Tuesday, April 27, 2010

Russian Billionaire Is White Knight for the Nets

Prokhorov also understands star power and the value of mystique. He declined to be interviewed for this article, preferring to prolong the speculation about his plans. It is a strategy that has already paid off. Expectations about him are such that reports have circulated on two separate occasions that he had offered Duke Coach Mike Krzyzewski $12 million to $15 million a year to coach the Nets. Krzyzewski has said he intends to stay at Duke, but that has not altered the belief that after years of cost-cutting, the Nets could quickly join the league’s big spenders. FULL STORY