Robert Pera, you got yourself an NBA team. At age 34. Thanks for making the rest of us feel like slackers.
At its Board of Governor’s meetings this week — where the owners get together and decide all things NBA — they formally approved the sale of the Memphis Grizzlies to billionaire Robert Pera.
“We are delighted that the NBA’s Board of Governors has approved Robert Pera’s purchase of the Grizzlies,” said NBA Commissioner David Stern in a released statement. “Robert will no doubt bring great energy and passion to the franchise. He has assembled an ownership group with very strong local ties, and we anticipate that their commitment to the Memphis area will greatly benefit both the team and the community.”
While the sale price is not public it is believed to be in the $350 million range. When the stock price for Pera’s company Ubiquiti Networks took a hit in recent months, some thought threatening the sale, Pera brought in a number of minority owners included some from the Memphis business community as well as celebrities such as Justin Timberlake and Peyton Manning and his wife (she and Timberlake are Memphis natives). Also in is former NBA player Penny Hardaway.
Outgoing owner Michael Heisley is not exactly going to be missed by the fan base. He had a reputation for being stingy and making unpopular decisions with players. However, in the last few years the Grizzlies have been built into a solid team.
That is not a team that is moving — Pera reportedly has no plans to move the franchise to another city. It would be painful to do so anyway, the Grizzlies have a rock-solid lease with the FedEx Forum through 2021. At least nine more seasons.
But we don’t know what other changes Pera may want to make in the organization.
Pera is a former Apple engineer who founded wireless company Ubiquiti Networks, which is where he made his money primarily selling in developing countries. According to a Forbes Magazine profile he is an avid basketball fan who lives a very 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.
Owning an NBA team is a big frill.
Just another magical day in the Valley of the Sun, where clearly Jeff Hornacek was the problem….
During an early timeout in the Suns’ game at Golden State, Markieff Morris tried to explain something to Archie Goodwin, who is seated. This conversation gets heated quickly, and teammates eventually have to step in and separate the two teammates.
The Suns have shopped Morris around as the trade deadline approaches, this isn’t going to help his value.
We should find out more about what happened after the game ends, although I’m sure both sides will play it down as “nothing.”
This is how much Gregg Popovich trusts Kawhi Leonard on offense now: Tie game with 13.3 seconds remaining, and the play design is a 1-4 flat isolation for Leonard. It’s the kind of play teams will call for LeBron James or Kevin Durant. Popovich just called it for Leonard.
And he was rewarded with a game-winning bucket.
Leonard finished with 29 points, LaMarcus Aldridge had 21, and the Spurs head into the All-Star break with a 45-8 record, on pace to win 70 games this season. And that still would only get them a two seed.
Michael Kidd-Gilchrist had been back just six games after suffering a torn labrum in the preseason that required surgery. The Hornets had won four of those six, were playing improved defense, and looked like a potential playoff team in the East.
He went straight to the locker room and did not return to the game (the Pacers got the win).
You can see the injury above. In a scramble for a loose ball, the Pacers’ Ian Mahinmi falls on MKG’s arm, dislocating his shoulder.
We don’t know the severity of all this and if MKG is going to miss time beyond this game. But it isn’t good.
There are no words to describe how sad this is.
Ingrid Williams, the wife of Oklahoma City Thunder assistant coach and former New Orleans Pelicans head coach, Monty Williams, died Wednesday at the age of 44 from injuries suffered in a car accident the day before.
Williams’ car was hit head-on by another vehicle that had crossed over the center divider, according to the Oklahoman.
The Monty and Ingrid had been married more than 20 years and have five children, ranging in age from 17 to 5. Williams is one of the better respected and personally liked coaches around the league, and the tributes have just started to pour in.
Our thoughts are with Williams and his family.