Report: Salary reductions for top NBA executives

NEW YORK — Top NBA executives are having their base salaries reduced by 20% for the foreseeable future, a person with knowledge of the details said Thursday. The reductions affect the roughly 100 highest-earning executives, as the NBA joins the NHL and NASCAR in cutting salaries while competitions are on hold because of the coronavirus. The […]

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Karl-Anthony Towns says mom in medically induced coma

Minnesota Timberwolves center Karl-Anthony Towns revealed in an Instagram video early Wednesday morning that his mother has been hospitalized for the last week. In his video, Towns said his mother has been dealing with health complications stemming fromw hat he believes to be COVID-19. In the video, which is more than 5 minutes long, Towns […]

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Ballmer to buy Forum, clearing way for new Clippers arena

LOS ANGELES (AP) — Los Angeles Clippers owner Steve Ballmer is buying the Forum for $400 million, clearing the way for the billionaire to build a new arena down the street in Inglewood, California. Ballmer announced the purchase of the venerated arena from the Madison Square Garden Company on Tuesday. Ballmer, the former Microsoft executive, […]

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Newly formed CAPSS LLC to purchase The Forum in Inglewood

CAPSS LLC has reached an agreement with The Madison Square Garden Company (NYSE: MSG) to purchase The Forum in Inglewood, Calif., which will continue to operate as one of the premier live-music venues in the United States. The formation of CAPSS LLC and the acquisition of the Forum were driven by LA Clippers Chairman Steve Ballmer and […]

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