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Home - News archive April 2020





  News archive April 2020


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April 30, 2020 - Jacob Pullen extends contract with Mornar for 2 more years
Another great news for Mornar fans! The league’s 2nd best scorer Jacob Pullen has extended his contract with the orange & blue side for 2 more years! Mornar has therefore continued creating the team for the future. Read more here.

April 29, 2020 - Isaiah Whitehead extends contract with Mornar for one more season
Isaiah Whitehead will play for Mornar in the next season! The two sides have extended their contract for one more year, which means that the 25-year old American point guard will remain among Bar troops. Whitehead arrived in Mornar in January this year. Read more here.

April 29, 2020 - Aleksandar Lazic agreed on cooperation with Mornar
Mornar have announced that they have agreed on cooperation for the next season with a player that is coming from the ranks of Koper Primorska – Aleksandar Lazic. Lazic has been averaging 7.3 points and 4.7 rebounds per game so far this season in the ABA league. Read more here.

April 29, 2020 - Mavericks and Spurs reportedly targeting Campazzo
Dallas Mavericks and San Antonio Spurs are interested in Facundo Campazzo. Campazzo has been for years on the NBA radar and while the names of the specific teams can’t be confirmed at this point, he is widely considered one of the main candidates to leave Europe for the NBA. Read more here.

April 29, 2020 - Tony Wroten, Badalona mutually agree to part ways
Joventut Badalona and Tony Wroten reached an agreement to part ways, the Spanish team announced on Wednesday. The Washington alumni moved to Spain in January signing a contract up to the conclusion of the 2019-20 season. Read more here.

April 29, 2020 - Khimki counting on Mozgov for next season
Timofey Mozgov is en route for a second go at returning to action with Khimki Moscow Region, said the Russian club’s GM, Pavel Astakhov. Mozgov returned to Khimki last summer signing a one-year contract. Read more here.

April 29, 2020 - Stelmet Enea to keep Zan Tabak at helm
Zan Tabak will reportedly remain the head coach of Stelmet Enea Zielona Gora next season. The Croatian specialist took over the team at the start of the previous season. He guided the team to 8 wins in 19 VTB League games. Read more here.

April 28, 2020 - Partizan keeps Zagorac for two more years
Serbian powerhouse Partizan NIS Belgrade locked up one of the cornerstones of its team by signing forward Rade Zagorac to a two-year contract extension, the club announced on Monday. Zagorac (2.06 meters, 24 years old) has spent the past two years with his hometown club. Read more here.

April 27, 2020 - Matteo Legat leaves Saint-Chamond
23-year old point guard Matteo Legat (192-96) left Saint Chamond Basket Valle du Gier (ProB). Legat has played there for the last four years. He played there also last season where in 40 ProB games he averaged 6.0ppg, 1.8rpg and 1.4apg. Read more here.

April 27, 2020 - Boris Diaw exits Metropolitans 92
Boris Diaw opted to leave Metropolitans 92, ten months after being elected president of the French club, the team announced. The retired player assumed his position as president on July 4, 2019, nine months after concluding his playing career. Read more here.

April 27, 2020 - Ebuka Izundu left Real Betis
23-year old Nigerian center Ebuka Izundu (208-107kg-96, college: Miami, FL) left Coosur Real Betis Sevilla (Liga Endesa). In 17 games in Spain he had 4.2ppg and 3.1rpg this season. The last season Izundu played at the University of Miami in NCAA. Read more here.

April 27, 2020 - Faycal Sahraoui stays with Toulouse
Toulouse retained Faycal Sahraoui for another season. Algerian guard joined the team last season. He tallied 9.4 points, 7.1 assists and 3.3 rebounds per game in NM1. Previously Faycal Sahraoui played for State Rochelais, La Rochelle, Nantes, Sainte Luce, Boulougne. Read more here.

April 27, 2020 - Rokas Jokubaitis reportedly makes himself available for NBA draft
Zalgiris Kaunas’ Rokas Jokubaitis declared for the 2020 NBA draft, according to Lithuanian reporter Donatas Urbonas. The 19-year-old Lithuanian point guard carries experience from 22 Turkish Airlines EuroLeague games including ten this season. Read more here.

