Grizzlies logo

Grizzlies sale may fall through, potential owner has some issues

3 Comments

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.

Larry Bird: Kevin McHale won’t coach Pacers

Larry Bird
AP Photo/Michael Conroy
Leave a comment

1. Kevin McHale withdrew from the Kings’ coaching search.

2. The Pacers fired Frank Vogel.

Will McHale reunite with former Celtics teammate Larry Bird in Indiana?

“I would not do that to Kevin, have him to work for me,”Bird said at a press conference today. “That’s just not fair. I respect the man too much, and we’ve been through too many battles together to bring him in here and be my coach. I would love for him to be my coach, but it ain’t going to happen, because our relationship.”

It would have been compelling to watch Bird and McHale work together, but I’m not convinced McHale is the best coach available – though that’s not the only concern.

After all, Bird just ousted someone who might be a better coach than any replacement.

Frank Vogel out as Pacers coach

Larry Bird, Frank Vogel
AP Photo/Michael Conroy
4 Comments

After leaving Frank Vogel hanging for a few days – something he explicitly said he hoped to avoid – Pacers president Larry Bird finally ousted the coach.

“It’s time for a new voice around here,” Bird said at a press conference today. “Sometimes my job really sucks, and this is one of the toughest things I’ve done.”

Bird clarified that Vogel wasn’t fired, that his contract had expired and wasn’t being renewed.

Will there be a search now to replace Vogel? Kevin McHale has already been mentioned as a candidate, and he’d make sense. He played on Bird’s Celtics and learned an up-tempo system with the Rockets.

Vogel is now free to interview with the Rockets, and I think he’d be a home-run hire. Vogel’s defensive skills are badly needed in Houston, and perhaps the the Rockets’ institutional knowledge could fine-tune his offense.

Report: Rockets talking to Jeff Hornacek, Sam Cassell, Stephen Silas, Chris Finch

Phoenix Suns coach Jeff Hornacek directs his players in the second half of an NBA exhibition basketball game against the Houston Rockets Monday, Oct. 13, 2014, in Houston. The Rockets won 95-92. (AP Photo/Pat Sullivan)
AP Photo/Pat Sullivan
Leave a comment

There are the big names: Jeff Van Gundy, David Blatt, Mike D’Antoni and Frank Vogel.

There’s the catchy name: Kenny Smith.

And there’s the eliminated name: J.B. Bickerstaff.

Expect many more names in the Rockets’ coaching search.

Adrian Wojnarowski of Yahoo Sports:

Houston owner Les Alexander and general manager Daryl Morey met with Bickerstaff on Monday, as well as Los Angeles Clippers assistant coach Sam Cassell and Houston assistant Chris Finch, league sources said.

Conversations with potential candidates are expected to include several prominent college coaches, sources said.

Among the NBA candidates with whom the Rockets are working to set up interviews are former Phoenix Suns coach Jeff Hornacek and Charlotte Hornets assistant Stephen Silas, league sources said. There could be 10-15 – perhaps even more – candidates interviewed in the process, league sources said.

Hornacek coached the Suns and looked pretty good doing so until this season, when he feuded with Markieff Morris, used too many strange lineups and saw the team quit on him. If he can explain this year’s troubles, he’d be a solid hire. But the Rockets have the best job available, so they can probably aim a little higher.

Cassell, like Smith, played for the Rockets. An intelligent player, Cassell has successfully transitioned to coaching, though I’m not sure he’s ready for a top job. He mentored John Wall with the Wizards before joining the Clippers. From afar, it’s just tough to judge his contributions to a loaded coaching staff in Los Angeles.

Stephen Silas broke into NBA coaching on his dad’s staffs with the Hornets (turned Pelicans) and Cavaliers. Paul Silas even let Stephen serve as head coach for games during the 2011-12 season. Between and after stints with his dad, Stephen has impressed at other stops around the league. Maybe someone who learned offense from Don Nelson and defense from Steve Clifford and gets along well with players would make a good head coach. The biggest question is how his rapport with players would translate to the head chair, but that’s a concern for any assistant.

Finch coached in Europe for more than a decade until the Rockets tabbed him to coach their D-League team. After a successful stint there, he moved to the bench in Houston. He’d be more of a daring hire at this point, but he could perhaps unite the Rockets’ front office and coaching staff better than anyone.

Reports: Kevin McHale withdraws from Kings coaching search, could join Pacers

Kevin McHale
AP Photo/Brandon Dill
2 Comments

Chris Mannix of Yahoo Sports wrote a few weeks ago about the Kings coaching search:

Kevin McHale is steadily gaining internal support, league sources told The Vertical. If Cousins truly is the future, the Kings have to hire a coach he will buy into, and McHale, a respected voice and one of the game’s all-time great post players, certainly seems like a good fit.

They won’t get him, of course

McHale indeed emerged as a candidate, and though it took him a little longer than other prominent former head coaches, McHale also came to the conclusion Mannix foresaw,

Marc Stein of ESPN:

This is part of the reason Sacramento talking to everybody. The Kings don’t know whom they can get.

An owner who has changed course too often in Vivek Ranadive, a general manager with too little experience in Vlade Divac, a top player who repeatedly feuds with coaches in DeMarcus Cousins – who’d want this job? Probably not someone who could get one of the NBA’s other 29 head-coaching gigs, and that might apply to McHale.

Mitch Lawrence of Sporting News:

Frank Vogel is still twisting in the wind, but it seems unlikely the Pacers keep him.

There’d definitely be something intriguing about former Celtics teammates Larry Bird and Kevin McHale teaming up in Indiana. McHale’s experience with the Rockets could help him install an up-tempo offense, too.