LONDON — The NBA has formed a joint venture with Anschutz Entertainment Group to design and develop about 12 multipurpose arenas in major Chinese cities.

The project was announced at the O2 Arena in London, where the New Jersey Nets and Miami Heat played a preseason game. AEG runs the O2, and the venture will be equally owned by the two parties. NBA commissioner David Stern did not say when the plan would be starting, or where the buildings would be located.

ORLANDO, Fla. — The economic crisis has forced the U.S. Olympic Committee to delay setting next year's budget while officers consider contingency plans that could include administrative cuts.Chief executive Jim Scherr said after the USOC's first board meeting since the Beijing Olympics that the 2009 budget will be "very stringent" and "prudent on the expense side," and that cutbacks, if they come, would not be in direct benefits to athletes or sports.The USOC operates on four-year budget cycles, with a new one beginning next year. In the period ending this year, the federation's revenues increased $127 million, to $617 million. The USOC will close 2008 with $103 million in reserve.

SAN ANTONIO — Zach Johnson won the Texas Open for his fourth PGA Tour title, shooting a final-round 64 for a two-stroke victory over Charlie Wi, Mark Wilson and Tim Wilkinson.Johnson, the 2007 Masters champion who entered the week with only one top-10 finish this year, had a 19-under 261 total on the La Cantera Golf Club's Resort Course.The victory, capped with a 5-foot birdie putt on 18, was his first outside Georgia. In addition to the Masters, he won the 2004 BellSouth Classic and 2007 AT&T Classic.

TIMONIUM, Md. — Down by four strokes with 14 holes to play, D.A. Weibring soared past a fading Nick Price to win the Senior Players Championship, his first career major victory.Weibring closed out a 2-under 68 with a 2-foot par putt on the 72nd hole. He finished at 9-under 271, one stroke better than hometown favorite Fred Funk (66).

DANVILLE, Calif. — South Korea's In-Kyung Kim won the Longs Drugs Challenge for her first LPGA Tour victory, closing with a 1-over 73 and holding off Angela Stanford.The 20-year-old Kim, the 2005 U.S. Girls' Junior winner in her second season on the tour, birdied the final two holes for a 10-under 278 total on the Blackhawk Country Club course.