11 Updates
NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant
Photo Credit: Getty Images

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant

Feb 24 2014, 8:24pm CST | by

Oklahoma City Thunder star forward Kevin Durant dismissed his $600,000 federal lawsuit against his former accountant Joel Lynn Elliott who allegedly deducted some personal expenses as business expenses on Durant's taxes.

Oklahoma City Thunder star forward Kevin Durant has dismissed his lawsuit against his former accountant Joel Lynn Elliott.  The Associated Press has more on the development in a Feb. 24 update :  "...

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22 weeks ago

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant

Feb 24 2014, 8:24pm CST | by

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant Photo Credit: Getty Images

Oklahoma City Thunder star forward Kevin Durant dismissed his $600,000 federal lawsuit against his former accountant Joel Lynn Elliott who allegedly deducted some personal expenses as business expenses on Durant's taxes.

Oklahoma City Thunder star forward Kevin Durant has dismissed his lawsuit against his former accountant Joel Lynn Elliott

The Associated Press has more on the development in a Feb. 24 update

"Oklahoma City Thunder star Kevin Durant has dimissed his $600,000 federal lawsuit against his former accountant. 

"The two-page filing dated Friday says only that Durant and his company -- K. Durant Enterprises LLC -- had agreed to dismiss the lawsuit filed by Durant in December against Joel Lynn Elliott in federal court in San Jose, Calif. The filing does not say whether there is a settlement

"Attorneys for Durant and Elliott did not return phone calls to their offices. 

"The lawsuit alleged that the California-based Elliott deducted some personal expenses as business expenses on Durant's taxes without proper documentation. It alleged professional negligence, breach of fiduciary duty and breach of contract and sought $200,000 for each of the three counts." 

More specifically, a Feb. 18 TMZ report states Elliott classified personal fees to Durant's chef as a business expense. 

Part of the lawsuit states,"Fees paid to a personal chef would not be regarded by a reasonably prudent accountant as qualifying for a business expense deduction." 

Durant maintains this is just one of Elliott's many misplaced transactions which got him in trouble with the IRS. It reached a point when his tax returns dated 2007 to 2011 were so disorganized, he had to tap another firm to straighten everything out, per the TMZ report. 

Durant is a leading MVP candidate in the 2013-14 NBA season, averaging 31.6 points, 7.7 rebounds and 5.5 assists through Feb. 24, according to ESPN stats .

With this, he told Darnell Mayberry of NewsOK.com during NBA All-Star Weekend how his game has evolved over the past two years.  

"I think the game a little bit more. I would say two years ago it started to slow down for me and I started to see the game in a different light as far as being a scorer, being a facilitator, defender. So it slowed down for me in the last three years. 

"And I definitely have to get better to get where I want to be. But my goal is just always learn from my mistakes, stay strong for my team throughout the tough times and adversity and have fun at the end of the day. And everything else I feel is going to take care of itself."

 His Thunder have the NBA's second-best record with a 43-14 (.754) mark as of Feb. 24. 

 

 
Update
11

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Source: SportsGrid   Full article at: SportsGrid
 

 
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Depleted Team USA Frontcourt Not Cause for Concern at 2014 FIBA World Cup

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Though Team USA should still be favored to win at the FIBA World Cup this summer, it isn't exactly a complete lock to take home a gold medal. Between Spain, Argentina, France and all the other basketball-loving nations set to compete throughout the Canary Islands, Bilbao and Barcelona, Spain, the level of competition should be quite high. So, why aren't the Americans prohibitive favorites? After all, that's the nationality of t ...
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As the second round of the 2003 draft puttered along, the Nets watched as teams ahead of them plucked every player in which New Jersey had interest. The team, fresh off an Atlantic Division win and an appearance in the NBA Finals, was so low on cash, it considered selling the pick to finance its summer league team. With none of their preferred choices on the board, the Nets brass selected Creighton forward Kyle Korver with the 51st pick — and immediately sold his draft r ...
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That and much more in our NBA newsletter. SIGN UP FOR OUR NBA NEWSLETTER Get news, links and Ziller's #hottakes in your inbox every weekday morning. Email Good morning. Let's basketball. DING DONG: The Sterling saga is dead. (We think.) On Monday, the judge ruled against Donald Sterling's bid to reverse his wife's takeover of the family trust and sale of the Clippers to Steve Ballmer. Even better: it appears that an appeal by Sterling can't slow ...
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Much has been made of Chandler Parsons' value in the wake of his move to the Dallas Mavericks from the Houston Rockets, especially after comments made by Parsons himself, Dwight Howard and James Harden. According to The Associated Press, Dwight Howard said of Parsons' departure: "It won't affect us at all." Parsons, for his part, said on Jim Rome's radio show that Howard's co ...
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3

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Last season, while rehabbing from numerous old-man ailments, Steve Nash spent most of his time filming a web video series that focused on the quickly approaching end to his brilliant NBA career. Nash recently stated the obvious – the 2014-’15 campaign will more than likely be his final go-around in the NBA. Per the LA Daily News: “I think this is my last season,” said the 40-year-old Nash in a video posted by Sport TV. “But I st ...
Source: slamonline   Full article at: slamonline
 

 
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2

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Update
1

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Serge Ibaka Talks Recovery, Lessons from the Spurs, OKC Future and Derek Fisher

Jul 28 2014 1:32pm CDT | Source: Bleacher Report

While the Miami Heat find themselves picking up the pieces after the breakup of their Big Three and the Cleveland Cavaliers busy themselves trying to create a new one, the Oklahoma City Thunder have quietly developed one of their own, thanks to the steady improvement of Serge Ibaka. In five years playing alongside Kevin Durant and Russell Westbrook, the Congolese native has transformed from raw reserve to defensive anchor. After a leg injury saw him miss the first two ga ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 

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Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

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