New York - With one victory between them in their first 16 games, the two New York metropolitan-area professional basketball teams, the Knicks and Nets, have announced they are leaving the NBA to join the CYO league of Our Lady of Perpetual Help in Hoboken.

 

"It's a pretty good brand of ball," Knicks GM Donnie Walsh said. "But I think we can be competitive."

 

“Nyet comment” said the Nets’ prospective new Russian owner Mikhail Prokhorov, who was reached in Moscow. Prokhorov, the 6’9” billionaire Russian oligarch, is reportedly being investigated by Commissioner David Stern for calling Nets coach Lawrence Frank “shorter and dumber than Putin.”

 

In a related story, the Fort Wayne Mad Ants of the NBA D-League have applied to replace the Knicks in the tough Atlantic Division. “With the acquisition of Rob Kurz we now have five players,” said the Mad Ants’ coach Joey Meyer.