Associated Press

Report: Grizzlies minority owners force Robert Pera into buy/sell option

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Once considered a model franchise, Memphis has made a lot of news for all the wrong reasons lately — a feud between the star player and coach that lead to another Grizzlies coach with a winning record being fired, a roster with a couple to 25 NBA players but playing an antiquated system, a team uncomfortably trying to rebuild on the fly.

It all starts at the top with ownership.

Robert Pera, the controlling interest owner, is rarely present, spends a lot of time with business interests overseas, and nobody is sure how involved he is (Marc Gasol said he speaks to him regularly, although the rumors around the league are Pera is not very involved). Most of the minority owners of the team are not Pera fans.

Now two minority owners —Steve Kaplan and Daniel Straus — have exercised their option to make an offer for Pera’s 30 percent and controlling interest of the team. Either Pera buys out the other two, or he gets bought out. Jon Krawczynski of the Athletic broke the story.

A buy-sell provision in the ownership agreement between Pera and minority owners Steve Kaplan and Daniel Straus was exercised last week, sources told The Athletic. Both minority owners had the right to invoke the clause starting in late October, which allows one or both of them to set a new valuation for the franchise that sold for $377 million in 2012.

Pera, who is being represented by CAA in the process, will have to decide whether to buy out Kaplan and/or Straus to keep control of the team or sell his shares at the set price and remove himself from the ownership group….

Since diving into the Grizzlies in 2012, Pera’s net worth has skyrocketed thanks in large part to a stock price rebound for his technology company. The value of the Grizzlies has more than doubled during his time as owner as well, and other franchises like the Houston Rockets ($2.2 billion) and the Los Angeles Clippers ($2 billion) have driven up the price tag to be an NBA owner. It remains unknown whether he will look to retain the team or cash out and reap a financial windfall for his much smaller initial investment. The process could take months to come to a conclusion.

Part of this buy/sell agreement is Kaplan/Straus get to set the valuation and the buyout price, Pera has to take it or leave it.

To add drama to all of this Kapan and Pera have had a feud. Pera is a largely absentee owner who the minority owners feel has left them out of the loop. In total there are 20 owners of the Grizzlies — including Justin Timberlake — Pera has the largest share (30 percent). Kaplan wants his own team, he was part of a group trying to buy both the Hawks and then the Timberwolves.

This is going to play out for a couple of months, but the future direction of the Grizzlies on and off the court are in the balance.

Nikola Mirotic and Bobby Portis still not talking off court

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The Bulls are 5-0 since Nikola Mirotic returned from an injury suffered when Bobby Portis punched him in the face during a preseason practice. Mirotic and Portis are both excelling individually, and Chicago has outscored opponents by a whopping 34.3 points per 100 possessions when those two share the court.

Jack Maloney of CBSSports.com:

When asked if the two former combatants have spoken yet, Mirotic said, “We did on the floor. We’ve always spoken because we need to have good communication.” As for whether they’ve talked off the floor, however, Mirotic was succinct in his response: “No.”

I guess Mirotic hasn’t completely moved on, though he said he did. But that’s fine. How could someone get past a teammate punching him in the face?

Importantly, this is becoming just a regular NBA problem. The extent of that practice punch was practically unprecedented. But plenty of players have loathed teammates while making it work on the court. That happens more than people realize.

Mirotic and Portis can make this their status quo – at least the on-court cooperation. I’m not convinced Chicago will keep winning like this.

Watch Kobe Bryant’s ‘Dear Basketball’ short film (video)

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Kobe Bryant announced his retirement in a letter called “Dear Basketball,” which was made into a short film.

Now, on the day the Lakers retire his Nos. 8 and 24, you can watch it. It’s quite beautiful:

Double number retirement fitting for Kobe Bryant

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Kobe Bryant’s career truly occurred in two acts.

He was Shaquille O’Neal’s super sidekick for three championships. Then, Kobe led the Lakers to another two titles himself after Shaq departed.

He was an athletic, high-flying slam-dunk-contest champion. Then, he became known for his cerebral play and footwork.

He faced trial for rape in Colorado (the case was ultimately dismissed, and he settled civilly), blame for Shaq getting traded and criticism for being too selfish when the Lakers struggled in the aftermath of Shaq’s departure. Then, Kobe – still beloved by his fans – again became a socially acceptable marketing force.

His 2007 trade request serves as the more accurate intermission point, but his 2006 jersey change from No. 8 to No. 24 works well enough. He had a Hall of Fame career in No. 8 then a borderline Hall of Fame career in No. 24. Think Tracy Mcgrady’s career followed by Bernard King’s – but it was just Kobe followed by Kobe and with far more postseason success.

Here are the win-share leaders with a single franchise during Kobe’s career:

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So much about Kobe is excessive – his accolades, his shot selection, his reputation as clutch. He had an all-time great career, but the myth outpaces reality.

Yet, Kobe becoming the first player with two numbers retired by the same team – which the Lakers will do at halftime tonight – feels incredibly appropriate. In his 20-year career with the Lakers, Kobe had time to succeed then succeed again in an extravagant way only he could manage.

He was dedicated and disciplined, flashy and fastidious, No. 8 and No. 24

Warriors will watch Kobe Bryant’s numbers get retired, Lakers might not

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The Lakers will retire Kobe Bryant’s No. 8 and No. 24 at halftime of their game against Warriors tonight.

The road team won’t miss it. The home team might.

Golden State coach Steve Kerr, via Monte Poole of NBC Sports Bay Area:

“I want our guys to see it,” Kerr said Saturday. “It’ll be a pretty cool moment.

“Just to experience of one of the greatest players in the history of the game getting his jersey retired and we happen to be there? I’m not going to keep them in the locker room watching tape from the first half. The players would look at me like I was nuts.”

Lakers coach Luke Walton, via Harrison Faigen of Lakers Nation:

“I hadn’t thought much about [watching the ceremony],” Walton said Sunday. “We’re still deciding how we’ll approach halftime.

“Our first priority is still the job that we have. I’m sure there’s going to be some halftime adjustments we need to make against the Warriors. We’re toying with a couple different ideas to let guys at least see part of it.”

Kerr seems like a pretty cool guy, someone who understands what truly matters. This will be a historic moment, and that can take priority over watching video for one night in a long season.

But he also has the luxury of coaching an all-time great team. Even with Stephen Curry, Draymond Green, Zaza Pachulia and Shaun Livingston injured, the Warriors are favored.

Walton has a young team that needs every break it can get. But he too should embrace the significance of the ceremony. His franchise is.

After reportedly initially being scheduled for pregame, the ceremony will occur at halftime. The NBA implemented a hard 15-minute limit on halftimes this season. Any team not ready will be assessed a delay-of-game penalty. So, lengthy speeches tonight could hinder the current team on the court. And that’s well worth the cost of doing business.

In the same regard, current Lakers watching Kobe’s ceremony would gain pride in being a Laker. There’s real value in that, probably more than in going over adjustments for a December game during a season very likely to end outside the playoffs regardless.