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☆ Joel Embiid and Philadelphia 76ers agree to contract extension worth nearly $193 million
▼ + stars: | 2024-09-20 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Joel Embiid and the Philadelphia 76ers have agreed to a three-year, $192.9 million maximum contract extension, a source familiar with the contract figures told CNN. Taking his total career earnings to $514.8 million, Embiid would become the fifth member of the NBA’s $500M club, joining LeBron James, Stephen Curry, Kevin Durant and 76ers teammate Paul George. I had no idea when I was drafted as a 20-year-old kid from Cameroon how lucky I was to be in Philadelphia,” Embiid said in a statement. We’re ecstatic that this extension keeps him and his family in Philadelphia for years to come,” 76ers managing partner Josh Harris said in a statement. During his career, Embiid has made the All-NBA Team five times, the All-Star team in each of the last seven years, and was NBA scoring champion in both 2021-22 and 2022-23.

Persons: CNN — Joel Embiid, LeBron James, Stephen Curry, Kevin Durant, Paul George, “, ” Embiid, they’ve, Josh, Harris, David, Blitzer, “ Joel, Josh Harris, Embiid, George, Tyrese Maxey Organizations: CNN, Philadelphia 76ers, NBA, ESPN, The, 76ers, Sixers, USA, ” 76ers, Team, Star Locations: City, Cameroon, Philadelphia

☆ NFL team sales are likely to stall as valuations soar
▼ + stars: | 2024-09-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. 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. Seven of the last 10 NFL teams to be sold outperform the S&P 500 on a percentage-gained basis since the sale. Each of the last four NFL team sales has set a new record, showcasing the rise in valuations. WATCH: New England Patriots owner Robert Kraft on new NFL private equity ruleswatch now

Persons: Abbie Parr, Paul Allen, Allen's, Jody, Marc Ganis, Roger Goodell, It's, There's, Neal Pilson, That's, Ganis, —, Daniel Snyder, Josh Harris, Terry Pegula, Kim, Ralph Wilson, David Tepper's, Jerry Richardson, Rob Walton, Pat Bowlen, Virginia Halas McCaskey, George Halas, McCaskey, George McCaskey, They're, Goodell, Curtis Martin, Tracy Gallagher, Gallagher, Robert Kraft, Kraft Organizations: Getty, Seattle Seahawks, National Football League, Former Seahawks, Microsoft, NFL, Disney, National Basketball Association, Netflix, CBS Sports, Pilson Communications, NBA, Washington, Philadelphia 76ers, National Hockey League's New Jersey Devils, Billionaire, Buffalo Bills, Carolina Panthers, Panthers, Walmart, Denver Broncos, Bills, Broncos, Chicago Bears, Bears, The Miami Dolphins, Los Angeles Chargers, Ares Management, Sixth Street Partners, Arctos Partners, Equity, Blackstone, Carlyle Group, Capital Partners, Arta Finance, NHL, Major League Baseball, New England Patriots, CNBC Locations: U.S, Spain, Germany, Brazil

☆ Who will light the Olympic cauldron? Here are 10 potential candidates
▼ + stars: | 2024-07-25 | by ( Mark Puleo | ) www.nytimes.com time to read: +7 min

The lighting of the Olympic cauldron is a spectacle steeped in both tradition and secrecy. With just one day until the opening ceremony, the identity of the individual who will light the cauldron remains unknown. The 25-year-old led France to 2018 World Cup triumph, becoming the second teenager in history (after Pelé) to score in a final, then led France to another World Cup final in 2022. He was the team’s leading scorer during its 1998 World Cup title run and later transitioned to coaching after retirement. AdvertisementTony ParkerTony Parker had his number retired before a French Olympic tuneup game earlier this month.

Persons: Tony Estanguet, —, Marie, José Pérec Marie, José Pérec, Loup Gautreau, Pérec, Estanguet, Zinedine Zidane, Ballon, Zidane, headbutting Italy’s Marco Materazzi, Kylian, Mbappé, Real Madrid Omar Sy, Sy, Lupin, Haakon, Chung Sun, Emmanuel Macron, Macron, Thierry Henry Thierry Henry, Nicolas Tucat, Henry, Victor Wembanyama, Thomas Pesquet, Pesquest, Martin Fourcade Fourcade, Tony Parker Tony Parker, Maxime Gruss, Tony Parker, Star, Joel Embiid, Jean, Pierre Siutat, Athletic Embiid, Embiid, “, Weis, Naomi Osaka, Yuna Kim, Cordeiro de, Vladislav Tretiak, Wayne Gretzky, Steve Nash, Christian Petersen Organizations: Getty, Summer Games, headbutting, Real Madrid, Games, Globe, French, Arsenal, France, France’s U21, Space, Getty Images, San Antonio Spurs, NBA, FIBA, French Federation of Basketball, Athletic, Philadelphia 76ers, Blues, spurning Locations: Paris, France, AFP, Barcelona, Atlanta, Guadeloupe, Norway, South Korea, Pyeongchang, United States, French, Cameroon, spurning France, Tokyo, Rio de Janeiro, Cordeiro de Lima, Sochi, London, Vancouver

☆ Men’s basketball at the 2024 Paris Olympics: NBA player list, how to watch and Team USA’s top threats
▼ + stars: | 2024-07-24 | by ( Mike Prada | ) www.nytimes.com time to read: +16 min

The 2024 men’s Olympic basketball tournament at the Paris Games is overflowing with star power — and not just from Team USA. Even South Sudan, the lowest-ranked team in the tournament, proved its mettle by nearly upsetting Team USA in a tune-up matchup last weekend. White was a member of the 2019 FIBA World Cup team, while Edwards and Haliburton made their debuts at the 2023 FIBA World Cup. Twenty-seven of the 30 NBA teams will have at least one player participating in this tournament. Can Team USA do it again in 2024?

