basketball

Is Free Agency Ruining the NBA?

Keith Allison, Flickr. NBA free agency is upon us, and this summer may see superstars LeBron James, Carmelo Anthony, and Chris...

Billionaires Set to Return NBA to Seattle - Without the Big Tax Bill

Seattle may be about to get an NBA basketball team again -- and this time, its citizens might not have to pick up part of the tab. Microsoft CEO Steve Ballmer and hedge fund manager Chris Hansen are reportedly teaming up to move the hapless Sacramento Kings to Washington state.

Linsanity Trips Time Warner Cable: Can it Rebound?

There is no shortage of winners when it comes to the surprising ascent of basketball star Jeremy Lin: the Knicks; Madison Square Garden Inc.; the fans; the NBA; Linsanity T-shirt sellers. But the loser has been Time Warner Cable, and its losing streak could last awhile.

To Score Off Linsanity, Businesses Use a Fast Break

With Jeremy Lin's standout performances bringing a sudden shine to the otherwise lackluster New York Knicks, a number of companies have hitched their wagons to his star to buff up their brands. And with the value of such an association easy to see, why wouldn't they?

Allen Iverson Is Broke: What His Errors Can Teach Us

Former NBA superstar Allen Iverson earned $154 million from his Sixers salary alone during his career. Now, he owes more than he can pay. How did it happen, and what lessons can his fiscal foul-ups teach to the rest of us. The answers are distressingly simple.

5 Companies Glad the NBA Lockout Is Finally Over

After months of bitter negotiations, NBA owners and players finally agreed to terms, and a pro basketball season will start on Christmas Day. So who besides players, owners and fans will benefit? Let's start with stockholders in these companies.

NBA Lockout's an Economic Air Ball for Other Sports

When it comes to the profit side of the pro basketball lockout, nobody wins -- except maybe basketball fans' savings accounts. Those fans and the money that the now-shuttered NBA stands to lose will not migrate to another sport.

Can Basketball Fans Score During NBA Lockout?

After the strife-torn NBA cancelled the first two weeks of the basketball season, we wondered: Would this mean any financial relief for fans? Somewhere in the war between the wealthy players and owners, are there savings to be found for the ordinary people who spend money on NBA tickets and gear?

Can LeBron James Score with Energy-Strip Kiosks?

LeBron James isn't sitting still in the NBA off season. He's introducing a new product, called Sheets Energy Strips, that supplies a flavored dose of caffeine and vitamins as it dissolves on the tongue. The strips will be sold from vending machines.

SEC Claims Dead Money Manager Sold Fake Bonds

The Securities and Exchange Commission has sued the estate of money manager Joel David Salinas, the president of J. David Financial who died last month, and Brian Bjork, chief investment officer of Select Asset Management, for allegedly selling $50 million of fake bonds.

Four Reasons to Embrace March Madness

OK, so it's that great time of year again -- March Madness. Are you ready for some basketball? In the workplace, employees love to waste time at work during the NCAA tournament. Turns out, that can be a good thing.

Magic Johnson Sells Starbucks Shares

Magic Johnson has sold his 50% stake in 100 urban Starbucks stores less than a week after selling his 5% stake in his former team, the Los Angeles Lakers.

Madison Square Garden Shares Down After LeBron Deal

Madison Square Garden shares were bouncing like a basketball this week amid speculation that NBA superstar LeBron James might join the New York Knicks, and they could still be active Friday in the wake of his announcement that he was leaving the Cleveland Cavaliers to join the Miami Heat.

Cleveland Cavs Owner 'Curses' LeBron James

Dan Gilbert, owner of the Cleveland Cavaliers, the team LeBron James left to join the Miami Heat, has released a scathing open letter attacking the NBA star. The letter seems to put a curse on LeBron, as angry Cleveland fans burn his jersey.

The Economic Impact of NBA's LeBron James

In addition to the sporting issues involved in the fervent courting of LeBron James lies a less emotional, more pragmatic reason for why bigwigs like New York's Mayor Bloomberg care so much: cold, hard cash.

Chinese Sneaker Giant Steps Onto Nike's Home Turf

With a logo that's extraordinarily reminiscent of the Swoosh, a focus on basketball shoes and huge deals with big-name NBA stars, sneaker maker Li Ning is starting its battle for America's feet in Nike's own backyard: Portland, Oregon.