Nets to bring in Turner’s Levy
The Nets are expected to hire former TV executive David Levy as their new CEO, replacing the departed Brett Yormark.
ESPN had reported Levy being a “serious candidate” for the job. The Post had reported Levy had been a member of the advisory board for Brooklyn Sports & Entertainment — the Nets’ parent company — since its formation by Yormark 3 ½ years ago.
The move would be e-commerce billionaire Joe Tsai’s first since taking 100 percent control of the Nets from prior owner Mikhail Prokhorov. The Alibaba co-founder’s purchase will be approved at the NBA’s Board of Governors meeting next weekend, and the hiring of Levy is expected to be announced after Tsai is rubber-stamped.
Levy had been the president of Turner Media — the unit which houses CNN, TNT, TBS and Cartoon Network — since 2013, but left in March after AT&T bought parent company Time Warner.
He’d been listed in Sports Business Journal’s Top 10 Most Influential Executives in six out of seven years from 2012 through last year.
“Candidly, my career aspirations weren’t lining up to where the company was going to reorganize,” Levy told Sports Business Journal. “My career aspirations are far bigger and wider.”
Apparently that will include overseeing the Nets, a team that just vaulted into the NBA’s upper echelon with the summer acquisitions of All-NBA stars Kevin Durant and Kyrie Irving. That should make it easier to sell merchandise, suites, tickets and TV rights.
Levy is not only familiar with basketball, but intimately involved in the NBA and has a strong relationship with commissioner Adam Silver.
Before running all of Turner Media, he worked for a decade with Turner Sports. He played a big role in negotiating its sports-rights deals, including bringing the NBA to TNT.