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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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Report: NBA to Suspend Season Indefinitely

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The NBA announced that a player on the Utah Jazz has preliminarily tested positive for COVID-19. The test result was reported shortly prior to the tip-off of Wednesday’s game between the Jazz and Oklahoma City Thunder at Chesapeake Energy Arena. At that time, Wednesday’s game was canceled. The affected player was not in the arena.

The NBA is suspending game play following the conclusion of Wednesday’s schedule of games until further notice. The NBA will use this hiatus to determine next steps for moving forward in regard to the coronavirus pandemic.

Source: NBA

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Sources: Lance Stephenson, Pacers ‘in strong talks’ on Deal

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Lance Stephenson is in strong talks on a potential deal with Indiana, sources tell @TheAthleticNBA @Stadium. No agreement or decision is finalized. Stephenson would also need clearance from his Chinese team and FIBA.

Source: Shams Charania on Twitter

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Report: Jontay Porter, Grizzlies Agree to Deal

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The Memphis Grizzlies today announced that the team has signed forward/center Jontay Porter. Per team policy, terms of the deal were not disclosed.

Porter (6-10, 236) appeared in all 33 games (seven starts) during the 2017-18 season as a freshman at the University of Missouri and averaged 9.9 points, 6.8 rebounds, 2.2 assists and 1.67 blocks in 24.5 minutes. The younger brother of college teammate and current Nuggets forward Michael Porter Jr., Porter shot 43.7 percent from the field, 36.4 percent from three-point range and 75.0 percent from the free throw line.

Porter was sidelined during his 2018-19 sophomore campaign after suffering a season-ending knee injury during a preseason scrimmage. The 20-year-old Columbia, Missouri native went undrafted in the 2019 NBA Draft.

Source: Memphis Grizzlies

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