David Stern said that a new owner of the New Jersey Nets could be approved before the end of the year, and that he thinks the full-time referees will be back before the season starts Tuesday.
The commissioner said yesterday that Mikhail Prokhorov, who has a deal to buy 80 percent of the Nets, had a positive introduction with NBA owners during their two-day board of governors meetings in New York.
Prokhorov's application is under review, and the sale must be approved by three-fourths of the league's owners. The league is performing background checks of Russia's richest man, and Stern emphasized that the process was in its early stages.