David Nwaba

NBA Notes: Tim Duncan's ex-financial adviser gets 4 years in prison for defrauding him

NBA Notes: Tim Duncan's ex-financial adviser gets 4 years in prison for defrauding him

SAN ANTONIO -- An ex-financial adviser to retired San Antonio Spurs player Tim Duncan has been sentenced to four years in federal prison for defrauding the former NBA star of millions of dollars.

Federal prosecutors say 49-year-old Charles Banks of Atlanta was sentenced during a court hearing Wednesday in San Antonio.

A judge also ordered Banks to pay $7.5 million in restitution.

Banks had pleaded guilty in April to one count of wire fraud.

Investigators say Banks manipulated Duncan --who retired last year after five NBA championships with the Spurs -- into guaranteeing payment of a $6 million debt related to a merchandising business.

Prosecutors say Banks failed to disclose commissions and loans he received in the deal.

Banks is set to report to federal prison as early as Aug. 28.

Lakers: Team exercises Nwaba's $1.3 million option
EL SEGUNDO, Calif. -- The Los Angeles Lakers have exercised their $1.3 million contract option on guard David Nwaba for the upcoming season.

The Lakers announced the move Wednesday.

Nwaba earned a job with the Lakers after they called him up from their D-League affiliate on Feb. 28. The rookie averaged 6.0 points and 3.2 rebounds per game while impressing Luke Walton's coaching staff with his hustle and defensive play.

The Lakers signed him to a new contract with a multi-year component just three weeks after his NBA debut.

Nwaba is a local product, attending University High School in West Los Angeles and Santa Monica College before finishing his college career at Cal Poly.

Raptors: Webster promoted to general manager
TORONTO -- The Toronto Raptors have promoted Bobby Webster to general manager, making the 32-year-old assistant the youngest GM in the NBA.

Webster will report to team president Masai Ujiri. He replaces Jeff Weltman, who left Toronto in May to become president of the Orlando Magic.

A former staffer at the NBA league office in New York, Webster joined the Raptors in 2013 and was named assistant GM in 2016.

His first task will be deciding what to offer All-Star point guard Kyle Lowry, who opted out of the final year of his contract last month after Cleveland swept Toronto in the second round of the playoffs.

Forwards Serge Ibaka, P.J. Tucker and Patrick Patterson are all unrestricted free agents.

Also Wednesday, Toronto promoted Dan Tolzman to assistant general manager.

The Raptors have posted consecutive 50-win seasons and made four straight playoff appearances.

Cavaliers: James teaming with Showtime on documentary
CLEVELAND -- LeBron James will help tell a story he's still shaping.

The Cavaliers superstar is teaming with Showtime on a documentary that will examine the modern NBA and the league's impact on popular culture worldwide. James, who has been producing TV and movie projects for several years, will serve as an executive producer with long-time business partner Maverick Carter.

The three-part documentary will be directed by filmmaker Gotham Chopra and premiere in 2018.

James has become one of the game's most transcendent players. The 32-year-old recently led Cleveland to its third straight Finals -- his seventh consecutive trip. The three-time champion continues to play at an amazingly high level after 14 pro seasons.

"We developed the idea for these films because of the incredible, generational impact some of the NBA's most successful players have had on every aspect of American culture," said Carter, CEO of SpringHill Entertainment. "Gotham is the perfect filmmaker to bring these stories to life, and Showtime is the right platform to showcase how they were able to transcend the game and shape the culture in an unprecedented way."

Chopra previously produced and directed a successful documentary on Kobe Bryant.

"Despite the fact that I am a Boston Celtics fan to the bone, collaborating with Maverick and LeBron was an inspired opportunity," he said. "Sports in general and specifically the NBA provide a great backdrop for storytelling. But these films offer us a chance to go beyond that; to weave a broader cultural narrative in our current social climate."