Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Basketball Association's"


25 mentions found


Ric Tapia | Getty Images Sport | Getty ImagesSports team owners benefiting from soaring team values are also facing new pressure from two of the oldest certainties in American wealth: death and taxes. With the average age of team owners rising, and team values skyrocketing into the billions, owners and leagues are increasingly focused on how to ensure smooth ownership transitions to the next generation of buyers. Succession and taxes have become especially important in the National Football League, where the average age of team owners is now over 72 and team values are all surging. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. So owners have to be planning for the potential for more punitive estate taxes in the coming years.
Persons: Ric Tapia, Stephen Amdur, Pillsbury Winthrop Shaw Pittman, Robert Frank, Pat Bowlen, Rob Walton, Bud Adams, Grant Halverson, Amy Adams Strunk, Tom Benson, Gayle, Jonathan Bachman, Joe Robbie, George " Papa Bear, Halas, George Halas, Amdur, That's, Roger Goodell Organizations: NFL, Los Angeles Rams, Houston Texans, NRG, Getty, Sports, Pillsbury, National Football League, Former Denver Broncos, Tennessee Titans, Minnesota Vikings, Getty Images Tennessee Titans, Longtime New Orleans Saints, National Basketball, New Orleans Pelicans, New, New Orleans Saints, Mercedes, Benz, Miami Dolphins, NBA, Chicago Bears, Bettmann Locations: Houston, Nashville , Tennessee, New Orleans, New Orleans , Louisiana
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. The National Basketball Association's exclusive media rights negotiating window with current partners Disney and Warner Bros. While no agreement is expected to be announced by the deadline, Disney and Warner Bros. Warner Bros. Discovery's TBS began airing NBA games in 1984, and TNT has shown NBA games since 1988.
Persons: LeBron James Organizations: Los Angeles Lakers, NBA, Los Angeles Clippers, Crypto.com Arena, Disney, Warner Bros, Apple, YouTube, Comcast, Netflix, CNBC, Discovery, TBS, TNT, ESPN, ABC, Fox Locations: Los Angeles
Co-owners Alex Rodriguez, right, and Marc Lore of the Minnesota Timberwolves during a game against the Los Angeles Lakers at Target Center Minneapolis, Minnesota, on Dec. 30, 2023. The National Basketball Association's Minnesota Timberwolves and the Women's National Basketball Association's Lynx are no longer for sale after a deal with former baseball great Alex Rodriguez and businessman Marc Lore fell apart, the teams' owner Glen Taylor said Thursday. In a statement to CNBC, Lore and Rodriguez said they are disappointed with Taylor's comments. However, those circumstances did not occur," Taylor's statement said. Some reports suggest that the relationship among Taylor, Lore and Rodriguez became strained since the original deal was made.
Persons: Alex Rodriguez, Marc Lore, Glen Taylor, Rodriguez, Marc, Alex, Taylor, Lore, Taylor's, Glen, Axios Organizations: Minnesota Timberwolves, Los Angeles Lakers, Target Center, Basketball Association's Minnesota Timberwolves, Women's, Basketball, Timberwolves, Lynx, CNBC, NBA, Carlyle Group, Western Conference Locations: Target Center Minneapolis , Minnesota
A toxicology report later showed that Chao had a blood-alcohol concentration of .233, the Blanco County Sheriff's Office said in its report. Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle. "Chao, who is still on the phone with Keinan, tells Keinan in a [calm] voice her feet are under water," the report said. "Chao told Keinan the water was rising and she was going to die, and said, 'I love you' to Keinan prior to the vehicle going under water." Both deputies entered the pond and tried repeatedly to locate Chao through the back door, "but were unable to," the report said.
Persons: Angela Chao, Pitbull, Chao, Mitch McConnell, Elaine Chao, Tesla, Jim Breyer, Breyer, Amber Landeau, Kienan, Keinan, Victoria Garcia, Victoria, Heela Yang Tsuzuki, One, James Chao, Bruce Wasserstein Organizations: U.S . Labor, Transportation, Blanco County Sheriff's, Ninth, Academy Museum of Motion Pictures, Harvard Business School, Rescue, Texas Rangers, FBI, Blanco County Sheriff's Office, American Bureau of Shipping Council, Harvard Business School's, Dean's Advisors, Metropolitan Opera, National Basketball, Boston Celtics, Facebook, Walmart, Marvel Entertainment, News Corp, Dell Locations: Los, Beverly Hills, Los Angeles , California, Johnson City, Austin, Ky, Texas, Blanco County, New York, Dubai
Rich Paul attends a basketball game between the National Basketball Association's Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020. He will work closely with Robinhood CEO Vlad Tenev to identify new partnership opportunities in the sports and entrepreneurship space. Paul, who founded Klutch in 2012, represents some of the biggest names in sports, including James. "When you think about what Robinhood represents, it represents access and entrepreneurship." Correction: Rich Paul is joining Robinhood as a strategic advisor.
