Magic Johnson was inducted into the Basketball Hall of Fame in Springfield, Mass., on Friday night, reunited with his former rival Larry Bird in a ceremony that evoked tears for the late Drazen Petrovic and laughs for the antics of the Harlem Globetrotters before the star of Showtime stole the show.
The Hall christens a new $36 million home this weekend, starting with the enshrinement of the Class of 2002: Johnson, Petrovic, the Globetrotters, Philadelphia 76ers coach Larry Brown, North Carolina State women’s coach Kay Yow and Arizona coach Lute Olson.
– The Boston Celtics, one of the NBA’s original and most storied franchises, will be sold to an investment group for $360 million in a surprise deal. Under the agreement, which requires league approval, the team will be owned by a group led by Boston-area venture capitalists Stephen Pagliuca and Wycliffe Grousbeck, as well as Grousbeck’s father, H. Irving Grousbeck, the founder of Continental Cablevision and now a Stanford Business School professor.
