it would generate around $7 billion to $8 billion per season. The NBA also has a $1.5 billion streaming deal with Chinese-based company Tencent Holdings. The NBA has a good reason to seek more money for its rights.
cnbc.comNBA stars Kevin Durant and Chris Paul invest in banking app Goalsetter
Van Court, a former Nickelodeon executive, said the Goalsetter's uniqueness centers around financial literacy, especially among Black youth. "And it will unfreeze once that kid takes their financial literacy quiz." With her background leading NickJr.com, Van Court developed the quizzes for children and teenagers incorporating cultural and kid-friendly content with financial education. "We use humor, lyrics, personalities that kids can relate to, hip-hop, and culture to explain key financial literacy concepts," Van Court said. Goalsetter app Source: Goalsetter
cnbc.comAdam Silver has to get the NBA through one more Covid-shortened season, but the league could take off after that
Adam Silver, NBA Commissioner. Getty ImagesOn the eve of a new season, National Basketball Association Commissioner Adam Silver made clear his league would not jump the line to receive Covid-19 vaccines as the NBA attempts to normalize its business. The league elected to play a shortened 72-game season because of pandemic interruptions to its previous season, which ended in October instead of June like usual. The remaining task is managing a season where the Covid pandemic is worse than it was when the league resumed in July. Beyond this season, the league could help make up the difference by adding more teams, which brings expansion fees.
cnbc.com'Play ball!': Pro athletes like NBA star Kevin Durant turning to esports during coronavirus
A crowd packed with 76ers Gaming Club fans are seen during the game against Celtics Crossover Gaming during the NBA 2K League Playoffs on July 26, 2019 at the NBA 2K Studio in Long Island City, New York. The coronavirus has led to the abrupt hiatuses of the NBA, Major League Baseball and other popular sporting events, like March Madness and the 2020 Summer Olympic Games. Starting Friday, the NBA, the NBA Player Association and the video game company Take-Two Interactive and its 2K studio, which produces the popular game "NBA 2K2020," will partner with Disney's ESPN to air an esports tournament that features the likes of Durant, Trae Young and other NBA players. Knicks Gaming is one of the 23 esports teams comprising the NBA 2K League, a joint venture between the NBA and Take-Two Interactive. In a more recent interview, with DallasBasketball.com, since the coronavirus outbreak, Cuban said, "The capacity of NBA players to play video games, it's limitless!
cnbc.comNew York City Mayor Bill de Blasio criticizes "wealthy" NBA teams for coronavirus tests
New York City Mayor Bill de Blasio slammed NBA teams this week for having access to coronavirus tests after four Brooklyn Nets players tested positive for COVID-19. The NBA indefinitely suspended its season on March 11 after Jazz star Rudy Gobert tested positive for the virus. His Jazz teammate Donovan Mitchell and reportedly Pistons big man Christian Wood also tested positive. "Using the test results, we were able to take immediate precautions and strictly isolate the players who tested positive," she added. Kevin Durant, one of the league's biggest stars, said he was one of the Nets players who tested positive for the virus.
cbsnews.comKevin Durant says he's among Brooklyn Nets players to test positive for coronavirus: "We're going to get through this"
Kevin Durant says in a new interview that he's among four Brooklyn Nets players to test positive for the coronavirus. The Nets announced Tuesday that four players have but they did not identify the players. Only one player is exhibiting symptoms but all four are isolated under the care of team doctors. GettyAll players and members of the Nets travel party are being asked to self-isolate. But, with all due respect, an entire NBA team should NOT get tested for COVID-19 while there are critically ill patients waiting to be tested.
cbsnews.comNBA star Kevin Durant sells $12 million Malibu beach house before move to Netstake a look inside
NBA Golden States Warriors star Kevin Durant announced on Sunday that he was signing with the Brooklyn Nets with a four-year contract worth up to $164 million, according to ESPN. And on June 25, Durant sold his $12.15 million Malibu, California beach house, according to Architectural Digest, just months after it was listed in April for $13.49 million (or $70,000 a month to lease). Durant reportedly paid $12.05 million for the house over a year ago. Take a look inside the three-level beach house via the Instagram slideshows embedded below. The 3,423-square-foot, four-bedroom and six-bathroom home is located on Broad Beach, according to Los Angeles Times.
cnbc.comForget Kevin Durant: New York Knicks owner James Dolan's actual passion project is building futuristic, dome-shaped arenas
New York Knicks James Dolan has never made the team his number-one priority, much to the chagrin of the NBA team's exasperated fan base. MSG Spheres won't just house live concerts and other spectacles, they'll also be able to feature movies and media specifically for the arena. The Las Vegas MSG Sphere will have an interior giant movie screen of about 160,000 square feet, wrapping up, over and behind a stage. The idea is to make MSG Spheres the gold standard for modern venues. Kevin Durant, who won the 2017 NBA Finals MVP award with the Golden State Warriors, will not be playing for the New York Knicks next season.
cnbc.comLoss in MSG Networks' value on Monday could have covered over half of Kevin Durant's full deal
Shares of MSG Networks, the cable network that broadcasts the New York Knicks, plunged in early trading Monday after the team missed out on signing superstar player Kevin Durant and other marquee NBA free agents. The decline came even as the rest of the stock market enjoyed a huge rally. At its low of the day of $19.05 a share, MSG Networks had lost $130 million in market value on Monday. MSG Networks broadcast the vast majority of Knicks games. That would represent a loss of about $25 million in market value for MSG Networks.
cnbc.comDurant, Irving make Nets the talk of the town in New York
They agreed to deals with superstars Kevin Durant and Kyrie Irving as part of a sensational start to free agency, giving the longtime No. They also added center DeAndre Jordan, who played with Durant and Irving on the 2016 U.S. Olympic team that won the gold medal, and veteran swingman Garrett Temple. They might have to wait a year, as Durant could miss next season while recovering from a ruptured Achilles tendon. But with Irving taking controls of the offence and a promising young core around him, the Nets should be a playoff team, even while Durant recovers. The Nets got back to the playoffs last season after going 42-40, stamping themselves as a team on the rise.
cnbc.comNBA star Kevin Durant to sign 4-year contract with the Brooklyn Nets
Two-time NBA Finals MVP Kevin Durant confirmed on Sunday that he will sign a free agent contract with the Brooklyn Nets once the free agency moratorium ends on July 6. He will reportedly be joined by six-time NBA All Star Kyrie Irving, who will sign a four year $141 million deal with the Brooklyn Nets. Center DeAndre Jordan reportedly agreed to sign a deal with the Brooklyn Nets as well. Durant will miss the 2019-20 NBA season while recovering from a ruptured achilles tendon he suffered during Game 5 of the 2019 NBA Finals. Durant is a 10-time All Star, four-time scoring champion and a two-time NBA Champion with the Golden State Warriors.
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