Jay-Z selling his Brooklyn Nets ownership stake to Jason Kidd

Jay-Z selling his Brooklyn Nets ownership stake to Jason Kidd
Jay-Z selling his Brooklyn Nets ownership stake to Jason Kidd

Jay Z is selling his minority ownership in the Brookyn Nets to coach Jason Kidd, sources exclusively tell Page Six.

We’re told Kidd will take over Jay’s .067 percent (1/15th of a percent) stake in the team for about $500,000.

The move comes as Jay was forced to sell his Nets shares over a conflict of interest after he started a sports agency, Roc Nation, signing clients including Yankee Robinson Cano and Oklahoma City star Kevin Durant.

A source told us, “Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him.”

Reported by Page Six of the New York Post

Jared Sullinger apologizes, pleads not guilty in domestic assault case

An apologetic Boston Celtics forward Jared Sullinger is free on $5,000 bail after he was arrested yesterday on charges of assaulting his longtime girlfriend last weekend after she “found evidence on his cellphone that he was cheating on her,” Waltham cops said.

Sullinger pleaded not guilty in Waltham District Court yesterday to assault and battery, destruction of property of more than $250 and witness intimidation.

“The experience was humbling and embarrassing for me,” Sullinger said in a statement. “Yet I know that this situation has brought both sorrow and embarrassment to my girlfriend, my family, the Boston Celtics organization, my teammates and my fans. To all of you, I apologize from the bottom of my heart.”

Reported by Antonio Planas of the Boston Herald

The Boston Celtics’ Jared Sullinger stood stone-faced and wearing handcuffs in the dock of Waltham District Court on Tuesday as prosecutors said the 6-foot-9-inch, 260-pound power forward pinned his girlfriend to a bed and to the floor of their townhouse last weekend and then snatched and smashed her cellphone when she tried to call police.

“During this heated argument in the bedroom, Jared pushed her down onto the bed and got on top of her,” Waltham police wrote in their report of the confrontation. Sullinger’s girlfriend said “she tried several times to get up, but he kept pinning her down and would not let her up.’’

Reported by David Abel and John R. Ellement of the Boston Globe

Lakers sign forward Shawne Williams

Lakers sign forward Shawne Williams

The Los Angeles Lakers have signed free agent forward Shawne Williams, it was announced today by General Manager Mitch Kupchak.

Williams, a six-year NBA veteran out of Memphis, was originally selected by the Indiana Pacers in the first round (17th overall) of the 2006 NBA Draft and has appeared in 215 career games (23 starts) for the Pacers, Dallas Mavericks, New York Knicks and New Jersey Nets. The 6-9 forward holds career averages of 5.7 points and 2.8 rebounds in 16.4 minutes.

Spain seeks third straight European basketball championship

Marc Gasol
Spain seeks third straight European basketball championship
Spain continues to be a basketball powerhouse

Led by Marc Gasol and Ricky Rubio, Spain is favored to win a third straight European basketball championship despite losing plenty of talent.

Gone will be the size of Pau Gasol and Serge Ibaka and the shooting of Juan Carlos Navarro when the 24-team tournament starts on Wednesday. Two years ago in Lithuania, the Gasol brothers were a huge presence under the basket, while Navarro added 27 points in the 98-85 victory over France in the final.

France is back with Tony Parker, but is missing some of its own big men, including Joakim Noah.

The tournament features 24 teams for the first time, split into four groups that will play in Ljubljana, Jesenice, Koper and Celje. The final two rounds are in the capital of Ljubljana.

Reported by the Associated Press

LeBron James now has honorary locker at Ohio State University

lebron james

LeBron James never played college basketball but he will have a permanent place in Ohio State’s new locker room.

The Buckeyes have given James a locker and it will be used to display James’ branded Nike gear the school uses to help in recruiting, coach Thad Matta told reporters in Columbus on Tuesday. Ohio State started wearing James’ signature uniforms and shoes in 2007. Matta made James an honorary member of the team at a ceremony in 2009.

“We always want to pay our respects to him for what he did for us in ’07, in terms of we were the first LeBron school,” Matta said. “And obviously we get tremendous product from him, and I know he’s very proud of what he does for us.”

