Originally posted on Fox Sports Florida  |  Last updated 6/11/12
Memphis Grizzlies owner Michael Heisley said he reached an agreement Monday to sell the team he has owned for the past 12 years. Heisley said a contract was signed with billionaire Robert J. Pera. He said it was not discussed whether Pera ever might move the team, but that Grizzlies have an ironclad contract to remain in Memphis until at least 2021. I have stepped aside from my companies, Heisley, who has been looking to sell the team before, said in an interview with FOX Sports Florida about why hes selling now. Im 75 years of age. I had a couple of medical problems this year (with his heart). I thought the team was in good shape. Fan base was in good shape. I thought if the opportunity presented itself, I would sell the team. ESPN.com, which first reported the team would be sold to Pera, put the sales price in the range of 350 million. Heisley, who will give up 100 percent of ownership, said that figure is in the ballpark. I will say its in the 3-something, said Heisley, refer...
Ios_download En_app_rgb_wo_45

Michael Bennett dislikes Stafford because of JFK assassination

Tedy Bruschi: Always Feels Good To Beat Cowboys

Kentucky and Duke set for 1st meeting since 2012

Michael Bennett calls out Seahawks owner to pay Kam Chancellor

WATCH: Officials blow call on illegal bat, cost Lions game

Zdeno Chara placed on IR, may not miss any games for Bruins


Auburn WR Duke Williams dismissed from the program

Rapper Luther Campbell's Miami coaching wish list has autocorrected error

Jordan Zimmermann issues farewell to Nationals fans

Zack Kassian suffered injuries in an early morning car accident

NFL looking into why Joe Haden was deactivated

Trent Dilfer rips Jimmy Graham as a blocker

CC Sabathia and a history of Yankees with alcoholism

Why the NL Wild Card Game makes or breaks Chicago

WATCH: Kam Chancellor saves game for Seahawks

Jim McElwain, Florida and the art of culture

Who could be baseball’s next breakout postseason superstar?

WATCH: Seahawks' Russell Wilson refuses to get tackled

Why the Miami Dolphins had to fire Joe Philbin

Understanding Reggie Jackson's contract with Detroit

College football teams missing quality quarterback play

Alley Broussard waiting for Leonard Fournette to break his LSU record

Texas Rangers ups their concessions game for the postseason

What to make of Jameis Winston’s nightmare start

A brief history of Ichiro wanting to pitch

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
Get it now!
Ios_download En_app_rgb_wo_45

Texas Rangers ups their concessions game for the postseason

College playoff: Five teams that hurt themselves

College playoff: Five teams that helped themselves

Could this be the Carolina Panthers season?

Michael Irvin: Cowboys have no chance against Patriots Sunday

Melo on requesting a trade: 'Hell no'

Remembering the Angels-Mariners AL West tiebreaker of 1995

Donald Trump: Redskins should keep team name

Redskins got a pregame pep talk from...Matthew McConaughey?

Matt Bonner is about to join an elite group of Spurs

Today's Best Stuff
For Publishers
Company Info
Follow Yardbarker