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Nets Owner Joe Tsai Addresses 'Embarrassing' Reality of Knicks' Championship Run

Tsai said the Knicks' title irked Nets fans, but he said the team will keep rebuilding around a young core and recent additions.

  • The New York Knicks ended a 53-year championship drought by winning the 2026 NBA Finals, drawing over 2 million fans to their parade through Manhattan's "Canyon of Heroes" earlier this summer.
  • Brooklyn Nets owner Joe Tsai admitted the Knicks' success is "embarrassing" to his franchise, though he insisted the crosstown rivals' title will not alter Brooklyn's rebuild "trajectory."
  • Sean Marks stated, "I think all we control is our path," noting he is happy with how the coaching staff and young core are developing for the future.
  • Peter Stern, chief financial officer for Brooklyn Sports & Entertainment, told CFO Magazine the Nets hope to leverage the Knicks' championship "tailwinds" to attract "dormant fans."
  • Starting Nov. 2 at Madison Square Garden, the Knicks and Nets are scheduled to play four times in the 2026-27 season, with the first matchup beginning their rivalry renewal.
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New York Post broke the news in New York, United States on Tuesday, August 18, 2026.
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