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Joseph Tsai to buy rest of Nets, Barclays Arena for $3.4 billion

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NEW YORK — Joe Tsai has agreed to buy the remaining 51 percent of the Brooklyn Nets and Barclays Center from Mikhail Prokhorov in deals that two people with knowledge of the details say are worth about $3.4 billion.

Terms were not disclosed Friday, but the people told The Associated Press that Tsai is paying about $2.35 billion for the Nets – a record for a U.S. pro sports franchise – and nearly $1 billion in a separate transaction for the arena. They spoke on condition of anonymity because the transactions have not yet been completed.

Tsai is the co-founder and executive vice president of the Alibaba Group, the Chinese e-commerce giant. He already had purchased a 49 percent stake in the team from Prokhorov in 2018, with the option to become controlling owner in four years.

Instead, he pushed up that timeline for full ownership of a team on the rise after signing superstars Kevin Durant and Kyrie Irving in July.

Prokhorov, a Russian billionaire, became the NBA’s first non-North American owner in 2010 and oversaw the Nets’ move from New Jersey to Brooklyn two years later. He spent big in the first couple years after the move in a quest to chase a championship, but the team soon became one of the worst in the NBA before rallying to return to the playoffs last season.

“It has been an honor and a joy to open Barclays Center, bring the Nets to Brooklyn, and watch them grow strong roots in the community while cultivating global appeal,” Prokhorov said in a statement. “The team is in a better place today than ever before and I know that Joe will build on that success, while continuing to deliver the guest experience at Barclays Center that our fans, employees, and colleagues in the industry enjoy.”

The deal is expected to be completed by the end of September and is subject to approval by the NBA’s Board of Governors.

That would put Tsai, a native of Taiwan, in full control of the team by the time the Nets head to China to play two exhibition games against the Los Angeles Lakers in October. That comes at the start of a season of renewed excitement for the Nets, who just three seasons ago won an NBA-worst 20 games but are set to make a big move up the standings after landing two of the best players on the market when free agency opened.

“I’ve had the opportunity to witness up close the Brooklyn Nets rebuild that Mikhail started a few years ago. He hired a front office and coaching staff focused on player development, he supported the organization with all his resources, and he refused to tank,” Tsai said. “I will be the beneficiary of Mikhail’s vision, which put the Nets in a great position to compete, and for which I am incredibly grateful.”

Brett Yormark, the CEO of BSE Global, which manages the team and the arena, will oversee the transition before leaving for a new role.

Marcus Smart reportedly cleared to play for Team USA

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Through two weeks of training camp, first in Las Vegas then in Los Angeles, through one intrasquad scrimmage and one exhibition game, Marcus Smart has sat in street clothes.

The Celtics guard has a calf injury that has sidelined him. On Thursday in Los Angeles he took part in the shooting parts of practice during training camp, but not the full-contact scrimmages against the select team. All he could really do was this.

Friday night he never got out of his warmups and did not play against Spain, but he did say on the broadcast he would be back.

Turns out, he was cleared to be back the next day according to Mark Stein of the New York Times.

This takes away a little of the sting of De'Aaron Fox deciding to withdraw from the team just before it left on Saturday for Australia.

It also means four Celtics are on the USA roster: Smart, Kemba Walker, Jayson Tatum, and Jaylen Brown. USA assistant coach Steve Kerr jokingly said to me last week he asked Brad Stevens for a thank you gift for running Celtics mini-camp.

Smart is one of the 13 players headed down under for a series of tune-up games before the World Cup (against Australia and Canada). If he’s fully healthy enough to go, Smart is a lock to make the roster because of his physical perimeter defense and ability to shoot the three (36 percent last season in the NBA, and the international line is a little closer in). He likely would come off the bench at the two behind Donovan Mitchell.

Giannis Antetokounmpo puts on show against Italy in World Cup tune-up (VIDEO)

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NBA defenses cannot stop MVP Giannis Antetokounmpo.

So imagine what happens in an international game against lesser athletes and defenders.

Actually, you don’t have to imagine. Here are some highlights.

Antetokounmpo scored 18 points and pulled down eight rebounds 19 minutes of play, and Greece cruised to an 83-63 win. (Danilo Gallinari did not suit up for Italy in this one but will be on their World Cup roster.)

