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Offseason | NBA Week 26

Billionaire Julia Koch buys share of Nets, Liberty

Wed Jun 19 11:59am ET
Field Level Media

New York billionaire Julia Koch and her children are purchasing a minority stake in BSE Global, which owns the Brooklyn Nets of the NBA, the New York Liberty of the WNBA and Barclays Center in Brooklyn.

BSE Global announced the pending transaction but did not disclose financial terms. The NBA Board of Governors must approve the deal.

Sportico reported the Kochs will buy 15 percent of BSE Global, adding that the value assigned to the company's sports holdings was $6 billion. Under that scenario, the Kochs would pay $900 million for their share.

Forbes ranks Julia Koch as the 23rd-richest person in the world, with a net worth of $65.7 billion. She and her children inherited 42 percent of Koch Industries -- one of the largest privately held companies in the nation -- upon the death of her husband, David, in 2019.


BSE Global and the teams will remain under the control of Joe Tsai and Clara Wu Tsai. Joe Tsai's net worth is $8.6 billion, per Forbes.

Joe Tsai will continue as chairman of BSE Global and governor of the Nets; his wife will remain vice-chair of the corporation and governor of the Liberty. The management of the teams will not change, according to a news release.

"We are pleased to welcome Julia Koch and her family to BSE Global," Joe Tsai said. "Mrs. Koch's commitment to New York institutions is an invaluable addition to our franchise. The Nets have a special bond with the Brooklyn and broader New York communities, and we are looking forward to working with Mrs. Koch and her family as we increase investment in our franchise."

Julia Koch said she and her children -- David Jr., Mary Julia and John - are excited about their involvement.

"Our family is honored to join the Tsai family in shaping, advancing and contributing to the shared vision for the future of the Nets, the Liberty and the broader Brooklyn community," she said.

Player Notes
Al Horford Wed Jun 19 3:30pm

Boston Celtics forward/centerAl Horfordwill be returning for his 18th NBA season next year. Celtics owner Wyc Grousbeck was on The Greg Hill Show on WEEI, a local Boston radio station, and said, "Al is coming back for next year. That's what I've been told." At 38 years old, Horford won his first NBA championship on Monday as the Celtics defeated the Mavs 106-88. He's suited up for 186 postseason contests and averaged 33.8 minutes, 12.2 points, 8.0 rebounds, 3.3 assists, and 1.2 blocks in his career.

Pascal Siakam Wed Jun 19 3:30pm

According to Scott Agness of Fieldhouse Files, Indiana Pacers forward/centerPascal Siakam is close to signing a long-term contract extension with the team. Siakam had a solid first season as a Pacer and should receive a maximum deal. The All-Star forward compiled averages of 21.3 points, 7.8 rebounds, and 3.7 assists in 41 regular-season contests with the Pacers. In January, he was traded from Toronto for Bruce Brown,Jordan Nwora and three first-round picks.

OG Anunoby Wed Jun 19 3:30pm

New York Knicks forward OG Anunoby might end up elsewhere this offseason. Per ESPN's Brian Windhorst, there have been "indications" that Anunoby may want to test the market as a free agent because he is "not thrilled" with what the Knicks are offering. Reports suggest that Anunoby could land a contract worth $35-40 million per year in free agency. Anunoby was a very good fit with the Knicks after arriving from Toronto on Dec. 30. He averaged 14.1 points, 4.4 rebounds, 1.7 steals, and 1.0 blocks with the team. The Knicks had a fantastic 20-3 regular-season record with him in the lineup.

Bojan Bogdanovic Wed Jun 19 3:30pm

New York Knicks forward Bojan Bogdanovic is set to become a trade piece. According to Michael Scotto of HoopsHype, the Knicks are expected to guarantee Bogdanovic's contract for 2024-25, which would make him a trade candidate for the final season of his deal. Bogdanovic has a $19 million deal in place for next season, but only $2 million of it is guaranteed. The Croatian veteran moved to New York in February in a trade with the Detroit Pistons, averaging 10.4 points and 2.0 rebounds in 19.2 minutes off the bench. He was a good bench piece for the team, but the Knicks could be looking to use his contract in a trade for a star player.

Patty Mills Wed Jun 19 3:30pm

Miami Heat point guard Patty Mills wants to continue his playing career. Mills will turn 36 in August but is eager to remain in the NBA after splitting the 2023-24 campaign between Atlanta and Miami. "I take really good care of myself and my body and the plan is to continue to play until the wheels fall off is how I see it," Mills told Ira Winderman of The South Florida Sun-Sentinel. Mills, who won the NBA championship with San Antonio in 2014, has mostly been used as a veteran presence on teams in recent seasons. He was limited to 13.0 minutes and 4.0 points in 32 appearances in 2023-24.

