League approves sale of Grizzlies to billionaire Robert Pera

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Robert Pera, you got yourself an NBA team. At age 34. Thanks for making the rest of us feel like slackers.

At its Board of Governor’s meetings this week — where the owners get together and decide all things NBA — they formally approved the sale of the Memphis Grizzlies to billionaire Robert Pera.

“We are delighted that the NBA’s Board of Governors has approved Robert Pera’s purchase of the Grizzlies,” said NBA Commissioner David Stern in a released statement. “Robert will no doubt bring great energy and passion to the franchise. He has assembled an ownership group with very strong local ties, and we anticipate that their commitment to the Memphis area will greatly benefit both the team and the community.”

While the sale price is not public it is believed to be in the $350 million range. When the stock price for Pera’s company Ubiquiti Networks took a hit in recent months, some thought threatening the sale, Pera brought in a number of minority owners included some from the Memphis business community as well as celebrities such as Justin Timberlake and Peyton Manning and his wife (she and Timberlake are Memphis natives). Also in is former NBA player Penny Hardaway.

Outgoing owner Michael Heisley is not exactly going to be missed by the fan base. He had a reputation for being stingy and making unpopular decisions with players. However, in the last few years the Grizzlies have been built into a solid team.

That is not a team that is moving — Pera reportedly has no plans to move the franchise to another city. It would be painful to do so anyway, the Grizzlies have a rock-solid lease with the FedEx Forum through 2021. At least nine more seasons.

But we don’t know what other changes Pera may want to make in the organization.

Pera is a former Apple engineer who founded wireless company Ubiquiti Networks, which is where he made his money primarily selling in developing countries. According to a Forbes Magazine profile he is an avid basketball fan who lives a very no frills life — leases his car, lives in a one-bedroom apartment, the kind of guy who doesn’t check a bag when he travels.

Owning an NBA team is a big frill.

James Harden buys piece of MLS Houston Dynamo

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NBA players being minority owners in a soccer team is not new, LeBron James owns a small piece of Champions’ League winner Liverpool, for example.

James Harden is keeping it closer to home — he bought a share of the Dynamo, Houston’s MLS franchise.

“I’m very excited about the opportunity to join the ownership group of the Houston Dynamo and Houston Dash and proud to be a part of a club with tremendous history and a great future,” Harden said in a statement. “Houston is my home now, and I saw this as a way to invest in my city and expand my business interests at the same time. Soccer in general, and especially MLS, have exploded in this country throughout my lifetime. I’ve been a fan of the game for several years, and I know that Houston has a massive soccer fanbase, so it was an easy decision for me when this opportunity arose.”

Harden reportedly purchased a five percent stake in the team.

The Dynamo — a former MLS cup champion and a franchise that has consistently been strong — is primarily owned by Gabriel Brener, and it has boxing legend Oscar De La Hoya as one of its minority owners.

Harden has earned more than $141 million in NBA salary in his 10 NBA seasons and has four years left on the $228 million contract extension he signed with the team in 2017. In addition, he has a large shoe contract with Adidas and other endorsements.

Report: R.C. Buford moving on from Spurs GM role, Brian Wright taking over

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For 15 years, through championships and an unparalleled run of playoff berths and success, R.C. Buford and Gregg Popovich seemed to work as one brain. Popovich was the coach but also team president, Buford the GM, and together they built an NBA powerhouse.

Buford is moving on from that role. Or, more precisely moving up into a new management role, and assistant GM Brian Wright is taking over as GM, reports Jabari Young of The Athletic.

After a little more than 15 years serving as GM, Buford is getting prepared to bequeath the role to assistant GM Brian Wright, league sources have confirmed to The Athletic. Wright will report directly to Buford, who will officially get a new title that some around the NBA believe will be a role helping to oversee Spurs Sports & Entertainment.

When the Spurs initially hired Wright in 2016, he stayed behind the scenes and focused mainly on scouting. But sources have informed The Athletic over the last year Wright has been more involved, even fielding calls and packages for the trade of Kawhi Leonard the previous summer.

Wright came to the Spurs from the Pistons a couple of years ago. That said, don’t expect a big change in how things are done in the Spurs front office. For one thing, Popovich is still there. Also, Wright has an excellent reputation around the league as being smart and a straight shooter. On top of all of that, Buford will remain his ultimate boss, although Buford’s role will change into one of more of a business manager for Spurs Sports & Entertainment.

Young hints there could be more changes coming. Obviously, the biggest would be when Popovich decides to step back in his dual roles as coach and president, but there could be shifts in the assistant GM ranks as well.

Just don’t expect the Spurs to stop being the Spurs.

Exclusive video preview: Dwyane Wade joins America’s Got Talent as guest judge

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Dwyane Wade is retired. He’s got some time on his hands.

But if he wants to spend quality time this summer with his wife, Gabrielle Union, he’s got to get on the set of America’s Got Talent, because she is a judge on the hit show. So, Wade did exactly that and steps in this week as a guest judge.

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Next week… it’s going down on @agt

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In the video at the top of this page, you can see an exclusive of Wade and the rest of the AGT crew watching and judging an insane danger act out of India, a sneak preview of the show airing on NBC this Tuesday night (8 p.m.).

Wade knows talent on the court, but we’re going to see what talents impress him on the stage.

Kings hire WNBA’s Lindsey Harding as assistant coach

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SACRAMENTO, Calif. (AP) — The Sacramento Kings have hired former WNBA player Lindsey Harding as an assistant and player development coach on Luke Walton’s staff.

The team also hired Stacey Augmon and Rico Hines on Friday.

Harding played nine years in the WNBA before working as a pro personnel scout and then player development coach for the Philadelphia 76ers.

She becomes the latest woman to serve as a coach in the NBA, joining others like Boston’s Kara Lawson, San Antonio’s Becky Hammon, Dallas’ Jenny Boucek and Cleveland’s Lindsay Gottlieb.

The Kings have a history of hiring female coaches, notably Nancy Lieberman and Boucek.