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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.

Al Horford shows he still has hops dunking on Solomon Hill (VIDEO)

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That’s just nasty.

Atlanta’s Al Horford gets the ball out high, but within his range, so when he pump fakes Indiana’s Lavoy Allen goes flying by. That opens up the lane and Horford attacks it, Solomon Hill tries to cut him off, but Horford just finishes threw him.

Pacers and Hawks played an entertaining, close game Friday night.

Dwyane Wade shows he still has hops with dunk on Hornets (VIDEO)

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Dwyane Wade still has some springs.

In what may be his best dunk in recent memory, he shoulders Michael Kidd-Gilchrist to create space in transition, then gets up and throws it down before Nicolas Batum can get there for the block.

Not sure even Wade saw that one coming.

Reigning dunk champ LaVine: ‘I’ve got tricks up my sleeve’

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MINNEAPOLIS (AP) — Minnesota Timberwolves guard Zach LaVine is heading back to All-Star weekend to defend his slam dunk title. And he says he has “a few tricks up my sleeve” after dominating the event last year.

LaVine will compete against Detroit center Andre Drummond, Denver swingman Will Barton and Orlando forward Aaron Gordon in Toronto next weekend.

LaVine was one of the breakout stars of All-Star weekend last year with his electric performance in the dunk contest. He says he debated about coming back and made his decision after strong encouragement from his fans.

If LaVine wins, he will become the fourth player in the 31-year history of the event to repeat as champion. Michael Jordan, Jason Richardson and Nate Robinson are the others.

Report: Blake Griffin has second procedure on hand, timeline remains unchanged

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Blake Griffin will still return to the Clippers some time in March (barring any setbacks).

That said, he had a second procedure this week to repair the boxer’s fracture in his right hand, reports Ramona Shelburne of ESPN.

Clippers forward Blake Griffin underwent a second procedure this week on his broke right hand, sources told ESPN. The procedure was a part of the original surgery last week, so sources said the 4-6 week timeframe for his return remains unchanged.

This might help explain why Griffin’s hand looked so swollen and scarred this week. But to be clear, this was a planned second procedure, not a setback.

Griffin suffered the fracture punching a Clippers’ equipment manager while everyone was out to dinner in Toronto recently, while Griffin was still sidelined with a quadricep injury. The Clippers have moved on, but it is likely the league will tack on a couple of game suspension for Griffin upon his return to health.

And no, the Clippers are not looking to trade Griffin in spite of this. So stop asking.