Persons: Rich Paul, Robinhood, LeBron James, Rich Paul's, Paul, Vlad Tenev, Tenev, Rich, James, Klutch, Draymond, Trae Young, A'ja Wilson —, Klutch —, Ben Baller, brokerages Organizations: National Basketball, Los Angeles Lakers, Boston Celtics, Staples Center, Klutch Sport Group, CNBC, Klutch Sports, Klutch, United Talent Agency, Washington Wizards, Washington D.C, NBA, Robinhood, CNBC PRO Locations: Los Angeles, Robinhood, Washington, Metro, Akron
Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at a private residence in New York City on Oct. 21, 2010. Angela Chao, CEO of Foremost Group and the sister-in-law of Senate Minority Leader Mitch McConnell, died after her car went into a pond on a private ranch about 40 miles west of Austin, Texas, authorities said Friday. On Friday, the Blanco County Sheriff's Office said in a statement that on Saturday, it "responded to a possible water rescue on a private ranch located in Blanco County, TX." "On arrival Blanco County deputies along with Blanco County EMS and Fire recovered the body of Angela Chao from a pond on the ranch," the statement said. "EMS attempted emergency measures on Ms. Chao but she succumbed from being under the water," the statement said.
Persons: Angela A, Chao, Angela Chao, Mitch McConnell, Chao's, Jim Breyer, Elaine Chao, McConnell, Donald Trump's, George W, Bush, Ben Oakley, Oakley Organizations: New York City Opera, Foremost, Wednesday, Blanco County Sheriff's, Blanco County EMS, Fire, Harvard, National Basketball, Boston Celtics, Bank of, China State Shipbuilding Corporation, Transportation, Labor, CNBC Locations: New York City, Austin , Texas, Blanco County, Blanco County , TX, Blanco, Johnson City, Austin, Bank of China
Mat Ishbia, majority owner of the NBA's Phoenix Suns, talks to the media during his introductory press conference at the Footprint Center in Phoenix, Arizona, on Feb. 8, 2023. Phoenix Suns owner Mat Ishbia is forming a new sports, entertainment and real estate investment group as a single unifying place for his investments. The new investment or holding company will be called the Player 15 Group, the company announced Wednesday. It will house the National Basketball Association's Phoenix Suns, the Women's National Basketball Association's Phoenix Mercury and the newly acquired G-League team for the Suns. The group follows similar one-stop shop investment groups such as Fenway Sports Group, Harris Blitzer Group and The Kraft Group.
Persons: Mat Ishbia, Ishbia, Harris Organizations: Phoenix Suns, Footprint, Basketball, Phoenix Mercury, League, Suns, NBA, CNBC, Footprint Center, Phoenix, Mercury, Fenway Sports Group, Harris Blitzer Group, The Kraft Group, United Wholesale Mortgage, Forbes, Michigan State University Locations: Phoenix , Arizona, Phoenix
watch nowThe National Hockey League's Washington Capitals and the National Basketball Association's Washington Wizards are slated to move to Alexandria, Virginia, as part of a $2 billion entertainment complex effort, the state's Gov. The development, about 8 miles south of Washington, D.C., will house the new global headquarters for Monumental Sports & Entertainment, which owns the Capitals and Wizards, as well as the new home arena for the teams. Glenn Youngkin answers questions following the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, December 13, 2023 in Alexandria, Virginia. Win Mcnamee | Getty Images News | Getty Images"This is the most visionary sports and entertainment development in the world. Legislators will have to greenlight the creation of the complex in the next Virginia General Assembly session.
Persons: Glenn Youngkin, Win Mcnamee, Youngkin Organizations: Hockey League's Washington Capitals, National Basketball, Washington Wizards, Washington , D.C, Monumental Sports & Entertainment, Capitals, Wizards, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Virginia General Locations: Alexandria , Virginia, Washington ,, Commonwealth, Virginia
As the National Basketball Association's new season tips off this week, the league is seeing more international interest than ever. The NBA said it expects fans from more than 200 countries to tune in to games in more than 50 languages this season, with interest across international markets increasing significantly from last season. Global business accounts for about 10% of total team and league revenue, according to a person familiar with the matter. A significant factor driving the surge in international interest is the number of international players taking part in the league this season, according to Samantha Engelhardt, the NBA's senior vice president of global strategy and innovation. This season, all 30 NBA teams feature at least one international player, and 15 international players on opening-night rosters have been NBA All-Stars.
