Suns Rumors

Suns Minority Owners Accuse Ishbia Of Using Team As ‘Personal Piggy Bank’

In a legal filing in Delaware State Court, Suns minority owners Andy Kohlberg and Scott Seldin allege that majority owner Mat Ishbia is using the team as his “personal piggy bank” and is hiding details about his spending, according to reports from Doug Haller and Mike Vorkunov of The Athletic and Baxter Holmes of ESPN.

It’s the latest development in a legal battle between the various Suns shareholders. Kohlberg and Seldin sued the Suns and Ishbia in August, with Ishbia filing a countersuit against the pair of minority owners in October. This legal filing is a response to Ishbia’s countersuit.

“Ishbia does not own the Suns to make money for the company but he does operate it as a personal fiefdom for his own personal gain and for the benefit of his other businesses, including his mortgage company United Wholesale Mortgage,” the latest filing states. “The reality is that Ishbia is using the Suns as his personal piggy bank, including through a lengthy list of conflicted transactions — only some of which the minority owners are aware of.”

As The Athletic and ESPN relay, the allegations Kohlberg and Seldin make against Ishbia in the filing include:

  • Extending a loan to the Suns at an interest rate that was far above the going market rate.
  • Selling naming rights to the Suns’ arena to his own mortgage company without disclosing the details.
  • Leasing the Phoenix Mercury’s practice facility from himself without disclosing the details.
  • Establishing an entity called the “Player 15 Group” that allegedly holds assets which should rightfully belong to the Suns.
  • Turning the Suns and Mercury into money-losing teams while profiting through United Wholesale Mortgage.

Kohlberg and Seldin also specifically cite a pair of capital calls that took place in June and July of 2025, contending that Ishbia set up those capital calls in the hopes of diluting their shares in the team, which could have happened if they didn’t pay within a 10-day window. The two minority owners contributed the necessary capital in each case, but they say Ishbia didn’t pay his own shares by the deadline and attempted to hide it by using a debt-to-equity conversion to make up the difference.

According to Kohlberg and Seldin, they should have been given the opportunity to buy the shares Ishbia didn’t fund himself, which would have allowed them to take control of a larger stake in the franchise.

“In other words,” the filing states, “Ishbia blundered into the very trap he set for the minority owners and faced a devastating dilution of his ownership interest if his failure was discovered — a failure that would wipe off his net worth and put his continued status as an NBA team owner and governor in jeopardy.”

Ishbia, who has bought out the rest of the Suns’ minority owners since assuming majority control of the team in 2023, denied the allegations through a spokesperson.

“This isn’t a lawsuit; it’s a shameless shakedown dressed up as legal process,” Ishbia’s spokesperson said in a statement. “From day one, Mat Ishbia was transparent that he was going to do things differently. Contrary to how the team was previously managed, Mat made it very clear he would invest significantly into the Suns and Mercury. He told all the investors that they could step up with him or sell their stake and step aside. Kohlberg and Seldin stayed in and now they’re trying to freeload off the value Mat created.

“Kohlberg and Seldin want to drag the organization backward, and they openly admit in this filing that investing in the team and its fans ‘makes no business sense.’ They are advocating neglect. They are free to sell their shares in the open market and if they don’t, they should be prepared to lose this lawsuit and participate in Mat’s continued investments in the teams and community.”

Ishbia and his representatives have previously argued that his investments in the team have helped bump the value of the Suns from $4 billion to $6 billion since he took over as the majority owner. Ishbia said in the latest episode of The Draymond Green Show that Kohlberg and Seldin “can sell if they want” and should appreciate the fact that the franchise valuation is on the rise.

“I told them, ‘Instead of suing me, why don’t you just write me a letter and say thank you? Your investment is worth more,'” Ishbia said (Twitter video link).

Pacific Notes: Perry, DeRozan, Booker, Durant, Goodwin, Paul

The Kings are in a familiar place, sitting near the bottom of the Western Conference standings after a 4-13 start. New general manager Scott Perry is preaching something that fans in Sacramento have heard for many years — be patient.

