Sale of Grizzlies to Robert Pera finalized for $377 million

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Michael Heisley bought the team in 2000 for $160 million. In January of this year, Forbes estimated the Memphis Grizzlies to be worth $269 million.

Monday the sale of the Grizzlies from Heisley to Robert Pera became official — at a price of $377 million, according to the Commercial Appeal.

For those of you scoring at home, that is a $217 million profit in 12 years, and if you adjust for inflation (using CPI) it comes to $162 million.

Just remember that next time an owner cries poverty about the tax line or how they are losing money.

But this is good news for the Grizzlies — Pera and his minority owners are now in charge of the franchise. The NBA Board of Governors (made up of the owners) approved the sale last week.

Pera has recruited a wide range of investors to join his bid, including local businessmen such as AutoZone founder J.R. “Pitt” Hyde, investor Staley Cates, financier Duncan Williams, investor Edward Dobbs and cell phone tower developer Billy Orgel. Performer Justin Timberlake, who has Shelby County roots; Memphis native Ashley Manning and her husband Peyton Manning, the NFL and former University of Tennessee quarterback; Tiger basketball legends Penny Hardaway and Elliot Perry; and former Congressman Harold Ford Jr. are also part of Pera’s ownership group.

Pera also agreed to a three-pronged proposal of safeguards that essentially binds the team in Memphis for another 15 years.

It’s impossible to tell how Pera’s ownership will impact what is a good team on the court and the direction they chart for the future. But Heisley was not considered a good owner for most of his term and came into a winning team and fortune on the court the past couple of years. It will be interesting to see what direction Pera will chart from here, and how he will influence front office moves.

Bottom line, an energetic new owner who is locked in to staying in Memphis is good for the city and good for the NBA.

PBT Extra: Pressure falls on James Harden, Rockets’ bench with Chris Paul out

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Chris Paul is out for Game 6 of the Western Conference Finals with a strained hamstring, and that almost certainly will sideline him for Game 7 as well.

That changes the feel of this series.

The Rockets still just have to win one of the next two games to advance to the NBA Finals, and one of those is at home. However, without CP3 a couple of things need to happen. James Harden needs to find his shooting stroke. Gerald Green and the Rockets’ bench needs to step up. And Houston has to keep defending the way they have the last two games.

It’s not going to be easy (especially on the road in Game 6), but the Rockets still have a real opportunity to advance to the NBA Finals.

Watch all of LeBron James’ 46 points in Game 6

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There is going to be a Game 7 in the Eastern Conference Finals Sunday because of LeBron James.

George Hill had a strong game (20 points), Jeff Green and Larry Nance Jr. had their moments, but it was all about LeBron — 46 points, 11 rebounds, and 9 assists in 46 brilliant minutes.

Rather than try to describe his game to you — including the dagger threes late — just watch.

And enjoy. There are still some people out there (mostly on Twitter, it seems) who just want to tear LeBron down for some reason. I pity them. Not just because they are wrong, although they are. Rather, it’s because they are depriving themselves of enjoying one of the greatest players ever to lace them up. LeBron can bully people in the paint, hit step back threes, is as gifted a passer as the game has seen, and just plays a smart, high-IQ game we have got to watch grow over the years. If you can’t enjoy that, you don’t love basketball.

LeBron James is a force nature, scores 46, wills Cavaliers to win forcing Game 7

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What more can be said about the brilliance of LeBron James?

We can point to his 46 points, 11 rebounds, and nine assists Friday night in a win-or-go-fishing elimination game. We can point to how he lifted the team up when Kevin Love went down after a blow to the head (more on that later). We could talk about how this is his seventh 40+ point game of the playoffs, the last guy to do that since Michael Jordan in 1989 (when Jordan was 25 and had yet to win a title).

Or, we can just show you his back-to-back dagger threes in the fourth quarter over Jayson Tatum.

That is art on a basketball court.

LeBron got a little help Friday night at home, and with that the Cavaliers won Game 6 109-99, forcing a Game 7 back in Boston on Sunday night.

“It feels good just to play for another game, and like I’ve always said ‘Game 7’ is the best two words in sports,” LeBron said. “And for us to be on the road in a hostile environment where we have had no success up to this point, we should relish the opportunity and have fun with it.”

LeBron was nothing short of brilliant (remember 10-12 years ago people were trying to say he was afraid of the big moment, damn that sounds silly now). He is historically brilliant in Game 7s, but he can’t do it alone.

George Hill, the second best shot creator on the team, had 20 points on 7-of-12 shooting. Jeff Green had 14 off the bench, and Larry Nance Jr. had a timely 10 points and 7 rebounds.

Nance’s play was crucial because Kevin Love went down 5 minutes into the game after banging heads with Jayson Tatum while setting a screen.

Love’s was being checked for a concussion and his status for Game 7 is not known. (If he does have a concussion, it’s unlikely he clears the league protocol in time to play in two days.)

Despite LeBron and all of it, the Celtics had their chances in this one.

Boston got off to a fast start because Jaylen Brown had 15 first-quarter points and the Celtics shot 61 percent as a team, none of which seemed sustainable but it got them out to a 25-20 lead after one. Then the Cavaliers came on in the second with a 20-4 run behind LeBron, and once they had the lead the Cavaliers never let it go.

Boston will look back on not grabbing rebounds — Cleveland grabbed the offensive rebound on 36.6 percent of their missed shots, a very high percentage — and the fact the Celtics missed nine free throws and think things could have been different.

Boston is going home, where they are 10-0 these playoffs and for some reason inexplicable even to Brad Stevens, they play much better. The Celtics have a great defense, smart players, and a real chance.

The Cleveland Cavaliers have LeBron James. That may be enough.

“We have one more game to be able to compete for a championship, what more can you ask for?” LeBron said.

Kevin Love being evaluated for concussion, out for second half

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It happened just five minutes into the game — Cleveland’s Kevin Love and Boston’s Jayson Tatum banged heads.

Love was in the midpost and part of his job was to set a screen for George Hill, who was racing out to the arc. In doing so, Love and Tatum banged heads and it wasn’t pretty.

Love spent a few minutes on the ground, went straight to the locker room, and has not returned to the game.

Tatum did not leave the game.

There still is no official word on if Love has a concussion. If he does, he will go into the league’s mandated concussion protocol — which means to be cleared he has to be symptom free through a series of physical tests — and it would be a challenge for him to be back for a Game 7, if there is one.

And their likely will be one. After struggling in the rest of the first quarter without Love, the Cavaliers have gotten solid performances out of Hill, Jeff Green, and of course, LeBron James has been brilliant. The Cavaliers have a comfortable 15-point lead late in the third quarter.