Gordon Gund is selling his 15 percent stake in the Cleveland Cavaliers, according to Bloomberg.Gund's portion of the team is reported to be worth about $160 million.The news comes as the Cavaliers get set to play Game 2 of the NBA Finals on Sunday against the Golden State Warriors in Oakland, Calif. Golden State leads the series 1-0.Gund and his brother, George, bought the team in 1983 for about $20 million and sold their controlling interest to Dan Gilbert in 2005 for around $375 million. Gilbert is the founder of Quicken Loans Inc. The team is now reportedly worth $1.1 billion.Gordon Gund is 76 years old. George Gund died in 2013.The team would not comment on the transaction and Gilbert did not respond to e-mail requests from Bloomberg.The Cavaliers are led by star forward LeBron James, who is playing in his sixth straight NBA Finals. That includes three with the Miami Heat.NBA rules prevent players from any stake in team ownership. The league also must approve any sale.

F Paul George said he plans to give the Olympics another shot this summer rather than steering clear of the venue where his gruesome ankle injury took place. George, 26, injured his right leg and ankle in a Las Vegas exhibition game as part of Team USA preparations on August 2, 2014. He missed 76 games in 2014-15 recovering from surgery.

F LeBron James had 23 points, 12 rebounds and nine assists for Cleveland in a loss to Golden State in Game 1 of the NBA Finals.

C Anderson Varejao (one rebound, one assist in 3:19) is the first player in NBA history to have played for both finalists in the regular season.

F Kevin Love (17 points, game-high 13 rebounds) recorded a double-double for the Cavaliers in a loss to Golden State in Game 1 of the NBA Finals.

PG Stephen Curry is attempting to become just the fourth player in NBA history to win MVP's and championships in the same season two years in a row. Only C Bill Russell, SG Michael Jordan and SF LeBron James have accomplished the feat.

G Stephen Curry was held to 11 points on 4-for-15 shooting in Game 1 of the NBA Finals, but the Warriors still beat the Cavaliers. Curry was held under 12 points once during the regular season and in Game 4 of the Western Conference first round against Houston.

SG Leandro Barbosa scored 11 points as part of the Warriors' 45-10 domination in bench points Thursday in Game 1 of the Finals.

PG Shaun Livingston had never scored more than 18 points in a postseason game. He didn't score more than 17 in any game during the regular season, and his high in the Warriors' first 17 playoff games this year was 16. However, in Game 1 of the NBA Finals, the veteran backup was at his best, pouring in a team-high 20 points in Golden State's win. Livingston hit eight of his 10 shots from the floor.

SG J.R. Smith didn't use a bruised hand as an excuse Thursday night. Too bad, because he could have used one. Smith was at a loss to explain a three-point effort in Game 1 of the NBA Finals on a night when he had more fouls (five) than points. Unable to shake free against a tough Golden State defense, Smith got off only three shots in 36 minutes.

SF Andre Iguodala scored 12 points as part of the Warriors' 45-10 domination in bench points Thursday in Game 1 of the Finals.

Paul George left his last Team USA workout on a stretcher with his lower leg immobilized and surgery and months of rehab, not a gold medal game, ahead of him.But the Indiana Pacers' All-Star forward said he's planning to give the Olympics another shot this summer rather than steering clear of the venue where his gruesome ankle injury took place. "I want to give it a shot," George said in an ESPN interview, the same day he was named the cover athlete of video game NBA2K17. George, 26, injured his right leg and ankle in a Las Vegas exhibition game as part of Team USA preparations on August 2, 2014. He missed 76 games in 2014-15 recovering from surgery."I was just hesitant on the simple fact that, the past couple years has obviously been tough for me -- just felt like I didn't have enough time to myself, and time to recover, and you know, give my body a rest," George said on SportsCenter. "I didn't want to jump out of a season, jump right into the Olympics. But I think I kind of said that... [More]

Everybody around the NBA has their eyes on Kevin Durant as his possible free agency approaches.That includes recently retired Los Angeles Lakers star Kobe Bryant.Bryant feels the Oklahoma City Thunder star has a unique opportunity in front of him and needs to analyze it from all angles."Yeah, I mean, you know, you've just got to look at it holistically," Bryant told USA Today. "What does he want out of his career? What opportunities present themselves? Even I -- when I was a free agent -- I did my due diligence, I looked at every opportunity and I left no stone unturned, so you have to vet those things."I was just very fortunate things worked out for me in Los Angeles, but he certainly needs to look at every opportunity and make the right decision for himself -- keeping in mind his fan base in Oklahoma, as well."Durant has played his intentions close to the vest but there will be heavy interest in the All-Star forward once he declares for free agency.

Sacramento Kings guard Darren Collison was arrested on suspicion of domestic violence in Placer County, Calif., after an alleged incident with his wife on Monday.According to a police report, Collison faces one count of inflicting corporal injury to a spouse or cohabitant and two misdemeanor bench warrants for driving on a suspended license. He is married to Keyosha Collison.The seven-year NBA veteran was arrested Monday after police were called to a Granite Bay home by a woman who said she was being assaulted. Collison was booked into Placer County Jail was released later Monday on $55,000 bail. He is scheduled to appear in court on July 11."We've been made aware of the situation," the Kings said in a statement. "The Sacramento Kings condemn violence of any kind. We are gathering additional information and once all facts are known we will take appropriate steps."Collison averaged 14 points, 4.3 assists and 2.3 rebounds in 74 games for the Kings this season. He has a three-year, $16 million contract that runs through next season.

On the eve of June 1, Kevin Durant and the Oklahoma City Thunder could feasibly be in their final month together. The seven-time All-Star forward is the gem in NBA free agency and can look beyond Oklahoma City when the market opens July 1. Durant, 27, is from Washington, D.C., and has been rumored to be interested in going home and all points between at various points of the season which ended for the Thunder on Memorial Day night in Game 7 of the Western Conference finals."I mean, we just lost like 30 minutes ago, so I haven't even thought about it," Durant said Monday night. "I'm just embracing my teammates and just reflecting on the season. I'll think about that stuff, I don't know when. But we just lost an hour ago, 30 minutes ago, so I don't know."Golden State and San Antonio, two Thunder rivals and powerhouses in the conference, are likely to be suitors. They can offer a maximum contract worth $25.9 million, or a max deal worth $111 million over four years. The Thunder can offer $149... [More]

SF Andre Iguodala was inserted in place of SF Harrison Barnes in the starting lineup after Warriors coach Steve Kerr earlier told reporters, "I have made 11 alterations to the game plan, none of which I will share with you."

C Pau Gasol might skip playing for the Spanish basketball team at the Rio Olympics this summer because of the Zika virus. Gasol said he is considering not playing because of the uncertainty surrounding the situation in Brazil. The Chicago Bulls center said anyone going to Rio de Janeiro for the Games should think about the risk.

SF Andre Iguodala got the start over F Harrison Barnes in Game 7 against the Thunder on Monday. Iguodala finished with seven points in the Warriors' win.

F Serge Ibaka contributed 16 points for the Thunder in a Game 7 loss at Golden State.

G Russell Westbrook recorded a 19-point, 13-assist double-double, but he shot just 7-for-21 in the Thunder's Game 7 loss to Golden State.