Robert Pera Rumors | Hoops Rumors

Pacific Notes: Suns, Sarver, Lakers, Davis, J. Green, Ballmer

September 28th, 2022 at 4:02pm CST by Luke Adams

After handing Robert Sarver a one-year suspension and a $10MM fine following the investigation into the Suns owner’s workplace misconduct, NBA commissioner Adam Silver told some concerned players that he considered having the league’s Board of Governors vote on Sarver’s fate, but had some legal concerns about the process, report Baxter Holmes and Ramona Shelburne of ESPN (Insider link). Instead, Silver repeatedly spoke directly to Sarver in an effort to encourage him to sell the franchise.

As Holmes and Shelburne outline, Sarver was upset by his punishment and questioned why it was more severe than the one Mark Cuban received following an investigation into the Mavericks’ front office in 2018. Silver explained that the differences stemmed from the fact that Cuban wasn’t accused of misconduct himself.

While persistent nudging from Silver may not have been enough on its own to convince Sarver to sell, the Suns were facing the prospect of losing several key sponsors if he remained on as the team’s owner. Sources tell Holmes and Shelburne that nearly 30 sponsors are up for renewal after the coming season, including PayPal, which issued a statement calling for Sarver’s removal. There were indications that many companies would follow PayPal’s lead and put out similar statements.

“The walls were closing in on (Sarver),” a source close to the process told ESPN. “A group of sponsors were all moving towards this common position.”

After Mike Vorkunov of The Athletic reported last week that a “high-end estimate” for the sale price of the Suns could be $3 billion or more, ESPN’s duo is hearing the same thing. Multiple sources who spoke to Holmes and Shelburne, noting that the NBA has rebounded well from the impact of COVID-19 and has a new TV deal around the corner, predicted that the franchise could sell for more than $3 billion.

Here’s more from around the Pacific:

As he preaches defensive effort and intensity to his new team, Lakers head coach Darvin Ham said on Tuesday that he likes the fact that multiple starting lineup spots are for grabs in training camp, according to ESPN’s Dave McMenamin. LeBron James and Anthony Davis are locked in as starters and Russell Westbrook will “absolutely” join them if he shows the effort Ham is looking for on defense, but that would still leave two spots open. “I think it adds a little spice to camp, and LeBron and AD, they are who they are, as well as Russ, those guys are going to go at them,” Ham said. “That’s only going to make everybody better. It’s a controlled competitive environment.”
Davis told reporters on Wednesday that he was affected last season by a wrist injury that he suffered in January, tweets Jovan Buha of The Athletic. The Lakers‘ big man added that it’s not an excuse for his poor three-point shooting (18.6%), but that it affected the follow-through on his shot.
According to head coach Steve Kerr, the Warriors viewed JaMychal Green as a “critical” offseason addition because he adds some much-needed veteran experience to a young bench. Dalton Johnson of NBC Sports Bay Area has the story.
Steve Ballmer of the Clippers remains the richest owner in sports, according to a report from Forbes, which estimates Ballmer’s net worth at $83 billion. Robert Pera of the Grizzlies ($17.6 billion) and Dan Gilbert of the Cavaliers ($17.3 billion) are the other NBA owners who rank in Forbes’ top 10.

Southwest Notes: Doncic, Murray, Sengun, Pera

April 4th, 2022 at 10:00pm CST by Dana Gauruder

Luka Doncic ranks among the top five in the league in scoring and assists but he’s getting very little Most Valuable Player buzz. The Mavericks guard shrugs it off, according to Callie Caplan of the Dallas Morning News.

“We’re winning. That’s what I care [about]. Our goal is to get home advantage,” he said. “We’re so close. We’ve got three games left, and that’s our goal right now.”

