Brooklyn Nets governor Joe Tsai owned that his team didn't perform as hoped for last season. Tsai also said, "In New York, the Brooklyn Nets is at a crossroads in a way."

Tsai went on to explain that the Nets are trying to build a team that can compete long-term. That's guiding decision-making instead of short-term thinking designed around winning immediately.

"We didn’t do as well as we expected last season. We didn’t make the playoffs," Tsai said. "But we hope to revamp the team and make sure that we can compete in the long run… There’s a difference between I want to win, versus I want to build a winning mentality and culture that’s sustainable. Those two are very different things. If you just want to be win-now you could ruin your future by trading away all of your assets, but I think what I want to do with the Brooklyn Nets is take a longer-term approach and build a winning sustainable culture"