“The documents are already submitted to the NBA office,” Prokhorov said in an interview with Forbes Russia magazine. “The name change will happen in 2012.”
Any NBA team with the intention of changing its name, logo or uniform must apply to the league 25 months before the start of the season in which it intends to unveil the change. The final decision rests with the NBA’s 30-member Board of Directors.
As of right now, no specific change has been detailed in the application, Baum said in a telephone interview.
Prohkorov purchased the team in September 2009. The Nets, who will play in Newark’s Prudential Center for the next two seasons, finished a league-worst 12-70 last year.
Source: Bloomberg
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