There are rumors that he is not doing well financially and that the sale could be in trouble, but young tech industry wiz kid Robert Pera, 34, is pushing ahead with efforts to buy the Memphis Grizzlies.
And they will stay the Memphis Grizzlies under a new deal with local investors that Pera has reached, reports the Memphis Commercial Appeal.
Pera has agreed to three provisions: 1) a $100 million penalty if the team is moved, 2) a right of first refusal under which the local owners will be able to match any offer Pera receives to sell the team and 3) the right for the locals to buy the team from Pera at the current price if he wants to move it. All provisions are in effect for the next 15 years.
Pera had said previously he didn’t plan to move the Grizzlies, but these investors will put that deal in writing, not just make it a handshake agreement.
The only hurdle now is getting the NBA to approve Pera as owner. And that may be a high hurdle.
Pera’s company, Ubiquiti Networks Inc., has found itself in hot water because its products were illegally sold into Iran. The other issue is that this and other controversies have dropped the stock price of Ubiquiti, and with it Pera’s worth down to $800 million. Which is a lot, but if you are buying a team for $350 million that’s not as rich as it seems.
The league is still working through the background and other details of the Grizzlies’ sale. But bringing in local investors with this deal is going to help Pera’s cause because he has to pay less and it keeps the Grizzlies in town. Nobody wants to see the team moved to San Jose, or anywhere really.
The one rule of Twitter is something that NBA officials are apparently willing to sidestep. That rule?
According to ESPN’s Brian Windhorst, NBA referees will tweet from their official Twitter account during NBA games this season and hold back-and-forth conversations with fans about calls during games.
It seems like something that would immediately go wrong, but officials have done this before. They held Twitter conversations during last season’s Finals and they apparently feel as though they went well enough to do this sort of thing again.
This season, the NBA league office has agreed to work in collaboration with the referee union on this project. As part of the deal, the tweeting referees will have access to the league’s replay center in Secaucus, New Jersey, just like the officials who are on duty that evening, so they can have all the angles available to answer questions.
The union and the NBA plan a series of these games over the next few months, including some playoff games.
You will be able to tweet at @OfficialNBARefs or use #RefWatchParty during Monday’s game between the Golden State Warriors and Los Angeles Lakers, or Wednesday’s matchup between the San Antonio Spurs and Philadelphia 76ers.
It’ll be interesting to monitor this thing and see where it goes. Even the most inane opinions can be shot down by the twittersphere so watching actual NBA referees try to defend themselves against the hordes could get wild.
Pascal Siakam has been an important part of the Toronto Raptors organization for a couple of seasons now. Siakam has been a target in requested trades with the Raptors, but general manager Masai Ujiri wants to hang on to the burgeoning Cameroonian forward.
That’s probably wise.
As time wound down in Thursday night’s game between the Raptors and Phoenix Suns, Siakam found himself with the ball at the top of the arc and the game on the line. Siakam had Mikal Bridges isolated up top, and wound up going to his left to score the game-winning shot as time expired.
Siakam finished the game with just 10 points but grabbed 12 rebounds, five assists, and two blocks.
Raptors are now just a half-game back of the Milwaukee Bucks with a record of 34-13.
The Toronto Raptors have been pushing Kawhi Leonard for the All-Star Game since 2018. The angle the team has decided to take is with Leonard being a “man of action” as opposed to a man of words.
Teams come up with some pretty good ideas about how to promote their star players for the All-Star Game. The Portland Trail Blazers guard CJ McCollum did the Vote for Pedro dance from “Napoleon Dynamite” to ask people to vote for buddy Damian Lillard.
The Raptors took a shot at a viral video of their own this week by releasing a fake 1990s-style action figure commercial for Leonard.
The result was pretty good:
At least with a Kawhi Leonard action figure you wouldn’t need to have a speaker and a button that plays catch phrases on it.
Things might not be over between Dennis Smith Jr. and the Dallas Mavericks.
The sophomore guard and the Mavericks have apparently been on the outs with each other as the season approaches the midway point. It was rumored that Smith was on the trading block, and that several teams were interested in his services.
But reports on Thursday surfaced saying Dallas and Smith could be heading for a reconciliation, and that conversations between the two sides have been positive as of late.
Via Twitter and ESPN:
The Mavs have shopped Smith, 21, throughout the season but haven’t received any offers that have tempted them to pull the trigger on trading a player whom the Dallas front office still believes has potential to develop into a star, sources said.
“Plan A is still to fix this,” a team source told ESPN.
Smith has not been that good this season, but his advanced numbers suggest that he is on a slow rise upward. It perhaps isn’t the jump Mavericks fans were looking for in the second season for a Top 10 pick, but if they can salvage their relationship it’s probably best for both sides at this juncture.