Persons: Nikola Jokic, Bones Hyland, Norman Powell, wasn't, Matt Brabants, Samantha Engelhardt, Nikola Jokić, Giannis Antetokounmpo, Victor Wembanyama, " Engelhardt, it's, Jokić Organizations: Denver Nuggets, Los Angeles Clippers, Crypto.com Arena, Basketball, NBA, Global, Milwaukee Bucks, San Antonio Spurs, Nuggets Locations: Los Angeles, India, Serbia, Greece, France
The National Basketball Association's New York Knicks are keeping it in the family for their next jersey patch sponsor. Madison Square Garden Sports announced Tuesday that Sphere Entertainment will become the NBA team's official jersey patch partner for the 2023-24 season. Terms of the jersey patch deal were not disclosed. The NBA's jersey patch sponsor program kicked off during the 2017-18 season and has been an important source of revenue for many clubs. Dolan reportedly was shopping around the jersey patch rights for $30 million, according to SBJ.
Persons: James Dolan, David Hopkinson, Micky Arison, Squarespace, Andrew Lustgarten, Dolan, SBJ, Patrick Rishe, Louis, Bob Dorfman Organizations: Association's New York Knicks, Madison, Garden Sports, NBA, Knicks, Boston Celtics, Garden, MSG Sports, Golden State Warriors, Brooklyn Nets, Los Angeles Lakers, Miami Heat, Carnival Cruise, Sports Business, Washington University, Pinnacle Advertising, CNBC Locations: Madison, Las Vegas, St
When Alex Rodriguez's teen daughters make mistakes, he wants them to feel comfortable enough to come clean to their parents. The 48-year-old former Major League Baseball All-Star, who retired in 2016, has made his own share of high-profile mistakes. It felt particularly important for Rodriguez, whose father left his family when he was 10 years old. It can help relieve anxiety, teach that no one is perfect and model the good behavior of taking responsibility for your actions. It's unrealistic to expect your children to never make mistakes, Rodriguez adds: If his daughters never messed up, he'd worry "they're not pushing hard enough."
Persons: Alex Rodriguez's, Rodriguez, he'd, , Rod Corp, Natasha, Mark Cuban, Warren Buffett Organizations: Major League Baseball, CNBC, Rod, National Basketball Association's Minnesota Timberwolves, University of Michigan, Global
Every media rights renewal for the NBA is an important event because it only happens about once a decade. But with the National Football League's media rights locked up until 2033, the NBA has a unique opportunity to play media kingmaker. CNBC first reported NBCUniversal's interest in again airing NBA games earlier this year. Carving up the piewatch nowThe NBA will have to balance demand against restricting supply to maximize the price for rights. Discovery's TNT, NBA TV, NBA League Pass or a regional sports network.
Persons: Jimmy Butler, Jamal Murray, Justin Edmonds, clamor, John Skipper, Ted Sarandos, Netflix hasn't, We've, Sarandos, that's, Netflix's Ted Sarandos, Jeff Kravitz, That's, Serbian Nikola Jokić, Victor Wembanyama, It's, Peacock, Michael Jordan, Discovery's Max, Aurelien Meunier, Kevin Durant Organizations: Miami Heat, Denver Nuggets, Ball Arena, Getty, Basketball, Comcast, Google, Apple, Netflix, YouTube, NBA, Disney, Warner Bros, Discovery, National Football, ESPN, Global, Slovenian Luka Dončić, Dallas Mavericks, San Antonio Spurs, NBCUniversal, NBC, CNBC, U.S, Metropolitans, Nielsen, Major League Soccer, Major League Baseball, ABC, TNT, NBA TV, Twitter Locations: Denver , Colorado, NBCUniversal, Hollywood , California, Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, Spain, United Kingdom, United States, Slovenian, Serbian, Levallois, Perret, U.S
People walk outside Madison Square Garden before a Knicks game amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., February 23, 2021. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsAug 21 (Reuters) - The National Basketball Association's New York Knicks sued rivals the Toronto Raptors in Manhattan on Monday, accusing the Raptors' new coaching staff of hiring a "mole" who gave the team their scouting reports and other confidential material. The Raptors hired Darko Rajakovic, previously an assistant coach with the NBA's Memphis Grizzlies, as their head coach in June. "Apparently, given his non-traditional path to his head coaching job, Defendant Rajakovic did not have his own, so he chose to exploit the Knicks' methods," it said. The Knicks requested an unspecified amount of damages and asked the court to permanently block the Raptors and Azotam from misusing their trade secrets.
