Nick Lachey Starts Up His Very Own Basketball Team

Pop star Nick Lachey is reportedly starting up his very own basketball team with his old friend A.J. DiScala.

Lachey and DiScala will head up a consortium of celebrity owners for new team ?The Hollywood Fame? that will be joining the American Basketball Association.

?The Hollywood Fame? will kick off its season this November in the Los Angeles Sports Arena with a brand spanking new squad.

DiScala said to People magazine: "We're excited about 'The Hollywood Fame' bringing highly skilled basketball players to the fans of Los Angeles. We are creating a unique family entertainment option at affordable prices."

And hopefully he along with Lachey and numerous other ?celebrities? will make a little money from the project too?