The price for the team is $450 million, beating the previous NBA record—$401 million, which was the amount Robert Sarver paid for the Phoenix Suns in 2004.

The sale was brokered by Galatioto Sports Partners, which has been involved in the recent sale of the Charlotte Bobcats and Chicago Cubs.

The Warriors franchise, which was bought by Chris Cohan in 1995 for $119 million, was valued at $315 million by Forbes in December of last year, but the Warriors’ location in the Bay area undoubtedly added more interest and thus a higher price.

The Warriors on-the-court performance obviously didn’t have much bearing on the sale. Since Cohan bought the team 16 years ago, the team has had the second worst record in the league (behind the Los Angeles Clippers) over that time span. But the new logo is awesome!

After weeks of speculation and TMZ-like reporting, LeBron James chose to join Dwyane Wade, and Chris Bosh, in Miami.

“I can’t say it was always in my plans, because I never thought it was possible,” James said on a made-for-LeBron live show on ESPN. “But the things that the Miami Heat franchise have done, to free up cap space and be able to put themselves in a position this summer to have all three of us, it was hard to turn down. Those are two great players, two of the greatest players that we have in this game today.”

LeBron leaves behind Cleveland , a city rich with sport let downs. Many Cavalier fans will make LeBron into the enemy, but the organization itself should be blamed for failing to put together a better team over the past seven years.

Pat Riley is the true star this off-season. He was able to convince two(James, Bosh) of the top ten players in the NBA to join his All-Star Wade. Now Riley will convince other players to join them for a cheap.

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The Boston Celtics agreed to a deal with Jermaine O’Neal. O’Neal’s contract is reportedly for the midlevel exception, about $5.76 million in the first year of a two-year deal. A six-time All-Star, O’Neal has averaged 14 points and 7.5 rebounds in a 14-year career for Portland, Indiana, Toronto and Miami. With the Heat last year, he averaged 13.6 points and 6.9 rebounds in 28 minutes.

David Lee has agreed to a sign-and-trade worth $80 million dollars over six years with the Golden State Warriors.

The deal will send Lee to the Warriors for Anthony Randolph, Ronny Turiaf and Kelenna Azubuike among others.

The Madison Square Garden Theater was ready for draft night as early as 4 am, when fans begin to line up to assure they had a seat when the $15 tickets went on sale at 11 am. Fans from across the country were in attendance to cheer for their respective teams, and boo Commissioner David Stern every time he walked out to the podium. The Chicago Bulls stole some of the early shine by proposing the trade of Kirk Hinrich to the Wizards. Not to be outdone by the Bulls, the Portland Trail Blazers owner Paul Allen decided to part ways with GM Kevin Pritchard on draft night, but let him still make draft decisions….?  The 2010 NBA Draft went pretty much as expected early, with the exception of the Utah Jazz stealing Gordon Hayward from the Pacers. The University of Kentucky set a record with 5 first round selections.

Here is a break-down of pick #1-#15:

First pick, Washington Wizards: John Wall, 6-4, 195, Kentucky, point guard.: The lock No. 1 pick, Wall has been called the most electrifying player in this year’s draft. A product of the John Calipari one-and-done mold, Wall averaged 16 points, six boards and four dimes. Wall brings the Wizards superior speed, athleticism, and late-game shot making, plus a relief from the circus of last year.

Second pick, Philadelphia 76ers: Evan Turner, 6-7, 205, Ohio State, guard. There was nothing Turner didn’t do for Ohio State, and he’s the most dynamic player in the draft. He averaged 20 points, 9 boards, and 6 dimes last season. With a good game around the basket and a solid midrange shot, Turner only needs to work on his outside shooting and ball handling. He shot 36% from three-point range and turned the ball over 4.4 times per game. Doug Collins new head coach of the 76ers gets another chance to coach a future superstar as he did in Chicago with MJ.

