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DETROIT (AP) — The family foundation of NBA team owner Dan Gilbert will give nearly $375 million for a 72-bed rehabilitation center for stroke patients in Detroit and a research institute that will focus on a genetic disease that afflicted his son, officials announced Wednesday. Gilbert, the billionaire owner of the Cleveland Cavaliers and founder of Detroit-based Rocket Companies, had a stroke in 2019 and received extensive care in Chicago. He said his foundation would create a $10 million fund to help low-income residents who get care at the new Detroit rehab center. Gilbert's foundation is also creating the Nick Gilbert Neurofibromatosis Research Institute with Henry Ford Health and Michigan State University. "Today, we double down on our commitment and honor Nick’s passion for a future without neurofibromatosis,” his mother, Jennifer Gilbert, said.

Persons: Dan Gilbert, Gilbert, “ I’m, Shirley Ryan AbilityLab, Henry Ford, Nick Gilbert, ”, Jennifer Gilbert Organizations: DETROIT, NBA, Cleveland Cavaliers, Detroit, Companies, Henry, Henry Ford Health, Nick Gilbert Neurofibromatosis Research, Michigan State University Locations: Detroit, Chicago

☆ Schonfeld's growing pains: Ryan Tolkin reckons with his greatest challenge yet as returns dry up at the $13 billion hedge fund
▼ + stars: | 2023-08-23 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

When it was raising fresh money from investors in 2020, one slide on the pitch deck for the hedge fund Schonfeld Strategic Advisors got to the heart of the issue: "Why Schonfeld?" A hedge fund recruiterAmid the weakness, the fund has begun to prune costs. Steve Schonfeld (class of 1977) and Brad Tolkin (class of 1976) attended Roslyn High School in Roslyn Heights, New York. Tolkin told Insider in 2019 that the firm's goal was no less than becoming "the premier equities hedge fund globally." While Steven Schonfeld's 20% annual-return goals would've been ambitious for any sizable hedge fund, returns have also lagged behind peers.

Persons: Israel Englander, Ryan Tolkin, Steve Schonfeld, hasn't, It's, Schonfeld, Quita Ramirez, Trina Geatz, who've, Tolkin, Goldman Sachs, Andrew Fishman, Goldman Sachs —, Steven Schonfeld's, Ryan Tolkin's, Brad Tolkin, Brad, Jeff, Alex Morrell Steve, CJ, Sean, Ryan, Brad Tolkin's, Steven Schonfeld, Ryan —, who's, Steve, Michael Gelband, Michael Englander, Izzy Englander's, Steven, Sharpe, Fishman, Michael Nagle, Colin Lancaster, would've, Brevan Howard, ExodusPoint Organizations: Citadel, Duke, Goldman, Long, Newsday, Schonfeld Securities, Roslyn High School, American Express, Cleveland Cavaliers, Jewish, —, Bloomberg, Strategic Partners, Equity, Schonfeld, Nasdaq, Management Locations: Israel, Miami, Stamford , Connecticut, Manhattan, Delta, Duke, Long Island, Roslyn Heights , New York

☆ Cavs' Rubio to take break from basketball, cites mental health
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +1 min

Aug 5 (Reuters) - Ricky Rubio of the NBA's Cleveland Cavaliers said on Saturday he will take a break from basketball so he can focus on his mental health, a move that comes shortly before his Spanish national teammates defend their FIBA World Cup title. "I have decided to stop my professional activity to take care of my mental health," Rubio said in a statement released by the Spanish Basketball Federation, or FEB."I want to thank all the support I have received from the FEB to understand my decision. Rubio returned to action in January and averaged 5.2 points, 3.5 assists per game with the Cavaliers. "We were informed today by Ricky and his representation that he has decided to step away from his illustrious basketball career to focus on his mental health at this time," the Cavaliers said in a statement. Reporting by Frank Pingue in Toronto; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Ricky Rubio, Rubio, " Rubio, Ricky, Frank Pingue, Hugh Lawson Organizations: NBA's Cleveland Cavaliers, Spanish, FIBA, Spanish Basketball Federation, Cavaliers, Thomson Locations: Philippines, Japan, Indonesia, Toronto

