Exclusive: How An NBA Team Makes Money Disappear [UPDATE WITH…

We've obtained audited financial data for the New Jersey Nets covering the three fiscal years from June 2003 to June 2006. Though the numbers end five years ago, you can still see the roots of the argument that will have NBA owners, come midnight, again locking out their players. You can also see how a team makes… » 6/30/11 1:05pm 6/30/11 1:05pm

Last Night's Winner: The Almighty Dollar

In sports, everyone is a winner—some people just win better than others. Like Daniel Goldstein, the last man standing between the Nets and their shiny Brooklyn arena, who just got $3 million to sit down. That stinks. » 4/22/10 10:00am 4/22/10 10:00am

Correction: Mikhail Prokhorov Is Your New Favorite Sports Billionaire

Last week, we pondered whether software tycoon Larry Ellison would soon become the NBA's craziest billionaire owner. Not a chance, once Mike "Mad Dog" Prokhorov suits up for the New Jersey Nets. » 3/29/10 3:45pm 3/29/10 3:45pm

Russian Billionaires Are NBA's Last Hope

All New Jersey Nets owner Bruce Ratner wants to do is get the Nets out of New Jersey and plant them in the heart of Brooklyn, but he's missing one key ingredient. What's it called? Oh right...money. He has none. » 9/18/09 2:30pm 9/18/09 2:30pm