Persons: Eduardo Munoz, Ikechukwu Azotam, Darko Rajakovic, Defendant Rajakovic, Rajakovic, Azotam, Blake Brittain, Alexia Garamfalvi, Rosalba O'Brien Organizations: Knicks, REUTERS, Association's New York Knicks, Toronto Raptors, Raptors, Representatives, MSG Sports, NBA's Memphis Grizzlies, NBA, Thomson Locations: Madison, Manhattan, New York City , New York, U.S, Washington
[1/2] Apr 7, 2023; Washington, District of Columbia, USA; Washington Wizards center Jay Huff (34) dunks the ball against the Miami Heat in the fourth quarter at Capital One Arena. Mandatory Credit: Geoff Burke-USA TODAY Sports/File PhotoJune 22 (Reuters) - The Qatar Investment Authority (QIA) is buying a passive minority stake in Monumental Sports & Entertainment, the parent of the Washington Wizards and the Washington Capitals, Sportico reported on Thursday, citing people familiar with the matter. Monumental declined to comment, while QIA did not respond to a Reuters request for comment. The report comes weeks after another deal in the sporting world that involved a Middle Eastern country. Reporting by Granth Vanaik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Jay Huff, Geoff Burke, Sportico, QIA, LIV, Granth, Maju Samuel Organizations: District of Columbia, Washington Wizards, Miami Heat, Capital, USA, Qatar Investment Authority, Monumental Sports & Entertainment, Washington Capitals, Basketball Association's Washington Mystics, NBC Sports Washington, PGA, Thomson Locations: Washington, District, USA, Saudi, Bengaluru
Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association's Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday. Jordan took a majority stake in the Hornets in 2010 for $275 million. Under the ownership of the six-time NBA champion Jordan, the Hornets have struggled, only making the playoffs two times. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors.
Persons: Charlotte, Michael Jordan, Basketball Association's Charlotte, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Schnall, Clayton, Dan Sundheim, J, Cole, Eric Church Organizations: Charlotte Hornets, Spectrum Center, Basketball Association's, Basketball Association's Charlotte Hornets, Hornets, NBA, of Governors, Tallwoods, NBA's Atlanta Hawks, Hawks, D1, North Carolina, Hornets Sports & Entertainment, G League, Greensboro Swarm, Spectrum, Forbes Locations: Charlotte , North Carolina, Dubilier
The league is borrowing $78 million from a syndicate of Black- and minority-owned banks and community development financial institutions. The loan deal will generate "tier 1 capital" for the banks and CDFIs. According to the National Black Bank Foundation, it will boost their lending power by millions through banking fees and interest. "These community banks sometimes have difficulty navigating down economic times. "These banks loan money to people and businesses that need it without being predatory.
Persons: Joe Siclare, Siclare, Ashley Bell, Martin Luther King, Bell, you'll, Dominik Mjartan Organizations: National Football League, National Black Bank Foundation, CNBC, NFL, National Basketball, Atlanta Hawks, Major League Soccer, Black, Bank of America, Silicon Valley Bank, Optus Bank Locations: Silicon, Columbia , South Carolina
NEW YORK, Feb 23 (Reuters) - Blackstone Inc (BX.N), the world's largest private equity firm, is set to raise as much as $10 billion for its tactical opportunities strategy, which gives it versatility to invest in a range of assets, people familiar with the matter told Reuters. Blackstone has amassed about $5 billion for the Blackstone Tactical Opportunities Fund IV, which was initially aiming to raise only $4 billion, Reuters previously reported. Blackstone has raised three previous tactical opportunities funds that cumulatively collected about $16.4 billion from investors since the first of them was first launched in 2012. The $6.7 billion Blackstone Tactical Opportunities Fund II and the Tactical Opportunities Fund III, which raised $4.09 billion, had generated a net internal rate of return of 14.1% and 11.7%, respectively, as of June last year, according to the California Public Employees' Retirement System. Blackstone's tactical opportunities division has about $34 billion in assets under management.
[1/3] Feb 7, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) celebrates after breaking the all-time scoring record in the third quarter against the Oklahoma City Thunder at Crypto.com Arena. For almost four decades fellow Lakers great Abdul-Jabbar had owned the mark and watched as James climbed the scoring table. The Chosen One, now widely referred to as "King James," finished the night with 38 points, bringing his career total to 38,390. The scoring record adds new fuel to the debate over who is the greatest basketball player ever, James or Jordan. "Me personally, I'm going to take myself against anybody that has ever played this game," said James after setting the record.
