Grizzlies sale may fall through, potential owner has some issues

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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.

Former Lakers forward Tommy Hawkins dies

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LOS ANGELES (AP) — Tommy Hawkins, the first black athlete to earn All-America honors in basketball at Notre Dame and who played for the Los Angeles Lakers during a 10-year NBA career, has died. He was 80.

Hawkins died Wednesday in Malibu, according to the Los Angeles Dodgers, for whom he once worked as director of communications.

He graduated from Notre Dame in 1959. Hawkins was inducted into the school’s Ring of Honor and his 1,318 career rebounds remain the oldest record on the books in Fighting Irish basketball history.

Hawkins was selected by the Minneapolis Lakers in the first round of the 1959 NBA draft. He played for them as well as the Cincinnati Royals, and notched 6,672 career points and 4,607 rebounds.

Nuggets hire assistant coach, assistant general manager

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DENVER (AP) — The Denver Nuggets have hired veteran NBA coach Bob Weiss as an assistant on Michael Malone’s staff and announced the hiring of Calvin Booth as an assistant general manager.

Weiss has coached 31 seasons in the NBA, including the last four as an assistant with the Charlotte Hornets. He’s been a head coach with four teams, compiling a 223-299 career record with the Spurs, Hawks, Clippers and SuperSonics.

Prior to coaching, Weiss played a dozen seasons in the NBA.

Also Wednesday, the Nuggets made official their hiring of Booth, 41, who spent the previous four seasons in the Minnesota Timberwolves front office, serving as director of pro personnel last season.

Booth has quietly emerged as a respected evaluator of talent. He was one of the holdovers in the front office when Tom Thibodeau was hired to take over last summer as president of basketball operations and coach.

After one season working under Thibodeau and GM Scott Layden, Booth left for a promotion with the Nuggets, taking a position that will give him more responsibility and a greater say in the direction of another young team on the rise in the Western Conference.

Booth joins a Nuggets front office that includes Tim Connelly, who was promoted earlier this summer to president of basketball operations, a move that allowed Denver to hold on to promising executive Arturas Karnisovas as the team’s general manager.

Booth spent 10 years as a player in the league. Four of those seasons were with the Washington Wizards while Connelly was working there. The two also worked together in New Orleans in 2012-13, when Connelly was the assistant GM and Booth was a scout.

 

Rasheed Wallace says Zach Randolph isn’t a drug dealer: ‘The bigger the paycheck, the bigger the party’

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Kings big man Zach Randolph is charged with possessing marijuana with intent to sell, a felony – not because law enforcement has evidence Randolph planned to sell the drug, but because of the amount of the drug found.

Randolph’s agent/attorney denied the allegations.

Also sticking up for Randolph? Rasheed Wallace, who played with Randolph on the Trail Blazers.

Wallace, via TMZ:

“It seems to be — no matter who you are — the bigger the paycheck, the bigger the party,” Sheed says.

“I know for a fact he ain’t no dope dealer.”

Charging someone for intending to distributing drugs without any proof he intends to distribute drugs is hazardously lazy. Randolph – who has earned about $175 million in his career and is on a two-year, $24 million contract with Sacramento – can afford more marijuana than most. That doesn’t mean he plans to sell it.

The stakes are high for Randolph. If he’s convicted of “a felony involving the distribution of marijuana,” per the Collective Bargaining Agreement, he’d be banned from the NBA for at least two years.

Report: Enes Kanter not yet permitted to travel to Mexico, where Thunder scheduled to play

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Remember when Turkey revoked Enes Kanter‘s passport?

That looms over the Thunder’s Dec. 7 game against the Nets in Mexico City.

Fred Katz of The Norman Transcript:

Without a valid passport, he is unable to travel to another country other than Canada, which allows entry from U.S. residents who have a Green Card. There is no such agreement with Mexico.

Kanter could receive a re-entry permit, a special document issued to citizens of other countries whose passports have been canceled for reasons the U.S. government deems unsuitable. The permit would allow Kanter to leave the U.S. for another country, such as Mexico, and still return. And the plan is for Kanter to acquire one before OKC’s game in Mexico City. Still, he is yet to receive a re-entry permit, according to a source with knowledge of the situation. There is, however, still ample time for that process to complete.

Kanter is a high-profile millionaire working for a billion-dollar company that has a vested interest in getting him to Mexico. He likely works this out.