USA vs. Spain notebook: Celtics fans should like what they see

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ANAHEIM, Calif. — After listening to how defections had left Team USA weak and vulnerable, the Americans came out with a chip on their shoulder Friday night, played strong defense, showed they have plenty of athleticism and skill, and handled Spain 90-81 in a game that was not really that close.

Here are some other notes from Friday night’s exhibition game at the Honda Center (usually the home of the NHL’s Ducks)

Donovan Mitchell, who led Team USA with 13 points, summed up the feelings of the guys who did make a commitment to USA Basketball this summer:

“Me, I’m 22, some guys are older and got to rest their bodies and I understand that… For me, I’ve never been part of USA Basketball and I’m honored to be here, I’m honored to have this privilege to go out and compete.”

Marcus Smart was in street clothes and did not play on Friday night. Thursday at team practice he took part in some shooting drills but not the scrimmages or anything with contact. He continues to try to come back from a calf injury and make the World Cup roster.

• Smart said during the broadcast Friday that he is “100 percent confident” he will be back on the court with the team.

• Good news for Celtics fans: Jayson Tatum and Jaylen Brown both played well within the team concept, cutting off the ball and attacking when they had the chance. There was a comfort level and confidence with their games that was good to see again.

Tatum, in particular, made good decisions with the ball all night long, found teammates as cutters when defenders came to him, and seemed to do an improved job playing through contact (something he worked on this summer, and if FIBA ball they let more contact go so he needs it).

Kemba Walker‘s hesitation moves are just unfair.

• The USA’s starters were Harrison Barnes, Khris Middleton, Donovan Mitchell, Mason Plumlee, Kemba Walker.

• To start the second half, Myles Turner got the nod over Plumlee at center. Just a hunch on my part, but Turner is going to have some breakout games for the USA in China.

• Speaking of Myles Turner, this was the Tweet of the night.

• Of the three centers on the roster, Brook Lopez got the fewest minutes by a considerable margin. Lopez is considered a lock to make the roster, this may have been coach Gregg Popovich and staff wanting to get a longer look at Plumlee and Turner in game action (especially against NBA bigs on the Spanish side in Marc Gasol and Juancho Hernangomez). Not sure all three USA centers make the final roster cut.

• Middleton was the best player on Team USA Friday night. He always seems to make the right decision with the ball in his hands.

• This is Southern California, and the Laker fans were out in force. The Honda Center echoed with “Kuuuz” chants every time Lakers’ forward Kyle Kuzma touched the ball.

• Kuzma is considered one of the guys on the bubble to make the team, but he had a strong game on the boards and finished with seven points and five rebounds.

• In the third quarter, the USA rebounder passed ahead to Kuzma in transition, who pushed it up the wing but pulled up and went to the corner because Marc Gasol was back in the paint. As he pulled it out Kuzma found Derrick White as a trailer on break and threw him a pass, White got into the lane and hit an easy floater. When that happened, Popovich stood up and pointed at Kuzma and then Pop pointed at his head, acknowledging and loving the smart play by the Laker.

That was a sign of a maturing of Kuzma’s game, something the Lakers will need this season — and why playing for Popovich this summer is so good for him.

• You can see why Daryl Morey and the Rockets like Serio Llull — the 2017 EuroLeague MVP just knows how to play the game and is well rounded. Houston has Llull’s rights and have tried to lure him to the NBA, but he’s been happy playing for Real Madrid and so far has decided to stay in Spain.

DeMar DeRozan — a gold medalist with Team USA in the Rio Olympics — was in the arena with his children watching the action. Remember he plays for Popovich and the Spurs now (and is a SoCal native).

• In the final minute of a decided game, Team USA had a sloppy offensive possession then lost guys in transition leading to a Marc Gasol three. Popovich called a timeout with 53.4 seconds left to let his team hear about it. There was no chill.

Jalen Rose: Kevin Durant got upset and left my $10K fantasy-football league (video)

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Kevin Durant and LeBron James recorded a song together. Durant and Draymond Green at least were chummy. LeBron and Green have shared business ties.

NBA stars intermingle.

Apparently, those three played in Jalen Rose’s $10,000 fantasy-football league.

Rose:

Initially, KD was in our league. He got upset, and he left the league.

I’m telling you. He did.

LeBron was initially teammates with Randy. They came in last two years ago. He left. Randy stayed.

Draymond Green is still in the league. Maverick Carter is in the league, as well.

As if people needed more reasons to take cheap shots at Durant and LeBron.