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The Jersey Americans first became the New York Nets when they moved to Long Island in 1968. When the moved to New Jersey in 1977, they became the New Jersey Nets. Finally, in 2012, when they moved to Brooklyn, they took the name Brooklyn Nets.

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"They are named after the nets used on a Basketball rim." That is completely wrong, the New Jersey Nets are not named after the nets on a basketball rim. They were actually created in 1967 (may be off a little on the year) by the New Jersey Americans association who moved to Long Island and named the team the Nets because it rhymed with Mets and Jets. Stupid but true.

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Q: How did the Brooklyn Nets get their name?
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