Having the NBA’s best all-round player on your team apparently provides no guarantee of financial success, as the Cleveland Cavaliers are finding out. A report by ESPN shows 14 NBA franchises lost money in the 2016-17 season. Nine of those teams made losses even after revenue-sharing was taken into account.
The Cleveland Cavaliers acquired Andrew Bogut through the waiver wire late last season, hoping to add some extra depth and rim protection to their frontcourt as they prepared to defend their NBA title. Unfortunately, Bogut's tenure with the club lasted mere minutes, as he broke his leg almost immediately after entering the game for the first time in a Cavs uniform. Bogut did not play the rest of the season, and due to the fact that he was still healing, remained a free agent long into September. However, in recent days, the big man was given a clean bill of health, and according to Shams Charania, has agreed to a one-year, $2.3M deal with the Los Angeles Lakers. Via The Vertical: Free-agent
The Nets will have a new voice this season. Olivier Sedra has been hired as the public address announcer for Nets games at Barclays Center and will represent the team at community clinics and special events. "I’m really excited to get started with the Nets and Barclays Center,” said Sedra. “Brooklyn is building something special and I’m honored to be a part of it. With Barclays Center’s expansive programming, there is also tremendous opportunity to get involved in other events. The Nets announced the hire with tweet Tuesday morning. Sedra was seen at Barclays Center and HSS Training Center later in the day. Sedra joins the Nets’ game presentation team after serving as PA announcer for the Cleveland