Skip to content
Product Of Society
Instagram: @Productofsociety
  • Home
  • About Us
  • News
  • Art & Fashion
    • Design
    • Art & Fashion
  • Music
  • STEM
  • Random
  • Entrepreneurs
Home, News
by productofsocietyJune 19, 201511:45 amJune 19, 2015

News and Notes from Around the NBA

Tim Duncan Loses Over $20 Million Due to Fraud

la-sp-sn-blake-griffin-spurs-20141113
via LA Times

Tim Duncan has amassed over $220 million in on court earnings over the course of his 19-year, 1st ballot Hall of Fame career.  That won’t stop him from lamenting the loss of over $20 million due to what he calls a dishonest financial advisor.

The 39-year-old Duncan sued Charles Banks (his former financial advisor) in January, after uncovering information during his divorce settlement that led him to believe Banks had been misappropriating Duncan’s earnings.

Duncan is adamant that the current financial findings and impending lawsuit will not be the determining factor in terms of Duncan’s return to the NBA.  Duncan stated that “Luckily I had a long career and made good money…This is a big chunk, but it’s not going to change my life in any way. It’s not going to make any decisions for me.”

Banks maintains that he has done nothing wrong and issued a statement through his lawyer regarding the lawsuit: “…We are confident that when all the facts are heard, it will be clear that the claims presented lack foundation.’’

Despite it all, the 4-time NBA champion does not want to become the face of this issue moving forward.

 “I’m not a speech guy. I’m not gonna go out and preach to people…I’m a loyal guy. I’m a man of my word, and I assumed other people would be that way…That’s just not the case in life.”

Let it be a lesson to us all.  Never a bad thing to have someone checking on the someone, who’s checking on your checks!

The Los Angeles Clippers Decide to Rebrand

screen-shot-2015-04-17-at-10-35-11-pm

Steve Ballmer went on “Conan” to share the not-so-radical rebrand of the Clippers franchise he purchased for an NBA record $2 billion in August.  

The new logos, colors and uniforms don’t stray too far from the old but this is a move that makes sense for The Clippers organization following the long and tumultuous battle with their previous owner Donald Sterling (I think we’ve all had enough of him by now).

la-sp-cn-clippers-new-logo-poll-20150617-001

Fans took to twitter to express their… ummm… surprise.

CHwaD_uUAAENN4A

We applaud The Clippers organization for making strides to distance themselves from the Clippers-of-old, but for a franchise valued at over $2 billion they could of at least spent some money on a decent graphic design team, they are in Los Angeles after all!  Let us know what you think.

CHwFT8GUMAAZ9bv CHwFT8HUMAAMjlE CHwFT8HUkAIptav

Hawks Promote Head Coach Mike Budenholzer to President of Basketball Operations

Via: thehoopdoctors.com
Via: thehoopdoctors.com

In March, a little less than 2 months before the NBA announced their league-wide awards, we predicted that Mike Budenholzer would win the 2014-’15 NBA Coach of the Year.  Well, things continue to look up for the second-year head coach.

Thursday Atlanta Hawks officials confirmed he would replace longtime President and General Manager, Danny Ferry after Ferry was put on an indefinite suspension due to racially insensitive remarks he made regarding Luol Deng in a team scouting report.

Assistant General Manager, Wes Wilcox, will assume the role of General Manager and assist Budenholzer in all personnel decisions.  Wilcox was responsible for helping Ferry assemble the roster that led The Hawks to their best season in years and the number 1 seed in this years NBA Playoffs.

The future for Danny Ferry is unclear at this point, the Duke basketball standout has impressed many decision makers around the league with his seemingly sincere contrition and is expected to be offered a similar role with a different NBA franchise.

POS does not condone the racially charged language or sentiment used by Ferry to convey his point about an athletes on-court persona, but we do believe in forgiveness and hope to see a more informed and socially conscious Danny Ferry moving forward.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Like this:

Like Loading...

Related

Tagged with: $20 Million Duncan Atlanta Atlanta hawks Atlanta Hawks General Manager Blake Griffin Logo Clippers new logo Clippers Rebranded logo Danny Ferry Duncan Fraud Hawks los angeles clippers Los Angeles Clippers Logo Luol Deng Mike Budenholzer nba basketball san antonio spurs Steve Ballmer logo Tim Duncan Wes Wilcox

productofsociety

All posts

iThere are no comments

Add yours

Leave a Reply Cancel reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s

Categories

  • About Us
  • Art & Fashion
  • Art/Design
  • Design
  • Entrepreneurs
  • Home
  • Join Us, Be The Change
  • Maneuverin
  • Music
  • News
  • Random
  • Sports & Entertainment
  • Technology

Follow me on Twitter

My Tweets
Blog at WordPress.com.

Begin typing your search above and press return to search. Press Esc to cancel.

  • Follow Following
    • Product Of Society
    • Join 962 other followers
    • Already have a WordPress.com account? Log in now.
    • Product Of Society
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Copy shortlink
    • Report this content
    • View post in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...
 

    %d bloggers like this: