The Houston Comets are no more
The WNBA annuonced that the four time champions, the Comets, were disbanding after the league couldn’t find new owners to sponsor them.
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Mark Cuban charged with insider trading
Federal regulators on Monday charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.
Basketball news for 7/31/08
The Sacramento Kings have agreed to trade the talented but combustible forward to the Rockets in return, the Kings will receive guard Bobby Jackson, a No. 1 draft pick next season and another player — probably rookie Donte’ Greene.
Disgraced ex-NBA official Tim Donaghy is sentenced him to 15 months behind bars for a gambling scandal that still has the league on the defensive.
The Charlotte Bobcats ended a year of uncertainty with top rebounder and shot blocker Emeka Okafor by coming to terms on a six-year, $72 million deal with the restricted free agent.
Restricted free agent forward Luol Deng and the Chicago Bulls have agreed to six-year contract that could be worth as much as $80 million.
Is Europe the future of the NBA????
The struggling U.S. economy, the ludicrous salaries of the superstars that are strangling the NBA salary cap for the mid-range players and the prospective luxury tax hanging over the heads of owners has created a change in tenor throughout the league. With all that the European basketball leagues are looking real good to NBA free agents.
read more here.