April 26, 2020 - Promitheas brings back Mouhammad Faye
Mouhammad Faye and Promitheas Patras have agreed on a 1+1 year deal, with a team option for the second season and the deal will soon become official. Faye will make his return to the Greek team for his third stint. Read more here.

April 26, 2020 - CSKA Moscow president claims there will be a 30% reduction in the 2020-21 budget
CSKA Moscow president Andrey Vatutin said he expects a 30% reduction in the budget for the 2020-21 season. With all due respect to the stars of European basketball, their salaries aren’t determined by the income of clubs and leagues, as in the NBA. Read more here.

April 25, 2020 - Sergio Scariolo confirms talks with the Spanish Basketball Federation for a contract extension
Sergio Scariolo confirmed he is in talks with the Spanish Basketball Federation for a contract extension until 2024. “Indeed, we are in talks for a contract extension until the 2024 Summer Olympic Games. Both sides are willing to continue their collaboration." Read more here.

April 24, 2020 - Jason Thompson and DJ Seeley leave Zaragoza
Zaragoza allowed Jason Thompson and DJ Seeley to depart from the club, following the players’ request to leave, as a consequence of coronavirus pandemic. The club has accepted their request, proceeding to terminate their existing contracts. Read more here.

April 24, 2020 - Gembo BBC inks coach Tom Van den Bosch
Gembo BBC Borgerhout (Top Division I) agreed terms with 36-year old coach Tom Van den Bosch. He coached last season at Ekeren in the U18 League. The specialist finished his player's career back in 2015. He lastly played for Sint-Niklase Condors. Read more here.

April 24, 2020 - Igor Zaytsev showcases with 17 points and 13 rebounds in Taiwan
Igor Zaytsev had a great game with 17 points and 13 rebounds in Taiwan, however once again it could not help his team. Yulon Luxgen grabbed 2-0 lead in the SBL Finals. They held off Taiwan Beer 89-83 for the second straight victory. Read more here.

April 22, 2020 - ABA League j.t.d. clubs met remotely to discuss COVID-19 situation
On Wednesday, 22 April 2020, ABA League j.t.d. clubs have held a remote video meeting and analysed the current situation, that has evolved during the COVID-19 global pandemic, which has led to the ABA competitions being suspended until further notice. Read more here.

April 22, 2020 - Ludovic Beyhurst to sign with Limoges
Ludovic Beyhurst (168-PG-99) will sign a two-year deal with Limoges. The point guard arrived to Limoges in December on loan from Strasbourg. The latter still had a year on the player's contract but Limoges agreed on terms of contract buyout. Read more here.

April 22, 2020 - Craig Lecesne extends contract with Nassjo
Nassjo and Craig Lecesne (206-F/C-97, college: SJSU) have agreed on terms of contract extension. The centre will spend another season in Sweden. Craig Lecesne joined Nassjo back in January. He tallied 4.1 points and 2.7 rebounds per game in Basketligan. Read more here.

April 22, 2020 - Olivier Yao-Delon leaves Saint-Quentin
25-year old swingman Olivier Yao-Delon (196-95) left ProB newcomer Saint-Quentin Basket-Ball. Yao-Delon has played there for the last three years. He played there also last season where in 38 NM1 games he averaged 7.4ppg and 2.5rpg. Read more here.

April 22, 2020 - Janik Van Impe is a newcomer at Gent Hawks
Wanty Gent Hawks (Top Division I) added to their roster 22-year old shooting guard Janik Van Impe (188-98). He played last season at Basket Sijsele. In 19 Top Division I games he recorded 10.4ppg, 2.7rpg, 2.5apg and 1.8spg (in top 5) this season. Read more here.

April 22, 2020 - Basket Esch keep Sylvain Lautie at helm
Sylvain Lautie will remain the head coach of Basket Esch. The French specialist took over the team back in 2018. He led the team into Total League semifinals in 2018 and 2019. Lautie is also the head coach of the Mali Women National Team. Read more here.

April 21, 2020 - Ioann Iarochevitch re-signs with Liege
Ioann Iarochevitch (207-PF-89, agency: LBM Management) will remain with Liege next season. The power forward has renewed the deal with the team. Ioann Iarochevitch tallied 11.7 points, 6.0 rebounds and 1.6 assists per game in Euromillions League last season. Read more here.