[1/2] Stephanie Linnartz, President of Marriott International speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. REUTERS/Mike BlakeDec 21 (Reuters) - Under Armour Inc (UAA.N) on Wednesday named veteran hotelier Stephanie Linnartz as its chief executive, betting that her experience in e-commerce and branding strategy will help revive sales at the apparel maker. Linnartz currently serves as president of Marriott International Inc (MAR.O) and has been with the hotel chain operator in various roles for the last 25 years. Interim CEO Colin Browne will resume his responsibilities as chief operating officer, Under Armour said in a statement. Linnartz will receive a base salary of $1.3 million per year and a one-time sign-on cash bonus of $375,000.
Billionaire Ishbia to buy Suns for $4 billion - ESPN
  + stars: | 2022-12-20 | by ( ) www.reuters.com   time to read: 1 min
Dec 20 (Reuters) - Billionaire Mat Ishbia will buy the National Basketball Association's (NBA) Phoenix Suns and women's team the Phoenix Mercury for $4 billion, ESPN reported on Tuesday. The deal would set a record in the league after Joe Tsai bought the remaining stake in the Brooklyn Nets in 2019 in a deal that valued the team at $2.35 billion. The Suns did not immediately respond to a request for comment. American Ishbia is president and CEO of United Wholesale Mortgage in Michigan. Reporting by Amy Tennery in New York; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Griner lands in U.S. as Russia's Bout greets family in Moscow
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Dec 9 (Reuters) - Basketball star Brittney Griner landed in the United States on Friday after 10 months in Russian detention that ended with a prisoner swap with arms dealer Viktor Bout who flew home hours earlier to embrace his family on the airport tarmac in Moscow. The two countries had swapped prisoners in April when Russia released former U.S. Marine Trevor Reed and the United States released Russian pilot Konstantin Yaroshenko. Griner, 32, a two-time Olympic gold medalist and star of the Women's National Basketball Association's Phoenix Mercury, flew in to San Antonio, Texas. She had been arrested on Feb. 17 at a Moscow airport after vape cartridges containing cannabis oil, which is banned in Russia, were found in her luggage. As Griner flew back home, Bout arrived in Moscow and hugged his mother and wife after stepping onto the tarmac, television images showed.
Dec 9 (Reuters) - A plane carrying basketball star Brittney Griner landed in the United States early on Friday, nearly 10 months after she was detained in Russia. Griner was released in a prisoner swap with Russia in exchange for arms dealer Viktor Bout and was heading home on Thursday, ending what President Joe Biden called months of "hell" for her and her wife. [1/3] The plane carrying U.S. basketball star Brittney Griner arrives, following her release from prison in Russia, in San Antonio, Texas, U.S., December 9, 2022. The swap was a rare instance of cooperation between the United States and Russia since the invasion of Ukraine. The two countries also swapped prisoners in April when Russia released former U.S. Marine Trevor Reed and the United States released Russian pilot Konstantin Yaroshenko.
REUTERS/Evgenia Novozhenina/Pool//File PhotoWASHINGTON, Dec 8 (Reuters) - U.S. basketball star Brittney Griner has been released in a prisoner swap with Russia and is on her way back to the United States, President Joe Biden said on Thursday, ending what he called months of "hell." The Russian foreign ministry said it traded Griner for Russian citizen Viktor Bout, a former arms dealer. The swap took place at the Abu Dhabi airport in the United Arab Emirates, Russian news agencies said. Biden and Vice President Kamala Harris spoke by phone with Griner from the Oval Office, along with Griner's wife, Cherelle. For experts on the Russian security services, Moscow's lasting interest in Bout hint strongly at Russian intelligence ties.
Griner arrived in the UAE capital of Abu Dhabi by private plane from Moscow as Bout was flown in on a private plane from Washington. Bout, nicknamed the "merchant of death," embraced a Russian official who greeted him and smiled broadly as he was led away. A joint UAE-Saudi statement said the UAE president and Saudi crown prince led mediation efforts that secured Griner's release. Griner was exchanged for Bout, a onetime Russian weapons dealer who had been convicted in the United States and imprisoned for 10 years. During the prisoner swap, Griner was met on the tarmac in UAE by chief U.S. hostage negotiator Roger Carstens.
Several law firms adopted the Mansfield rule in 2017, which aims to increase diversity in leadership. It's effectively the NFL's two-decade-old Rooney rule: a requirement that nonwhite candidates be considered when teams hire for coaching and front-office jobs. Law firms followed professional football in 2017 with its version of the Rooney rule, called the Mansfield rule. At first, the Rooney rule seemed to catch on when teams started to hire more coaches of color and a dozen general managers of color when that position was added to the Rooney rule. "For the Rooney rule to work," he said, "there has to be a true commitment from the owners.
Total: 25