Turner Sports president David Levy and NBA deputy commissioner Adam Silver will jointly manage the venture.
The league announced today that the deal will run through the 2015-16 season. Turner already airs dozens of NBA games on TNT each season.
Under the agreement, Turner will run NBA TV, the league's television network; NBA.com; NBA League Pass, a service that allows fans to watch out-of-market games; and the league's broadband and wireless businesses.
Turner and the NBA will jointly sell advertising for all the operations and will share profits.
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