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Private equity firm Arctos Partners released research challenging claims that sports team valuations represent a financial bubble, arguing that price increases reflect fundamental business improvements rather than speculation. Arctos owns stakes in multiple NBA teams such as the Golden State Warriors and Philadelphia 76ers,
The Golden State Warriors have budged a bit in their negotiations with restricted free agent Jonathan Kuminga. The Warriors have now offered Kuminga a three-year deal worth $75.2 million, with a team option on the third season. That's a slight annual increase and a longer deal than the two-year, $45 million contract with a second-year team option that the Warriors had been offering.
Jonathan Kuminga's restricted free agency continues to drag on, despite training camps opening in two weeks. Although the Golden State Warriors recently increased their offer to Kuminga, the two sides remain far apart on a new deal.
Isaac Bonga could be poised for a return to the NBA after his strong performance for Germany in EuroBasket. Bonga received some level of NBA interest this offseason, but signed with Partizan Belgrade in Serbia after a real offer never materialized.
Germany defeated Turkey 88-83 in the EuroBasket 2025 Final. This is Germany's second EuroBasket gold medal. Turkey took home silver for the second time. Greece won their third EuroBasket bronze medal in a 92-89 defeat of Finland.
Internal emails revealed Aspiration executives expressed concerns about Kawhi Leonard's endorsement contract, which required minimal promotional work while allowing the Clippers star significant control over his obligations, according to documents obtained by The Athletic.
Veteran point guard Cameron Payne won't return to the New York Knicks next season. It's not a surprise, given the Knicks have recently agreed to re-sign Landry Shamet, while adding another veteran point guard in Malcolm Brogdon. The Knicks are also returning Jalen Brunson and Miles McBride at the position next season.
The New York Knicks are facing the challenge of filling out their roster under a second-apron hard cap for a second consecutive season. That's got the Knicks poised to sign 2025 second-round pick Mohamed Diawara to a standard contract.
Steve Ballmer invested nearly $10 million into Aspiration in March 2023, which followed his initial $50 million investment 18 months earlier, according to legal filings reviewed by The Athletic and corroborated by a former executive with the company. Ballmer's $10 million investment came as Aspiration was quickly losing cash, laying off employees and struggling to raise funds.
The Minnesota Lynx jumped from third last season to first this season to finish the season first in the WNBA in Net Rating at +12.2. The Lynx, led by MVP candidate Napheesa Collier, ranked first in offense at 112.0 points per 100 possessions and first in defense at 99.8. The Lynx enter the playoffs as favorites to win the championship.
The 2025 WNBA regular season concluded with Las Vegas Aces superstar A'ja Wilson posting a dominant Player Efficiency Rating of 33.0, establishing herself as the league's most statistically efficient player. Wilson's exceptional PER reinforces her candidacy for a historic fourth MVP award as she led the league in scoring while maintaining elite rebounding numbers.
Jonathan Kuminga is strongly considering taking the $7.9 million qualifying offer with the Golden State Warriors that would end his restricted free agency and allow him to reenter the market during the 2026 offseason as an unrestricted free agent. Kuminga has until October 1st to make a decision.
The New York Knicks signed Landry Shamet and Malcolm Brogdon to one-year deals this week, but they will only be able to keep one once the regular season starts unless they made a trade to create roster flexibility clear of the second apron.
The Los Angeles Lakers have become more open to scenarios where they take on money beyond the 2025-26 season since Luka Doncic signed his three-year, $165 million extension in August, sources tell The Athletic.
Los Angeles Clippers minority owner Dennis J. Wong made a nearly $2 million investment in Aspiration in December 2022 just days before the company paid Kawhi Leonard $1.75 million as required through his endorsement contract, according to a new episode of Pablo Torre Finds Out. The payment was made on December 15th, which was the same day the company laid off 20 percent of its employees.
After Wednesday's NBA Board of Governors meeting, Adam Silver was asked to characterize the feedback he has received from other owners in response to allegations that the Los Angeles Clippers may have circumvented the salary cap with Kawhi Leonard's $28 million endorsement deal with Aspiration.