Jazz facing new ownership structure as Greg Miller resigns

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Larry Miller bought the Jazz in 1985 and owned the team until dying in 2009.

The franchise has remained in his family with his widow, Gail Miller, owning it.  Son Greg Miller is CEO and holds the team’s vote on the NBA Board of Governors. Another son, Steve Miller, is next in command as president.

But a shakeup looms.

Mike Sorensen of the Deseret News:

Greg Miller, the CEO of the Larry H. Miller Group of Companies, including the Utah Jazz, will step down after seven years to pursue personal interests.

The Deseret News has obtained a copy of the press release announcing the decision. It says Gail Miller, the owner of the LHM group, would transition the Group to a new corporate structure, which will include an outside board of directors.

Besides Greg’s departure, Steve Miller has also chosen to step down from his role as president of Miller Sports Properties to assist in other areas of the family’s interests, according to the press release

What this means for the Jazz: For now, uncertainty. A new ownership structure could take a variety of forms, and it’ll be a while until we know how that affects the team.

At least Utah faces this transition with no key contract decisions looming. Gordon Hayward, Derrick Favors, Dante Exum, Alec Burks, Trey Burke, Rodney Hood and Rudy Gobert (perhaps the Jazz’s most promising piece) are all locked up for at least the next two seasons.