Reported by Brian Windhorst of ESPN.com

Pau Gasol advances rehab to basketball-related activities

pau gasol

In another sign that suggests he may be fully healthy for the beginning of the season, Lakers forward Pau Gasol spent Labor Day weekend playing on the basketball court for the first time since the team’s first-round loss last April to the San Antonio Spurs.

“After this morning work, this evening I will get back to the basketball court wearing these!” Gasol wrote on his Instagram account, which featured a photo of his shoes.

It’s unclear what basketball drills Gasol completed, but the step marks another level of progress surrounding the rehab around his knees. He had played with a variety of ailments that kept him sidelined last season for 33 games, including knee tendonosis, plantar fascia in his right foot and a concussion.

Reported by Mark Medina of the Los Angeles Daily News (Blog)

Jared Sullinger arrested, pleads not guilty to domestic assault

Boston Celtics forward Jared Sullinger pleaded not guilty Tuesday to domestic violence-related charges after allegedly repeatedly pinning his girlfriend to a bed and the floor.

Bail for Sullinger, 21, was set at $5,000 after his plea on charges including assault and battery and intimidation of a witness.

Later Tuesday, Sullinger released a statement through the Celtics in which he apologized and called the experience “humbling and embarrassing.”

“I know that this situation has brought both sorrow and embarrassment to my girlfriend, my family, the Boston Celtics organization, my teammates, and my fans,” he said. “To all of you, I apologize from the bottom of my heart.”

Police say officers were called to Sullinger’s residence Saturday evening by his girlfriend, Deann Smith. She told them that earlier that day he’d assaulted her after she accused him of cheating on her and began packing.

Reported by the Associated Press

Phoenix Suns Waive Michael Beasley

Michael Beasley
Phoenix Suns Waive Michael Beasley
Super-waived Beas

The Phoenix Suns waived forward Michael Beasley today pursuant to a termination agreement between the club and him. In accordance with that agreement, the compensation owed to him by the team will be reduced, and the Suns’ salary cap room will be increased for both the 2013-14 and 2014-15 seasons.

According to Arizona Sports, “The move on Tuesday will cost the franchise $7 million, a $2 million savings from what Beasley would have been due had he simply been waived. It also represents a significant reduction in what the hit on the team’s salary cap would have been.”

“The Suns were devoted to Michael Beasley’s success in Phoenix,” said Suns President of Basketball Operations Lon Babby. “However, it is essential that we demand the highest standards of personal and professional conduct as we develop a championship culture. Today’s action reflects our commitment to those standards. The timing and nature of this, and all of our transactions, are based on the judgment of our Basketball leadership as to how best to achieve our singular goal of rebuilding an elite team.”

“We have high standards for all of our players,” said Suns General Manager Ryan McDonough. “We expect them to represent the team and the community in a positive manner both on and off the court.”

Beasley signed a three-year contract with Phoenix as a free agent on July 20, 2012, and in his one season with the Suns, played in 75 games with averages of 10.1 points and 3.8 rebounds.

Toronto Raptors waive Quentin Richardson

Toronto Raptors waive Quentin Richardson
Toronto Raptors waive Quentin Richardson

The Toronto Raptors announced Tuesday they have waived guard-forward Quentin Richardson. Richardson was acquired from New York on July 10 with center Marcus Camby, forward Steve Novak, a future first-round draft pick and two future second-round draft picks in exchange for forward Andrea Bargnani.

The roster now stands at 14 players.

Toronto opens preseason play October 7 in Boston before returning home to face Minnesota at Air Canada Centre on October 9. The 2013-14 season opener is set for October 30 versus Boston.

LeBron James to produce scripted comedy on Starz network

lebron james

Having produced two NBA championships with the Miami Heat, the next step for LeBron James will be producing scripted television comedy.

The Starz cable network announced Tuesday that the Heat forward along with Tom Werner, Mike O’Malley, Maverick Carter and Paul Wachter will develop a half-hour scripted comedy series, Survivor’s Remorse, for Starz, with James serving as an executive producer.

Mike O’Malley will serve as executive producer and writer. He previously worked as consulting producer and writer on Shameless and as an actor in Glee, Justified and My Name is Earl.

To James, who is not scheduled to appear in the series, it expands a presence that already has moved beyond the confines of the court.

Reported by Ira Winderman of the South Florida Sun-Sentinel