Third pick, New Jersey Nets: Derrick Favors, 6-10, 246, Georgia Tech, forward. A rare athlete who can explode from the floor, he’s also got a massive 7-4 wingspan. Though raw, he has shown signs of being a dominant force on both ends. He needs to add weight, improve his conditioning/shooting/ball handling and learn to play against double-teams, but he should become a special player.

Fourth pick, Minnesota Timberwoves: Wesley Johnson, 6-7, 205, Syracuse, forward. A lottery-level talent that is NBA-ready, he’s an explosive athlete who has a good mid-range game and can finish at the rim. He’s a good teammate and an underrated passer, but last season’s Big East Player of the Year needs to add weight and be more aggressive when his jumper isn’t falling. Wesley was also best-dressed.

Fifth pick, Sacramento Kings: DeMarcus Cousins, 6-11, 270, Kentucky, power forward/center. A top-five talent, with excellent athleticism, offensive and defensive skills, he’s a nightmare matchup. Many tend to be critical of his maturity, but, he was one of the best players in the country last season (15.1 points, 9.8 boards).

Sixth pick, Golden State Warriors: Ekpe Udoh, 6-10, 240, Baylor, forward. Udoh was one of the reasons Baylor emerged in the Elite 8 to face off with eventual-champion Duke. His ability to run the floor in a fast-paced offensive possession or hit a midrange shot in the half-court game led to 13 points, 9.8 boards and 3.7 blocks. He needs to improve his overall offensive game, ball-handling and add some weight.

Seventh pick, Detroit Pistons: Greg Monroe, 6-11, 253, Georgetown, forward. A huge upside–some call him a less-athletic Lamar Odom. Monroe can play with his back to the basket or face up. He averaged 16.1 points and 9.6 boards last season, and also dished 12 assists against Providence, the most by a center in Big East Conference history. Needs to prove he can dominate a game, and develop a more consistent jump shot.

Eighth pick, Clippers: Al-Farouq Aminu, 6-9, 215, Wake Forest, power forward. One of the best athletes in the draft; he uses his explosive first step to get to the bucket. He became a double-double player last season (15.8, 10.7), but is turnover prone (3.2 per game last season) and lacks ball-handling skills, relying too often on his athleticism. Still, a fine pick for an up-tempo team.

Ninth pick, Utah Jazz: Gordon Hayward, 6-8, 207, Butler, forward. He led the Bulldogs on their magical run to the NCAA title game and has a high basketball IQ, an outstanding touch (84% from free-throw line) and sneaky athleticism. He lacks post moves and will need to improve his defense in the NBA. Some question his lack of aggressiveness.

10th pick, Indiana Pacers: Paul George, 6-8, 210, Fresno State, forward. A great athlete who has deep range on his jump shot, rebounds well and can run the floor, NBA teams covet players with his size and skill set. Needs to improve his ball-handling and learn to not settle for the outside shot, but he’s an enticing player.

11th pick, New Orleans Hornets: Cole Aldrich, 6-11, 245, Kansas, center. A throwback-style big man that has good footwork and an awkward-but-efficient shooting touch, he’s also a strong shot blocker (averaged 3.5 last season) and cleans the glass well (10.5 boards his last two seasons). While not terribly athletic and fairly calm, a la Tim Duncan, Aldrich possesses strong fundamentals and better-than-average vision for his size.

12th pick, Memphis Grizzlies: Xavier Henry, 6-6, 220, Kansas, shooting guard. The smoothest player in the draft, he moves effortlessly and is a natural scorer who is deadly from outside (40%). He can slash if he needs to and finish at the rim, but he often relies on his left hand too much and can settle for outside shots. At times, he looks passive; at others, fiercely competitive.

13th pick, Toronto Raptors: Ed Davis, 6-10, 225, North Carolina, forward. After being overshadowed by Tyler Hansbrough, Davis had a breakout freshman year (13.4 points, 9.6 rebounds, 2.8 blocks) and showcased his potential as one of the top talents. Long, athletic, with several post moves and speed to run the floor, the main knock against him is his lack of strength  he also needs a reliable jump shot  but his upside is huge.