Klay Thompson Tue Jun 18 3:20pm

According to Shams Charania of The Athletic, impending free-agent guard Klay Thompson is open to all "external options" in free agency this summer. The Warriors want him back. However, it remains to be seen how much Golden State is willing to bid for his services. But considering teams like the Orlando Magic could make Thompson a lucrative offer, his future with the Warriors is all but guaranteed. The 34-year-old averaged 17.9 points last season, his fewest since the 2012-13 campaign. He also started in just 63 of his 77 appearances after getting pulled briefly from the first five during the year. While Thompson's production is frustrating for fantasy managers, he could benefit from a change of scenery, especially if he remains in the starting lineup.

Jaylen Brown Tue Jun 18 3:20pm

Boston Celtics guard/forward Jaylen Brown was named the 2024 Bill Russell NBA Finals MVP after the team closed out Dallas with a 106-86 victory on Monday. Brown, who was also voted the Eastern Conference Finals MVP during Boston's successful playoff campaign, had 21 points, eight rebounds, six assists, and two steals in the title-clincher. He averaged 20.8 points in the Finals with 5.4 rebounds, 5.0 assists and 1.6 steals. The 27-year-old is the seventh Celtics player to be named the Finals MVP, the first since Paul Pierce in 2008. Brown has just entered his prime and should remain a valuable fantasy piece for a long time.

Jayson Tatum Tue Jun 18 3:20pm

Boston Celtics forward Jayson Tatum closed out the 2024 NBA Finals in style, going close to a 30-point triple-double in Monday's title-clincher against Dallas. He led all scorers with 31 points and registered eight rebounds and 11 assists with two steals. The Boston star had two 30-point efforts in the five-game series and ended up as the team leader in points, rebounds, and assists. However, the 2024 Finals MVP award went to Tatum's partner in crime, Jaylen Brown. Tatum's scoring numbers dropped in 2023-24, but he recorded a career-high 4.9 assists and had another good fantasy year overall.

Kristaps Porzingis Tue Jun 18 3:20pm

Boston Celtics forward/center Kristaps Porzingis (leg) returned to the court in Game 5 of the 2024 NBA Finals against Dallas on Monday. Despite carrying a leg injury, he contributed six points in 16 minutes off the bench as the team earned banner No. 18 with a 106-88 win. Porzingis, who became the first Latvia native to win an NBA championship, has been diagnosed with a torn medial retinaculum, allowing dislocation of the posterior tibialis tendon. The 28-year-old told ESPN that he will require surgery and have a recovery process of a "few months." Porzingis had another injury-riddled campaign in 2023-24, and his health status is definitely something fantasy managers must consider when planning for the new season.

Al Horford Tue Jun 18 3:20pm

Boston Celtics forward/center Al Horford had a special night on Monday as the team finished off Dallas in the 2024 NBA Finals with a 106-88 win. He shook off an unwanted status as the active player with the most playoff appearances without winning an NBA championship. Horford, who made his debut with Atlanta in 2007-08, played in his 186th career playoff game on Monday. He had a good all-around outing with nine points, nine rebounds, two assists, and two steals. The 38-year-old, who also became the first Dominican-born player to win an NBA championship, filled in admirably for Kristaps Porzingis as the starting center throughout the postseason. James Harden is now the record-holder among active players with 166 playoff contests without winning a ring, while Karl Malone has the all-time mark with 193 games.

Luka Doncic Tue Jun 18 3:20pm

Dallas Mavericks point guard Luka Doncic recorded 28 points, 12 rebounds, five assists, and three steals as his squad failed to extend the NBA Finals against Boston on Monday. Doncic received very little support from his teammates in a 106-88 defeat. It was a disappointing finish to an otherwise outstanding campaign for Doncic, who led the NBA in scoring in 2023-24 and produced 21 triple-doubles. He was also the top scorer in the Finals with 29.2 points per game and became the first player in history to average at least 25 points, five rebounds, five assists, and two steals in the Finals.

Kyrie Irving Tue Jun 18 3:20pm

Dallas Mavericks guard Kyrie Irving managed only 15 points on 5-for-16 shooting in Monday's 106-88 Game 5 loss against Boston. The Mavericks offense struggled right from the off, and Irving was forced to watch his former team celebrate the championship in the end. He was 3-for-9 with the three-ball and picked up three rebounds, nine assists, and one steal. Irving was fantastic in the Conference Finals against Minnesota, but very little went his way in his fourth NBA Finals series. The veteran star, who is now 1-3 in the Finals, averaged 19.8 points, 3.0 rebounds, and 5.0 assists with 27.8 shooting from behind the arc against Boston.

