Levy worked closely with the NBA in his capacity overseeing Turner Sports’ television coverage and has a strong relationship with commissioner Adam Silver.
Levy’s appointment will become official shortly after the league’s board of governors formally approves Tsai’s ownership later this week in New York, league sources said.
Levy inherits a strong management and leadership infrastructure, including GM Sean Marks and coach Kenny Atkinson.
Levy is the chosen CEO of new owner Joe Tsai, who recently purchased majority ownership from Mikhail Prokhorov for $2.3 billion. Tsai had owned 49 percent of the Nets. Levy will replace Brett Yormark as CEO.