Persons: Seth, Giannis Antetokounmpo’s, LeBron James, Stephen Curry, Nikola Jokić, Team USA’s, Pierre Mauroy, It’s, James, Joel Embiid, Joel, Grant Hill, Curry, Embiid, Kevin Durant, Anthony Davis, Jayson Tatum, Kawhi Leonard, Anthony Edwards, Devin Booker, Bam Adebayo, Tyrese Haliburton, Leonard, Boston Celtics ’ Derrick White, Durant, Haliburton, Tatum, Holiday, Booker, Adebayo, Embiid Curry, Tatum James, Edwards Booker, Edwards, Davis, Jordi Fernandez, Shai Gilgeous, Alexander, he’s, Jamal Murray, Dillon Brooks, RJ Barrett, Zach Edey, Dwight Powell, Kelly Olynyk, Victor Wembanyama, Wembanyama, Rudy Gobert, Bogdan Bogdanović, They’ll, Dennis Schröder, Franz Wagner, Antetokounmpo, Patty Mills, Joe Ingles, Matthew Dellavedova, Josh Giddey, Josh Green, Dyson Daniels, — Rudy Fernández, Willy Hernangomez, Santi Aldama, we’re, Bruno Caboclo, ESPN’s Fran Fraschilla, Jose Alvarado —, Rui Hachimura, Luol Deng, Dante Exum, Jock Landale, Duop, Gui Santos, Luguentz Dort, Andrew Nembhard, Nickeil Alexander, Walker, Trey Lyles, Evan Fournier, Nicolas Batum, Bilal Coulibaly, Mo Wagner, Daniel Theis, Giannis Antetokounmpo, Jose Alvarado, Nikola Jović, Vasilije Micić, JT Thor, Usman Garuba, ’, We’ll, Giuseppe Cacace Organizations: Paris Games, Paris, Team USA, Luka Dončić’s, France, Germany, USA, Australia, CNBC, Team, Serbia, Pierre, Bercy Arena, NBA, NBC, South, Telemundo, Universo, The Philadelphia 76ers, U.S, USA Basketball, Tyrese, Boston Celtics, Embiid, BetMGM, Brooklyn Nets, Jordi Fernandez . Oklahoma City Thunder, Denver Nuggets, Houston Rockets, Toronto Raptors, Grizzlies, San Antonio Spurs, Minnesota Timberwolves, Atlanta Hawks, FIBA, Veteran NBA, Orlando Magic, Bahamas, New Orleans Pelicans, Los Angeles Lakers, Cleveland Cavaliers, Utah Jazz, New York Knicks, Timberwolves, Blazers, Mavericks, Spurs, Pistons, Tominaga, Pelicans, Olympic Locations: Giannis Antetokounmpo’s Greece, Luka Dončić’s Slovenia, London, Abu Dhabi, U.S, Canada, Serbia, South Sudan, Spain, Lille, France, Paris, Australia, Spain Germany, Japan France, Brazil Greece, Sudan, Puerto Rico Serbia, Greece Canada, Australia Japan, France Brazil, Germany, Puerto Rico, Serbia USA, Japan, Brazil Australia, Spain France, USA Serbia, USA, Greece, Brazil, Cameroon, Edwards, Tokyo, Haliburton, Holiday, Jordi Fernandez ., Nigeria, Valencia, ” Puerto Rico, Tremont Waters, . Puerto Rico

☆ Joel Embiid Believes He Could Have Been the GOAT
▼ + stars: | 2024-07-20 | by ( David Marchese | ) www.nytimes.com time to read: 1 min

If all goes according to plan, the star-laden American men’s basketball team will romp to a gold medal at the Paris Olympic Games next month. Which means that for one of the team’s linchpins, the Philadelphia 76ers star Joel Embiid, the most complicated challenge may have been choosing to play for the United States in the first place. Embiid, who is 30, is a native of Cameroon who also holds French and American citizenship. France aggressively courted Embiid, and his decision to instead join the U.S. team led to withering criticism from the French basketball community. (Cameroon’s team did not qualify for this year’s Games.)

Persons: Joel Embiid, Embiid Organizations: Paris Olympic Games, Philadelphia 76ers, U.S . Locations: United States, Cameroon, France

☆ Pat Williams: Orlando Magic co-founder dies at 84
▼ + stars: | 2024-07-18 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Orlando Magic co-founder Pat Williams has died at the age of 84, the NBA team announced in a news release on Wednesday. He helped the city of Orlando land an NBA team which became official in 1987 and the team began their inaugural season two years later. He served as the general manager of the Magic until 1996 when he was promoted to team senior vice president. Jennifer Pottheiser/NBAE/Getty Images“Pat Williams simply brought magic to Orlando,” team chairman Dan DeVos and CEO Alex Martins said in a joint statement. Armed with his ever-present optimism and unparalleled energy, he was an incredible visionary who helped transform the world of sports in multiple ways.”General Manager Pat Williams of the Orlando Magic smiles after receiving the No.

