Mikhail Prokhorov, 43-year old rich Russian billionaire, and most eligible bachelor, bought himself a basketball team. The New Jersey Nets will be moving to Brooklyn, NY in the near future.

Michael Jordan has picked David Thompson, former NBA basketball player and North Carolina State Star, for his NBA Hall of Fame induction ceremony.

University of Louisville men's basketball coach Rick Pitino admitted to consensual sex with Karen Sypher, wife of Louisville equipment manager Tim Sypher, according to Louisville Metro Police reports obtained by The Courier-Journal under the Kentucky Open Records Act. The incident occurred at a Louisville restaurant on Aug. 1st, 2003.

Orlando Magic basketball star Rashard Lewis has been suspended by the NBA for violating the league's Anti-Drug Program. Rashard Lewis tested positive for an elevated testosterone level believed to be the result of a steroid precursor known as DHEA.

Kobe Bryant has long played under the enormous shadow of Shaquille O'Neil. Tonight, however, he stepped out of that shadow to lead his Los Angeles Lakers to not only a victory but the NBA title as Los Angeles Lakers became the winners against the game with Orlando Magic

A team of Spanish and American researchers has developed a method to evaluate basketball players that will, they say, better meet the requirements of the sport's trainers and experts. The technique uses mathematical models designed to measure productivity.

You can bet the NBA wanted to see the marquee matchup in the finals, but it's not to be: no Kobe vs. LeBron. No, Cavs Magic Game 6 is over, and the Cavs are out, as the Orlando Magic enter the NBA finals for the first time in 14 years.

In an effort to prevent teams from "tanking" games to get a better position in the NBA draft, the NBA introduced a lottery system in 1985. The lottery uses ping pong balls with a weighting system such that the 250 worst team has a 25.0% chance of receiving the #1 pick. This still leads to tanking, some say. The NBA draft lottery 2009 was held on Tuesday night and the results are already out.

Apparently John Wall made a basketball commitment to University of Kentucky and to play for coach Calipari, despite suggestions that he will play in UK. According to NBC Wall "commits to play basketball for UK," however, Kentucky radio stations and ESPN say John Wall Will play basketball in Kentucky.

Predictions of a dire result for the Los Angeles Lakers in game 7 of the Western Conference semifinals series came to naught as the Lakers dominated against the Houston Rockets, winning 89 - 70.

It is win or go home situation for Atlanta Hawks in their NBA games against Cleveland Cavaliers.

Chuck Daly, who coached the Detroit Pistons to back-to-back NBA championships in 1989 and 1990, using a tough, physical style of play that eearnined his team the moniker "Bad Boys," has died at the age of 78.