New Jersey Nets is a professional basketball team that plays in the Atlantic Division of the Eastern Conference. The team is a member of the NBA or National Basketball Association with headquarters located in Newark, New Jersey. Also referred to as the Nets, the team's arena is in the Prudential Center in Newark.
The whole franchise was built in 1967 by Arthur Brown as a part of the American Basketball Association. The team's original name was the New York Americans but due to difficulty in finding a place for the team to play in, it moved to New Jersey where it was then renamed to the New Jersey Americans. In 1968, it was renamed to New York Nets until it was renamed to New Jersey Nets.
The team jointed the NBA in 1976. Today, the whole franchise is owned by Lewis Katz, Jay-Z, Forest City Enterprises and Bruce Ratner. Its general manager is Kiki Vandeweghe who, coincidentally is also the team's interim coach.