Persons: Pat Williams, Williams, “, ” Williams, Jennifer Pottheiser, Dan DeVos, Alex Martins, DeVos, Martins, Orlando Magic, Shaquille O'Neal, Bruce Bennett, Ruth Organizations: CNN, Orlando Magic, NBA, Philadelphia 76ers, Chicago Bulls, Atlanta Hawks, 76ers, ”, Wake Forest University, Wake Forest Sports Hall of Fame, Demon Deacons baseball, Philadelphia Phillies, Miami Marlins, Florida State League, Miami, Spartanburg, Phillies, Minor League Executive, The Sporting Locations: Orlando, Secaucus , New Jersey, S.C

☆ The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says
▼ + stars: | 2024-07-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

"We've had a tremendous amount of interest [from private equity firms], and we believe this could make sense for us in a limited fashion, probably no more than 10% of a team. The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an exclusive CNBC interview Thursday. "I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." Private equity incentives around reaching investment targets and exit thresholds could alter the motivations for ownership in ways that make the bigger sports leagues uncomfortable. Private equity firms, tasked with finding investment vehicles to make returns on their assets under management, may be better suited to minority ownership.

Persons: Roger Goodell, Goodell, CNBC's Julia Boorstin, We've, Josh Harris, Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, They're, Ted Leonsis, You'll Organizations: National Football League, Allen & Company Sun Valley, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, NFL, Allen & Co, Sun Valley Conference, CNBC, Apollo Global Management, Washington, Summit, Washington , D.C, NBA, Blackstone Group, Philadelphia 76ers, New Jersey Devils, Women's Soccer League, Washington Capitals, Wizards, Mystics, ESPN Locations: Sun Valley , Idaho, Washington ,

☆ Zaccharie Risacher: Who is the No. 1 overall pick in the 2024 NBA Draft?
▼ + stars: | 2024-06-27 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

Risacher was selected by the Atlanta Hawks with the first overall pick in the 2024 NBA Draft on Wednesday, making history in the process. The selection of the 19-year-old small forward means that for the first time in modern NBA Draft history, the No. His father, Stéphane, was part of the French team which won the silver medal in the men’s basketball competition at the 2000 Olympics Games in Sydney. 1 overall pick was but a dream for Atlanta by the end of last season as the team only had a 3% chance of landing the top pick in the lottery. He’s a versatile defender, a really good shooter and a high-IQ type player,” Hawks general manager Landry Fields said about the Risacher pick.

Persons: Victor Wembanyama, Risacher, Stéphane, Wembanyama, ” C’est, Bo u, ince, Johns, y McKie, sid e, Kell, ike, ady to do Organizations: CNN, Atlanta Hawks, ASVEL, Atlanta, Wembanyama, San Antonio Spurs Locations: Spain, France, Georgia, Málaga, Lyon, Sydney

☆ Analysis, fits for all 58 NBA Draft picks from John Hollinger and Sam Vecenie
▼ + stars: | 2024-06-26 | by ( John Hollinger | Sam Vecenie | ) www.nytimes.com time to read: +109 min

He’s going to be a killer rebounder, monster screener and will consistently establish his position even against some of the stronger NBA players. I’m done doubting Edey, even as an NBA player. As an enormous ballhandler with serious touch and incredible vision as a passer, Topić is clearly an NBA player, even if it doesn’t all translate. Shannon is an elite athlete, but the NBA game requires more nuance, especially if he continues to be an inconsistent shooter. However, I also think he’s more than just a floor spacer on offense in spot-up situations and potentially as an off-ball scorer.

