NETS

Nets may refer to:

NETS as an acronym may refer to:

See also

Brooklyn Nets

The Brooklyn Nets are an American professional basketball team based in New York City. The Nets compete in the National Basketball Association (NBA) as a member club of the Atlantic Division of the Eastern Conference. The team plays its home games at the Barclays Center, located in the borough of Brooklyn. They are one of two NBA teams located in New York City; the other is the New York Knicks. The team was established in 1967 as a charter franchise of the NBA's rival league, the American Basketball Association (ABA). They were known as the New Jersey Americans during their first season, before moving to Long Island in 1968 and changing their name to the New York Nets. During this time, the Nets won two ABA championships (in 1974 and 1976). In 1976, the ABA merged with the NBA, and the Nets were absorbed into the NBA along with three other ABA teams (the San Antonio Spurs, Indiana Pacers and Denver Nuggets, all of whom remain in the league today).

In 1977, the team returned to the nearby state of New Jersey and played as the New Jersey Nets from 1977 to 2012. During this time, the Nets won two consecutive Eastern Conference championships (in the 2001–02 and 2002–03 seasons), but failed to win a championship. In the summer of 2012, the team moved to the Barclays Center, and took its current geographic name.

NBA Summer League

The NBA Summer League is a series of off-season competitions during which National Basketball Association teams come together to try out different summer rosters instead of their regular season line-ups. Typically consisting of a mix of rookies, second year players, and unsigned free agents, the current summer league consists of three separate leagues: the Las Vegas Summer League, the Utah Jazz Summer League, and the Orlando Pro Summer League.

History

Summer leagues have existed for decades. Historically, there was not an organized structure, with leagues sometimes overlapping and not officially coordinated. In 2004, the league held the Las Vegas Summer League for the first time; it is by far the largest league, with 23 NBA teams plus an NBA Development League all-star team participating as of 2015.

The Orlando Pro Summer League has been held since 2001. The Utah Jazz Summer League began play in 2015, replacing the Rocky Mountain Revue, an event held from 1984–2008 before going on a lengthy hiatus due to declining participation.

MGM Resorts International

MGM Resorts International is a Paradise, Nevada based gaming, hospitality and entertainment company. It generated about $9.8 billion in 2013. It owns and operates 15 properties in Nevada, Mississippi, and Michigan, and has 50% investments in four other properties in Nevada, Illinois and Macau, China.

The company began operations in 1987 as MGM Grand, Inc., and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its business model from fully owning and operating resorts and casinos, to being more real estate focused—launching the massive CityCenter mixed-use project. However, the latter's development coincided with vast overbuilding on the Strip and a global financial crisis, causing large losses and writedowns in valuation.

National Basketball Association

The National Basketball Association (NBA) is the pre-eminent men's professional basketball league in North America, and is widely considered to be the premier men's professional basketball league in the world. It has 30 franchised member clubs (29 in the United States and 1 in Canada), and is an active member of USA Basketball (USAB), which is recognized by FIBA (also known as the International Basketball Federation) as the national governing body for basketball in the United States. The NBA is one of the four major North American professional sports leagues. NBA players are the world's best paid sportsmen, by average annual salary per player.

The league was founded in New York City on June 6, 1946, as the Basketball Association of America (BAA). The league adopted the name National Basketball Association on August 3, 1949, after merging with its rival National Basketball League (NBL). The league's several international as well as individual team offices are directed out of its head offices located in the Olympic Tower at 645 Fifth Avenue in New York City. NBA Entertainment and NBA TV studios are directed out of offices located in Secaucus, New Jersey.