“I totally understand their frustrations to this point,” Perry told Sam Amick of The Athletic. “It hasn’t been what they wanted. But again, it’s the old saying that Rome wasn’t built in a day — and that’s a fact. If you look at a number of the top teams in the league, they all went through a very tough stretch when they were trying to lay a foundation and create an environment that led to sustainable winning. … All I’ve ever asked from the very beginning is just: buckle up, be patient for the ride. We definitely have a plan in place, and we’ll do this thing together.”

Complicating Perry’s mission is the fact that six high-salary players are signed through next season. The highest of the 2026/27 salaries, Zach LaVine‘s $49MM, is a player option and there’s no clarity as to whether he’ll pick it up, according to Amick. The Clippers have shown some interest in the oldest player on the Kings’ roster, DeMar DeRozan, per Amick. He has a partial guarantee ($10MM) on his $25.7MM contract for next season.

We have more from the Pacific Division:

  • Kevin Durant will miss the Rockets’ game at Phoenix tonight due to a family matter. Suns guard Devin Booker is disappointed he won’t get to face his former teammate, Duane Rankin of the Arizona Republic tweets. “I hope everything is OK with his family first, but yeah, I would love a matchup with him,” Booker said.
  • Jordan Goodwin won a training camp battle to earn a roster spot after being claimed off waivers by the Suns. Goodwin has been a steady contributor off the bench, averaging 7.9 points, 4.4 rebounds and 2.1 assists per game. “He just has a knack not only on offensive rebounds, but deflections. Any type of loose balls. Just has a hunger to get the basketball. That’s part of who he is, that’s part of what made him and that’s part of why we love him,” coach Jordan Ott said, per Rankin (Twitter link).
  • Chris Paul evokes a wide range of reaction but The Athletic’s Zach Harper lays out his case of why the Clippers guard should be appreciated by NBA fans. The 12-time All-Star is retiring after the season.

Green Disappointed To Miss First Rockets Matchup, But Staying Positive

  • While Suns guard Jalen Green is “a little bummed” that he’ll miss Monday’s game against Houston, his former team, his overall attitude remains positive and he has been supporting his teammates on the sidelines, according to Duane Rankin of The Arizona Republic. “Guys got their head down, I’m always going to pick somebody up,” Green said. “I would want that reciprocated if y’all see me like that. I know I’m a leader of this team, one of the leaders of the team. My voice is important. I know energy is important, too.” Green is recovering from a hamstring injury that has plagued him since training camp.

Suns Notes: Gillespie, Allen, Green, Brooks

The Suns pulled off a thrilling win over Minnesota on Friday night — overcoming an eight-point deficit in the final minute — but the comeback wasn’t complete until Collin Gillespie drove to the basket and sank a short jumper to give his team the lead. It marked the latest in a series of big moments for the third-year guard, and coach Jordan Ott didn’t hesitate to run the deciding play for him, writes Doug Haller of The Athletic.

“He’s growing,” Ott said. “He’s in situations like tonight that he’s probably never been in at the NBA level. But he’s going to continue to get better. He’s finding solutions out there on the fly.”

Haller notes that Gillespie has constantly been in situations where he’s had to prove himself to doubters, first at Villanova and now in the NBA. He spent his first two seasons on two-way contracts with Denver and Phoenix before signing a one-year standard deal with the Suns during the summer. Injuries to teammates have given him a larger-than-expected role, and he has responded by averaging 11.1 PPG and scoring in double figures the past four games.

Gillespie’s heroics on Friday didn’t end with the game-winning shot. Ott was also impressed by his defensive effort on the Wolves’ final possession as he provided help on Anthony Edwards and forced him to give up the ball.

“CG, he’s a hooper,” Dillon Brooks said. “And he battles every day.”