April 18, 2020 - Buducnost wants to organize the ABA League Finals
Buducnost president Dragan Bokan said that the club is ready to organize an ABA League Finals in Podgorica for the conclusion of the season. Bokan mentioned that Montenegro is the safest area in the Balkan region to host such a tournament. Read more here.

April 18, 2020 - Partizan reportedly sends letter to EuroLeague for hosting a EuroCup Final Eight
Partizan Belgrade president Ostoja Mijailovic sent a letter to EuroLeague Basketball, confirming that Partizan wants to host the EuroCup Final Eight if a decision will be taken that the competition will finish with such a tournament, according to Sporski Zurnal. Read more here.

April 18, 2020 - Oscar Navarro stays with CB Esparreguera
Oscar Navarro will remain at helm of CB Esparreguera. The specialist will enter his fifth straight season with CB Esparreguera. He guided the team to EBA promotion back in 2017-18 season. CB Esperreguera finished at 7-14 record in Group C-A in 19/20 season. Read more here.

April 18, 2020 - Paul Herman Eboua leaves Pesaro
Cameroonian power forward Paul Herman Eboua (203) left Consultinvest VL Pesaro (Serie A). In 18 games in Italy he recorded 7.4ppg and 5.3rpg this season. The last season Eboua played at Roseto Sharks where in 35 Serie A games he averaged 5.3ppg and 3.4rpg. Read more here.

April 18, 2020 - Nancy signs Charles Nkaloulou
Sluc Nancy Basket Pro (ProB) signed 26-year old Congolese forward Charles Nkaloulou (200-94, agency: Promo Sport ID). He played last season at Aix-Maurienne. In 20 ProB games in France he had 11.4ppg and 4.8rpg this season. Read more here.

April 18, 2020 - Naestved lands Sergej Rudovic
Team FOG Naestved (BasketLigaen) tabbed 17-year old Serbian guard Sergej Rudovic. He played recently at Talje Knights in Swedish Basketettan. In two games he averaged 2.5ppg and 1.5rpg this season. The same season he was part of Sodertalje BBK U17 team (Sweden). Read more here.

April 16, 2020 - Edwin Jackson extends deal with Estudiantes
Movistar Estudiantes agreed on terms of contract extension with Edwin Jackson (190-SG-89, agency: BeoBasket). The French international will stay with the Spanish team through 2022. Edwin Jackson joined Estudiantes in February. Read more here.

April 16, 2020 - Jordi Bertomeu on resuming the season
Turkish Airlines EuroLeague CEO Jordi Bertomeu held a conference call to discuss the current situation in Europe due to the COVID-19 pandemic and the possibility of resuming the season. The final decision on this matter should be taken in five weeks from now. Read more here.

April 16, 2020 - Baskonia to reportedly re-sign Ivanovic for 2020-2021
Dusko Ivanovic will stay as head coach of Baskonia in the 2020-2021 season according to a report by El Correo. Ivanovic returned for his third stint with the Basque side in December by signing a contract for the remainder of 2019-2020. Read more here.

April 16, 2020 - Darussafaka, Jones part ways
Darussafaka Tekfen announced that the club and forward Jarrod Jones have mutually agreed to part ways. The American player had joined Darussafaka in the 2019 offseason. Jones, 29, averaged 9.8 points and 6.3 rebounds in 24:15 minutes over 16 games in EuroCup. Read more here.

April 15, 2020 - Yam Madar has entered the 2020 NBA Draft
Israeli point guard and a potential second-round pick in Yam Madar has entered the 2020 NBA Draft, his agent Alex Saratsis told ESPN. The 19-year-old 191cm tall guard has been playing for Hapoel Tel Aviv’s youth squads and started his professional career there as well in 2018. Read more here.

April 15, 2020 - New York Knicks and David Blatt part ways
New York Knicks and David Blatt will part ways as his consulting agreement has expired, according to NY Post’s Marc Berman. Changes in the Knicks structure were expected after Leon Rose became the new president replacing Steve Mills. Read more here.

April 15, 2020 - Nikos Rogkavopoulos declares for the NBA Draft
Nikos Rogkavopoulos has decided to try his luck and has declared for the 2020 NBA Draft. The 203cm tall Greek prospect has been playing with AEK Athens since 2017 and this season, he played 12 games split between the Greek League and Basketball Champions League. Read more here.

