Nets owner Joe Tsai may be rooting for another team soon, as he looks to buy a minority stake in the Dolphins.
Tsai and private equity firm Ares Management are currently in preliminary talks with Miami owner Stephen Ross to buy stock and other assets in the NFL team at a valuation of $8.1 billion. According to Bloomberg.
As part of the deal, Ares will buy a 10% stake in real estate that includes the Dolphins, Hard Rock Stadium and Formula 1's Miami Grand Prix.
Tsai, who took over the Nets in 2019 and also owns the WNBA's New York Liberty, plans to buy 3% through his family office, Blue Pool Capital.
This equates to about $240 million for Tsai.
He sold his stake in BSE, the parent company of the Nets, Liberty and Barclays Center, to the Koch family over the summer for just over $190 million in working capital.
Nets legend Vince Carter will be inducted into the Naismith Hall of Fame on October 12th and 13th.
And coach Jordi Fernandez recalled watching highlights of Carter's high-flying performances even when he had to stay up late back in Spain.
“I remember his dunk,” Fernandez said. “Growing up in Spain, the NBA was broadcast late into the night and you had to pay to watch the highlights. There was no social media, smartphones, etc. So I watched the NBA once a week. It had to be a highlight show to watch. I obviously remember him. I bought basketball magazines from Spain at the time. Yeah, I have fond memories.”
Fernandes coached the Canadian team at this summer's Paris Olympics, and many young Canadian players like Shai Gilgeous-Alexander and Jamal Murray were inspired by Carter's success in Toronto. did.
“It's very special for him to be inducted into the Hall of Fame,” Fernandez said.
Amari Bailey has an Exhibit 10 contract and will be invited to training camp without a guarantee.
Still, the 20-year-old, who played for Sierra Canyon, UCLA and last season with the Charlotte Hornets, said it was the most fun basketball experience he's ever had.
“[I’m told] I take one step at a time, just coming and being who I am, knowing that this is just a clean start. I’m just trying to take it all in,” Bailey said. “Playing basketball is the most fun I've ever had. I'm very grateful to the staff and everyone who gave me this opportunity.”
“Culture. The people who run the engines and run the ship. Being able to take the leadership role, I have great veterans, great players, acting like we have something to prove here. As long as we encourage each other and hold each other accountable, this group will be good.
Bailey is eligible for the last of the Nets' three two-way spots.
