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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: NBA’s Board of Governors Pass Stricter Tampering Rules

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The NBA Board of Governors passed a stricter package of measures to enforce compliance with tampering and salary cap circumvention, league sources tell ESPN.

Source: Adrian Wojnarowski on Twitter

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Sources: Thabo Sefolosha, Rockets Agree to Deal

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The Rockets are signing Thabo Sefolosha, league sources say

Source: Marc Stein on Twitter

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Sources: NBA Owners to Vote on New Tampering Rules

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The NBA power brokers descending on New York this week for the league’s board of governors meeting have reacted to the league’s beefed-up anti-tampering proposal with a mix of skepticism about its potential deterrent effect and concerns of privacy.

In conversations with numerous league officials, team owners, general managers and agents, some uncertainty was expressed about the means the NBA might use to investigate alleged rules violations. Atop those concerns for team officials is what league sources insist was commissioner Adam Silver’s toughest decision in bringing new rules to a vote: an annual, random auditing of five teams’ communications with rival front offices and player agents.

In reaction to the blatant disregard of free-agent tampering rules and an angry owners meeting in July, NBA owners are faced with a vote on Friday that could reshape — even if only in mechanics — how the business of player procurement is conducted.

Source: Adrian Wojnarowski and Zach Lowe of ESPN

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