April 13, 2020 - Cedevita Olimpija part ways with Bratoz and Artis
Cedevita Olimpija have reached an agreement to terminate contracts with point guards Domen Bratoz and Dominic Artis. Both joined the squad of the Dragons in January 2020. Dominic Artis played four games for Cedevita Olimpija in the ABA League. Read more here.

April 12, 2020 - Cedevita Olimpija part ways with Kruslin, Stipanovic and Zirbes
Cedevita Olimpija has agreed with Filip Kruslin, Andrija Stipanovic and Maik Zirbes to terminate the agreements by mutual agreement. All three players came to Ljubljana ahead of the start of the 2019-20 season. Read more here.

April 11, 2020 - Milutinov to reportedly sign with CSKA
The Serbian big man has reportedly accepted CSKA’s big offer. According to encestando.es, Milutinov has already signed a multiyear contract with the Russian club, even though Olympiacos offered Milutinov a new contract with salary increase. Read more here.

April 11, 2020 - Sacramento Kings intend to re-sign restricted free agent, Bogdan Bogdanovic
Bogdan Bogdanovic is set to become a restricted free agent, but the Sacramento Kings plan to keep him around, Jason Jones of The Athletic reports. Re-signing the 27-year-old Serbian swingman will be the top priority, the report notes. Read more here.

April 11, 2020 - Georgios Kalaitzakis makes himself eligible for NBA draft
Georgios Kalaitzakis told ESPN on Saturday that he made himself eligible for the 2020 NBA draft. The hot European prospect joined Nevezis on loan for the 2019-20 season. Posted 12.2 points, 4.3 rebounds, 2.3 assists and 1.0 steals per LKL game. Read more here.

April 11, 2020 - Raul Martinez renews deal with Castelldefels
Castelldefels decided not to make changes on the bridge. The team has agreed on terms of contract extension with head coach Raul Martinez. The specialist has been working with Castelldefels since 2015. Last season Raul Martinez led Castelldefels to 13 wins in 21 EBA games. Read more here.

April 11, 2020 - Keflavik confirm Lithuanian center Dominykas Milka
Keflavik confirmed 27-year old Lithuanian center Dominykas Milka. In twenty Dominos League games he had very impressive stats: 20.9ppg, 12.1rpg, 3.1apg and 1.0spg this season. He helped them to end the regular season as a second best team in the league. Read more here.

April 11, 2020 - Kevin Stilmant is a newcomer at Liege
VOO Liege Basket (Euromillions League) added to their roster center Kevin Stilmant (204). He started the season at Spirou Basket Charleroi B in the Top Division I. In 20 games he recorded 3.6ppg and 2.1rpg this season. Read more here.

April 10, 2020 - Limoges keeps Mary on the bench
Limoges CSP of France has decided to extend head coach Mehdy Mary's contract for two seasons until 2022, the club announced on Friday. Mary, 40, replaced Alfred Julbe earlier this season and coached Limoges in one 7DAYS EuroCup game. Read more here.

April 10, 2020 - Hassan Martin to be the first addition of Olympiacos, Milutinov leaving
With everything on hold due to the COVID-19 pandemic, Olympiacos prepares for the future, and Hassan Martin will be part of it. The 24-year-old big man is near a deal with the Greek club after a season with Buducnost VOLI. Read more here.

April 10, 2020 - NBA teams want Draft to be held no sooner than August
Many NBA teams want to see the 2019 NBA draft being held “no sooner than August 1” according to ESPN’s Adrian Wojnarowski and Jonathan Givony. The NBA Draft was scheduled to take place on June 25. Read more here.

April 10, 2020 - Maurizio Zuppi leaves Corno di Rosazzo
Head coach Maurizio Zuppi is leaving Corno di Rosazzo. The specialist has been working with the teams since 2009. He led Corno di Rosazzo to Serie C Gold Group Veneto semis in 2018. They were also Nazionale B Group B playoff runner-ups back in 2012. Read more here.

April 10, 2020 - Louis Hazard joins Brussels
Basic-Fit Brussels (Euromillions League) added to their roster 25-year old forward Louis Hazard. He started the season at Melco Ieper in the Top Division I. In 21 games he was second best scorer with impressive 22.9ppg and averaged 6.9rpg, 3.2apg and 1.2spg this season. Read more here.