Persons: Read Sam Vecenie’s, Sam Vecenie, John Hollinger, Zaccharie Risacher, Zaccharie, Risacher, he’s, he’d, —, Saddiq Bey, De’Andre Hunter, Jalen Johnson, Dejounte Murray, Alexandre Sarr, Chet Holmgren, Victor Wembanyama, Myles Turner, Wembanyama, Holmgren, Nic Claxton, Kyle Kuzma, Flagg, Reed Sheppard, Sheppard, Sheppard isn’t, he’ll, Lonzo, Tyrese Haliburton, savants, Houston couldn’t, He’s, Donovan Clingan, Ron Holland, Holland, haven’t, don’t, Aaron Gordon, Cade Cunningham, Trajan Langdon, Tidjane, it’s, Mark Williams, Miles Bridges, Jarrett Allen, Deandre Ayton, Clingan, Ayton, Robert Dillingham, Dillingham, Tyrese Maxey —, Maxey, Trae Young, Ja Morant, Morant, Young, Dennis Schröder, Mike Conley, Zach Edey, Edey, I’m, Joel Embiid, Zach Kleiman, It’s, Devin Carter, Matas, Cody Williams, Williams, isn’t, We’re, Buzelis, Patrick Williams, Nikola Topić, Nikola Djurišić, Topić, “ Vasa, Shai Gilgeous, Alexander, Carter, Carlton “ Bub ” Carrington, Bub Carrington, Carrington, White, Will, Kel’el Ware, Ware, doesn’t, Wood, There’s, Thomas Bryant, Orlando Robinson, Bam Adebayo, Philadelphia 76ers Jared McCain, Duke Vecenie’s, Jared McCain, McCain isn’t, Seth Curry, McCain, Dalton Knecht, He’ll, Knecht, Will Hardy, Erik Spoelstra, Tristan da Silva, Tristan da Silva’s, da Silva, Jett Howard, Da Silva, Johnny Furphy, Ja’Kobe Walter, Walter, Gary Trent Jr, Bruce Brown, Isaiah Collier, Scottie Barnes, RJ Barrett, Jaylon Tyson, Tyson, Yves Missi, Yves Missi’s, Clint Capela, Zion Williamson, Missi, Jonas Valančiūnas, Larry Nance Jr, DaRon Holmes, Holmes, Jaylin Williams, Zeke Nnaji, A.J, Johnson, Jackson, Giannis, Kyshawn George, Kyle Anderson, George, Washington, George ., Dadiet, evaluators, Tobias Harris, Harris, Dillon Jones, Jones, Cason Wallace, Lu Dort, Alex Caruso, Nikola, rebounder, Minnesota Timberwolves Terrence Shannon Jr, Terrence Shannon, Shannon, Bart Torvik’s, Buddy Hield, Jimmer Fredette, Chris Duarte, Ochai Agbaji, Matisse, Marshon Brooks, Quincy Pondexter, Lazar Hayward, Davon Reed, Carrick Felix, Orlando Johnson, Hield, Phoenix Suns Ryan Dunn, Ryan Dunn, I’ve, Herb Jones —, Dunn, Derrick Jones Jr, Herb Jones ’, Hollinger, Joanna Gaines, Utah Jazz Isaiah Collier, Collier, Kris Dunn, Baylor, Creighton Vecenie’s, Baylor Scheierman, closeouts, didn’t, Toronto Raptors Jonathan Mogbo, Francisco Vecenie’s, Jonathan Mogbo, Utah Jazz Kyle Filipowski, Kyle Filipowski, Kristaps, Nikola Jokić, Brook Lopez, Duke, Milwaukee Bucks Tyler Smith, Tyler Smith, Smith, let’s, AJ Johnson, Christian Wood, Bobby Portis, Tyler Kolek, Jalen Brunson, Antonio didn’t, Juan Núñez, Juan Núñez’s, Monte Morris, — Morris, McConnell, Sergio Rodriguez, Rodriguez, Núñez, Klintman, Ajay Mitchell, UC Santa Barbara Vecenie’s, Mitchell, Wells, wasn’t, Oso, Ighodaro, Nikola Vučević, Philadelphia 76ers Adem Bona, Adem Bona, Bona, Paul Reed’s, Charlotte Hornets K.J, Simpson, Simpson isn’t, AJ Griffin, Djurišić, Pelle Larsson, Pelle Larsson’s, Larsson, Duncan Robinson, Jamal Shead, Eric Bledsoe, Patrick Beverley, Shead, I’d, Kyle Lowry, Cam Christie, Christie, Nickeil Alexander, Walker, Max, Antonio Reeves, Reeves, He’d, Nate Duncan, hadn’t, That’s, Jordan Hawkins, San Antonio Spurs Harrison Ingram, Harrison Ingram, Ingram, Newton, Tristen Newton, . Indiana Pacers Enrique Freeman, Enrique Freeman, Paul, Millsap, Freeman, Melvin Ajinça, Quentin Vecenie’s, Ajinça, Trent, Cam Spencer, Spencer doesn’t, Spencer, Luke Kennard’s, Boston Celtics Anton Watson, Gonzaga Vecenie’s, Anton Watson, He’s switchable, Watson, James, Bronny James, that’s, Still, LeBron James, Kevin McCullar Jr, Kevin McCullar, Ulrich Chomche, Ariel Hukporti, Tristan Vukčević, Khalifa Diop, Karlo Matković, Marko Simonovic, Luke Hales Organizations: Hawks, Atlanta, Perth Wildcats, Defense, NBA, Wizards, Kentucky, Wildcats, UCLA, Tyrese, Iowa State, Stephon, Spurs, Ignite, League, Pistons, Deandre, Minnesota Timberwolves, 76ers, Dillingham, Purdue, IMG, intel, Grizzlies, Edey, Memphis, Colorado, Sunrise, Lithuanian GM, Bulls, Crvena Zvezda Vecenie’s, Mega, Red Star, doesn’t, Oklahoma City, Providence Vecenie’s, Sacramento, Kings, Washington Wizards, Blazers, Carlton, Pittsburgh, Indiana, Philadelphia 76ers, Duke, McCain, Philadelphia, Sixers, Tennessee, Lakers, NCAA Tournament, Baylor, Houston, Denver Nuggets, Suns, Dayton Vecenie’s, Nuggets, Denver, Ilawarra Hawks, Jackson, Bucks, Miami, New York Knicks, Ratiopharm Ulm, Knicks, Oklahoma City Thunder, Weber State, Golden State Warriors, Illinois, Wolves, Phoenix Suns, Virginia Vecenie’s, Alabama, Mavericks, Dallas, Utah Jazz, USC, Trojans, Jazz, Baylor Scheierman, Celtics, Hoop, Toronto Raptors, Francisco, Raptors, Brook, Utah, Milwaukee Bucks, Marquette, Mikal Bridges, . Indiana Pacers, SAS, Kansas, San Antonio Spurs, today’s NBA, Ratiopharm, Detroit Pistons, Cairns, UC Santa Barbara, Belgian, Thunder, Memphis Grizzlies, Washington, Washington State, Charlotte Hornets, Atlanta Hawks, G League, Rockets, Miami Heat, Arizona, SAC, Summer League, Minnesota, Pelicans, Clippers, New Orleans Pelicans, North Carolina Vecenie’s, Stanford, Ingram, Pacers, UConn, Akron Vecenie’s, Louisiana Tech, MAC, Dallas Mavericks, Saint, Boston College Vecenie’s, Boston College, Boston Celtics, Gonzaga, Los Angeles Lakers, G, NBA Academy Africa, NBA Academy, Melbourne United Locations: Zaccharie, Indiana, Washington, Kentucky, Iowa, Haliburton, Sheppard, Connecticut, San Antonio, Detroit, Portland, Dillingham, Minnesota, Memphis, Colorado, Lithuanian, Chicago, Oregon, Miami, Philadelphia, Tennessee, Utah, California, Atlanta, Orleans, Oklahoma, Dayton, Denver, Fla, Swiss, Dadiet, New York, Shannon, Kansas, Alabama, Virginia, Collier, Boston, Oklahoma City, Milwaukee, Marquette, He’s, Europe, Spain, Spanish, Ratiopharm Ulm, Núñez, NY, OKC, Arizona, Philly, Charlotte, ORL, North, Newton, Akron, Ajinça, Africa, DAL, Cleveland

