History of the Brooklyn Nets
The Brooklyn Nets, a professional basketball team based in the New York City borough of Brooklyn, was founded in 1967 and initially played in Teaneck, New Jersey, as the New Jersey Americans, later the New Jersey Nets. They are a member of the Atlantic Division of the Eastern Conference in the National Basketball Association (NBA), as well as an original member of the American Basketball Association (ABA). In 2012 they moved to Brooklyn and were renamed the Brooklyn Nets.
History of the Brooklyn Nets
However, they got a rude surprise when the NBA forced the Nets to pay an additional $4.8 million directly to the Knicks for "invading" the New York area. Coming on the heels of the $3.2 million that the team had to pay for joining the NBA, this left Boe short of cash, and he was forced to renege on a promised pay raise for Erving. Erving refused to play for the Nets under these conditions and refused to report to camp.