April 10, 2020 - Kordall Steelers have announced Jeremy Billiaux
Kordall Steelers put 30-year old coach Jeremy Billiaux at the Head Coach position. The last season Billiaux coached also at Kordall Steelers (Total League) being a Coach Assistant. A few days ago Kordall Steelers agreed terms with 28-year old point guard Max Schmit. Read more here.

April 9, 2020 - Unicaja reportedly looking to extend Gal Mekel
Unicaja Malaga is planning to offer a contract extension to Gal Mekel for the next season according to reports by Dario Sur. Mekel arrived at the team prior to the Spanish League's suspension and had his debut in the game against Joventut, in which he posted 8 points and 9 assists. Read more here.

April 9, 2020 - FIBA EuroBasket rescheduled to September 2022
FIBA’s Executive Committee met via video conference to discuss the impact of the coronavirus outbreak on the schedule of competitions under its care. Among the decisions, 2021 EuroBasket and AmeriCup have been rescheduled to a period between September 1-18, 2022. Read more here.

April 9, 2020 - EuroLeague still hopes to complete the season
Members of the Euroleague Commercial Assets Shareholders Executive Board met remotely on Thursday, April 9, to share updates on the impact caused by the spread of the COVID-19 global pandemic. Read more here.

April 9, 2020 - Kyrylo Marchenko re-signs with Khimik
Kyrylo Marchenko (196-F/G-97) re-signed contract with Khimik. The new deal is meant for 2020/21 season. The forward averaged 10.0 points, 1.9 rebounds and 1.6 assists per game in Ukrainian Superleague last season. Read more here.

April 9, 2020 - Coach Mate Dalmay extends with Hamar
Hamar confirmed a 32-year old head coach Mate Dalmay for another season. This year hey ended regular season as second best team. The previous (17-18) season Dalmay coached at Gnupverjar. He was coaching Icelandic U16 National Team last year. Read more here.

April 8, 2020 - Toni Kukoc on Hall of Fame snub: I’d really like to know who are the people who decide
Three consecutive NBA titles with the Chicago Bulls. Numerous medals in international competitions, including the gold in the 1990 World Cup and two EuroBasket tournaments. Widely being regarded as one of the most elite European players of all time. Read more here.

April 8, 2020 - FIBA Europe Board cancels summer 2020 events
The writings were on the wall and FIBA Europe confirmed today the obvious. No basketball tournaments will be held this summer and the fate of Eurobasket 2021 will be decided on Thursday. Read more here.

April 8, 2020 - Adam Silver says no decision on NBA season will be taken before May
NBA commissioner Adam Silver admitted that the unpredictable nature of the coronavirus course has made it difficult to set a certain date when decisions can be made on the potential resumption of the season. Read more here.

April 8, 2020 - Musikic signed first professional contract with Mega Bemax
Mega Bemax junior player Mihailo Musikic has turned 18 years of age recently and signed his first professional contract with the club. Musikic has been playing for Mega Bemax U19 team this season. Read more here.

April 7, 2020 - Milos Teodosic was selected to the 2010-20 Euroleague All-Decade Team
The former CSKA player is certainly one of those players who deserve to be there. As voted by fans, media, players and coaches of Euroleague Basketball, he is the newest member of the the 2010-20 Euroleague All-Decade Team. Read more here.

April 7, 2020 - CSKA Moscow president says the EuroLeague could resume in June
CSKA Moscow president Andrey Vatutin believes the EuroLeague could resume the season in June and early July. Such a scenario will require an intense schedule with many games taking place in a short period of time. Read more here.

April 5, 2020 - Theo Maledon declares for the 2020 NBA Draft
French point guard Theo Maledon has submitted paperwork to the league office to make himself eligible for the 2020 NBA draft, he told ESPN. The 18-year-old has been averaging 7.1 points and 2.3 assists in 17 minutes for ASVEL in EuroLeague and the French League. Read more here.

April 4, 2020 - Alex Ruoff left Goettingen
33-year old American swingman Alex Ruoff (198-90kg-86, college: WVU, agency: Inception Sports) left BG Goettingen (BBL). In 9 games in Germany he had 11.1ppg, 5.2rpg, 4.9apg and 2.0spg this season. Read more here.

April 3, 2020 - Coach Carroll left Larochette
American coach Brian Carroll left BBC Arantia Larochette (Total League). His team made it to the League Semifinals in 2014. Carroll has coached previously two other teams: Grengewald and Bascharage. Read more here.

