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Sources: Joseph Tsai to Buy Remaining 51% of Brooklyn Nets

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Joseph Tsai, the billionaire co-founder of e-commerce giant Alibaba, is close to signing a deal to buy the 51% of the Brooklyn Nets he does not already own from Russian billionaire Mikhail Prokhorov, sources told The Post.

The deal is expected to be announced this week, sources said.

The $2.35 billion transaction would mark the highest price ever paid for a sports franchise — beating hedge fund owner David Tepper’s $2.2 billion acquisition last year of the NFL’s Carolina Panthers and Tilman Fertitta’s $2.2 billion purchase of the NBA’s Houston Rockets in 2017.

Tsai already owns 49% of the team, which he bought for $1 billion last year. At that time, the 55-year-old businessman locked in the right to buy the remaining 51% of the team before the 2021-2022 basketball season for an additional $1.35 billion.

Source: Josh Kosman and Brian Lewis on Twitter

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Sources: Ben Simmons to Undergo MRI

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Philadelphia’s Ben Simmons will undergo an MRI on his lower back on Sunday, league source tells ESPN. He was definitely in some pain tonight after game vs. Bucks.

Source: Adrian Wojnarowski on Twitter

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Sources: Markieff Morris, Pistons Agree to Buyout, to Sign with Lakers

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Pistons forward Markieff Morris has agreed to a contract buyout, league sources tell @TheAthleticNBA @Stadium.


Markieff Morris plans to sign with Lakers, league sources tell @TheAthleticNBA @Stadium.

Source: Shams Charania on Twitter

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Sources: Lakers to Waive DeMarcus Cousins

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Lakers are waiving DeMarcus Cousins, league sources tell @Ramonashelburne and me.

Source: Adrian Wojnarowski on Twitter

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