Pity poor Paul Allen. He only came in at No. 20 on the Forbes list of the 400 Richest Americans. But at least he’ll have something to hold over the heads of the other owners when they convene next month for the Board of Governors meeting in New York (then again, Allen– worth 15 billion– may not attend. He usually sends someone in his place). The only owner who can flex muscles with him is Mikhail Prokhorov of the Brooklyn Nets, with $13.2
The Golden State Warriors have scheduled a news conference for 1 p.m. ET where they are expected to announce plans to move the franchise from Oakland to San Francisco later this decade. A press release called it “a major announcement,” with San Francisco Mayor Ed Lee, Warriors Co-Chairs Joe Lacob and Peter Guber, and NBA commissioner David Stern in attendance. A report in the San Francisco Chronicle has the details, with the Warriors planning to move to a waterside site in the