☆ Billionaire DeVos family looks to DeSantis, not Trump, in 2024
▼ + stars: | 2023-08-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Octavio Jones | ReutersThe billionaire DeVos family, whose matriarch, Betsy DeVos, served in Donald Trump's Cabinet, appears to be backing a Trump rival in the 2024 Republican presidential contest: Florida Gov. And though the Federal Election Commission filing does not name any member of the DeVos family, the Michigan billionaires own the team. Following publication of this story, Betsy DeVos' chief of staff, Nate Bailey, said she was "undecided and uncommitted on the race for president, as is the entire DeVos family." Leah Millis | ReutersA spokesman for the DeVos family investment firm, RDV, did not respond to requests for comment. But that curriculum is exactly what draws members of the DeVos family to DeSantis.

Persons: Ron DeSantis, Octavio Jones, DeVos, Betsy DeVos, Donald Trump's, wokeness, Joel Glass, Governor DeSantis, Glass, DeSantis, Dick DeVos, Dan DeVos, Nate Bailey, Bailey, Leah Millis, RDV, Jason Miller, Ron DeSanctimonious, Miller, Betsy, Tudor Dixon, Trump, Joe Biden, Mike, Pence, Darius Garland, Schofield Organizations: Florida Gov, Cambridge Christian School, Trump, Republican, DeSantis, NBA, Orlando, CNBC, Governor, Orlando Magic, . Education, Federal Commission, School, White, Washington , D.C, Reuters, Michigan Republican, Trump's, Make, Inc, FEC, Detroit, RDV, Cleveland Cavaliers, National Basketball Association, Getty Locations: Florida, Tampa , Florida, Michigan, Central Florida, Washington ,, Cleveland , Ohio

☆ Only 1% of US wineries are Black-owned. These entrepreneurs want to change that
▼ + stars: | 2023-06-19 | by ( Jeremy Harlan | ) edition.cnn.com time to read: +8 min

It’s a problem that the guests at the Black on Black dinner, and many others, hope to change. “What we’re trying to do is change what leadership looks like and bring more people into the wine industry. Ikimi Dubose-Woodson leads The Roots Fund, a non-profit working to create opportunities for minorities to have successful careers in the wine industry. “The amount of money and wealth that’s generated in the wine and spirits industry is never talked about,” said Burston. Connection and communicationA lack of communication between the predominantly White-owned wine industry and minority communities has also slowed diversity efforts, several dinner guests agreed.

Persons: Channing Frye, CJ McCollum, Carmelo Anthony, Chris Paul, Dwyane Wade, Damian Jones, Marcus Samuelsson, “, Alicia Towns Franken, ” Franken, Franken, Jeremy Harlan, CNN Franken, George Floyd, Breonna Taylor, ”, Ikimi Dubose, Woodson, “ It’s, ” Dubose, Donae Burston, Burston, I’m, Dubose, Nathan Lefebvre, Frye, Jay, we’ve, ’, ” Frye, Amir Shafii, you’re Organizations: Aspen, Colorado CNN, NBA, Wine Co, Association of African, CNN, Wine, Roots Fund, Fund, Blacks, La, Cleveland Cavaliers Locations: Colorado, Caribbean, Chicago, Aspen , Colorado, Holstein

☆ Denver Nuggets beat Miami Heat to win first NBA title
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] Jun 12, 2023; Denver, Colorado, USA; Denver Nuggets center Nikola Jokic (15) battles for a rebound against Miami Heat forward Jimmy Butler (22) and center Bam Adebayo (13) during the third quarter of game five of the 2023 NBA Finals at Ball Arena. Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJune 12 (Reuters) - Led by 28 points from Nikola Jokic, the Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. Of the 36 teams that have fallen behind 3-1 in an NBA Finals only one, the 2016 Cleveland Cavaliers, came back to claim the Larry O’Brien Championship Trophy. Making the task even more daunting, Ball Arena has been a virtual fortress for the Nuggets, who were 9-1 at home during the postseason.