There’s more from Phoenix:

  • The Suns view Gillespie as their version of Pacers guard T.J. McConnell, according to John Gambadoro of Arizona Sports 98.7 (Twitter link). Gambadoro says the team has tried several times to trade for McConnell, but now wouldn’t consider swapping Gillespie for him.
  • A right quad contusion will cause Grayson Allen to miss his third straight game as the Suns host San Antonio on Sunday, per Duane Rankin of The Arizona Republic. Ott provided a brief update on Allen’s condition after Saturday’s practice, saying, “He hasn’t done anything full court yet because today is a day after a game. He did do a workout today. This thing could speed up real fast, and he’d be fine, but it’s still the same contusion, bruise on the quad. Nothing long-term.”
  • Jalen Green said his injured right hamstring is “getting better,” Rankin adds in the same piece, but he won’t be reevaluated until sometime in December. Green has been dealing with the injury since the start of training camp, and he has only appeared in two games this season. “I don’t even know what I did to be honest,” he said. “Freak accident. I really didn’t do nothing too explosive.”
  • Brooks has been fined $35K for “confronting and directing inappropriate language toward game officials” during Friday’s contest, Rankin states in a separate story. Brooks was also fined $25K for “making a lewd gesture on the playing court” in a November 13 game, and he leads the league with four technical fouls, which each result in a $2K fine.

Former NBA Sixth Man Of The Year Rodney Rogers Dies At 54

Former NBA forward Rodney Rogers died on Friday at age 54, according to a Wake Forest press release written by Will Pantages.

A native of Durham, North Carolina, Rogers had a highly decorated college career with the Demon Deacons, having been named the ACC’s Freshman of the Year in 1991, earning first-team All-ACC honors in 1992, and winning the conference’s Player of the Year award in 1993. He helped Wake Forest make three straight NCAA tournament appearances and held averages of 19.3 points, 7.9 rebounds, 2.2 assists and 1.6 steals on .579/.349/.694 shooting in 89 games (31.6 minutes per contest).

According to the university, Rogers is one of only seven players in ACC history to win both the Freshman and Player of the Year awards, and is the only Demon Deacon to hold that distinction.

Rogers turned pro after his junior season and was selected ninth overall in the 1993 draft. The 6’7″ combo forward played 12 seasons in the NBA for seven different teams (the Nuggets, Clippers, Suns, Celtics, Nets, New Orleans Hornets, and Sixers) and registered career averages of 10.9 PPG, 4.5 RPG, 2.0 APG and 1.0 SPG in 866 regular season contests, including 347 starts (25.3 MPG).

Rogers’ most productive seasons came with Denver, Los Angeles and Phoenix. He was named the NBA’s Sixth Man of the Year for the 1999/00 season while a member of the Suns, averaging 13.8 PPG, 5.5 RPG, 2.1 APG and 1.1 SPG on .486/.439/.639 shooting in 82 regular season appearances (27.9 MPG).

Unfortunately, Rogers was paralyzed from the shoulders down following a serious accident in 2008. His wife Faye said in a statement that Rodney passed away from natural causes related to the spinal cord injury he suffered 17 years ago.

The NBA put out a statement (via Twitter) saying it was “deeply saddened” by Rogers’ death.

He will be remembered not only for his achievements on the court but also for the extraordinary resilience, courage and generosity that he demonstrated throughout his life — qualities that inspired so many,” the league said in part.

We at Hoops Rumors send our condolences to Rogers’ family and friends.

Pacific Notes: Kuminga, Lakers, Gillespie, Clippers

With the Warriors off to an up-and-down start and sitting over .500 by a single game, there’s a growing expectation “in various corners of the league” that forward Jonathan Kuminga will be on the move prior to the February 5 trade deadline, Marc Stein writes for his Substack (subscription required).

While a veteran executive who spoke to Stein referred to Kuminga’s two-year, $46.8MM contract (which includes a second-year team option) as “one of the best trade chips in the league,” sources who talked to ESPN’s Tim Bontemps about Kuminga aren’t convinced that Golden State will be able to find a trade partner that covets the 23-year-old and is willing to send the Warriors the sort of value they’ll be seeking for the former No. 7 overall pick.

“Who is going to take him?” one Eastern Conference scout said. “And are they going to move him for stuff they don’t want, or just wait? It’s very hard to find a trade that makes sense for everyone.”

That same scout suggested that Kuminga, who is currently sidelined due to knee soreness, hasn’t done a whole lot so far this season to boost his trade value.

