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Justin Timberlake said to be joining Grizzlies sale as minority owner
It’s been reported that the deal to sell the Memphis Grizzlies to businessman Robert Pera hit a snag when it was discovered that his company, Ubiquiti Networks, had sold equipment into Iran illegally. Since then, Pera has been recruiting minority share partners to strengthen the deal and make it happen. It was reported today on…
Read MoreChinese clubs want NBA-style salary cap
(Reuters) – Teams in China’s professional basketball league are calling for an NBA-style basketball salary cap after a sharp rise in overseas players signing big-money contracts. “We’ve been talking about how to make it happen,” Bai Xilin, director of the Chinese Basketball Association (CBA) competition department, told the China Daily newspaper. “There is no timeline…
Read MoreSergi Vidal injured, fined by Unicaja
Sergi Vidal suffered a groin injury during off-season workouts, but because he didn’t inform the team immediately of the injury, they have decided to fine him half his salary during his recovery period, thought to be roughly a month. Vidal will undergo surgery to expedite the healing, a procedure that they say can reduce the…
Read MoreBeko signs on to be title sponsor for Italian Serie A
Beko, an international household appliance manufacturer with headquarters in Istanbul, has signed on to be the sponsor of the Italian Serie A league and Event League. Beko has been increasing their presence in European basketball community by inking deals to be major sponsors of various leagues since 2006. It was then that they agreed to…
Read MoreHouston Xperience to begin play in the ABA
Indianapolis, IN. The American Basketball Association (ABA) today confirmed that the Houston Xperience is set to begin play this season under the ownership of Kevin Williams, a native of Houston, Texas. “We’re very pleased that the Xperience will be playing this season,” stated Joe Newman, ABA CEO. “Kevin has an excellent team and organization and…
Read MoreChinese talent Guo Ailun turns down Panathinaikos
Guo Ailun stays in China, as luring a top talent away from the CBA appears to be a thing of difficulty. Guo, the youngest basketball player (18) to play in the 2012 London Olympics, was reportedly tempted to go, but “not so fast” said club and city officials. His presence in the Chinese Basketball League…
Read MoreReggie Miller to join Basketball Hall of Fame
Reggie Miller knows exactly what he will be most proud of when he is inducted in the Naismith Memorial Basketball Hall of Fame on Friday. Not his 25,279 NBA points, 14th all-time. Not his 2,560 three-pointers made, No. 2 all-time. Not his 18-year career with one team, the Indiana Pacers. It will be that he and his sister, Cheryl…
Read MoreMusic mogul to create professional league to rival D-League
Steve Rifkind is starting an American-based basketball league called the American Basketball League. Rifkind is the founder and chairman of Loud Records, as well as the CEO of SRC Records. Rifkind has worked with many hip hop musicians and also has worked on many marketing campaigns. An inaugural 24-game, 12-team season will begin in January…
Read MoreZadar players strike
Croatian and Adriatic team KK Zadar is is facing a difficult situation as its players have decided to go on strike. The club still owes several players salaries from last season. The board of the club is not unsympathetic to the action of the players, as many of them have not gotten paid for a…
Read MoreNCAA investigating UCLA’s recruiting class
After Shabazz Muhammad has already been ruled ineligible to participate in UCLA’s tour of China the NCAA investigating potential recruiting violations involving fellow freshmen Kyle Anderson and Tony Parker. UCLA’s recruiting class was ranked 2nd in the nation and Bruins were expected to be highly ranked in pre-season polls.
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