14th pick, Houston Rockets: Patrick Patterson, 6-9, 235, Kentucky, forward. One of the more NBA-ready forwards in the draft, he made significant improvements to his game in his junior season, including becoming an outside threat (35% from behind the arc) and a defensive presence (1.3 blocks per game). His intelligence, maturity and ability to learn should help him on the next level, though he’s still undersized to be a power forward, which is exactly what Houston loves.

15th pick, Milwaukee Bucks: Larry Sanders, 6-11, 235, VCU, forward. One of the most athletic players in this draft, Sanders had a breakout season as a sophomore, when he averaged 2.7 blocks per game. As a junior, he averaged 14.4 points, 9.1 boards and 2.6 blocks. He still has some developing to do, but his combination of size and speed give him plenty of potential.

Golden St. has a history of amazing uniforms, and this new design is remarkable and a welcomed sight compared to the recent logo. It is obviously a throwback to the “City” uniforms and just as Philadelphia did last season the Warriors go old school, and I love it. The new look was officially unveiled earlier today with the launching of the team’s redesigned website – www.warriors.com.

The Warriors’ new primary logo salutes the team’s Bay Area past and links to the exciting prospects of the organization’s future. A silhouette of the yet-to-be-completed Eastern Span of the Bay Bridge is the focal point of the design and a direct spin-off of “The City” logo, one of the most popular emblems in the history of professional sports.

Merchandise featuring the team’s new look will be available for the first time exclusively at the team’s 2010 NBA Draft Party, which will be held at Oracle Arena on Thursday, June 24 at 3:30 p.m. and is free to the public. Merchandise will also be available on-line through the Warriors Team Store, but not until AFTER the June 24 Draft Party.

Twenty-two NBA teams, including 11 that appeared in the 2010 NBA Playoffs, will compete in this year’s NBA Summer League. For the second consecutive year, a team of NBA Development League Select players will also participate in the action taking place at the Thomas & Mack Center and the COX Pavilion on the campus of the University of Nevada Las Vegas. Marketing partners included in the event are adidas, EA SPORTS, Gatorade and T-Mobile.

This year’s event will feature the Washington Wizards, who won the top overall pick in the 2010 NBA Draft. Other participating teams with top five selections in this year’s draft include the Minnesota Timberwolves(fourth overall pick) and the Sacramento Kings (fifth overall).

Additionally, 10 of the top 14 picks are expected to participate in Las Vegas this summer.

Joining the above-mentioned teams scheduled to appear in Vegas this summer are the Dallas Mavericks,Denver Nuggets, Detroit Pistons, Golden State Warriors, Houston Rockets, Los Angeles Lakers, New Orleans Hornets, Phoenix Suns, Atlanta Hawks, Chicago Bulls, Cleveland Cavaliers, Los Angeles Clippers,Memphis Grizzlies, Miami Heat, Milwaukee Bucks, Minnesota Timberwolves, New York Knicks, Portland Trail Blazers, Sacramento Kings, San Antonio Spurs, Toronto Raptors and Washington Wizards.

Tickets for the 2010 NBA Summer League are on sale and can be purchased by calling 702-739-FANS, through UNLVtickets.com or by visiting the Thomas & Mack Center Box Office and UNLV Ticket Outlets. All general admission tickets are $25 for the day; seniors and children (3-12) are $15 for the day; and children two years and under are admitted free of charge.

A complete broadcast schedule will be released at a later date.

Schedule after the jump.