Persons: Nikola Jokic, Jimmy Butler, Bam Adebayo, Isaiah J, Downing, Jokic, Michael Porter Jr, Larry O’Brien, Steve Keating, Christian Schmollinger Organizations: Denver Nuggets, Miami Heat, Ball, USA, NBA, Nuggets, Milwaukee Bucks, Milwaukee Bucks , New York Knicks, Boston Celtics, Cleveland Cavaliers, Thomson Locations: Denver , Colorado, USA, High City, Serbian, Milwaukee Bucks ,, Miami, Toronto

☆ Job done, says Jokic, as Nuggets beat Heat to win first NBA title
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +3 min

June 12 (Reuters) - The Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City, with Serbian big man Nikola Jokic scoring 28 points and being named the Most Valuable Player of the Finals. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. "The job is done, we can go home now," said Jokic, whose trophy case also includes two NBA MVP Awards. [1/7] Jun 12, 2023; Denver, Colorado, USA; The Denver Nuggets celebrate after winning the 2023 NBA Finals against the Miami Heat at Ball Arena. But after a timeout the refocused Heat went on a 11-2 run of their own to retake lead as a wild opening quarter ended with Miami up 24-22.

Persons: Nikola Jokic, Jokic, I'm, Michael Porter Jr, Jamal Murray, Jimmy Butler, Larry O’Brien, Kyle Terada, Tyler Herro, Butler, Bruce Brown, Michael Malone, I've, ” Malone, Steve Keating, Peter Rutherford Organizations: Denver Nuggets, Miami Heat, NBA, Ball, Nuggets, Milwaukee Bucks, Milwaukee Bucks , New York Knicks, Boston Celtics, Cleveland Cavaliers, The Denver Nuggets, Miami, Denver, Thomson Locations: High City, Serbian, Denver, Miami, Milwaukee Bucks ,, Denver , Colorado, USA, Toronto

☆ San Antonio Spurs Get the No. 1 Pick in the N.B.A. Draft Lottery
▼ + stars: | 2023-05-16 | by ( Sopan Deb | ) www.nytimes.com time to read: +2 min

He plays for Metropolitans 92, a professional French league team, where he is averaging 21.6 points and 10.5 rebounds per game. G League hosted his team for a two-game exhibition near Las Vegas in October, and the N.B.A. The draft order is decided by a lottery that grants teams with worse regular-season records better odds for the No. This system has led to teams being accused of tanking — not prioritizing winning to position themselves for high draft picks. The three teams with the best chance — 14 percent — to get the top pick this year were the Detroit Pistons, the Houston Rockets and the San Antonio Spurs.

☆ Heat become first eighth seed to reach Conference Finals in 24 years
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +1 min

Six-time All-Star Jimmy Butler put up 24 points with eight rebounds and four assists to steer the Heat past a Knicks team that was desperate to stay alive in front of a raucous Miami crowd. They will next meet either the Philadelphia 76ers or Boston Celtics, who eliminated them in the conference finals a year ago. "We've been in games like this all year long, we're prepared for it," Butler said in a televised interview. The Heat, who dominated first seeded Milwaukee Bucks in their opening round, are only the second eighth seed to reach the conference finals after the Knicks, who did it in 1999. Reporting by Amy Tennery in New York; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ LeBron James vs. Steph Curry: Old rivalries reignite as LA Lakers face Golden State Warriors
▼ + stars: | 2023-05-02 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

LeBron James and the Los Angeles Lakers took down the Memphis Grizzlies 4-2 in the opening round of the playoffs. In another battle of the old vs. the young, the Golden State Warriors beat the Sacramento Kings in an exhilarating seven-game series. José Luis Villegas/APBattles of old2015 FinalsThe first NBA Finals matchup between LeBron and Steph was in 2015. Greg Nelson/Sports Illustrated/Getty Images2017 FinalsThe Golden State Warriors responded to their 2016 Finals loss by recruiting Kevin Durant in the off-season. Following a disappointing end to his second stint with the Cavaliers, LeBron moved across to the West and signed with the Los Angeles Lakers.

Games are split between TNT, ESPN, ABC, and NBA TV; you can stream them with a live TV service like Sling. NBA Playoffs livestream quick linksUS TV broadcasts: TNT, ESPN, NBA TV, ABC/ESPN3 via Sling Orange ($51/month)Watch from anywhere: Use ExpressVPN service to stream from Sling TVStart time: Playoffs being April 15 at 1 p.m. How to watch the NBA Playoffs in the USYou can watch the NBA Playoffs on ESPN, TNT, ABC, and NBA TV, with select games scheduled across each channel. How to watch the NBA Playoffs with a VPNSign up for a VPN if you don't already have one. ET TNT2023 NBA Playoff bracketThe NBA Playoffs bracket includes eight teams from each conference in the first round.

