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Cavs’ Owner Giving Away Billion Dollar Prize

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Quicken Loans, owned by Cleveland Cavaliers owner Dan Gilbert, will award a $1 billion prize to anyone who fills out a perfect 2014 NCAA tournament bracket.

It’s the Quicken Loans Billion Dollar Bracket Challenge, insured by Warren Buffett’s Berkshire Hathaway.

“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth?” Quicken Loans president Jay Farner said in a press release issued by the company. “We decided a billion dollars seems right for such an impressive feat.”

viaΒ Mary Schmitt Boyer of The Cleveland Plain Dealer

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Report: Anthony Davis, Lakers Agree to Deal

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All-NBA forward Anthony Davis has formally agreed to a five-year, $190 million maximum contract to stay with the defending champion Los Angeles Lakers, Klutch Sports CEO and founder Rich Paul told ESPN on Thursday.

The deal includes an early-termination option prior to the fifth year of the deal in 2024-25, Paul said.

Davis, a free agent, signed the contract Thursday. He considered several short- and long-term contract scenarios before accepting a full five-year, maximum offer, sources said.

Source: Adrian Wojnarowski on Twitter

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Sources: Rockets Trade Russell Westbrook to Wizards for John Wall

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Houston has agreed to trade Russell Westbrook to Washington for John Wall and a first-round pick, sources tell ESPN.

Source: Adrian Wojnarowski on Twitter

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Sources: LeBron James, Lakers Agree to Extension

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Los Angeles Lakers star LeBron James has agreed to a two-year, $85 million maximum contract extension with the franchise, CEO of Klutch Sports, Rich Paul, told @TheAthleticNBA @Stadium.

Source: Shams Charania on Twitter

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