“He is who he is, even though he’s on the younger side,” the scout said. “He has looked better, and has been trying to fit in, but he still falls back into his old habits.”

We have more from around the Pacific Division:

  • A pair of Los Angeles Dodgers executives – Farhan Zaidi and Andrew Friedman – are serving as advisors with the Lakers during the transition from the Buss family to new owner Mark Walter, sources tell Ramona Shelburne of ESPN. As Shelburne explains, Zaidi and Friedman are functioning as senior executives with TWG Sports, the entity Walter created to oversee his sports holdings. Zaidi has been Walter’s representative during the transition process, according to Shelburne, while Friedman has consulted with general manager Rob Pelinka.
  • Back with the Suns after signing a one-year, minimum-salary contract over the summer, point guard Collin Gillespie is enjoying his expanded role in Phoenix. Gillespie, one of the team’s top reserves, is averaging 10.5 points and 5.1 assists in 24.3 minutes per game off the bench as he makes a case to stick with the Suns beyond this season. “I would like to be here long-term,” he said (Twitter video link via Duane Rankin of The Arizona Republic). “It’s 15 games into the season. There’s a ton of time. I’m not even worried about that or focused on that right now. Just play the year out. Hopefully have a really good year. Win a lot of games and then focus on it after the season, but I would like to be here long-term.”
  • Law Murray of The Athletic takes a look at some of the issues plaguing the 4-11 Clippers, including an inability to keep up with faster-paced offenses, poor point-of-attack defense, losing the rebounding and possession battles, and – in the words of head coach Tyronn Lue – a lack of “point-of-attack offensive guys that can create their own shots.”

Bontemps’ Latest: Davis, Morant, Markkanen, Kings, Nets, More

If the Mavericks decide to move Anthony Davis prior to the trade deadline, the expectation is that the return would resemble what Phoenix got for Kevin Durant rather than a haul that features several first-round picks, writes Tim Bontemps of ESPN. In other words, Dallas probably shouldn’t count on getting more than a couple solid players and a single first-rounder.

Although many of the sources who spoke to Bontemps had trouble coming up with many suitors who would make sense for Davis, a few of those sources speculated about whether the Bulls might make a play for the Chicago native.

“I could see it,” one Western Conference executive told ESPN.(Josh) Giddey has worked well with (Nikola) Vucevic, but he could use a roll man to throw it up to.”

Bontemps’ sources put Ja Morant in a similar boat as Davis, predicting that the Grizzlies will explore the trade market for the point guard but will have trouble finding a package they like.

According to Bontemps, people around the NBA are also keeping a close eye on Lauri Markkanen, who is having a bounce-back season with the Jazz on the heels of a down year in 2024/25. After averaging 19.0 points per game on .423/.346/.876 shooting in 47 games last season, Markkanen has put up 30.6 PPG on .485/.385/.885 shooting through 14 outings this fall, so he’d have more trade value now — if Utah is open to dealing him.

“He’s putting up monster numbers,” a West executive said. “They’re running everything through him. If he goes to a place that he’s an additive piece … you have to have the right team around him to go after him.”

Here are a few more highlights from Bontemps’ look at all 30 NBA teams:

  • Scouts around the league are speculating about Doug Christie‘s job security in Sacramento and are waiting to see if the Kings begin looking to trade veterans like Domantas Sabonis, DeMar DeRozan, and/or Zach LaVine. “They’re a disaster,” an Eastern Conference scout told Bontemps. “They’re going nowhere fast. They just have to put a rock on the accelerator and keep going into the tank … they’re expensive, bad and aging.”
  • Multiple executives who spoke to ESPN believe the Nets have the least talented roster in the NBA. Brooklyn is off to a 2-12 start, with its only victories coming against fellow bottom-feeders Washington and Indiana.
  • There’s skepticism about whether 2024 lottery pick Rob Dillingham can become the Timberwolves‘ point guard of the future, Bontemps writes. Dillingham is still just 20 years old but is off to a slow start in his second season, having shot just 37.3% from the floor, including 20.0% on three-pointers. “I’m not sure that’s ever going to work,” one scout said. “Maybe things come around, but it’s hard to see it.”
  • According to Bontemps, there was “virtually no talk” during the preseason about a possible rookie scale extension for Jalen Duren, with the Pistons and the big man believed to be far apart on a potential deal. Duren, who turned 22 on Tuesday, has taken a significant step forward in the early going this season, with averages of 20.6 points and 11.9 rebounds per game, and appears to be in line for a significant payday next summer.
  • Scouts have been impressed by the work first-year head coach Jordan Ott has done with the Suns, who are outperforming expectations so far with a 9-6 record and could be a playoff contender. “They’ve been way better than I thought,” a Western Conference scout said. “They’ve got enough pieces around Devin (Booker) where they’ll win the games they should win. (Ott) has them playing the right way and competing.”