☆ News outlets, athletes, celebs — and the White House — don't plan to pay for Twitter Blue checks
▼ + stars: | 2023-04-01 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

Several news outlets and high-profile Twitter users have said they don't plan to pay for Twitter Blue. As of Saturday afternoon, the "legacy" checks appear to remain active across the platform. Individuals can subscribe to Twitter Blue for $8 per month. Several news outlets have said they don't plan to pay for the gold check. Others don't plan to reimburse journalists who pay for Twitter Blue, largely saying that since blue checks only convey a user paid $8, they no longer provide the credibility they once did, according to CNN.

☆ New York's iconic 'Captain' Reed dies at 80
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Vincent Carchietta-USA TODAY SportsNEW YORK, March 21 (Reuters) - Hall of Famer Willis Reed, the beloved former New York Knicks player who won two championships, has died at the age of 80, the National Basketball Retired Players Association said on Tuesday. "As we mourn, we will always strive to uphold the standards he left behind," the Knicks said in a statement. Reed became the first to earn regular-season MVP, Finals MVP and All-Star MVP honors in one season in 1970, before leading the Knicks to their second championship in 1973. "He played the game with remarkable passion and determination, and his inspiring comeback in Game 7 of the 1970 NBA Finals remains one of the most iconic moments in all of sports." Reporting by Amy Tennery in New York Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Damian Lillard erupts for 71 in Blazers' win
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +7 min

Jerami Grant added 13 points and Nassir Little scored 11 for Portland, which connected on 54.5 percent of its field goal attempts and was 20 of 39 from 3-point range. Doncic scored 26 points with nine rebounds, while Irving had 21 points and 11 assists. Ayton also grabbed a team-high 11 rebounds and blocked three shots. Nikola Vucevic added 16 points and 13 rebounds for his 39th double-double of the season, third most in the NBA. Jakob Poeltl added 13 points and nine rebounds for the Raptors, who were coming off a win over the host Detroit Pistons on Saturday.

☆ LeBron reignites 'GOAT' debate after breaking NBA scoring record
▼ + stars: | 2023-02-08 | by ( Frank Pingue | ) www.reuters.com time to read: +4 min

"I know what I bring to the table every single night and what I can do out on this floor. "I always say Michael Jordan is the GOAT. Former NBA coach George Karl, whose teams went up against both Jordan and James, also weighed into the GOAT debate last month. Karl suggested Jordan would have been even more dominant in today's game amid a league-wide trend in favour of offense. "Anyone who is debating Michael's GOAT status doesn't realize he would average a 40 PPG triple double in the modern game!"

☆ Factbox: Profile of all-time top scorer LeBron James
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +3 min

Feb 7 (Reuters) - Factbox on LeBron James, who became the NBA's all-time leading scorer on Tuesday. * Averages 20.9 points a game in his debut season to become the first Cavaliers player to win the Rookie of the Year award. * The following year he takes his revenge on the Spurs in the final as the Heat win back-to-back titles. * The Lakers win the 2020 championship title - their first since 2010. * In January 2023, two weeks after his 38th birthday, James becomes only the second player to score 38,000 career points.

☆ The 'Chosen One' fulfils destiny as James claims scoring record
▼ + stars: | 2023-02-08 | by ( Steve Keating | ) www.reuters.com time to read: +6 min

[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.

☆ The Many Ways LeBron James Can Score
▼ + stars: | 2023-02-08 | by ( ) www.nytimes.com time to read: +6 min

career scoring record of 38,387 points. teams shoot nearly twice as many 3-pointers as they did when James began his career in 2003. James, in a testament to adaptability, dethroned Abdul-Jabbar by scoring in all kinds of ways and learning new skills as the game changed around him. Photographs by Bedel Saget/The New York Times “His longevity is just remarkable. This playing style earned Olajuwon the 12th spot on the N.B.A.’s career scoring list.

