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Michael Jordan announces his third and final retirement. He plays his last game on April 16, 2003 in Philadelphia.
The NBA on ABC begins (replacing NBA on NBC) again after a 29 year hiatus when the NBA signs new television deals with TNT and the consortium of ABC and ESPN. This agreement significantly decreased the amount of games on network television, including the playoffs, in which very few games are shown on ABC, with the exception of the NBA Finals, which are shown entirely on ABC. Also, both conference finals are shown live on cable for the first time.
For the first time in NBA history, two former ABA teams contest each other in the NBA Finals, the New Jersey Nets versus the San Antonio Spurs. The Nets became the only team in NBA Finals history to wear a throwback uniform in a Finals game, wearing their 1976 home uniforms in Game 5.
A new instant replay rule is in effect to help officials in determining close calls. Bright red lights are installed on the backboards and scoring tables to make the shot easier to figure out.
The NBA changes the first round format from a best of five game series to a best of seven game series for the 2003 NBA Playoffs.
A new low in television ratings for the NBA Finals is reached, replacing the 1981 series as the least watched Finals.
On January 7, Kobe Bryant scored 45 points against Seattle. Kobe made nine consecutive three-pointers and finished with 12 overall, a new NBA record for most "3's" in a game, later tied by Donyell Marshall.