Mat Ishbia Rumors | Hoops Rumors

Suns Notes: Crowder, Booker, Okogie, Ishbia

December 23rd, 2022 at 12:39pm CST by Luke Adams

A rival general manager who spoke to Steve Bulpett of Heavy.com doesn’t think that Suns forward Jae Crowder has helped himself by sitting out the season as he waits to be traded.

“He just didn’t show up,” the GM said. “He said he’s not playing unless he gets a contract extension that he wants. I think a lot of teams are turned off by that in and of itself. Like, ‘What? You don’t want to play for one of the best teams in the NBA and prove that you’re worth it so you can get a contract next year? Like, you’re not that good, bro. What are you doing?’ It’s a weird dynamic. It’s one thing if Kevin Durant‘s holding out because he’s not getting paid enough, but Jae Crowder? Seriously?

“I just don’t understand this, and I’m not alone. … He just had to play the year and show that he’s a great leader and has a great attitude.”

Crowder has been on the trade block for at least the last three months and the Suns have yet to find a deal they like. That doesn’t surprise Bulpett’s source — the GM suggested that the trade market for the 32-year-old forward hasn’t been particularly hot.

“Phoenix is leaking all sorts of things out there periodically, but I think it’s mostly just to try to stir up some interest,” he said.

Here’s more on the Suns:

The Grizzlies may be getting some reinforcements when they visit Phoenix on Friday night, but the Suns will once again be without their leading scorer. Devin Booker has been ruled out for a third consecutive game due to groin soreness, writes Duane Rankin of The Arizona Republic.
Cameron Payne (right foot strain) will also be unavailable on Friday, but one or both of Jock Landale (concussion protocol) and Josh Okogie (right hip soreness) could return. They’re both listed as questionable. Okogie told reporters today that he feels good, but will wait until closer to tip-off to make a final decision (Twitter link via Gerald Bourguet of PHNX Sports).
Jeremy Cluff of The Arizona Republic takes a look at what fans should know about Mat Ishbia, who is poised to assume control of the Suns and become the NBA’s youngest team owner at age 42. Meanwhile, Kent Somers of The Arizona Republic observes that simply not being Robert Sarver will work in Ishbia’s favor as he makes a first impression on Suns fans. Even before the investigation into his workplace misconduct and his subsequent suspension, Sarver wasn’t especially popular among fans in Phoenix due in part to his reputation for thriftiness.

Sarver Reaches Agreement For Sale Of Suns, Mercury

December 20th, 2022 at 6:15pm CST by Arthur Hill

6:15pm: Sarver has issued a statement, confirming that an agreement has been reached between him and brothers Mat and Justin Ishbia regarding the purchase of the majority stake in the Suns and WNBA’s Mercury, Charania tweets. The agreement values the Suns and Mercury at $4 billion.

The deal involves more than 50% ownership of the team, including all of Sarver’s interest, and a portion of the interest of minority partners. Mat Ishbia will serve as governor, while Justin Ishbia will serve as alternate governor, pending league approval.

12;05pm: Mat Ishbia, a billionaire mortgage lender, is finalizing a deal to buy the Suns, reports ESPN’s Adrian Wojnarowski. Ishbia will pay about $4 billion, according to Wojnarowski, which would be a record price for an NBA team. The WNBA’s Phoenix Mercury will also be part of the deal, Woj adds.

Ishbia is chairman and CEO of United Wholesale Mortgage, which is based in Michigan, and he has a net worth of $5.1 billion, per Forbes. He played college basketball at Michigan State from 1999 to 2002 and won a national championship in 2000. He was part of a group that tried to buy the NFL’s Denver Broncos earlier this year, according to Mike Florio of NBC Sports.

Mat’s brother, Justin Ishiba, will be “a significant investor” as well and will serve as an alternate governor for the team, sources tell Shams Charania of The Athletic (Twitter link).

Current Suns owner Robert Sarver decided to sell the team in September following a lengthy investigation into workplace conditions. The NBA suspended Sarver for a year and fined him $10MM for behavior that “clearly violated common workplace standards.”

The law firm of Wachtell, Lipton, Rosen & Katz, which conducted the investigation, determined that Sarver had used racially insensitive language in the workplace, made inappropriate comments about female employees and treated workers in general in a “demeaning and harsh” manner.

In a statement issued when he decided to sell the Suns, Sarver said he “deeply” regrets the comments he made to employees and vowed to “work on becoming a better person.” He also expressed disappointment at not being able to return to running the team and “make amends” for his behavior.

Sarver purchased the Suns in 2004 for $401MM, so he will realize a huge profit from the sale. The current record price for an NBA team is $2.35 billion, which Joe Tsai paid for the Nets in 2019. As Wojnarowski notes, the Lakers sold a minority share based on a $5 billion valuation, but that deal only involved a small portion of the team’s ownership changing hands.

Although Sarver only owned about one-third of the Suns’ shares, he has the authority to sell the team in full as its managing partner, sources tell ESPN. Mat Ishbia will have to undergo a background check and his purchase of the franchise will be subject to a vote by the NBA’s Board of Governors, but that’s expected to be a formality, per Wojnarowski.

Luke Adams contributed to this story.