Thanks to the New York Knicks player Jeremy Lin's skills, fans and simple last name, people and companies around the United States were able to create a fun term to describe his increasing popularity. The player was an overnight sensation who was the team's leading scorer after being discovered sitting on a bench playing for Harvard. Although the hype has died down, the value of his name has not.
The start of the NBA season is currently in danger of being postponed as the players union and NBA owners fail to agree on a new employment contract. Expanded groups of players union representatives and representatives of the owners were gathered together around the bargaining table on Tuesday for a five-hour meeting, but no progress was made on the new contract.
Court proceedings in the breach of contract case against Miami Heat basketball star Dwyane Wade is set to begin today in Miami, Fla. Today a panel of jurors will begin hearing opening statements from attorneys regarding a lawsuit initiated by the NBA star's former business partners involving a failed restaurant venture.
New Jersey's NBA team, the Nets, has a new owner. In a recent business acquisition between developer Bruce Ratner and Russian entrepreneur Mikhail Prokhorov, $200 million bought Prokhorov the title of the Nets' majority owner.