New Jersey Nets Net Worth

The Brooklyn Nets are a professional basketball team based in the New York City borough of Brooklyn. They are members of the Atlantic Division of the Eastern Conference in the National Basketball Association (NBA). The team is one of two NBA franchises that play home games in New York City; the other is the Knicks.
An original member of the American Basketball Association (ABA), the Nets were founded in 1967 and initially played in Teaneck, New Jersey as the New Jersey Americans. In its early years, the team led a nomadic existence, moving to Long Island in 1968 and playing in various arenas there as the New York Nets. It won two ABA championships in New York before becoming one of four ABA teams to be admitted into the NBA as part of the ABAa??NBA merger in 1976. The team then moved back to New Jersey in 1977 and became the New Jersey Nets. During their time in that state, the Nets saw periods of losing and misfortune intermittent with several periods of success, which culminated in two consecutive NBA Finals appearances in the 2001a??02 and 2002a??03 seasons.
After 35 seasons in New Jersey, the team returned to the state of New York in 2012 to play in the new Barclays Center in Brooklyn as the Brooklyn Nets.
The franchise was established in 1966 as a founding member of the American Basketball Association (ABA), with trucking magnate Arthur J. Brown as the owner. Brown had operated several AAU teams in and around New York City, and was viewed as an ideal pick to run the nascent league's New York franchise. The team was named the New York Americans, and Brown intended for it to play at the 69th Regiment Armory in Manhattan, but pressure from the New York Knicks of the older National Basketball Association (NBA) forced the Armory to back out three months before opening day. Brown found it difficult to find a suitable replacement venue in New York, as some were booked solid, and others had owners who didn't want to anger the Knicks by opening their doors to a