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Something to watch: Grizzlies minority owners buying team next month

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The Houston Rockets selling for $2.2 billion has other owners considering their options. That includes Brooklyn Nets owner Mikhail Prokhorov is looking to sell at the right price and timeline.

But the first team to be sold could be the Memphis Grizzlies.

A couple of minority owners have the rights to make an offer on the team this October and it’s possible primary owner Robert Pera may take it. Pera owns 30 percent of the team, the most of any minority owner (making him the primary owner), but Steve Kaplan and Daniel Straus have the rights to make an offer for the team, something broken down by ESPN back in 2016 and updated recently by The Ringer.

At that time, Kaplan and fellow minority owner Daniel Straus, an East Coast health care magnate and the team’s vice chairman, have an option to make a bid for controlling interest in the team at a price of their choice, sources said. At that point, Pera would have two options: buy out Kaplan and Straus at that named price, or sell his shares to them based on the same valuation. Control of the decision ultimately would rest with Pera.

Kapan and Pera have had a feud, which is part of this. The agreement set up between Pera and Kaplan/Straus back when Pera bought the teams says that Pera either needs to sell his shares to them at the price Kaplan/Straus set or buy them out, based on their percentage of that valuation. Pera is a largely absentee owner at this point who could turn a healthy profit selling his share.

There are 20 owners of the Grizzlies — including Justin Timberlake — all with a minority share, Pera just has the largest. Kaplan wants his own team, he was part of a group trying to buy both the Hawks and then the Timberwolves. This is his chance.

How much are the Grizzlies worth? Forbes estimated $790 million (their estimates are notoriously off), but based on what Forbes valued the Rockets at vs. what they sold for, the Memphis number is probably close to $1 billion. Pera owns 30 percent of the team, so we are talking around $300 million. If Kaplan bought the entire 30 percent, he would own a little more than 44 percent of the team.

Right now the Grizzlies are a profitable team, largely because the community has bought into with the “grit & grind” style and attitude and filled the building. However, while the team has retained Marc Gasol and Mike Conley, it has gotten older and will be in a fight to make the playoffs this season. A rebuild is in its future, which could impact future income and the sale price.

It’s all just something to watch. One way or another, there will be some movement in the Grizzlies ownership next month.

Michael Beasley fouls out in 10 minutes, gets standing ovation (VIDEO)

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Michael Beasley hasn’t played all that much for the New York Knicks. The journeyman forward is 10th in minutes played for the team, and is a bench contributor at this stage in his career.

Beasley appeared to be a bit overexcited to get some run late in Sunday’s win over the Atlanta Hawks, 111-107. Having played just 10 minutes in the game, Beasley quickly racked up three fouls in the span of one minute and 45 seconds.

That earned him his sixth foul — the others were picked up earlier — and a standing ovation from the Madison Square Garden crowd after his disqualification.

Via Twitter:

Support your guys, NBA fans, even if they’re out here getting DQ’d after scoring one point and grabbing two rebounds.

Kobe Bryant gave a 30-minute pep talk to the Eagles before Rams game (VIDEO)

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Kobe Bryant is just about everywhere during retirement. We’ve talked before about how his post-playing career revisionism is one of the greatest works of sports marketing currently underway.

Of course, Ol’ Bean has to take some days off from being a “storyteller” and that includes cheering on his hometown Philadelphia Eagles. Bryant was born in Philly and lived there for various parts of his childhood, of course going pro directly from Lower Merion High School, located in a nearby suburb.

So despite the return of the Los Angeles Rams, it appears that Kobe is still an Eagles fan through and through. He apparently even spoke to the Eagles for half an hour before the team practiced in California on Friday.

Bryant also gave the world a little video message.

Via Twitter:

The bummer news for Eagles fans, of course, was that it was Philadelphia QB and MVP candidate Carson Wentz who was hit high and low on Sunday, and the team fears that he has torn his ACL.

Kobe is looking pretty thick in that jersey. Maybe they should work him out and see if he can’t beat out Nick Foles for the starting job the rest of the season?

Watch Victor Oladipo score a career-high 47 points vs. Nuggets (VIDEO)

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Victor Oladipo was sent from the Oklahoma City Thunder to the Indiana Pacers along with Domantas Sabonis as part of a major trade for Paul George.

Boy, Pacers fans have got to be glad things have turned out the way they have.

Oladipo is having a career season in terms of scoring, rebounding, blocks, 3-point shooting and field goal percentage. His advanced stats look good too, as Oladipo’s efficiency per-100 possessions in many offensive categories have seen a rise to go along with his box score bump.

On Sunday, Oladipo scored a career-high 47 points in an overtime win against the Denver Nuggets, 126-116.

Oladipo’s performance was incredible, adding seven rebounds, six assists, two steals, and a block to go along with his 47 points. Oladipo shot 15-28 from the field, including 6-of-12 from 3-point range, and added 11 points from the free-throw line.

Watch the full highlights of Oladipo’s performance in the video above.

Rumor: NBA executives think Rockets have shot at signing LeBron James

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LeBron James is now rumored to be headed to about 29 NBA teams this summer when he can opt out of his current contract and become a free agent. Earlier this week, we heard rumblings that LeBron could be interested in sharing a Los Angeles Lakers roster with Dallas Mavericks center-at-large Nerlens Noel.

Now we’re hearing that NBA executives think the Houston Rockets have a chance of nabbing The King in the summer of 2018.

All aboard the Banana Boat.

According to USA Today’s Sam Amick, both the Rockets themselves and rival execs think Houston is a real landing spot for James thanks in part to how well they are playing this season. James Harden is having another MVP-caliber year, and Chris Paul has played beautifully in his return.

Via USA Today:

While James has made it clear that he won’t deliberate his uncertain future until the Cavs’ season is complete, there is strong belief in Rockets circles that they’ll have a legitimate shot at landing the four-time MVP this summer. Rival executives also believe the Rockets will have a real chance. And once you really look at it, when you get past all the noise about the Lakers and even the compelling case for the up-and-coming Philadelphia 76ers, it makes all sorts of sense.

The only team we haven’t heard connecting rumors about is the Cleveland Cavaliers themselves. LeBron — whose family lives in LA — recently bought a new house there and all signs point to James heading to the Western Conference. Well, unless he goes to the Philadelphia 76ers, of course.

Then again it felt like a certainty that LeBron would head to the New York Knicks nearly a decade ago, an idea that seems hilarious in retrospect. The NBA is weird, and if LeBron dips from Cleveland expect it to get even weirder.