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Report: Grizzlies’ owner Heisley will sell team to young billionaire Pera

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Robert Pera is a 34-year-old billionaire about to own an NBA team. So, what have you been doing with your life?

In a move that Grizzlies have have both hoped for and feared (because the new owner might try to move the team), owner Michael Heisley has apparently found a buyer and will sell the team. So reports Marc Stein at ESPN.

Sources told ESPN.com that Heisley has an agreement in principle to sell the team to communications technology magnate Robert Pera, who at 34 has a spot on Forbes’ list of the 10 youngest billionaries in the world.

The purchase price is in the $350 million range, sources said. A formal announcement to publicize the agreement between the parties is expected this week, possibly as soon as later Monday, with NBA Board of Governors approval then required before Pera can be officially installed as successor to Heisley, who recently turned 75.

Sources say that Pera intends to keep the team in Memphis. The Grizzlies’ lease at the FedExForum, furthermore, ties the team to the city until the year 2021, with steep financial penalties attached to breaking that lease.

That last paragraph is the key — the Grizzlies will not be on the move.

As this team is locked in place for a while, this move could be a good thing for the Grizzlies, a franchise already on the upswing but could different energy and change at the top. Heisley was far from loved by fans. Pera reportedly is an avid basketball player.

We don’t know much about Pera, other than he is a former Apple engineer who founded wireless company Ubiquiti Networks, which is where he made his money. According to Forbes he lives a very stripped-down, no frills life — leases his car, lives in a one-bedroom apartment, the kind of guy who doesn’t check a bag when he travels. Which could be interesting in the frill-filled life of the NBA.

But he could be a real breath of fresh air and help take an already good Grizzles team to new heights.

Boston’s Marcus Smart gets flopping warning from NBA

BOSTON, MA - OCTOBER 17:  Marcus Smart #36 of the Boston Celtics looks on during the second quarter of the preseason game against the Brooklyn Nets at TD Garden on October 17, 2016 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Maddie Meyer/Getty Images)
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Boston’s Marcus Smart is one of the league’s more notorious floppers.

He was at it again Monday night against the Houston Rockets — and the league called him on it and gave him a warning.

It happened on the game’s final play — you were probably focused elsewhere, wondering how Al Horford could miss the game-winning layup. But watch Smart as he gets in position for the rebound on that shot.

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The referees didn’t buy it then.

This warning is barely a slap on the wrist. If — in his case, when — Smart gets caught a second time this season he will get a $5,000 fine from the league. Smart is making $3.6 million this season.

Happy birthday Larry Bird. We celebrate with some highlights.

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Larry Bird — the Celtics legend, three-time NBA champion, three-time MVP, 10-time All-NBA — turns 60 on Wednesday.

We celebrate by looking back at his 60-point game March 12, 1985, against the Hawks (video above, and yes that game was played in New Orleans).

Want more Larry the Legend highlights? We got you covered.

Hawks’ Mike Scott sent to D-League on rehab assignment

ATLANTA, GA - SEPTEMBER 26:  Mike Scott #32 of the Atlanta Hawks poses during media day on September 26, 2016 in Atlanta, Georgia.  (Photo by Kevin C. Cox/Getty Images)
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ATLANTA (AP) — Atlanta Hawks forward Mike Scott is expected to play at least two games in the NBA Development League as he comes back from a knee injury that kept him out of training camp and the first 18 games of the season.

Scott played 15 minutes for the Delaware 87ers in Tuesday night’s loss to the Santa Cruz Warriors. He scored four points on 2-of-7 shooting, missing all four of his attempts from 3-point range.

Hawks coach Mike Budenholzer says the D-League is the best way for Scott to get “meaningful, competitive minutes” after undergoing a non-surgical procedure on his left knee.

Scott has played three games for Atlanta since his return. In 28 minutes, he has two points on 1-of-9 attempts, to go along with eight rebounds and six assists.

Watch Kyle O’Quinn throw alley-oop to Carmelo Anthony

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Carmelo Anthony isn’t young anymore, but he had the bounce to go get this one.

These were your two best players for the Knicks in their win over Miami Tuesday. Kyle O'Quinn was forced into action earlier than expected when Joakim Noah went on a fouling spree in the third quarter, but O’Quinn played well in the role. ‘Melo dropped 35 on 27 shots — he’s not as efficient as he once was, but he can still get some buckets.

The Knicks picked up a needed win, because they play a back-to-back Wednesday against the Cleveland Cavaliers and a ticked-off LeBron James (New York will pay the price for Phil Jackson’s “posse” comments with a motivated LeBron Wednesday).