Assistant coach Peter Patton said Doncic deserves more consideration. “If you watch every game since the All-Star break or just before the All-Star break, it’s been go time,” he said. “I mean, he’s been outstanding. Arguably, you can say he’s the best player in the league. He is the most valuable player in the league, in my opinion, because he can score, he can pass, he can defend, he can rebound. He makes his teammates better, and I think that’s the biggest thing.”

We have more from the Southwest Division:

The Spurs will be without their top player, Dejounte Murray, for the third consecutive game when they face the Nuggets on Tuesday, Tom Orsborn of the San Antonio Express-News tweets. Murray is battling an upper respiratory illness. Currently holding the 10th and final spot in the Western Conference play-in picture, San Antonio has won its last two games without the All-Star guard.
Rockets rookie big man Alperen Sengun said he will play for the Turkish National Team at EuroBasket 2022 this summer, Adam Spolane of SportsRadio 610 tweets. Sengun plans to participate in Houston’s Summer League minicamp prior to playing in the international tournament.
The Grizzlies’ Robert Pera is the third-richest owner in the league and his deep pockets will help the much-improved team maintain its new standing as a Western Conference contender, Brian Windhorst of ESPN writes. The Grizzlies haven’t spent into the luxury tax since 2005, but Pera is willing to do that, according to Windhorst. The team has also been sending signals that it intends to be aggressive in retaining and acquiring talent, Windhorst adds.

Southwest Notes: Zion, Grizzlies, Cauley-Stein, Holiday

June 25th, 2020 at 9:09pm CST by Alex Kirschenbaum

Pelicans rookie forward Zion Williamson has been frequenting the team’s New Orleans facility – the Ochsner Sports Performance Center – during the NBA hiatus, per ESPN’s Tim Bontemps and Andrew Lopez. The Pelicans organization is hopeful that the prized 2019 No. 1 draft pick, now fully rehabilitated from an injury that cost him much of the season, will be able to help catapult the squad to a playoff berth.

The Pelicans, currently occupying the No. 10 Western Conference playoff seed with a 28-36 record, are 3.5 games behind the 32-33 Grizzlies, the present No. 8 seed.

“Those reps against the best players on a bigger stage will be meaningful for Zion certainly as a 19-year-old,” Pelicans executive vice president of basketball operations David Griffin said noted. “I think it’s important for those guys to play some meaningful-slash-playoff basketball.”

There’s more from the Southwest Division:

Due to soft attendance numbers during the 2019/20 season, the Grizzlies may be able to exercise an “early termination” option in the team’s lease on its publicly-funded home arena, the FedEx Forum, according to Geoff Calkins of the Daily Memphian. Team owner Robert Pera and local municipalities are anticipated to begin appraising various possible courses of action.
Since Willie Cauley-Stein opted out of the NBA season restart in Orlando, the Mavericks‘ depth at center has taken a hit, per Brad Townsend of the Dallas Morning News. With the athletic center out of commission, Maxi Kleber will soak up most of the minutes as the prime backup for Kristaps Porzingis. 7’4″ Boban Marjonovic may seem some additional run. The team agreed to a deal with Trey Burke, a point guard, in Cauley-Stein’s stead.
Stalwart Pelicans guard Jrue Holiday, a two-time NBA All-Defensive First-Teamer with the club, signed a controversially large five-year, $126MM contract with New Orleans as an unrestricted free agent in 2017. William Guillory of The Athletic looks back on the negotiations between the two sides on that mammoth deal.

Grizzlies Bring On Two New Minority Shareholders

March 22nd, 2019 at 2:55pm CST by Luke Adams

Joshua Kushner and Brandon Arrindell have purchased separate minority stakes in the Grizzlies, league sources tell Geoff Calkins and Chris Herrington of The Daily Memphian. A team spokesperson has confirmed the news to The Daily Memphian, while Kevin Draper and Marc Stein of the New York Times report that Kushner’s transaction was finalized in February.

