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.
I’m going to need New York next fans to read this one with their eyes closed. Right? Your we go.
The Phoenix Suns won the right to be first pick in the 2018 NBA Draft During the recent draft lottery. That means they will be adding somebody like Luka Doncic, Deandre Ayton, or Marvin Bagley to their young roster. Phoenix had the number for overall tech last year, which they used to draft Joss Jackson.
Buddy new report says that if Phoenix would have decided to instead trait that pick they could have exchanged hat selection for New York big man Kristaps Porzingis.
According to ESPN’s Adrian Wojnarowski, Phoenix had an opportunity to put together a package that would have sent Porzingis to Arizona. That anything the Suns had, plus the No. 4 pick, would have made that happen is just another testament to why Phil Jackson had to go in New York.
Via the Ryen Russillo show:
The Knicks actually hit on Porzingis, and although he may be out for the entire year next season, he’s a keeper to build around, not to trade. On the other side of things, why the Suns didn’t include that pick and pull the trigger is a head scratcher, although we don’t know the full details of the proposed package.
No doubt New York fans are glad the Suns didn’t decide to accept the offer without that pick.
Game 4 of the Western Conference Finals started off hot for the Golden State Warriors. The defending champs scored the first 12 points of the game, but the Houston Rockets rallied before the half was over to take the lead, 53-46, at the break.
One of the biggest highlight plays from Houston came courtesy of James Harden late in the second quarter.
The play came with 6:06 left to play in the half and with the Rockets pushing on the Warriors in transition. Harden found himself with the ball at the top of the key and with an open lane. That forced Draymond Green to slide over as a help defender, and the result was a thunderous dunk for Harden over the Golden State defensive stalwart.
We’ll forget that Chris Paul probably either travelled or double-dribbled before Harden got the ball on the play.
Golden State leads the series, 2-1.
The Phoenix Suns are bolstering their coaching staff. After spending most the 2017-18 season under interim head coach Jay Triano, Phoenix finally settled on Igor Kokoskov as their top man.
Now, it appears they’re adding some veteran talent to the front row.
According to ESPN’s Marc Stein, the Suns are in talks to bring former New York Knicks coach Mike Woodson in as Kokoskov’s right hand man. Meanwhile, ArizonaSports.com is reporting that the decision has already been made to hire Woodson.
Woodson, 60, was last on the bench with the Los Angeles Clippers from 2014-2018. He was head coach of the Knicks from 2012-2014, and helmed the Atlanta Hawks from 2004-2010.
This is a smart hire for the Suns, who have needed some legitimacy after firing Earl Watson just three games into the season this year. Phoenix has been in a bit of a freefall since letting Jeff Hornacek go in 2015. Indeed, despite for one outlying 48-win season in 2013-14, Phoenix hasn’t been a very good team in this decade.
With a solidified coaching staff and the No. 1 overall pick in the 2018 NBA Draft, there’s hope yet for the Suns. Now, the question is who they take with that pick. Luka Doncic? Deandre Ayton? The draft continues to intrigue.
“When we’re right, when we’re playing how we are supposed to play, Andre’s right in the middle of it. His defense and being smart, making good decisions. Andre is one of the guys who seems to set the tone for that for us.”
That’s Warriors coach Steve Kerr on Andre Iguodala
The Warriors are going to have to be without that tone Tuesday night, Iguodala will miss the game with a knee contusion.
This is a blow to the Warriors, who have started small with Iguodala through the first three games of this series. The Warriors have been 4.3 points per 100 possessions better with Iguodala on the court through the first three games of this series.
Expect Kevon Looney or Nick Young to start, with the rest of the minutes divided up between Shaun Livingston, Jordan Bell, and David West.
Whatever Kerr and the Warriors go with, expect James Harden and the Rockets to attack it.