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'08 NBA China Games to Be in Beijing and Guangzhou
The Biz of Basketball :: Part of the Business of Sports Network —
The NBA China Games will return to China in October with two games featuring the Milwaukee Bucks and the Golden State Warriors in Beijing and Guangzhou, it was announced this week by the National Basketball Association (NBA), the Chinese Basketball Association (CBA), the Beijing Municipal Bureau of Sport and the Guangzhou Sports Bureau. NBA China Games 2008 will feature the first sporting event at the Beijing Olympic Basketball Arena following the Olympics and the first ever NBA game played in Guangzhou. ...
Howard Schultz Drops Lawsuit Against Sonics Owner Bennett
The Biz of Basketball :: Part of the Business of Sports Network —
The former owner of the Seattle SuperSonics has dropped his lawsuit against the current owner of the team, thus ending an attempt to keep them in Seattle. Howard Schultz, the CEO of Starbucks Corp., and the former owner of the Sonics who sold the team to Clay Bennett has dropped his suit. As reported by The AP: "As a result of these developments, our legal team and I no longer believe we can be successful with this litigation," Schultz wrote in a letter to former members of his ownership group, the Basketball Club of Seattle. In a statement Friday from Oklahoma City, Bennett said, "We are pleased to now be able to move on. We look forward to an exciting future of NBA basketball in Oklahoma City." Last week, U.S. District Judge Marsha Pechman ...
NBA Development League Affiliations for 2008/09 Season Announced
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The NBA has released the tentative team affiliations between Development League (D-League) organizations and NBA franchises. As reported on NBA.Com, the D-League has expanded to sixteen teams to begin the eighth season of play, so each development team will be limited to affiliation with a maximum of two NBA squads. Dan Reed, D-League president, observed, “Three years into the assignment system, we are thrilled with the way NBA teams have embraced the opportunity to develop their players in our league. An impressive 27 NBA teams have assigned 76 players to their NBA D-League affiliate…which not only benefits the teams and the players, but gives fans an opportunity to watch top prospects play and improve their games. We expect these numbers to grow as the relationships between NBA teams and their NBA ...
Thunder Struck. OKC NBA Team Unveils Name, Logo
The Biz of Basketball :: Part of the Business of Sports Network —
Tonight, the team formerly known as the SuperSonics were renamed the Thunder in their new relocation home of Oklahoma City. The new name, one of the worst kept secrets in the NBA, has been rumored to be the selection for almost six weeks. "It's hard to keep a secret," said controlling owner Clay Bennett at the team’s offices in downtown OKC. As reported by The AP, the logos and merchandise had been trickling out in advance leading up today. To unveil the logo, six children joined players Desmond Mason and Damien Wilkins to pull down a curtain as the AC/DC song "Thunderstruck" blared over the loudspeaker. What was revealed was a large blue banner with the logo in the middle, and splashes of yellow at the top and reddish-orange at the bottom. Bennett said the light blue color ...
The Bottom Line: NCAA Final Four Generated $47 Million for Host San Antonio
The Biz of Basketball :: Part of the Business of Sports Network —
The city of San Antonio enjoyed not only a memorable ‘Final Four’ culmination of the 2008 NCAA Division I Basketball championship tournament, but is also basking in that warm feeling that often comes after pocketing over $47 million in total economic benefit for the three-day weekend. As reported by the Associated Press, a recently-released NCAA survey corroborated the estimate in revealing that nearly 57,000 people visited the city for the Saturday/Monday games, and each visitor stayed an average of 3 nights, and spent approximately $223 per day. The gross income figures, the study noted, include neither spending by San Antonio organizing groups nor tickets sold to local residents. Greg Shaheen, NCAA senior vice president for basketball and business strategies, said, "Year after year, the continued success ...
