STATE COLLEGE — Two little-used reserves are leaving the Penn State basketball program.
The team announced Wednesday that sophomore forward Patrick Ackerman and freshman guard Akosa Maduegbunam were granted releases to transfer. Penn State finished 10-21 and last in the Big Ten (2-16) in coach Patrick Chambers’ second season.
Chambers, in his first full recruiting cycle, signed a four-player high school class highlighted by guard Geno Thorpe out of Shaler.
Also, senior point guard Tim Frazier will return after missing all but four games this year because of an Achilles injury, and guard and Pitt transfer John Johnson will be eligible in December.
Jay-Z selling his share of Nets
NEW YORK (AP) — The Brooklyn Nets are losing one of their biggest names as they prepare for the playoffs.
Jay-Z owned just a little piece of the team, but was a large presence when the franchise changed homes and identities this season.
The rap mogul hopes to become certified as a player agent.
Jay-Z’s Roc Nation company has partnered with Creative Artists Agency and hopes to compete for players in this June’s NBA draft.
K-State’s Weber gets extension
KANSAS CITY, Kan. (AP) — Kansas State rewarded basketball coach Bruce Weber for winning a share of the school’s first conference championship in 36 years with a raise and a one-year contract extension.
Weber’s annual salary will increase by $250,000 to $1.75 million next season and increase by $100,000 each season through 2017-18.
Mihalich takes over at Hofstra
HEMPSTEAD, N.Y. (AP) — Joe Mihalich is leaving behind 15 successful seasons at Niagara to take over Hofstra’s troubled men’s basketball program.
Mihalich, 56, was announced by the school as its 12th basketball coach on Wednesday. He replaces Mo Cassara, who was fired March 22 following a 7-25 season. Four Pride players were arrested in November on burglary charges stemming from dormitory room break-ins.
Jarrett headlines hall nominees
CHARLOTTE, N.C. (AP) — NASCAR champion Dale Jarrett headlined the 25 nominees announced for next year’s Hall of Fame class — a list that finally includes track magnate Bruton Smith.
Five nominees are new to the list, and 20 carried over from last year. New nominees include engine builder Maurice Petty, five-time NASCAR weekly series national champion Larry Phillips and 1960 NASCAR champion Rex White.
Armstrong sells his estate
AUSTIN, Texas (AP) — Disgraced cyclist Lance Armstrong has sold his Austin estate to an oil-and-gas rights agent.
Al Koehler obtained a $3.1 million loan to buy the property, Armstrong’s home since 2004. Although county tax rolls listed the 1.7-acre property’s value at $3.9 million, local real estate agents say the house was listed at $10 million.
Armstrong has admitted to using performance-enhancing drugs. He was stripped of his seven Tour de France titles and is banned for life from the sport.