The Golden State Warriors have been one of the NBA’s worst teams in recent years, but they did set an off the court record this week. On Thursday, an agreement was reached to sell the team to Boston Celtics’ minority partner Joe Lacob and Mandalay Entertainment CEO Peter Guber for $450 million (US). That is the highest price ever paid for an NBA team, eclipsing the $401 million that Robert Sarver paid for the Phoenix Suns in 2005. The sale must now be approved three-quarters of the NBA Board of Governors, and Lacob must unload his interest in the Celtics.

The New Jersey Nets have reached a verbal agreement with Avery Johnson to become the head coach of the NBA team. Johnson is a former NBA Coach of the Year who has been working in broadcasting for ESPN since being fired by the Dallas Mavericks in 2008. Johnson’s hiring will be the first major duty of the team’s General Manager Rod Thorn, who was moved to that position from his role as Team President. As of yet, nothing has been formalized with Johnson and any sort of official announcement will not take place until a deal is in writing.

The Magic routed the Celtics 113-92 Wednesday to extend the Eastern Conference finals.

Following LeBron James’ hype filled announcement that he’s signing with the Miami Heat, Cleveland Cavaliers’ owner Dan Gilbert lashed back with a scathing letter on the team’s website. Hopefully it took a ‘load off his mind’ but it definitely took some weight out of his wallet—on Monday, he was fined $100,000 for his comments by NBA Commissioner David Stern. Stern also indicated that Gilbert should stay mum about what transpired unless he wanted to receive another hit to his wallet.

Legendary college basketball coach John Wooden, who transformed UCLA into one of the greatest dynasties in sports history, died this weekend at the age of 99. Known as ‘The Wizard of Westwood’ (a reference to the Westwood area of Los Angeles where the UCLA campus is located), Wooden led UCLA to 10 NCAA championships including an unprecedented 7 straight between 1967 and 1973. That streak is unlikely to ever be equaled—since UCLA’s run no other team has won more than two consecutive NCAA championships.

The Orlando Magic were awful in Game 3 of the Eastern Conference Finals at the Garden against the Celtics. The 94-71 Magic loss doesn’t even indicates how much the Celtics dominated the game, taking a 3-0 lead in the series.