Nets majority owner Mikhail Prokhorov and real estate developer Bruce Ratner’s Forest City Enterprises have reached an agreement that will give Prokhorov sole ownership of the team and the Barclays Center, Scott Soshnick of Bloomberg.com reports. The terms of the potential sale have not been disclosed, and the NBA is in the process of reviewing the proposal, Soshnick notes. Gaining full ownership of the Nets and Barclays Center would make it easier for Prokhorov to sell all or part of either asset if he desired down the line, the Bloomberg scribe adds. The franchise is still undergoing a valuation to assess its worth, but sources have informed NetsDaily (via Twitter) that the team itself, minus the arena, will be second to only the Clippers, which sold to Steve Ballmer for $2 billion.
Here’s more from the Big Apple:
- Mirza Teletovic, whom the Suns signed to one-year, $5.5MM deal this past offseason, didn’t shut the door on a potential return to the Nets in the future, Michael Scotto of Sheridan Hoops relays (via Twitter). When asked if he’d consider playing in Brooklyn again, Teletovic said, “Yeah, why not? I enjoyed the time here. Like I said before, I love the city, I love the atmosphere, I love the way people treat basketball and they show respect to it. I really wouldn’t mind.“
- Jimmer Fredette, who recently returned to the Knicks‘ D-League affiliate after the Pelicans waived him, hopes he can catch the eye of an NBA team and return to the league this season, Ian Begley of ESPNNewYork.com writes. “I know I can play in the NBA, and I can be a very good player in the NBA. I’m excited to be able to start here,” Fredette told Begley. “Sometimes you’ve got to be able to go backwards in order to get back up to where you want to be.“
- The Knicks have recalled Cleanthony Early from their D-League affiliate, the team announced, just hours after sending him down. This was Early’s second trip of the season to Westchester.