In another development that could be fortuitous for …

6 days ago 2

Sources said default notices have likely already been sent to Main Street by the league’s primary law firm Proskauer and that a 15-day cure period will begin once the default notices are formally received. In the interim, Main Street will continue to produce this month’s games on its FanDuel Sports Networks for the 13 teams: the Hawks, Hornets, Cavaliers, Pistons, Pacers, Clippers, Grizzlies, Heat, Bucks, T’Wolves, Thunder, Magic and Spurs. Main Street has not yet responded to a request for comment. In another development that could be fortuitous for the NBA franchises, sources believe those 13 teams had safeguards written into their Main Street contracts that line them up to be primary payees from Main Street’s creditors should the business eventually collapse.