☆ 26North founder Josh Harris on the state of markets amid the 2024 election cycle
▼ + stars: | 2024-06-13 | by ( ) www.cnbc.com time to read: +1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email26North founder Josh Harris on the state of markets amid the 2024 election cycleJosh Harris paid a record $6.05 billion to add the NFL's Washington Commanders to his firm's sports portfolio, which already included the NBA's Philadelphia 76ers, the NHL's New Jersey Devils and Crystal Palace of the English Premier League. The deal brought hope to one of the NFL's most storied teams and tortured fan bases. They hope Harris' track record in sports and as a successful hedge fund manager will put a winning team on the field and make the price Harris paid look like a real bargain. He joins CNBC's Andrew Ross Sorkin from the 2024 CEO Council Summit in Washington D.C. to discuss the state of markets ahead of the upcoming U.S. elections, his investing philosophy at 26North and much more.

Persons: Josh Harris, Harris, Andrew Ross Sorkin Organizations: NBA's Philadelphia 76ers, New Jersey Devils, English Premier League, Summit Locations: Washington

☆ 26North founder Josh Harris on the power of hiring great people
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email26North founder Josh Harris on the power of hiring great peopleJosh Harris paid a record $6.05 billion to add the NFL's Washington Commanders to his firm's sports portfolio, which already included the NBA's Philadelphia 76ers, the NHL's New Jersey Devils and Crystal Palace of the English Premier League. The deal brought hope to one of the NFL's most storied teams and tortured fan bases. They hope Harris' track record in sports and as a successful hedge fund manager will put a winning team on the field and make the price Harris paid look like a real bargain. He joins CNBC's Andrew Ross Sorkin from the 2024 CEO Council Summit in Washington D.C. to discuss his leadership style and much more.

Persons: Josh Harris, Harris, Andrew Ross Sorkin Organizations: NBA's Philadelphia 76ers, New Jersey Devils, English Premier League, Summit Locations: Washington

☆ Private equity investment in NFL teams is coming, Washington Commanders owner Josh Harris says
▼ + stars: | 2024-06-05 | by ( Ian Thomas | ) www.cnbc.com time to read: +6 min

"I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." While U.S. pro sports leagues had prohibited private equity investors previously, they've largely softened their stances in recent years, aside from letting any firm be a controlling owner of a team. "We've got a lot of interest in the private equity space," NFL Commissioner Roger Goodell said at the league's spring meeting in May. "We are making real progress on potential private equity. Ross Sorkin asked Harris if allowing private equity investors into sports would have any negative impacts on the teams or the league's overarching strategy as those investors look toward an exit.

Persons: Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, Jeff Bezos, Dan Snyder, Apollo Global Management —, Josh Harris, David Tepper, Rob Walton, Mat Ishbia, Joe Tsai, Steve Cohen, We've, Roger Goodell, Goodell, Ross Sorkin, Stanley Kroenke, I've, Kroenke Organizations: NFL, CNBC, Summit, Washington , D.C, Blackstone Group, 76ers, Devils, Amazon, NBA's Philadelphia 76ers, New Jersey Devils, Premier, Apollo Global Management, Washington Commanders, Carolina Panthers, Walmart, Denver Broncos, United Wholesale Mortgage, Phoenix Suns, Brooklyn Nets, New York Mets, MLB, Guggenheim Baseball Management, Los Angeles Dodgers, U.S, PE, NBA, Los Angeles Rams Locations: Washington ,

☆ Drew Gordon: Former NBA forward and brother of Denver Nuggets star dies at age 33
▼ + stars: | 2024-05-31 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +1 min

CNN —Drew Gordon, a former NBA forward and the brother of Denver Nuggets star Aaron Gordon, has died, according to the team. “The Denver Nuggets organization is devastated to learn about the tragic passing of Drew Gordon,” the team posted on X, formerly known as Twitter. ESPN reports the 33-year-old was involved in a car accident in Portland, Oregon, according to Gordon’s agent. Drew Gordon taking a shot against the Brooklyn Nets while a member of the Philadelphia 76ers on October 20, 2014. Nathaniel S. Butler/NBAE/Getty ImagesCNN has reached out to Gordon’s agent for comment and Portland police for details about the car accident.