2010 NBA Summer League Game Schedule:

Friday July 9

COX Pavilion

1 PM – Denver vs. Dallas

3 PM – Houston vs. Phoenix

5 PM – Detroit vs. LA Lakers

7 PM – Golden State vs. New Orleans

Saturday July 10

COX Pavilion

1 PM – Toronto vs. Phoenix

3 PM – LA Lakers vs. Denver

5 PM – Detroit vs. Golden State

7 PM – Dallas vs. Houston

Sunday July 11

COX Pavilion

1 PM – New York vs. Denver

3 PM – Portland vs. Houston

5 PM – Washington vs. Golden State

7 PM – Miami vs. New Orleans

Monday July 12

COX Pavilion

1 PM – LA Lakers vs. New York

3 PM – Sacramento vs. Detroit

5 PM – Dallas vs. Milwaukee

7 PM – Washington vs. LA Clippers

Thomas & Mack

3:30 PM – San Antonio vs. Minnesota

5:30 PM – Phoenix vs. NBA D-League

7:30 PM – Memphis vs. Atlanta

Tuesday July 13

COX Pavilion

1 PM – Denver vs. Chicago

3 PM – Cleveland vs. NBA D-League

5 PM – Milwaukee vs. Memphis

7 PM – Portland vs. New Orleans

Thomas & Mack

3:30 PM – Houston vs. Toronto

5:30 PM – Sacramento vs. LA Lakers

7:30 PM – Golden State vs. Miami

Wednesday July 14

COX Pavilion

1 PM – Denver vs. Houston

3 PM – New York vs. Toronto

5 PM – LA Clippers vs. Chicago

7 PM – Sacramento vs. Minnesota

Thomas & Mack

3:30 PM – Atlanta vs. San Antonio

5:30 PM – Cleveland vs. Phoenix

7:30 PM – Detroit vs. Miami

Thursday July 15

COX Pavilion

1 PM – LA Lakers vs. San Antonio

3 PM – Golden State vs. Phoenix

5 PM – Washington vs. Dallas

7 PM – LA Clippers vs. Portland

Thomas & Mack

5:30 PM – Atlanta vs. Milwaukee

7:30 PM – NBA D-League vs. Memphis

Friday July 16

COX Pavilion

1 PM – Detroit vs. New York

3 PM – Toronto vs. Sacramento

5 PM – Washington vs. New Orleans

7 PM – Memphis vs. Minnesota

Thomas & Mack

5:30 PM – Cleveland vs. Chicago

7:30 PM – Milwaukee vs. Miami

Saturday July 17

COX Pavilion

1 PM – New York vs. Washington

3 PM – Miami vs. Cleveland

5 PM – LA Clippers vs. San Antonio

7 PM – Minnesota vs. Portland

Thomas & Mack

3:30 PM – Toronto vs. New Orleans

5:30 PM – Sacramento vs. Chicago

7:30 PM – NBA D-League vs. Atlanta

Sunday July 18

COX Pavilion

1 PM – Cleveland vs. Milwaukee

3 PM – Chicago vs. Portland

5 PM – Dallas vs. Sacramento

Thomas & Mack

1:30 PM – San Antonio vs. Memphis

3:30 PM – Atlanta vs. Minnesota

5:30 PM – LA Clippers vs. NBA D-League

SCHEDULE SUBJECT TO CHANGE

All Times listed are local Las Vegas time.

Excuse me, I'm dunking here!(AP Photo/Carlos Avila Gonzalez)

You have to know your limitations. Anthony Tolliver rides on an elevator that goes up to the 9th floor. Amare Stoudemires elevator begins at the 10th floor. Anthony Tolliver now knows what fragrance of Right Guard Amare uses. Rest in Peace Anthony Tolliver.

Everything is bigger in Texas, the food, the people, and the stadiums. This years NBA All-Star game is taking place in the Dallas Cowboys Stadium. NBA Commissioner David Stern said because of the collaboration between Cowboys owner Jerry Jones and Mavericks owner Mark Cuban, “The result is now we’re going to wind up having the largest crowd attend a game in the history of the world.”

