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New Jersey Nets NBA Basketball Betting Odds
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NBA Betting Online: The New Jersey Nets were founded in 1967 as a member of the American Basketball Association.
The Nets did not join the National Basketball Association until 1976. They currently compete in the Atlantic Division of the Eastern Conference.
New Jersey will play home games at the Prudential Center in Newark through the 2011-12 season. But the following year, the Nets will relocate to the Prospect Heights neighborhood of Brooklyn in New York City where a new arena is scheduled to be constructed.
This franchise has collected two ABA championships but none in the NBA. It has won two Eastern Conference titles and five division crowns.
The team was originally called the New York Americans. But after settling on playing home games at the Armory in Teaneck, New Jersey, the name was changed to the New Jersey Americans right before the season started.
After finding another home venue in Long Island the second season, the New Jersey Americans became the New York Nets. That mascot was used because it rhymed with the city's MLB and NFL teams, the Mets and the Jets.
Rick Barry was the Nets star player during the ABA days. He would advance New York to the finals two years after being acquired from the Virginia Squires but they were defeated by the Indiana Pacers.
After Barry left the team, the Nets starting rebuilding with a cornerstone named Julius Erving. Erving, nicknamed Dr. J, led the team to its first championship in 1974 after taking down the Utah Stars in the ABA Finals.
The Nets would go on to win another 55 games the following season, the ABA's last, and beat the Denver Nuggets in six games to capture their second ABA championship.
The ABA and NBA merged before the 1977-78 campaign so the Nets, Nuggets, Pacers and Spurs all joined the flourishing league. But the taxes the Nets paid to the Knicks and the league left them in a hole and they couldn't afford to re-sign Erving.
The owner moved the team back to New Jersey, where the name changed once again, but the loss of Erving was too great to succeed. In the Nets first NBA year without Dr. J they finished with the worst record in the league at 22-60. A long phase of futility followed until the 1990s.
Chuck Daly took over as head coach in New Jersey following the 1991-92 season and the hire paid immediate dividends. Armed with All-Star players like Derrick Coleman, Kenny Anderson and Drazen Petrovic, Daly repeatedly took the Nets to the postseason.
Rod Thorn, the longtime NBA executive known for drafting Michael Jordan, took over team president duties in 2000. His first order of business was shipping drama queen Stephon Marbury to the Phoenix Suns in exchange for Jason Kidd.
With players like Kidd, Kenyon Martin and Keith Van Horn, the Nets won their first Atlantic Division title in 2002, finishing the regular season with a 52-30 record. They stormed through the Eastern Conference bracket but were swept by Shaquille O'Neal, Kobe Bryant and the Los Angeles Lakers in the NBA Finals.
New Jersey was even more dangerous the following season with players like Richard Jefferson and Lucious Harris emerging as key contributors. The Nets made it back to the Finals for the second straight year but were ousted by San Antonio in six games.
The electrifying Vince Carter came to New Jersey in a 2004 offseason mega-trade but he never amounted to the same player he was in Toronto. He would eventually depart, as well as Kidd and Jefferson, and the Nets slipped into another stagnant state.
The Nets established an NBA record after losing 19 straight games to start the 2009-10 season. They went on to drop 28 of their first 30 outings and 40 of their first 43. New Jersey was searching for a new owner but the 12-70 record it finished with didn't help matters.
But Mikhail Prokhorov, Russia's second-most affluent man according to Forbes, purchased the Nets in May of 2010. The NBA's first non-American owner has put up most of the funds needed to build the new Barclays Center in the Bronx.
Prokhorov and the Nets brass pulled off a huge trade during the 2010-11 season when they sent Devin Harris and highly-touted rookie Derrick Favors to the Utah Jazz in exchange for perennial All-Star point guard Deron Williams.
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