Nets and CEO David Levy Part Ways After Just 2 Months

Former Nets CEO David Levy

The Brooklyn Nets are getting new leadership. In a surprise move, David Levy is out as CEO of the team less than two months after being brought into the mix by new team owner Joe Tsai. According to reports, the split was mutual.

According to NetsDaily, the departure was caused by differences in the relationship “on a philosophical level” and the trip to China was not an issue.

Oliver Weisberg will serve as the organization’s interim CEO. Weisberg released the following statement on Tuesday.

I want to thank David for his collaboration over the past several months and wish him well in his future endeavors. As we enter an exciting next chapter of our organization, it’s important that ownership and management are completely aligned on our go forward plan. We are proud of the culture of the Brooklyn Nets under the leadership of general manager Sean Marks and head coach Kenny Atkinson, and we look forward to continue bringing the best experience to our fans.

“David Levy is a respected media executive and a friend. Truly appreciate his efforts in the past few months. I wish him well in his next endeavors,” Nets owner Joe Tsai tweeted on Tuesday.

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Levy Hired By Nets

In September, owner Joe Tsai hired the former president of Turner Broadcasting to help run the team and reshape the television operation with YES Network. The move came the same day Tsai completed his purchase of the franchise and Barclays Center.

“We found David Levy, who joined us as CEO,” Tsai told the NY Post in September. “A terrific guy and someone who’s got tons of experience and lots of expertise and familiarity with the league. So for him to run the business side of things is tremendous for us. The good thing about having David in place is he’s very creative, very entrepreneurial.”

According to Adrian Wojnarowski, Levy “worked closely with the NBA in his capacity overseeing Turner Sports’ television coverage and has a strong relationship with commissioner Adam Silver.”

Levy had very high hopes for the team and the growth of the YES Network, which airs most of the Nets games in the New York Metropolitan area. Levy was banking on his television experience with Turner to spark growth for the on-air product in Brooklyn, with the help of a winning culture.

“The No. 1 television market in the world wasn’t playing well. Now you put the No. 1 television market in a winning situation, I guarantee YES ratings will go up and I guarantee you the national ratings when they put the Brooklyn Nets on will go up,” Levy told the NY Daily News before his departure.

The Nets made two blockbuster free-agent signings during the offseason, bringing on Kevin Durant and Kyrie Irving. The team has already seen a boost in revenue because of the big-ticket signings.

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Follow Jared Smith on Twitter: @jaredleesmith