Bells have rung out across the UK as the final countdown to the start of the 2012 Olympics began. The 2012 Summer Olympics Opening Ceremony takes place on Friday night, July 27, and the world will watch as the greatest athletes on the planet battle for the gold.
The Olympics schedule for men's basketball in the London Games includes five first round games for the U.S., including matchups against France and Argentina.
LeBron James, Carmelo Anthony and Kobe Bryant led Team USA, aptly dubbed the "Redeem Team," to the gold medal at the 2008 Olympics in Beijing, which means they once again have enormous targets on their back.
The 2012 version of the Team USA is loaded with talent. Three-time NBA scoring champion Kevin Durant and his teammate Russell Westbrook add supreme athleticism to the backcourt, while rebounding machine Kevin Love and this year's Defensive Player of the year Tyson Chandler will man the painted area.
The team went 5-0 in exhibition play, and although they were threatened by Brazil and Argentina, they were never truly in a position to lose. To end their Olympic tune-up, they dominated a gifted Spanish team 100-78.
This past off-season, the New York Knicks will be remembered for letting Jeremy "Linsanity" Lin walk away and sign with the Houston Rockets, who cleverly devised a complicated deal to scare the "Big Dogs."
The Knicks may have lost Jeremy Lin to the Rockets, but they definitely made a ton of moves to make up for his loss.
Lin's replacement will be Raymond Felton. Felton was the best he's ever been during his seven-year career as a member of the Knicks. Before getting traded for Carmelo Anthony after 54 games, Felton averaged career highs in points per game (17.1) and assists per game (9.0). More importantly, he helped Amar'e Stoudemire play at an extremely high level during his first season as a member of the Knicks.
Along with Felton the Knicks have focused primarily on upgrading their bench, doing so at three different positions.
At point guard, Jason Kidd is unquestionably better than any of the Knicks' backups last year-Mike Bibby, Baron Davis and Toney Douglas-and his veteran leadership will be invaluable to the bench unit.
The Boston Celtics have been one of the NBA's busiest and successful teams this offseason, in re-signing their own players (Kevin Garnett, Brandon Bass, Jeff Green and Chris Wilcox), Good draft picks (Jared Sullinger, Fab Melo and Kris Joseph), and making moves to acquire new ones (Jason Terry, Courtney Lee and Jason Collins).
Despite all their sign and trade activity so far, the Celtics continue to make moves that will help them make a run at their 18th championship.
The Boston Celtics have reportedly reached a contract agreement with free-agent guard Dionte Christmas, who has impressed on both ends of the floor during the last two weeks of summer league play.
Christmas announced the news on Twitter after the team's final summer league game Sunday, and The Boston Herald reported that the deal contained a partial guarantee.
Although we sometimes like to believe that professional sports are all about passion and competition, there are often painful reminders that it is a business. A very major business move may be on the way in basketball.
In another income-generating move that could generate $100 million in revenues, the NBA is planning to put small sponsorship patches on the shoulder area of team jerseys starting the 2013-14 season.
"I think it's fair to say that our teams were excited about the opportunity and think there is potentially a big opportunity in the marketplace to put a two by two patch on the shoulder of our jerseys," deputy commissioner Adam Silver said after emerging from the NBA Board of Governors' annual summer meeting.
Silver said there was virtually unanimous support for adopting some form of jersey ads, like teams in other sports do, including car racing, golf, soccer and even the WNBA.
He said the matter was referred to the owners' planning committee, chaired by Celtics owner Wyc Grousbeck, and guidelines are expected to be approved in September, in time for the 2013-14 season.
The acquisition of free-agent guard Courtney Lee by the Celtics has finally come to completion after they received some help from the Portland Trail Blazers.
After losing Ray Allen to the Miami Heat and starter Avery Bradley likely to miss the start of the season, Celtics made Houston Rockets shooting guard, Courtney Lee, as their number one priority. They were unable to finalize a sign-and-trade deal that would send Lee to Boston on Thursday night, but after the Trail Blazers were brought into the picture, a three-team trade was put together on Friday.
Lee, who will add to the Celtics' backcourt depth, has signed a four-year contract worth $21.5 million, according to Yahoo!Sports.com.
It looked like the Celtics were out of the running for Lee because of salary-cap constraints, but president of basketball operations Danny Ainge found a way to unload some players and draft picks to make it work.
The Celtics sent JaJuan Johnson, E'Twaun Moore and Sean Williams plus a 2013 second-round draft pick (which they received from the NBA as compensation in the Jeff Green trade) to the Rockets.