Australia is back in the America's Cup after a challenge by winemaker and sailor Bob Oatley was accepted by software billionaire Larry Ellison.

The challenge by the Hamilton Island Yacht Club, located on the edge of the Great Barrier Reef, was announced Monday.

It was received by the Golden Gate Yacht Club on Wednesday, right after Ellison's Oracle Team USA retained the America's Cup by completing a remarkable comeback against Emirates Team New Zealand on San Francisco Bay.

The Hamilton Island Yacht Club will be the challenger of record, helping shape the rules for the 35th America's Cup along with the GGYC and other challengers.

In 1983, Australia II beat Dennis Conner's Liberty to end the New York Yacht Club's 132-year winning streak in the America's Cup. Australia last challenged for the America's Cup in 2000.

NBA

Cavaliers center Andrew Bynum has resumed basketball activities but will not be medically cleared to practice when Cleveland opens training camp Tuesday. Bynum, who underwent bilateral arthroscopic surgery on both knees in March, hasn't appeared in an NBA game since May 21, 2012.

  • The Sacramento Kings signed center DeMarcus Cousins to a four-year maximum contract extension worth a reported $62 million.

  • The New York Knicks have picked up the option on coach Mike Woodson's contract for the 2014-15 season.

  • The 2016 NBA All-Star game is coming to Toronto, a first for the city.

  • Tate George, a former NBA player best known for his 1990 NCAA tournament buzzer-beater for the University of Connecticut, was convicted of four counts of federal wire fraud in a Ponzi scheme that netted him $2 million.

    Miscellany

    James Street, a backup quarterback who took over the Texas wishbone offense in 1968 and led the Longhorns to the 1969 national title, has died. The father of San Diego Padres closer Huston Street was 65. A cause of death was not immediately available.

    James Street also was a baseball standout, posting a 29-8 record pitching for Texas that included a perfect game (1970 vs. Texas Tech) and no-hitter (1969 vs. SMU).

  • Longtime Texas athletic director DeLoss Dodds will step down in August 2014 and move into a consulting role at the nation's wealthiest college athletic program, a person with knowledge of the decision told The Associated Press.

  • Connecticut football coach Paul Pasqualoni was fired, with his team 0-4 and coming off a 41-12 loss at Buffalo.

  • Olympic figure skating champion Evan Lysacek has a torn labrum and will miss next month's Skate America.