Pacific Notes: LeBron, Curry, Warriors, Sabonis, Livers

Lakers forward LeBron James only took seven shots from the floor in his season debut on Tuesday vs. Utah, but he racked up 12 assists in a 140-126 victory and extended his NBA-record streak of double-digit scoring performances to 1,293 consecutive games, writes ESPN’s Dave McMenamin. Most importantly, James played 30 minutes after missing the first month of the season due to sciatica and didn’t experience any setbacks.

“The pace tested me, but I was happy with the way I was able to go with the guys,” James said. “As the game went on, my wind got a lot better. Caught my second wind, caught my third wind. Rhythm is still coming back, obviously. First game in almost seven months, so everything that happened tonight was to be expected.”

For a separate ESPN story, McMenamin spoke to 10 sources inside and outside of the Lakers’ organization to get a sense of what they’re monitoring with James back on the floor, including how the return of the four-time MVP will impact the team’s role players and whether the high-scoring duo of Luka Doncic (34.6 PPG) and Austin Reaves (28.1 PPG) will keep rolling. Not all of those sources were in agreement on certain topics, including Deandre Ayton‘s fit alongside James, McMenamin notes.

“Ayton should benefit the most out of LeBron back,” an Eastern Conference executive said. “LeBron makes people look good. [He’ll feed Ayton] lobs and dump-offs at the rim.”

“I imagine Deandre’s going to be a problem. He’s just not smart enough of a player,” a Western Conference exec countered. “And the inconsistent effort, LeBron usually has issues with, to say the least.”

Here’s more from around the Pacific Division:

  • Stephen Curry (right ankle soreness) will sit out the Warriors‘ game vs. Miami on Wednesday after tweaking his ankle a couple times during the team’s recent road trip, tweets Anthony Slater of ESPN. Golden State could end up very shorthanded on the second night of a back-to-back — Al Horford (left toe injury management) and Jonathan Kuminga (bilateral patellar tendonitis) are both out, while Jimmy Butler (right low back strain), Draymond Green (illness), and Buddy Hield (illness) are all considered questionable to play.
  • The Kings will be without center Domantas Sabonis on Wednesday vs. Oklahoma City due to left knee soreness, tweets Jason Anderson of The Sacramento Bee. It will be the fourth missed game of the season for Sabonis, who has also dealt with hamstring and rib injuries.
  • Back in the NBA this fall after a lengthy absence due to hip problems, forward Isaiah Livers is grateful to be playing a role for the Suns and isn’t concerned about keeping track of his active games, tweets Duane Rankin of The Arizona Republic. A player on a two-way contract can be on his team’s active roster for a maximum of 50 games — Livers is at 11 so far. “I’m not counting,” Livers said. “I’m taking it one day at a time. We all know my story. I’m just blessed and grateful to put a uniform back on and help an organization win games. We’ll worry about the rest later.”

Western Notes: LeBron, Vincent, Draymond, Kuminga, Holiday, More

After participating in this morning’s shootaround, Gabe Vincent (left ankle sprain) has been upgraded to available for the first time since October 26, while LeBron James (sciatica) is being considered a game-time decision when the Lakers host the Jazz on Tuesday night, tweets Dan Woike of The Athletic.

