Nets owner Joe Tsai could have another team to cheer on soon, as he’s on the brink of buying a minority share of the Dolphins.
Tsai and private equity firm Ares Management are now in advanced talks with Miami owner Stephen Ross to buy stakes in the NFL team and other assets at a valuation of $8.1 billion, according to Bloomberg.
As part of the deal, Ares would buy a 10 percent stake in the properties, which include the Dolphins, Hard Rock Stadium and F1’s Miami Grand Prix.
Tsai — who took over the Nets in 2019, and also owns the WNBA’s New York Liberty — would buy 3 percent through Blue Pool Capital, his family office.
That would equate to roughly $240 million for Tsai.
He got just over $190 million in working capital from the summer sale of shares of BSE — the parent company of the Nets, Liberty and Barclays Center — to the Koch family.
Nets legend Vince Carter will be inducted into the Naismith Hall of Fame on Oct. 12-13.
And coach Jordi Fernandez recalls watching Carter’s high-flying highlights, even when he had to stay up late back in Spain.
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“I remember his dunks,” Fernandez said. “Growing up in Spain, the NBA was late at night and you had to pay to watch it, so you could watch highlights. We didn’t have social media or smartphones or anything like that, so it had to be a show that you watch once a week and it was highlights. Obviously, I remember him. Buying basketball magazines from Spain at the time. So yeah, I have good memories.”
Fernandez coached Team Canada in the Paris Olympics this past summer, and a number of the young Canadian players like Shai Gilgeous-Alexander and Jamal Murray were inspired to play by Carter’s exploits in Toronto.
“It’s very special for him that he’s going to be honored in the Hall of Fame,” Fernandez said.
Amari Bailey is on an Exhibit 10 deal, which makes him a non-guaranteed training camp invite.
Still, the 20-year-old — who played at Sierra Canyon and UCLA, then the Charlotte Hornets last season — called this his most enjoyable basketball experience yet.
“[I’m told] to just come in and be myself, knowing that this is just a clean start, and I’ll take every step forward. I’m just trying to embrace everything,” Bailey said. “It’s the most fun I’ve ever had playing basketball. I’m very appreciative of that, very appreciative of the staff and everyone allowing me to have this opportunity.”
“The culture. The people running the engine, running the ship. Being able to take leadership, I have great vets, great players, and we’re acting like we have something to prove here. This group will be good just as long as we push each other and hold each other accountable.
Bailey is eligible for the last of the Nets’ three two-way spots.