Both Jones and Cuban have said they hoped the NBA would try to surpass 100,000 fans. The building record is 105,121, set during the New York Giants’ 33-31 victory over the Cowboys in the home opener. During a recent interview with The News’ Eddie Sefko,  Stern remarked that the All-Star Game will “set and retire” basketball’s attendance record.

ALL-STAR WEEK SCHEDULE

WEDNESDAY

4-10 p.m.: All-Star Jam Session presented by Adidas, Dallas Convention Center: This one is for the kiddies. I’m not sure anything happens during the “jam session” other then kids screaming!

THURSDAY

4-10 p.m.: All-Star Jam Session presented by Adidas, Dallas Convention Center: Another Jam Session, just in case you didnt get enough Jam in the first one!

FRIDAY

4-10 p.m.: All-Star Jam Session presented by Adidas, Dallas Convention Center: This is ridiculous, another Jam Session. The kids are gonna be Jammed out!

6-8 p.m.: All-Star Celebrity Game, Jam Session Center Court, Dallas Convention Center: The fun of watching your favorite celebrity show that he shouldn’t quit his day job.

8 p.m.: T-Mobile Rookie Challenge & Youth Jam, American Airlines Center: The Rookies have lost seven straight years to the Sophomores, but Derrick Rose was excused from playing because he was chosen as an All-Star reserve. The height of the Sophomore team could lead to problems for the Rookies, and make it 8 in a row for the Sophomores

Rookie Roster

Sophomore Roster

SATURDAY

9 a.m.-10 p.m.: All-Star Jam Session presented by Adidas, Dallas Convention Center: What a surprise another Jam Session!

7 p.m.: All-Star Saturday Night (Haier Shooting Stars, Taco Bell Skills Challenge, Foot Locker Three-Point Shootout, Sprite Slam Dunk), American Airlines Center:

The Haier Shooting Stars consists of a current NBA player teaming up with a NBA Legend and a player from the WNBA, in a shoot off, how exciting!

The Slam-Dunk Contest has definitly been worth watching recently, but I’m not sure this lineup is going to show us anything we haven’t seen before. Look out for DeMar DeRozan as our pick for the Slam Dunk crown.

At the beggining of the season we knew Stephen Curry was a lock for the 3-Point Contest, but the veteran additions of Paul Pierce, and Chauncey Billups may make it difficult for him to win.

Derrick Rose looks to defend his title in the Skills Competiton against Deron Williams, Steve Nash, and Brandon Jennings.

SUNDAY, FEB. 14

7 p.m.: 59th All-Star Game, Cowboys Stadium, Arlington: At Last the Game itself.

Here are the starters for the East and West,

AP Photo/Pat Sullivan

Nuggets 97 Rockets 92: The Nuggets won for the second straight time without Carmelo Anthony, the NBA’s second-leading scorer, who sat out with a sprained left ankle. The Rockets lost for the eighth time in 12 games, despite yet another dominating start. Chauncey Billups and J.R. Smith were enough to beat the sputtering Rockets who have lost a bit of the intensity they had early in the season. Not to point the finger but Trevor Ariza is shooting 13-45 over the three game skid.

Hawks 90 Spurs 105: An old dog never loses its tricks and the Spurs used everyone of those tricks on display in a trouncing of Atlanta. Tim Duncan grabbed a career-high 27 rebounds and scored 21 points, and the San Antonio Spurs ended their three-game slide with a 105-90 win over the Atlanta Hawks on Wednesday night. It was the first 20-20 game since 2005 for Duncan, who bested his previous career rebounding high of 25, set against Miami in 2003. Jamal Crawford earned his 23rd career 4-point play. Now just one behind Reggie Miller’s NBA record. Whwn the Hawks win and lose BIG!

Lakers 118 Pacers 96: Bynum scored 22 points in the first half. Kobe Bryant took over in the second half and finished with a game-high 29 points to go with nine rebounds and seven assists. Bynum finished with 27 points and 12 rebounds. Indiana decided to go small and it failed. Times have been rough in Indiana, for basketball at least. The Indianapolis Colts are playing in the Super Bowl next Sunday! Los Angeles doesn’t even have a football team, so…small victories.