James, who practiced with the Lakers on Monday, said his lungs felt “like a newborn baby” and that he was still working on getting his conditioning and his voice back to normal, writes Khobi Price of The Southern California News Group.

“I got to get my lungs back up to a grown man,” James said. “My voice is already gone. One day back, barking out calls and assignments and stuff, getting my voice working again. Be a lot of tea and rest (on Monday night).”

James’ record-setting 23rd NBA season has been delayed by sciatica on his right side, which forced him to miss the start of a season for the first time in his career. The 40-year-old told reporters, including Broderick Turner of The Los Angeles Times, that he also dealt with sciatica two years ago, referring to it as “not fun.”

“If you ever had it, you go about it and you wake up one day and you hope that when you step down from the bed that you don’t feel it,” LeBron said. “You go to bed at night, and you hope that when you’re in the bed that you don’t feel it. So I’ve been doing pretty good with it as of late. There’s a lot of exercises and a lot of mobility things and a lot of things you can do to help it. So I’m just keeping a positive mindset.”

James will go through his normal pregame routine in the hopes of playing on Tuesday, per Shams Charania of ESPN (Twitter video link).

Here’s more from around the Western Conference:

  • Warriors forward Draymond Green wasn’t fined for his face-to-face altercation with a fan who was heckling him in New Orleans on Sunday (Twitter video link), but the NBA did issue a warning over the incident, a source tells Charania (Twitter link). “He just kept calling me a woman,” Green said of the fan after the game, per Nick Friedell of The Athletic. “It was a good joke at first but you can’t keep calling me a woman. I got four kids, one on the way; you can’t keep calling me a woman. He got quiet, though. So, it was fine.” The fan told The Associated Press that he was chanting “Angel Reese” at Green after the Warriors veteran rebounded several of his own missed shots.
  • Warriors forward Jonathan Kuminga (bilateral patellar tendonitis) will miss a third consecutive game on Tuesday when the team faces the Magic in Orlando, tweets Anthony Slater of ESPN. Reporting last week indicated that there are no structural concerns with Kuminga’s knees and that the forward’s absence should be “relatively short-term.”
  • Trail Blazers guard Jrue Holiday missed Sunday’s game – a loss to Dallas – and is listed as doubtful to play on Tuesday vs. Phoenix due to right calf soreness (Twitter link). As Sean Highkin of the Rose Garden Report (subscription required) writes, Holiday’s absence on Sunday was especially impactful because so many of Portland’s other point guards are sidelined due to injuries too. “Jrue is our core,” Blazers forward Deni Avdija said. “I feel like he does everything on the floor. He puts us in our positions. He’s a real true point guard and a leader. When he’s out of the game, it’s definitely felt.”
  • Jahmai Mashack‘s new two-way contract with the Grizzlies is for two years, while Jamaree Bouyea‘s two-way deal with the Suns is for the rest of the season, Hoops Rumors has confirmed. Bouyea was ineligible for a two-year contract because this will be his fourth season in the NBA.

Suns Sign Bouyea To Two-Way Contract, Waive Huntley

November 18: The Suns have officially signed to Bouyea to a two-way deal, Duane Rankin of the Arizona Republic tweets.


November 17: The Suns are signing guard Jamaree Bouyea to a two-way contract, ESPN’s Shams Charania tweets.

Bouyea has been toiling in the G League with the Austin Spurs while awaiting another NBA opportunity. San Antonio signed and waived him on Oct. 18 with the intent of having him play with the club’s G League affiliate. Bouyea had a two-way contract with the Bucks before they waived him in October.

Bouyea has appeared in a total of 19 NBA games for five teams. He had brief stints with Miami, Washington, Portland and San Antonio before making five appearances with Milwaukee last season. Bouyea, who went undrafted in 2022, has averaged 2.8 points and 1.3 assists in 12.0 minutes per game during those NBA appearances.

CJ Huntley, Koby Brea and Isaiah Livers had been occupying Phoenix’s two-way contract slots, but the Suns waived Huntley to open up room for Bouyea, the team announced (via Twitter).

A 23-year-old forward, Huntley was signed as an undrafted rookie out of Appalachian State and has yet to appear in an NBA game.