Rudy Gay is entering the third-year of a five-year deal.
Found June 10, 2012 on
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Report: Heisley may have found buyer for Grizzlies
Memphis Grizzlies owner Michael Heisley finally may have found a buyer for his NBA team.
The majority owner of the Grizzlies told The Commercial Appeal Monday that he has talked with billionaire Robert Pera but there is no contract ''at this point.'' ESPN.com reported that sources say Heisley has an agreement to sell the Grizzlies to Pera for approximately $350 million...
Paul Pierce For Rudy Gay, Could Be A Win-Win Deal For Grizzlies And Celtics
Via PRO HOOPS CENTRAL
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June 11, 2012
The best trades in any professional sport, are transactions that help all teams involved and a deal that I touched upon in an earlier article, just might be a move that could help two franchises in the Association. The deal that I proposed, would send Boston Celtics All-Star forward to the Memphis Grizzlies in exchange for their talented young forward Rudy Gay.
The trade could help...
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June 11, 2012
Memphis Grizzlies Gets Sold to Billionaire Robert Pera for $350 Million
According to ESPN's Marc Stein, owner Michael Heisley has finally found a suitor to buy the Memphis Grizzlies. It will be 34-year-old billionaire Robert Pera.Pera works with communications and technology and ranks in the Top 10 on Forbes as the youngest billionaires. The Grizzlies have made the playoffs for two years in a row and could be a legit Finals-contender. With that,...
Grizzlies owner has plan to sell team
Memphis Grizzlies majority owner Michael Heisley says he has an agreement to sell his NBA team to a group headed by California billionaire Robert J. Pera.
Heisley announced the agreement Monday afternoon after reports that he finally had found a buyer for the team he moved from Vancouver to Memphis in 2001.
The sale is subject to approval by the NBA Board of Governors and other...
2012 NBA Trade Rumors: Grizzlies Will Be Keeping Rudy Gay After All?
Rudy Gay has been linked to several trade rumors, most involving the Toronto Raptors and Golden State Warriors.The latest trade rumor to pop up was about the Charlotte Bobcats possibly trading their second overall pick for the Memphis Grizzlies star forward.Memphis doesn't have all the money in the world right now to keep all their players. Gay has $16.5 million on his salary...
The Memphis Grizzlies Have Been Sold To One Of The World’s Youngest Billionaires
Via NBA 24/7 365
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June 11, 2012
Doesn’t it seem like Michael Heisley’s Memphis Grizzlies have been collecting dust on the back shelf for the entirety of their existence? Well guess what, folks—the franchise has finally been sold, and to one of the world’s youngest billionaires. At age 34, Robert Pera will be just four years older than Zach Randolph, the best player on his brand new basketball team...
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June 11, 2012
Grizzlies Owner Michael Heisley In Discussions With Potential Buyer For Team
Via PRO HOOPS CENTRAL
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June 11, 2012
The Memphis Grizzlies could begin next season under new ownership, as the “Memphis Commercial Appeal” reported Monday afternoon that Team Owner Michael Heisley is currently negotiating to sell the team to the founder and owner of a communications network. According to the report, Heisley is trying to complete a deal with 34-year-old Robert Pera, owner of communications technology...
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June 11, 2012
Heisley may have buyer for Grizzlies
MEMPHIS, Tenn. (AP) -- Memphis Grizzlies owner Michael Heisley finally may have found a buyer for his NBA team.
The majority owner of the Grizzlies told The Commercial Appeal on Monday that he has talked with billionaire Robert Pera but there is no contract "at this point." ESPN.com reported that sources say Heisley has an agreement to sell the Grizzlies to Pera for approximately...
Heisley enters agreement to sell Grizzlies
Via Pro Sports Daily
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June 11, 2012
Owner Michael Heisley entered a purchase agreement to sell the Memphis Grizzlies to communications technology billionaire Robert Pera. Sports Business Journal first reported the pending move, with a purchase price between $340 million and $355 million. Pera is a hoops fanatic and plans to keep the team in Memphis. The Grizzlies would face significant penalties for breaking their...
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June 11, 2012
Grizzlies owner agrees to sell team
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...
Agreement reached to sell the Memphis Grizzlies
(Photo by Kevin C. Cox/Getty Images)
The Memphis Grizzlies have announced that the team will be sold. Michael Heisley has sold the Grizzlies to Robert Pera and the sale will become final once approved.
Via Grizzlies:
Michael E. Heisley, the majority owner of the Memphis Grizzlies, announced today an agreement for the sale of the franchise to an entity owned by Robert J. Pera. Robert...
Young billionaire agrees to buy Memphis Grizzlies
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Grizzlies Have No Plans To Trade Rudy Gay
Via RealGM
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June 08, 2012
Michael Heisley said the Grizzlies have no intention of trading Rudy Gay.
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June 08, 2012
NBA Forum Discussions
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