Philadelphia 76ers

The Philadelphia 76ers (also commonly known as the Sixers) are an American professional basketball team based in Philadelphia, Pennsylvania. The 76ers compete in the National Basketball Association (NBA) as a member team of the league's Eastern Conference Atlantic Division. Founded in 1946 and originally known as the Syracuse Nationals, they are one of the oldest franchises in the NBA, and one of only eight (out of 23) to survive the league's first decade.

The 76ers have had a rich history, with many of the greatest players in NBA history having played for the organization, including Wilt Chamberlain, Julius Erving, Moses Malone, Charles Barkley, Allen Iverson, and Dikembe Mutombo. They have won three NBA championships, with their first coming as the Syracuse Nationals in 1955. The second title came in the 1966–67 season, a team which was led by Chamberlain. The third title came in the 1982–83 season, won by a team led by Erving and Malone. They have only been back to the Finals once since then, during the 2001 campaign, led by Iverson and Mutombo, only to fall to the Los Angeles Lakers, 4 games to 1.

Philadelphia

Philadelphia (/ˌfɪləˈdɛlfiə/) is the largest city in the Commonwealth of Pennsylvania and the fifth-most-populous in the United States, with an estimated population in 2014 of 1,560,297. In the Northeastern United States, at the confluence of the Delaware and Schuylkill River, Philadelphia is the economic and cultural anchor of the Delaware Valley, a metropolitan area home to 7.2 million people and the eighth-largest combined statistical area in the United States.

In 1682, William Penn founded the city to serve as capital of the Pennsylvania Colony. Philadelphia played an instrumental role in the American Revolution as a meeting place for the Founding Fathers of the United States, who signed the Declaration of Independence in 1776 and the Constitution in 1787. Philadelphia was one of the nation's capitals in the Revolutionary War, and served as temporary U.S. capital while Washington, D.C., was under construction. In the 19th century, Philadelphia became a major industrial center and railroad hub that grew from an influx of European immigrants. It became a prime destination for African-Americans in the Great Migration and surpassed two million occupants by 1950.

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.

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.

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.