April 3, 2020 - Head Coach Dirk Bauermann Remains in Rostock
German Pro A team Rostock Seawolves have announced the contract extension of head coach Dirk Bauermann. The legendary German coach who guided the 2005 German national team to a silver medal at the Euro came in as a fireman in January. Read more here.

April 3, 2020 - Coach Philip Dejworek left Racing
42-year old German coach Philip Dejworek left Racing Luxembourg (Total League). The list of the past achievements is quite long as among others Dejworek's team made it to the League Semifinals for two years in a row (2016 and 2017). Read more here.

April 3, 2020 - Adam Ramstedt extends deal with Norrkoping
Norrkoping Dolphins (Basketligan) re-signed 24-year old international small forward Adam Ramstedt (208-95) after he was tested there shortly. He started the season at Djurgarden. In 13 Basketligan games he recorded 6.5ppg, 5.4rpg and 1.8apg this season. Read more here.

April 3, 2020 - Kangoeroes add Foerts to their roster
Kangoeroes Basket Mechelen (Euromillions League) added to their roster 23-year old small forward Jonas Foerts (194-96). He started the season at Basic-Fit Brussels (Euromillions League). Foerts has played there for the last four years. Read more here.

April 3, 2020 - Ingus Jakovics leaves Varese to return home
Ingus Jakovics (186-PG-93, college: Liepaja) is leaving Varese to return home. The point guard is heading back to Latvia in the midst of coronavirus outbreak. The decision comes after mutual agreement the club and the player. Read more here.

April 3, 2020 - Trey Thompkins cleared of coronavirus
Trey Thompkins fully recovered from the coronavirus COVID-19, his Real Madrid teammate Rudy Fernandez mentioned via social media. The 29-year-old American forward tested positive shortly after the Turkish Airlines EuroLeague season was temporarily suspended. Read more here.

April 3, 2020 - Bulls interested in Arturas Karnisovas for a top executive role
The Chicago Bulls have started a formal search to hire a new top executive with full authority on basketball decisions. Interviews will start next week and among the candidates are the Denver Nuggets GM Arturas Karnisovas and Toronto Raptors GM Bobby Webster. Read more here.

April 2, 2020 - Zion Williamson could reportedly be considered for Team USA
Zion Williamson could be considered for Team USA next season, according to Steve Keating of Reuters. USA Basketball chief communications officer Craig Miller said there might be some changes in the list, which might involve the star rookie of the New Orleans Pelicans. Read more here.

April 2, 2020 - Euroleague examines the possibility of hosting a two-group tournament in one city
Euroleague Basketball are exploring a possible two-group tournament to conclude their season, currently at a halt due to the coronavirus. The board are still hoping that the season will be completed, with the Final Four scheduled in May. Read more here.

April 2, 2020 - ACB suspended indefinitely, season completion remains the objective
ACB clubs held a video conference on Thursday to assess the temporary suspension and continue working on future scenarios. The league had initially suspended its action until April 24, though the date set was rendered ineffective. Read more here.

April 1, 2020 - NBA, NBPA discussing salary cuts for players
Despite still hoping for the 2019-20 season to resume, the NBA and NBPA are preparing for the possibility of salary reductions for players. The season is suspended at his point, but canceling games will automatically trigger the force majeure provision. Read more here.

April 1, 2020 - Coach Arnaud Ricoux leaves Saint Vallier
Experienced 51-year old coach Arnaud Ricoux left Saint Vallier Basket Drome (NM1). He helped them to end the regular season as a second best team in the league. Ricoux contributed to his team making it to the semifinals. He coached in the final of French NM2 in 2015. Read more here.

April 1, 2020 - Sam Huurman agreed terms with Limburg United for 2020-2021
Hubo Limburg United (Euromillions League) inked 18-year old Dutch power forward Sam Huurman (202-1). He started the season at Gistel Oostende in the Top Division I. In 20 games he recorded 12.0ppg, 7.1rpg and 1.6apg this season. Read more here.

April 1, 2020 - Cibona release head coach, all employees
Cibona is reportedly in the financial crisis. The coronavirus pandemic forced the Croatian Basketball Federation to suspend all sports activities. It led to KK Cibona facing serious financial troubles. The team has reportedly had to let all of the employees go.Read more here.

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