Lakers keep F-C Hill with multiyear deal (The SportsXchange)

The Los Angeles Lakers signed forward-center Jordan Hill to a multiyear contract on Wednesday. "Jordan has been a consistent contributor for us over the last three seasons and we are pleased to keep him in the Laker family," Lakers general manager Mitch Kupchak said. "Jordan's frontcourt versatility is a benefit to our roster and his on-court work ethic is something we value on our team. We hope he'll continue to work hard and develop as an NBA player."

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 23, 2014 at 9:07 pm

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Timberwolves weighing options with Kevin Love (The Associated Press)

The Minnesota Timberwolves are weighing their options when it comes to trading All-Star Kevin Love, with the Cleveland Cavaliers and Chicago Bulls both trying to land the versatile forward. Talks have picked up again this week, with the Cavaliers coming off of their long-held resistance to including No. 1 overall draft Andrew Wiggins in an offer and making a trade with Utah on Tuesday to help make an acquisition easier to pull off. Just as the Cavs appeared to be closing in on grabbing Love to pair with LeBron James and Kyrie Irving in a new-look ''Big 3'' in Cleveland, the Bulls appear to be making one last run to try to wrestle him away from their Eastern Conference competitors.

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 23, 2014 at 8:48 pm

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NBA roundup: Bulls include McDermott in Love offer (The SportsXchange)

First-round pick Doug McDermott and two previous first-rounders -- Taj Gibson and Nikola Mirotic -- are part of the Chicago Bulls' trade offer to the Minnesota Timberwolves for Kevin Love according to NBA reporter Chris Sheridan. "The hang-up is Mirotic and McDermott signed their contracts (Tuesday)," Sheridan told 87.7 FM The Game in Chicago.

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 23, 2014 at 7:10 pm

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Felton avoids jail after gun charge guilty plea (AFP)

Dallas Mavericks guard Raymond Felton was sentenced to 500 hours of community service Wednesday in a New York court after pleading guilty to a gun charge stemming from a February arrest. Felton, who was playing for the New York Knicks at the time, was also fined $5,000 but the plea deal enabled him to avoid jail time in a state with strict gun laws that typically carry automatic jail sentences. In addition, Felton will be able to serve his time outside of New York state, a help since he was traded by the Knicks to Dallas last month. Felton turned himself in to authorities hours after a February game against the Mavericks and was charged with felony firearm possession.

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 23, 2014 at 1:55 pm

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Mavericks’ Felton pleads guilty in NYC gun case (The Associated Press)

Dallas Mavericks point guard Raymond Felton pleaded guilty Wednesday in a New York gun case, taking a plea deal that involved admitting a felony but spares him jail. Felton pleaded guilty to attempted criminal possession of a weapon and criminal possession of a firearm. Manhattan Assistant District Attorney Jonathan Rebold said Felton will be allowed to do the service outside New York. ''At this point, Raymond is looking forward to starting the next chapter of his life and focusing on success in Dallas,'' his lawyer, James Walden, said after court.

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 23, 2014 at 12:48 pm

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Felton pleads guilty to gun charge, avoids jail time (The SportsXchange)

Raymond Felton pleaded guilty in Manhattan state Supreme Court to a felony gun charge to avoid jail time. Felton, who was traded to the Dallas Mavericks after playing in New York for the Knicks last season, pleaded guilty to attempted criminal possession of a weapon and criminal possession of a firearm. Felton was sentenced to 500 hours community service with potential to serve outside of New York.

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 23, 2014 at 11:00 am

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Jeff Bzdelik to join Grizzlies coaching staff (Yahoo Sports)

Former Nuggets head coach Jeff Bzdelik is returning to the NBA.

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 22, 2014 at 9:32 pm

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Carmelo Anthony has started a venture capital firm (Ball Don’t Lie)

It's a good time to be New York Knicks forward Carmelo Anthony. While re-upping with the team has likely robbed the seven-time All-Star of the chance to win a championship in his prime, Anthony can take considerable solace in earning more than $122 million over the next five seasons . That kind of money doesn't just set a player and his family up for life — it can turn him into a legitimately powerful businessman. Carmelo apparently sees himself as just that, because he has announced a new business venture. This time, though, he's looking to invest in many projects, not just a single one. From Jonathan Shieber for TechCrunch (via Valleywag): Anthony and longtime NBC and Bertelsmann executive Stuart Goldfarb are launching their new investment firm, M7 Tech Partners, with an inaugural investment in the children’s media company Hullabalu. Goldfarb previously served as the president and chief executive of Bertelsmann direct media group responsible for the Book-of-the-Month Club and Columbia House brands (kids, ask your parents). Anthony, the two-time Olympic gold medalist, seven-time NBA All-Star, is hoping to leverage a social media presence of over 5 million followers and his Melo brand into success in tech investment. The New York-based firm will invest in early stage digital media, consumer internet and opportunistic technology startups. “For as long as I can remember, I’ve been interested in technology,” Anthony said in a statement. “We are actively looking for ventures with strong leaders creating breakthrough products that resonate with consumers. I particularly have my eye on companies that are involved with wearable technology and connected devices. These will be huge areas for the future.” It's an open question as to how effectively a large social media presence can turn relatively new businesses into strong companies, but actor and venture capitalist Ashton Kutcher has had reasonable success in a similar role by leveraging his public image, including more than 16 million followers on Twitter. Melo isn't at that level, of course, though it's arguable that Kutcher only grew that much once he earned a reputation as a tech influencer. Perhaps Melo could do the same if he plays an industry pioneer in a hagiographic film project . From a basketball perspective, the points of interest here relate to a superstar's ability to carry his fame and fortune into areas away from the court. After the success of Michael Jordan, it's standard for the best-paid players to consider themselves not just athletes, but full-scale brands with the ability to become pillars of the business world. LeBron James reportedly made $30 million from his investment in Beats by Dre headphones, and it seems likely that Anthony wants to achieve something similar with his firm. Whether he can do it is a crapshoot. Venture capital is not an efficiency-minded game — a success rate in the region of Melo's much-criticized shooting percentages would lead to a historically unprecedented financial windfall. All M7 needs to succeed, really, is a few massive returns, and then they'll stand a good chance at becoming a widely recognized firm that nurtures entrepreneurs and their businesses. As in basketball, it only takes one victory on the biggest stage to convince the world that you had a champion's mettle all along. - - - - - - - Eric Freeman is a writer for Ball Don't Lie on Yahoo Sports. Have a tip? Email him at efreeman_ysports@yahoo.com or follow him on Twitter! Follow @FreemanEric

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 22, 2014 at 8:19 pm

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National Basketball Association roundup (Reuters)

(The Sports Xchange) - Talks between the Chicago Bulls and Minnesota Timberwolves surrounding forward Kevin Love threaten to derail talk of a newly formed 'Big Three' in Cleveland. The Cavaliers are offering No. 1 overall draft pick Andrew Wiggins and 2013 top pick Anthony Bennett to acquire Love from the Timberwolves, but Chicago is still in the picture, according to ESPN. Trade options from the Bulls are likely to be young veterans and former first-round picks Taj Gibson and Jimmy Butler. It is not known whether the Bulls would part with sweet-shooting forward Doug McDermott. ...

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 22, 2014 at 7:15 pm

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NBA roundup: Bulls still in mix for Love (The SportsXchange)

Talks between the Chicago Bulls and Minnesota Timberwolves surrounding forward Kevin Love threaten to derail talk of a newly formed Big Three in Cleveland.

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This post was written by Yahoo! Sports - NBA - New York Knicks News on July 22, 2014 at 7:02 pm

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