Persons: CNN — Drew Gordon, Aaron Gordon, “, Drew Gordon, ”, “ Drew, Nathaniel S, Butler, Gordon, Enea, Drew Organizations: CNN, NBA, Denver Nuggets, ESPN, Brooklyn Nets, Philadelphia 76ers, Getty, Portland police, Rytas, Polish, 76ers, Facebook Locations: Portland , Oregon, Lithuania, Rytas Vilnius, Poland, Góra

☆ WNBA officially expanding to Toronto, first franchise to exist outside U.S.
▼ + stars: | 2024-05-23 | by ( Lukas Weese | Eric Koreen | ) www.nytimes.com time to read: +4 min

Toronto, the most populous city in Canada, will be home to the league’s 14th franchise, the WNBA announced Thursday at a news conference. AdvertisementLed by Toronto billionaire Larry Tanenbaum’s Kilmer Sports Venture, the unnamed franchise will use the 8,000-seat Coca-Cola Coliseum as its home arena. Tips off in 2026. pic.twitter.com/NjwjmetAiY — WNBA (@WNBA) May 23, 2024Teresa Resch, a former Raptors executive and the executive vice president for Kilmer Sports Venture, will serve as team president. Engelbert called it a “seminal moment” for Toronto in its feasibility to receive a WNBA expansion team. The WNBA team will add to the list of Toronto’s professional women’s sports franchises.

Persons: Larry Tanenbaum’s, Tanenbaum, ” Tanenbaum, “, Justin Trudeau, Doug Ford, Olivia Chow, Masai Ujiri, Scottie Barnes, Kyle Lowry —, ” Trudeau Organizations: WNBA, Area, Toronto, Larry Tanenbaum’s Kilmer Sports Venture, Cola, Associated Press, University of Toronto’s, ”, Toronto Raptors, Raptors, Philadelphia 76ers Locations: United States, Toronto, Canada, Vancouver, Montreal, Ontario

☆ Nikola Jokić arrives dressed as ‘Despicable Me’ character and inspires Denver Nuggets to playoff win over Los Angeles Lakers
▼ + stars: | 2024-04-21 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Nikola Jokić came dressed to steal the moon on Saturday, and helped the Denver Nuggets steal a march on the Los Angeles Lakers in Game 1 of their first-round NBA playoff series. On the court, meanwhile, Jokić posted a near triple-double with 32 points, 12 rebounds and seven assists to inspire the Nuggets to a 114-103 win over the Lakers and take a 1-0 lead in the playoff series. Jamal Murray added 22 points, six rebounds and 10 assists for the Nuggets. Elsewhere in the Western Conference on Saturday, the Minnesota Timberwolves defeated the Phoenix Suns 120-95 in Game 1 of their playoff series. Meanwhile in the East, the Cleveland Cavaliers downed the Orlando Magic 97-83 and the New York Knicks defeated the Philadelphia 76ers 111-104.

Persons: Nikola Jokić, Jokić, LeBron James, “ We’re, Michael Malone, “, you’re, ” Anthony Davis, James, Jamal Murray Organizations: CNN, Denver Nuggets, Los Angeles Lakers, Ball, Nuggets, Lakers, ”, Western Conference, Minnesota Timberwolves, Phoenix Suns, Cleveland Cavaliers, Orlando Magic, New York Knicks, Philadelphia 76ers Locations: Serbian, ” Denver

Learn moreThe 2024 NBA Playoffs tip-off on April 20 and, as usual, the games will air across several networks. We've put together everything you need to know about tuning in to the tournament, including how to watch the NBA playoffs live streams. If you're not sure how to tune in to the NBA Playoffs without cable, don't worry. ET on ABCHow to watch NBA Playoffs in the USNBA Playoffs games will be spread across ESPN, TNT, ABC, and NBA TV. Sign up for one of the live TV streaming packages with a US form of payment.

Persons: We've, You'll, Max, you'll, Hulu's, HBO Max, it's, VPNs, ExpressVPN Organizations: Business, NBA, Boston Celtics, Eastern Conference, Denver Nuggets, Oklahoma City Thunder, Western Conference, Celtics, Hulu, Orlando, Cleveland Cavaliers, ESPN Phoenix Suns, . Minnesota Timberwolves, ESPN Philadelphia 76ers, . New York Knicks, ESPN Los Angeles Lakers, ABC, US NBA, ESPN, TNT, Sling, Blue, Disney Plus, HBO, Warner Bros Locations: ExpressVPN, New York, Los Angeles, Chicago, Hulu

☆ One Potential Key to Knicks’ Season: Friendship
▼ + stars: | 2024-04-19 | by ( Tania Ganguli | ) www.nytimes.com time to read: +1 min

Researchers who study social networks in workplaces have found that having friends at work can make employees more productive and successful, not to mention happier. Friends can hold one another accountable in ways that acquaintances can’t, and a friend can help a new employee understand the workplace more quickly. So it was when Donte DiVincenzo signed with the N.B.A.’s New York Knicks in July. “It’s almost like you skip that introduction phase.”The Knicks have exceeded expectations this season. Some basketball pundits think this could be the year they reach the conference finals for the first time since 2000, when Brunson’s father, Rick, was a Knicks bench player.