☆ Cavaliers use balanced attack to rout Wizards
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] Feb 6, 2023; Washington, District of Columbia, USA; Cleveland Cavaliers guard Darius Garland (10) advances the ball against Washington Wizards guard Monte Morris (22) during the first half at Capital One Arena. Mandatory Credit: Brad Mills-USA TODAY SportsFebruary 7 - Darius Garland and Jarrett Allen scored 23 points apiece as the visiting Cleveland Cavaliers routed the short-handed Washington Wizards 114-91 on Monday. Isaac Okoro scored 12 points and Caris LeVert had 10 points and eight rebounds. Will Barton scored 15 points, Deni Avdija added 12, Daniel Gafford had 11 points and eight rebounds and Monte Morris tallied 10 points and seven assists. Cleveland has won its last three meetings against the Wizards, including a 117-107 overtime victory on Oct. 23.

☆ Nets trade All-Star guard Kyrie Irving to Mavericks, reports say
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +2 min

Feb 5 (Reuters) - The Brooklyn Nets have traded All-Star guard Kyrie Irving, whose tenure with the club included dozens of missed games due in part to his refusal to get the COVID-19 vaccine, to the Dallas Mavericks, according to reports on Sunday. Prior to his apology, the Nets suspended Irving for at least five games, saying that despite holding two news conferences, he had refused to disavow anti-Semitism. That followed a 2021-22 season during which Irving played only 29 of the Nets' 82 regular season games as he refused to comply with New York City's COVID-19 vaccine mandate. Irving was selected with the first overall pick of the 2011 NBA Draft by the Cleveland Cavaliers, where he spent six seasons before being traded to the Boston Celtics. Reporting by Frank Pingue in Toronto Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

LOS ANGELES, Feb 4 (Reuters) - Lakers forward LeBron James returns to Los Angeles on the verge of becoming the NBA's all-time leading scorer after wrapping up a five-game road trip in New Orleans on Saturday night. 'King James' now needs just 36 points to pass fellow Lakers great Kareem Abdul-Jabbar's record 38,387 career points after contributing 27 points in the Lakers' 131-126 loss to the Pelicans. Ticket prices for those games have predictably skyrocketed and Hollywood's biggest stars are expected to be seated courtside. At this point the only question is what kind of shot he will take to seize the a title. Reporting by Rory Carroll in Los Angeles; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

☆ Tomahawk dunk? Step-back three? Skyhook? LeBron has options for breaking record
▼ + stars: | 2023-02-03 | by ( Rory Carroll | Thomson Reuters | Los Angeles-Based Sports Reporter Who Interviews The Most Impactful Athletes | ) www.reuters.com time to read: +2 min

But James' shot-making skills have expanded over the years and he has a full arsenal at his disposal to deliver a historic highlight. "Over the course of my career I've just got better with every facet of my game," James told ESPN in a recent interview. Tomahawks, windmills, reverses - James could rock the rim in any number of ways, sending fans into a frenzy and opposing teams into timeouts. James has been seen practicing the difficult shot, which no player has ever mastered like Abdul-Jabbar, during pre-game warm-ups. Reporting by Rory Carroll in Los Angeles; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Meet Thom Browne, the stripe-obsessed designer who took on Adidas and won
▼ + stars: | 2023-01-26 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

Thom Browne defeated Adidas in court this month over its right to use its four stripe design. Adidas sought roughly $7.8 million in damages — equivalent to the amount Adidas believed it would have earned through a licensing agreement with Thom Browne and profits Thom Browne made off the parallel stripe designs. Fashion Designer Thom Browne arrives at Manhattan Federal Court on January 03, 2023. Thom Browne made $285 million in 2021 revenue compared to $23 billion for Adidas, according to the New York Times report. By then, Thom Browne was dressing sports teams like the NBA's Cleveland Cavaliers and European soccer club FC Barcelona for pregame appearances.

☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
▼ + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +22 min

But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.

☆ NBA roundup: Grizzlies edge Cavs for 11th straight win
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +6 min

Jaden McDaniels put up 18 points for the Timberwolves, who lost their second game in a row. Kevin Huerter scored 18 points for the Kings, who went down by 14 points in the first quarter before pushing ahead by halftime. Andrew Nembhard produced 18 points and seven assists for the Pacers, who have dropped five consecutive games. Murray was 12-for-18 from the field and added seven rebounds and four assists. Jalen Green matched his career high with 41 points and added seven assists for the Rockets, who lost their 12th game in a row.

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