Evercore Partners, an investment banking firm Mikhail Prokhorov hired to help facilitate a prospective sale of the team, made the decision to end their relationship with the Nets, and not the other way around, as previously indicated, according to Mike Ozanian of Forbes.com. Prokhorov and company would prefer to sell a minority stake in the club, as Robert Windrem of NetsDaily reported previously and as Ozanian reiterates, calling it the primary holdup for the sale of any portion of the team. The “sale process was a mess,” a sports banker tells Ozanian, who also hears that interest from would-be buyers has been weak. There’s plenty more on the Nets, as we detail:
- The Nets anticipate that Sergey Karasev will be healthy in time for training camp next season, the team announced. The 2013 19th overall pick underwent season-ending surgery on his right knee.
- Prokhorov is much less of a presence around the Nets than he used to be, notes Stefan Bondy of the New York Daily News, who cites all the shortcomings of the team as he goes over reasons why the owner might want to hide.
- Almost every team is set to be able to open cap room for a maximum-salary contract in the summer of 2016, but Tim Bontemps of the New York Post believes free agents are more likely to choose the Nets and Knicks over small market clubs that lack contending cores.