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The sale is expected to be ratified by the NBA later this year, but Lacob and Guber already are heavily involved in running the Warriors.
Nelson is a three-time NBA coach of the year, but he's also the only coach with more than 1,000 career victories who hasn't been enshrined in the Basketball Hall of Fame.
His teams won at least 50 games in 13 seasons, but he also went through several lows -- notably a tumultuous 59-game stint with the Knicks in 1995-96.
Nelson began his career as coach and general manager of the Bucks in 1976, making the playoffs nine times in his 11 seasons. He took over the Warriors in 1988 and immediately installed the uptempo offense that led to the "Run T-M-C" era of exciting hoops led by Tim Hardaway, Mitch Richmond and Mullin.
But Nelson clashed with No. 1 overall draft pick Chris Webber and eventually left the Warriors during the 1994-95 season. After a short stint on Broadway, he took over the struggling Mavericks in 1998 and transformed them into a playoff team by his fourth season, surviving a bout with prostate cancer along the way.
Dallas reached the Western Conference finals in 2003, losing to the San Antonio Spurs. His parting with the Mavericks in March 2005 eventually turned acrimonious, with Nelson and owner Mark Cuban eventually getting involved in litigation over Nelson's compensation.
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