AP Photo/Sue Ogrocki

Bulls 96 Thunder 86: Derrick Rose scored 26 points, Noah added 13 points and 11 rebounds and the Bulls held the Oklahoma City without a field goal for the first eight minutes of the fourth quarter on their way to a 96-86 victory on Wednesday night. The Truth Sports knew the Del Negro ship would stay afloat. It was Chicago’s fourth straight win — all on the road — after starting the season 4-15 away from the United Center. The Bulls — fresh off wins at Phoenix, Houston and San Antonio — improved to 22-22, returning to .500 for the first time since they were 6-6 on Nov. 21. A disappointing 3 game losing streak that gets tested Friday against the Nuggets….good luck

Heat 103 Raptors 111: Chris Bosh had 24 points and a season-high 18 rebounds,Andrea Bargnani scored 27 points and Raptors played another solid game after beating the Los Angeles Lakers on Sunday.

Ron Turenne/NBAE via Getty Images

“We put (the Lakers game) behind us,” Bosh said. “One thing about a big win, you don’t want to beat a good team and then come back and have a poor performance. You always want to keep the momentum going and I think we’re building some good resistance at home.” Dwyane Wade had 35 points and 10 assists and former Raptors center Jermaine O’Neal scored 22 for Miami, which lost Michael Beasley to a right knee injury. The injury may keep him out of Heats next game against Detroit. Bosh is the onlyRaptors player to start all 46 games this season, and even more appealing to the Heat, and the Rockets, and the…….

Timberwolves 95 Cavaliers 109: Cavs are 9-0 at home against Western Conference teams, if you consider the Timberwolves a team. Just kidding, but this one was a no-brainer. LeBron is dancing in the highlights, and thats never a good sign.

Grizzlies 99 Pistons 93:  The Pistons 11-19 (57.9%) free-throw shooting was the only negative output of the game, unfortunately the Grizzlies shot 26-28 (92.9%) from the stripe. The Grizzlies have passed all the wins they had all last season(24). Ben Gordon (groin) missed his 19th game of the season, and Will Bynum (ankle) also sat out for Detroit.

76ers 88 Bucks 91: This game was not watched, yet it was played. Brandon Jennings scored 18 points, hitting a 12-footer with 22 seconds left, and the Bucks held on for a 91-88 win on Wednesday night after the Sixers missed three shots to tie in the final 11 seconds. Iverson finished with six points, all in the first half.

Jazz 106 Trailblazers 95: Here are some mismatch numbers. The Jazz had 19 turnovers the Blazers had 9. Utah shot 60.3 percent from the field, hitting 38 of 63 shots. Portland shot 36.3 percent (33 of 91). Utah led by as many as 26 points during the first half. The Jazz won for the eighth time in nine games and took over second place in the Northwest Division. Carlos Boozer, who scored 14 points, left the game early in the third quarter with a right calf strain and did not return. Can you hear the money slipping through Boozers fingers. It sounds like when Sonic loses his rings.

Hornets 123 Warriors 110: Did you know Stephen Curry is 5th in steals per game, crazy right? Chris Paul scored 38 points to lead five New Orleans starters in double figures. Paul shot 14 for 19 from the field, made all nine of his free-throw tries, dished out nine assists and grabbed six rebounds. Paul is a lock for All-Star reserve.  Monta Ellis returned for Golden State after missing the past two games with a sprained right ankle and had 19 points, nine assists and six rebounds. He had been averaging 30.7 points over his previous 16 outings. Hope this doesn’t hurt Monta’s chances of making it to the All-Star Game as a reserve. The roster is to be announced tomorrow.

AND THE HIGHLIGHT OF THE NIGHT!!!

NETS WIN!!! NOW THE STRIVE FOR 5!