Persons: can’t, Donte DiVincenzo, Julius Randle, Josh Hart, Jalen Brunson, “, ” DiVincenzo, Randle, Brunson’s, Rick Organizations: New York Knicks, Madison, Knicks, Eastern Conference, Philadelphia 76ers

☆ LeBron James headlines Team USA’s 2024 Paris Olympics men’s basketball squad
▼ + stars: | 2024-04-17 | by ( Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —USA Basketball unveiled the player roster Wednesday for the men’s team that will compete in the 2024 Paris Olympics. The team will be anchored by Los Angeles Lakers forward LeBron James, making his fourth appearance after skipping the past two Olympics. This will be the 36-year-old Curry’s first Olympic Games, making him the fifth player to represent the Warriors at an Olympics with Team USA. The US team will hold a training camp and exhibition games in Las Vegas in July, before traveling to Paris. The Opening Ceremony for the 2024 Paris Olympics will take place on July 26 with men’s basketball play beginning the following day.

Persons: ”, LeBron James, James, Anthony Davis, Stephen Curry, Kevin Durant, Devin Booker, Jayson Tatum, Anthony Edwards, Kawhi Leonard, Tyrese, Bam Adebayo, Joel Embiid, Paul Childs, Embiid, Steve Kerr, Gregg Popovich Organizations: CNN, USA, Tokyo Olympics, Los Angeles Lakers, Lakers, Golden State Warriors, Phoenix Suns, Boston Celtics, Minnesota Timberwolves, Los Angeles Clippers, Indiana Pacers, Miami, Olympic Games, Warriors, Team USA, Philadelphia 76ers, NBA, Tokyo Games, US Locations: Tyrese Haliburton, Cameroon, France, Las Vegas, Paris

☆ Photographer Paul Pfeiffer ‘camouflages’ celebrities in and out of the public eye
▼ + stars: | 2024-02-21 | by ( Ann Binlot | ) edition.cnn.com time to read: +6 min

The picture, “Four Horsemen of the Apocalypse (30),” is a 2015 work by the Filipino-American artist Paul Pfeiffer. He discovered the original image, a 1967 photograph by famed basketball photographer Walter Iooss Jr., on the NBA’s online archive. In fact, the “Four Horseman of the Apocalypse” series also started out with five other studio-shot portraits of Monroe. “Everything I think about in terms of film celebrities, is even more apt if we think of it in relation to athletes,” said Pfeiffer. Pfeiffer relates the fleeting relationship between stardom and anonymity to the age of influencers and social media stars in particular.

Persons: Converse Chuck Taylor, Paul Pfeiffer, Walter Iooss Jr, Bill Russell, John Havlicek, Wilt Chamberlain, Russell, Iooss Jr, ”, “ Paul Pfeiffer, Paula Cooper, Pfeiffer, —, “ They’re, ” Pfeiffer, “, Marilyn Monroe, George Barris, — Monroe, Marilyn —, Zak Kelley, Monroe, Norma Jean, Pfieffer Organizations: CNN, NBA, Boston Celtics, Philadelphia, NBA Eastern, Boston Garden, Museum of Contemporary Art, Hunter College, Parsons School of Design, Contemporary, Madison Locations: American, Pfeiffer’s reimagining, Los Angeles, New York, Chelsea, Santa Monica, Pfeiffer's

But he was wrong, and on Tuesday night, Orlando retired O'Neal's No. “Shaq put the Orlando Magic on the map. 32 retired by the Miami Heat — is the third player to have his jersey retired by three franchises, joining Wilt Chamberlain and Pete Maravich. O’Neal left Orlando after the 1995-96 season for the Lakers, having played 295 regular-season games with the Magic. “This is where it all started,” O'Neal said.

Persons: — Shaquille O'Neal, Orlando's, O'Neal, Orlando, I’ve, They've, Alex Martins, “ Shaq, ” O’Neal —, Wilt Chamberlain, Pete Maravich, Maravich, ” O'Neal, “, Kareem Abdul, Jabbar, Clyde Drexler, Julius Erving, Elvin Hayes, Bob Lanier, Moses Malone, Earl Monroe, Dikembe Mutombo, Oscar Robertson, Nate Thurmond, Charles Barkley —, Barkley, Bill Russell’s, Adam Silver, Michael Jordan, Kobe Bryant, O’Neal, Dennis Scott, — O'Neal, Orlando —, ___ Organizations: Star, O'Neal's, Orlando Magic, of Fame, Los Angeles Lakers, Miami Heat, Philadelphia 76ers, Golden State Warriors, Lakers, Atlanta Hawks, Utah Jazz, New Orleans Pelicans, Jazz, LSU, Turner Sports, NBA, Boston, Orlando Locations: ORLANDO, Fla, Orlando, New Orleans, Miami, Kobe

BOSTON (AP) — Jayson Tatum scored 35 points and sparked a third-quarter rally to help the NBA-leading Boston Celtics get their 40th win of the season, 133-129 over the Washington Wizards on Friday night. It was Tatum’s 20th game this season in which he scored 30 or more points. Deni Avdija had 24 points and 11 rebounds, and Corey Kispert also scored 24 for the Wizards, who have lost five straight. The Wizards stayed in it for most of the night, going 20 of 47 from the 3-point line. Washington led 71-64 at halftime, getting 19 points from Poole and 26 fast-break points against the NBA’s top-rated defense.

