Grizzlies fans were rightfully hopeful when news got out that long-time team owner Michael Heisley planned to sell the team to a young billionaire out of the Silicon Valley, Robert Pera. Not that they really knew anything about Pera — he is 34 and filthy rich selling high tech electronic equipment to the developing world, mostly — but he had to be better than Heisley. Right?
We may never find out. The sale of the Grizzlies to Pera seems to have some challenges. To put it kindly.
As the NBA goes through its background checks on Pera, his company, Ubiquiti Networks Inc., is seeing a lot of controversies. And that could stall or kill the sale, suggests the San Jose Business Journal (via Ball Don’t Lie and Eye on Basketball).
The NBA is going through an extensive vetting process that will look into everything from Pera’s business associates, to his family, to his financial situation. That will include Ubiquiti’s recent controversies, such as an acknowledgement that the company’s products were illegally sold into Iran….
NBA officials will “look into (the Iran issue), they’ll question it,” said SportsCorp. President Marc Ganis, who advises on team deals. “They don’t want a front-page New York Times story six months from now about how an ‘NBA owner sold products to terrorist organizations,’ by way of example. They’re going to want to understand what (the Iran case is) before they sign off on it.”
Pera has a 63 percent stake in Ubiquiti, according to regulatory filings. That stock was worth $2 billion as of May but has dropped to $800 million.
I would love to be worth only $800 million.
But for buying an NBA team, that is on the low end. Especially when the sale price is a reported $350 million.
Pera has said he is looking for some local investors to be part of the franchise, so he wouldn’t have to come up with all the cash himself. And he still has the money to buy the team. But all this stuff is enough to get the rather conservative (financially) NBA to pause.
Self-serving Knicks president Phil Jackson said Carmelo Anthony “would be better off somewhere else.”
Anthony’s wife, La La Anthony, revealed a different point of view when asked whether she’d divorce the star forward and about trade rumors involving him.
La La on The Wendy Williams Show:
Not right now. I’m not. You know, marriages are tough. And you know that. We all know that. It’s filled with ups and downs. And we’re just going through a time right now.
But him and I are the best of friends, and our number one commitment is to our son, Kiyan. We have to set an example to Kiyan, and that’s what’s most important to me. So, I would absolutely never say a bad thing about my husband. That is my son’s father, and he is an amazing dad. I could not ask for a better dad.
Every day, I see a different team. That’s for sure.
The most important thing with just that is to stay close to Kiyan. That’s my priority. That’s his priority.
So, wherever he ends up, of course we want him to be happy.
I am hood, and I want to stay close to the hood. So, New York is definitely where I’m at and where I’m staying.
The Knicks are lousy, and working for Jackson is no treat. Carmelo knows all that.
But this might reveal why Anthony hasn’t – and, according to Jackson, still won’t – waive his no-trade clause to approve a deal from New York. There are things that matter more than basketball.
Pending free agents almost always express loyalty to their current team, whether or not they actually plan to re-sign.
That’s what makes Danilo Gallinari‘s comments stand out.
Gallinari, via Premium Sport, as translated by E. Carchia of Sportando:
“Nuggets are not my first choice but they are exactly at the same level of the other teams. Denver’s advantage is that they can offer me a five-year contract while other franchises can offer me a four-year deal. Nuggets are at the same level of the others” Gallinari said.
One way to look at this: If a player stating a desire to return to his team – even if he plans to leave – is the baseline, Gallinari is definitely gone from Denver.
Another: Gallinari is being exceedingly honest, and we should just take his comments at face value.
Giannis Antetokounmpo made the All-Defensive second team at forward with 35 voting points.
Paul Millsap missed the All-Defensive second team at forward with… 35 voting points
The difference? Antetokounmpo had more first-team votes (seven to zero), and that was the tiebreaker. But not long ago, both would have made it.
The league changed its policy a few years ago to break ties rather than put both players on the All-Defensive team, league spokesman Tim Frank said.
In 2005, Dwyane Wade and Jason Kidd tied for fourth among guards with 16 voting points each. Even though Wade had more first-team votes than Kidd (six to four), both made the All-Defensive second team.
In 2013 (Tyson Chandler and Joakim Noah) and 2006 (Kobe Bryant and Jason Kidd), two players tied for the first team. So, the league awarded six first-team spots and still put five more players on the second team.
I was definitely against that. A six-man first team should have meant a four-man second team – four guards, four forwards and two centers still honored.
But with a tie for the second team, I could go either way. Having a clear policy in place – and it seems there was – is most important.
It’s just a bad break for Millsap, who, in my estimation, deserved to make an All-Defensive team based on his production.
Tired of those videos where NBA players effortlessly swat kids’ shots?
Victor Oladipo and this kid help provide an alternative: