Associated Press

Report: Grizzlies minority owners force Robert Pera into buy/sell option

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Once considered a model franchise, Memphis has made a lot of news for all the wrong reasons lately — a feud between the star player and coach that lead to another Grizzlies coach with a winning record being fired, a roster with a couple to 25 NBA players but playing an antiquated system, a team uncomfortably trying to rebuild on the fly.

It all starts at the top with ownership.

Robert Pera, the controlling interest owner, is rarely present, spends a lot of time with business interests overseas, and nobody is sure how involved he is (Marc Gasol said he speaks to him regularly, although the rumors around the league are Pera is not very involved). Most of the minority owners of the team are not Pera fans.

Now two minority owners —Steve Kaplan and Daniel Straus — have exercised their option to make an offer for Pera’s 30 percent and controlling interest of the team. Either Pera buys out the other two, or he gets bought out. Jon Krawczynski of the Athletic broke the story.

A buy-sell provision in the ownership agreement between Pera and minority owners Steve Kaplan and Daniel Straus was exercised last week, sources told The Athletic. Both minority owners had the right to invoke the clause starting in late October, which allows one or both of them to set a new valuation for the franchise that sold for $377 million in 2012.

Pera, who is being represented by CAA in the process, will have to decide whether to buy out Kaplan and/or Straus to keep control of the team or sell his shares at the set price and remove himself from the ownership group….

Since diving into the Grizzlies in 2012, Pera’s net worth has skyrocketed thanks in large part to a stock price rebound for his technology company. The value of the Grizzlies has more than doubled during his time as owner as well, and other franchises like the Houston Rockets ($2.2 billion) and the Los Angeles Clippers ($2 billion) have driven up the price tag to be an NBA owner. It remains unknown whether he will look to retain the team or cash out and reap a financial windfall for his much smaller initial investment. The process could take months to come to a conclusion.

Part of this buy/sell agreement is Kaplan/Straus get to set the valuation and the buyout price, Pera has to take it or leave it.

To add drama to all of this Kapan and Pera have had a feud. Pera is a largely absentee owner who the minority owners feel has left them out of the loop. In total there are 20 owners of the Grizzlies — including Justin Timberlake — Pera has the largest share (30 percent). Kaplan wants his own team, he was part of a group trying to buy both the Hawks and then the Timberwolves.

This is going to play out for a couple of months, but the future direction of the Grizzlies on and off the court are in the balance.

Rumor: People close to Kawhi Leonard think he’ll re-sign with Raptors

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Kawhi Leonard has made it known that he wants to play in Los Angeles. Specifically with the Lakers, although playing for the Clippers reportedly has become more of an option as of late for Leonard.

Still, for the meantime the former San Antonio Spurs star will be playing with the Toronto Raptors, at least to start the season. Raptors general manager Masai Ujiri leveraged his goodwill from the city as well as the future of his team by trading DeMar DeRozan to get Leonard. Now, the question is whether Leonard will be healthy enough to play, or whether he will prove difficult much in the way he was last season in Texas.

Rumors are already swirling in Ontario about whether or not Leonard will prefer to stay with the Raptors after this season when he can opt out of his current deal. According to at least one rumor, some close to Leonard think he will stay with Toronto.

Via The San Diego Union-Tribune:

Here’s what someone who knows Leonard as well as anybody told me privately: “He’s going to fall in love with Toronto – it’s going to happen. He’s not going to leave, I’m telling you.”

We have to treat this as hearsay at this point, as a lot of the recent talk from people rumored to be close to Leonard has turned out to be inaccurate.

Even further, Leonard’s wants and actions have been hard to predict. Two years ago, Leonard changed agents and with the help of his uncle, has taken a new direction with his business management. It’s been staunch, and conservative, and stubborn. On paper, forcing his way away from the best-run franchise in the NBA is a real head-scratcher.

That’s also why you can’t necessarily dismiss the idea of Leonard staying in Ontario. His wants and needs seem to shift, and what will affect him one day to the next seems hard to gather. It’s entirely possible that he ends up liking playing in Toronto, and the city itself, which is magnificent.

Yes, we all saw the rumor that Leonard doesn’t like the cold, but that contradicts with the idea that Leonard is “all about basketball”. It’s not as though the basketball situation in Los Angeles is better than the basketball situation in Toronto. And despite their playoff failures, you could say that management installed in Canada is better than those acting in Southern California.

We will see whether Leonard even plays a significant amount of games for the Raptors. We all thought it was impossible that he would sit out an entire season for San Antonio last year, and now we can’t dismiss that possibility moving forward. Getting him on the floor and in a Raptors jersey is first.

Then we can talk about him re-signing in Toronto.

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JR Smith finally says goodbye to LeBron 21 days after Lakers announcement

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Cleveland Cavaliers guard JR Smith isn’t the most aware player on the court. We learned that the hard way during the NBA Finals.

But life in Cleveland will move on, and with Smith apparently still on the roster for the foreseeable future. Smith was at one point in time a favorite of LeBron James, who is now wearing a Los Angeles Lakers jersey.

Apparently, that fact has finally kicked in for Smith. On July 22nd, three weeks after James made it clear that he was heading to the Lakers, Smith decided to finally acknowledge the departure of The King.

Via Instagram:

Thanks bro @kingjames

A post shared by JR Smith (@teamswish) on

NBA players were not shy about sending out their reaction to James heading to the Lakers on social media the day it happened. No doubt actual teammates of LeBron would need to take some time to process it, but even guys like Cedi Osman were more punctual with their well wishes.

Some people bring out the worst in you, others bring out the best. And there are remarkably rare ones, who just bring out the most of everything that even you don't know that you have. They build you up. They make you feel alive. They make you feel strong. They make you feel indisputable. From the first moment we met, you’ve always been that rare one for me, King. I don’t believe in coincidences. I choose to believe my path crossed with you for a reason. And that reason will be uncovered as I continue to walk through. Please accept my highest gratitude for your support and appreciation for your inspiration. I’m truly blessed to have been surrounded by your charm. Bazı insanlar doğanızdaki kötü tarafları ortaya çıkarır; bazıları ise içinizdeki iyiyi katlayarak yansıtmanızı sağlar. Ama bazı özel insanlar vardır ki, onların sayısı çok azdır, sahip olduğunuzun farkında bile olmadığınız yönlerinizi parlatmanızı sağlar. Sizi geliştirir, yaşadığınızı hissettirir ve güçlü olduğunuzu hatırlatır. Kral, ilk buluşmamızdan itibaren benim için eşsiz biri oldun. Biliyorum ve inaniyorum ki seninle yolumuz özel bir nedenle kesişti. Bu özel neden, hayatım boyunca benimle olmaya devam edecek. Verdiğin tüm destek için sana kalpten teşekkür ediyorum. Seninle geçirdiğim her dakika için minnetarım. Yolun açık olsun…

A post shared by Cedi Osman (@cediosman) on

Los Angeles and Cleveland will be interesting teams to watch next year, and largely for the same reason. Each might end up being a complete tire fire, although they will attack things from different ends of the spectrum. How Smith operates in that void for the Cavaliers will be interesting to watch.

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DMV in Cleveland tapes a photo of LeBron to their camera to stop people smiling

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A trip to the DMV is never at the top of anyone’s list of ways to spend an afternoon. Still, it’s a necessary evil of adult life.

The DMV is a place for rules, one of the most common ones is that you are not allowed to smile in your picture for your driver’s license. In Cleveland, the DMV there has decided to make a small alteration to their camera setup to ensure that citizens follow this rule.

Specifically, they taped a photo of LeBron James in a Los Angeles Lakers jersey to the camera that takes the driver’s license photos.

Via Twitter:

At least for this year, putting a photo of LeBron on a camera at the DMV in the Cleveland should keep straight faces on people getting their photo taken. However, seeing as the Cavaliers probably won’t be very good moving forward, it might be just as easy to tape a photo of the team logo up there.

It appears that everyone is upset about Lebron leaving for the LA.

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DeMar DeRozan with classy goodbye to Toronto fans

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DeMar DeRozan did not want to be traded from the Raptors.

He will eventually warm to San Antonio and the Spurs, but for a franchise that has seen star after star push their way out of town — Chris Bosh, Vince Carter, Damon Stoudamire, and on down the list — DeRozan was the one guy who embraced the city, repped it, and not only said he wanted to stay but did just that. DeRozan was all in on Toronto and loyal, and they shipped him out anyway. It may well have been the right basketball move, but it was cold. And a lot of Raptors fans were not happy about how it went down.

DeRozan, classy as always, thanked the Raptors fans in a heartfelt Instagram post.

Someday they will retire DeRozan’s jersey in Toronto. Deservedly so.