Kristaps Porzingis Mon Jun 17 3:20pm

Boston Celtics center Kristaps Porzingis (leg) is questionable for Monday's meeting with the Dallas Mavericks. Porzingis returned for Game 1 of the NBA Finals after missing over a month because of a Soleus strain. Unfortunately, he suffered a dislocated Left Posterior Tibialis in Game 2 and didn't suit up in Game 3. Porzingis was available in Friday's loss. However, he never made it on the floor. The Mavs built a big lead early in that contest, so it's unknown if Joe Mazzulla would have put him into the game had the score remained close. But if the veteran is active on Monday evening, he's certainly a risky DFS option, considering he may not get off the bench.

Luka Doncic Mon Jun 17 3:20pm

Dallas Mavericks guard Luka Doncic (chest) is probable for Game 5 of the NBA Finals versus the Boston Celtics. Besides receiving pain-killing injections, it doesn't appear the thoracic contusion is much of an issue for the multi-time All-Star. He's averaged 29.5 points, 8.0 rebounds, 5.8 assists, and 2.5 steals during the series. While Doncic has struggled shooting from deep, he remains the top DFS option for managers on Monday evening.

Jarrett Allen Mon Jun 17 3:20pm

Cleveland Cavaliers center Jarrett Allen is reportedly on the Pelicans' radar. Jonas Valanciunas isn't expected back next season, and Brandon Ingram could be on the move, so adding Allen would undoubtedly lessen the blow caused by the potential departures. The 26-year-old finished last season by averaging a career-high 16.5 points with 10.5 rebounds and 1.1 blocks. He also shot 63.4% from the field. Of course, Cleveland's primary focus this offseason is on extending Donovan Mitchell. However, the Cavs could keep their core intact, considering Evan Mobley wasn't the healthiest during the 2023-24 campaign.

Jonas Valanciunas Mon Jun 17 3:20pm

The New Orleans Pelicans are expected to move on from center Jonas Valanciunas this offseason. The 32-year-old will officially be an unrestricted free agent this summer, with the Pelicans planning to construct the roster to complement the skillset of Zion Williamson better. But Valanciunas, averaging 12.2 points and 8.8 rebounds during the 2023-24 campaign, will draw interest from at least a handful of teams. Although his production was down last season, he's among the most durable big men in the National Basketball Association. With that in mind, if Valanciunas finds a stable role for a new team, he could continue to provide double-double upside for fantasy managers.

Andre Drummond Mon Jun 17 3:20pm

Chicago Bulls center Andre Drummond appears ready to move on from the Windy City in the summer. According to Joe Cowley of The Chicago Sun-Times, Drummond is looking for a new team. The veteran big man will be an unrestricted free agent this offseason after completing a two-year, $6.56 million deal in Chicago. Drummond has been a serviceable backup big for the Bulls, averaging 7.3 points and 7.9 rebounds in 15.1 minutes during his stay. The best days are behind Drummond, but he remains a strong rebounder and should help fantasy managers again in the department wherever he lands for the upcoming campaign.

Kevin Huerter Mon Jun 17 3:20pm

Sacramento Kings duo Kevin Huerter and Harrison Barnes are reportedly available on the trade market, according to Michael Scotto of HoopsHype. Both players had disappointing campaigns in 2023-24, and it looks like the Kings will try to shake up the roster after failing to qualify for the playoffs. Barnes could be moving on just 12 months after signing a three-year, $54 million extension with the Kings. The 32-year-old has been a one-dimensional player throughout his career but has performed well in suitable situations. Huerter has proven himself to be a solid starter and could definitely do a good job for a number of teams if he isn't wanted in Sacramento anymore.

Kentavious Caldwell-Pope Mon Jun 17 3:20pm

Denver Nuggets guard/forward Kentavious Caldwell-Pope has had two solid years with the team but might land elsewhere for the 2024-25 campaign. According to Michael Scotto of HoopsHype, the Nuggets are "concerned" that Caldwell-Pope will decline his $15.44 million player option and enter unrestricted free agency. It is believed that the two-time NBA champion could attract a similar deal to the one Bruce Brown signed with Indiana last summer when he left Denver on a two-year, $45 million contract. Caldwell-Pope, who turned 31 in February, posted 10.1 points, 2.4 rebounds, and 2.4 assists with 40.6 percent three-point shooting in 2023-24.

Collin Sexton Mon Jun 17 3:20pm

Utah Jazz guard Collin Sexton could be involved in another trade only two seasons after arriving from Cleveland. According to Michael Scotto of HoopsHype, there is a "belief" among rival executives that Sexton could be on the trade market this summer, along with Jordan Clarkson, who has already previously been linked with a move elsewhere. Sexton has played well with the Jazz, averaging 18.7 points and a career-high 4.9 assists in 2023-24. But he could welcome a change of scenery as well after finding himself as a member of the second unit for large parts of his stay in Salt Lake City. The 25-year-old has two more seasons to go on his contract and will be paid $18.35 million in 2024-25.