Marc Gasol

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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.

Report: Grizzlies consider Marc Gasol, Mike Conley “untouchable”

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The perception among some fans is that with Zach Randolph in Sacramento and Tony Allen sitting on the free agent market too, the “grit ‘n grind” era in Memphis is over and the team is about to tear it down and rebuild. And without Allen (who could still be re-signed, depending on what happens with JaMychal Green, the restricted free agent who is in a bit of a standoff with Memphis) that era does die.

But the Grizzlies are not about to dump assets and rebuild. Not even close.

Matt Moore breaks it down in a fantastic piece at CBSSports.com.

The Memphis Grizzlies consider All-Star center Marc Gasol “untouchable” and have refused to enter his name in any trade conversations, two sources close to the situation told CBS Sports this week. Gasol has been the subject of rampant speculation this summer that he could be dealt, despite being just two years into a five-year max contract signed in 2015 that doesn’t make him eligible for free agency until 2019….

Typically, the idea that Gasol could be available stems from the perception that Memphis has lost momentum and “needs” a rebuild. The Grizzlies, in reality, have made the playoffs the past seven years, and their decision to re-sign both Gasol and Mike Conley (who is also considered “untouchable” according to sources) was made with the intention of building around the duo long-term.

For Memphis, the concern is beyond simple wins and losses, however. For a small market, the Grizzlies may not have a center of Gasol’s quality for literally decades. Other teams can make moves with an idea toward mobility and flexibility. A team like Memphis has to pursue discipline in retaining its stars because of the challenges the team faces in obtaining big-name upgrades. The Grizzlies’ best path toward contention isn’t to trade Gasol, even for a high-value draft pick.

There’s another factor at play: Memphis the city has embraced this roster and this team. The physical, grinding, hard-working style of play is something the fans relate to, and they fill the building. The fans love Gasol and Conley. In a small market, that matters. It’s easy from the outside to take a “they can’t win a title with this roster, tear it down and rebuild” attitude, but that would not sit well with the Memphis fan base. Tearing it down means years and years of losing, years and years of largely empty buildings, and a lot of work to re-connect with fans. Why would they throw a successful business model away?

Gasol has said if the Grizzlies aren’t going to try to find a path forward he might reconsider his position, but right now he’s not asking for a trade. This is a Grizzlies team that won 43 games last season, will not miss Randolph as much as some fans think, will get more out of Green, has to get more out of Chandler Parsons (he can’t give them less), and made some smart gambles on guys like Ben McLemore. The bottom of the West is stacked, but if the Grizzlies stay healthy, they likely make the postseason.

Bottom line, Gasol is not on the block. Sorry Celtics fans. While we’re at it, Anthony Davis is not on the trade block right now, either.

Marc Gasol dishes no-look over-shoulder assist (video)

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Pau Gasol had the big game for Spain against Czech Republic in Eurobasket.

His brother, Marc Gasol, had the flashiest play.

Warriors’ Zaza Pachulia may miss Eurobasket with ankle injury

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When the Golden State Warriors won the title last June, Zaza Pachulia walked around the court with the Georgian flag draped around his shoulders. He’s a man proud of his nation, and he was excited to represent them this summer in EuroBasket (after his government awarded him the Order of Honor after winning the title).

But it looks like you can add Pachulia to the insanely long list of guys out for the European championships. Pachulia has suffered an ankle injury, and while it’s not serious enough to slow him in Golden State’s training camp in a month, it could be keeping off the Georgian team for the tournament, according to his coach.

A final decision will come over the weekend.

Here’s a partial list of the players missing this EuroBasket: Giannis Antetokounmpo, Rudy Gobert, Marc Gasol, Nikola Jokic, Danilo Gallinari, Enes Kanter, Marcin Gortat Ersan Ilyasova, Omar Asik, Andrea Bargnani, Nicolas Batum, Tony Parker, Serge Ibaka, Nikola Mirotic, and Sergio Llull. That is just the tip of the iceberg.

We’ll still be watching, but some of the drama has been sucked out of the event.

Marc Gasol: If Grizzlies don’t share my goal of continued growth, we might have to revisit things

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The Grizzlies’ Grit & Grind era has ended.

Zach Randolph signed with the Kings, and Tony Allen appears likely to leave Memphis, too. The Grizzlies are prioritizing younger/cheaper players like Ben McLemore and Tyreke Evans.

Marc Gasol via Ala Carta, as translated by HoopsHype:

I’m very ambitious and I’ve wanted Memphis to be a great franchise. We’ve grown a lot the last 6-7 years, but we have to keep growing. If this is not lined up, maybe we may have to revisit things.

Gasol has been loyal to Memphis, and his first wish is probably winning there. But Giannis Antetokounmpo put it well: Teams must also do right by their players. Gasol is 32 and doesn’t have much time in his prime left. I see why rebuilding wouldn’t interest him.

But what will he do about it if the Grizzlies don’t prioritize the present? They made their push last summer with a max contract for Chandler Parsons, but because Parsons can’t stay healthy, that deal only inhibits team growth.

Gasol is locked up for two more years before a player option. He doesn’t have much leverage. This is part of the reason LeBron James keeps signing short-term contracts. Gasol doesn’t have the same ability to steer his team in his desired direction

On the potentially bright side, rebuilding teams often don’t have much use for 32-year-olds guaranteed more than $72 million over the following three years. If the fit devolves, Memphis becomes more likely to trade him.