NBA news: NBA economy
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Owner Leslie Alexander is putting the Houston Rockets up for sale after 24 years of ownership. Alexander bought the team in 1993 for $85 million.
The NBA announced that the Salary Cap has been set at $99.093 million for the 2017-18 season. The tax level for the 2017-18 season is $119.266 million.
The NBA notified teams in a memo Wednesday that the projected salary cap will come in at $99 million, about $2 million less than estimates in April.
Lonzo Ball's father, LaVar, confirmed that Nike, Under Armour and Adidas informed him they were not interested in completing a deal with his son.
The NBA set the all-time regular-season attendance record for a third consecutive season with 21,997,412 fans attending games during the 2016-17 regular season.
The new Collective Bargaining Agreement was ratified this week by the NBA players and NBA Board of Governors. The new agreement will take effect on July 1, 2017
The NBA and NBPA have reached a tentative agreement on a new Collective Bargaining Agreement, pending ratification by players and team owners.
The Detroit Pistons will move to downtown Detroit and begin playing at the new Little Caesars Arena starting next season.
The Atlanta Hawks and the City of Atlanta announced that they have reached an agreement on key terms for a $192.5 million renovation of Philips Arena.
Oakland County officials say they rejected a $384 million offer in June to buy the Palace of Auburn Hills.