Persons: — Jayson Tatum, Kristaps Porzingis, Deni Avdija, Corey Kispert, Bilal Coulibaly, Tatum, Kyle Kuzma, ___ Organizations: BOSTON, NBA, Boston Celtics, Washington Wizards, Celtics, Wizards, Boston, Washington, Philadelphia 76ers, Saturday, Miami Heat Locations: Washington, Boston, Poole

PHILADELPHIA (AP) — Philadelphia 76ers team president Daryl Morey expressed optimism on Friday that reigning NBA MVP Joel Embiid would return from a knee injury in time for a possible postseason run. “We're hopeful,” Morey said before the 76ers hosted the Atlanta Hawks and three days after Embiid underwent surgery on his left knee. The initial report from the 76ers said that Embiid would be “re-evaluated” in four weeks. Morey declined to describe the exact procedure that Embiid had, which would have provided a clue to the significance of the injury. “Our priority was to get a big, but we wanted to add to our playoff rotation this year,” Morey said.

Persons: Daryl Morey, Joel Embiid, “, ” Morey, Embiid, Joel, ”, Morey, Jonathan Kuminga, Paul Reed, Buddy Hield, Cameron Payne, Patrick Beverley, Furkan Kourkmas, Jaden Springer, Marcus Morris Sr, Hield, Tyrese Maxey, Payne, Maxey, ___ Organizations: PHILADELPHIA, — Philadelphia 76ers, NBA, 76ers, Atlanta Hawks, Golden State, Philadelphia, Milwaukee, Hawks Locations: Danuel, Boston, Philadelphia

PHILADELPHIA (AP) — The slumping Philadelphia 76ers have acquired guard Buddy Hield from the Indiana Pacers for Marcus Morris Jr., Furkan Korkmaz and three second-round draft picks, a person familiar with the decision told The Associated Press on Thursday. The Sixers also sent Daniel House and a 2024 second-round pick to the Detroit Pistons, the person said. The House trade creates $4.3 million in cap space as part of the traded player exception. The trades have opened salary cap and roster space for the Sixers to pursue a player on the buyout market. Hield has been one of the top 3-point shooters in the NBA for years in both volume and makes.

Persons: Buddy Hield, Marcus Morris Jr, Furkan Korkmaz, Daniel House, Daryl Morey, Joel Embiid, Hield, Tyrese Maxey, Maxey, ___ Organizations: PHILADELPHIA, Philadelphia 76ers, Indiana Pacers, Associated Press, Sixers, Detroit Pistons, NBA, 76ers, Pacers, Sacramento Kings, Utah Jazz

PHILADELPHIA (AP) — Joel Embiid’s timeline to return to the Philadelphia 76ers is still unclear following knee surgery. His availability this summer for the U.S. Olympic team is just as murky. Kerr even hoped to meet up with Embiid -- out at least four weeks, likely much longer -- before the Warriors played the 76ers on Wednesday night. “Our fingers are crossed he’ll be healthy this summer and able to play,” Kerr said. “It looks like this summer would be a little bit of a last hurrah for some of the guys on the team,” Kerr said.

Persons: — Joel Embiid’s, Steve Kerr, Kerr, “ There’s, ” Kerr, “ We’re, Embiid, Erik Spoelstra, Tyronn, Mark Few, Gonzaga, “, ” Embiid, I’ve, Stephen Curry, Kevin Durant, LeBron James, Bam Adebayo, Devin Booker, Durant, Steph, Kevin, Anthony Edwards, Tyrese, Jalen Brunson, ” ___ Organizations: PHILADELPHIA, Philadelphia 76ers, U.S . Olympic, Embiid, Warriors, 76ers, USA Basketball, Paris Olympics, Los Angeles Clippers, France, Paris Games, Olympic, Germany, Paris, “, NBA, U.S, Golden State Locations: U.S, France, Miami, Cameroon, Serbia, Canada, Australia, Japan, South Sudan, Tyrese Haliburton, paris

PHILADELPHIA (AP) — Philadelphia 76ers center Joel Embiid will be evaluated in four weeks after he underwent surgery Tuesday to address an injury to the lateral meniscus in his left knee. The 76ers did not release any kind of timetable on Embiid's return. But there is no doubt, given the nature of the injury, that Embiid will miss a significant amount of time. Embiid, the winner of the past two NBA scoring titles, hurt his left knee last Tuesday night in a loss at Golden State. Photos You Should See View All 45 ImagesThe 76ers fell to 4-11 without him this season after Monday night's loss to Dallas.

Persons: Joel Embiid, Embiid, ___ Organizations: PHILADELPHIA, — Philadelphia 76ers, 76ers, Golden State, San, Dallas Locations: San Antonio

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