Kushner, the founder of venture capital investment firm Thrive Capital, is the brother of Jared Kushner, President Donald Trump’s son-in-law, though he’s a lifelong Democrat who said he voted against Trump, per The Times’ report. Neither Jared nor his father Charles is involved in Joshua’s investment in the Grizzlies, Draper and Stein add.

According to Calkins and Herrington, Arrindell is a senior analyst and principal at Southeastern Asset Management, a local investment management firm which boasts another Grizzlies minority owner – Staley Cates – as its vice-chairman.

It’s not clear how much of the team the Grizzlies’ new minority shareholders will control. Per the Daily Memphian’s report, a stake of 10% or more would trigger a review by the NBA’s Board of Governors, and that didn’t happen. A league source tells Calkins and Harrington that Kushner’s and Arrindell’s new shares are of “comparable though perhaps not equal” value.

Grizzlies controlling owner Robert Pera reached a deal about a year ago to buy out Steve Kaplan and Daniel Straus, who owned approximately 28% of the team at that time. It seems likely that the portion of the franchise sold to Kushner and Arrindell came out of those shares.

Gasol, Conley Discuss Grizzlies’ Direction With Owner

January 18th, 2019 at 4:33pm CST by Dana Gauruder

Grizzlies veterans Marc Gasol and Mike Conley met with owner Robert Pera in Memphis this week to discuss the direction of the franchise, Shams Charania of The Athletic reports.

The meeting’s timing is significant with the trade deadline approaching and the possibility of Gasol being dealt. A report surfaced earlier this week indicated that Gasol is leaning toward unrestricted free agency this summer rather than exercising his $25.6MM option. Conley is signed through the 2020/21 season, though he holds a $34.5MM option on the final year of that deal.

Memphis traded two unprotected second-round picks to acquire swingman Justin Holiday from the Bulls earlier this month in order to turn around its fortunes. However, the club has a 19-25 record after losing nine of its last 10 games.

Several NBA teams have monitored Gasol’s possible availability, according to Charania. Gasol is averaging 15.4 PPG and 8.4 RPG. Conley is averaging 19.9 PPG and 6.2 APG after missing most of last season with a heel injury.

Conley’s contract would seemingly be tougher to move, if Memphis chose to shop him. He’s making $30.5MM this season.

The Grizzlies are working on a potential trade destination for forward Chandler Parsons, Charania notes. Parsons has been inactive even though he was cleared medically nearly a month ago. He has another season left on his deal, which is paying him $24.1MM this season and $25.1MM next season, but knee injuries have sidetracked his career.

The Grizzlies have a desirable asset in forward JaMychal Green, Charania adds. Green, a rotation big man, is making $7.66MM this season and has an expiring contract.

Grizzlies Owner Talks JJJ, Gasol, Bickerstaff, More

December 17th, 2018 at 1:49pm CST by Luke Adams

Due to an unusual agreement with a pair of minority stakeholders in the Grizzlies, Robert Pera‘s position as the franchise’s controlling owner was tenuous up until April of this year. At that point, Pera reached a deal to buy out those minority owners – Steve Kaplan and Daniel Straus – to retain control of the team and to cement his status as the Grizzlies’ owner going forward.

As a result of his newly stable position, Pera became more involved with the team during the 2018 offseason, as he tells Geoff Calkins of The Daily Memphian in a wide-ranging Q&A. According to Pera, he was personally involved in “pretty much every single one” of Memphis’ offseason transactions, which included signing Kyle Anderson and drafting Jaren Jackson Jr.

Pera weighed in on the decision to draft Jackson and several other subjects, including whether Memphis fans should be worried about the threat of relocation. Let’s dive in and round up some of the highlights from the Grizzlies owner…

On drafting Jaren Jackson Jr.:

“One of the biggest reasons we drafted Jaren and also Jevon (Carter) is we did a really in-depth character background and he comes from very good upbringing. His mother is head of the Players Association of the WNBA. When you have players that have the physical attributes, a feel for the game, and they have solid character and solid upbringing, those are all characteristics of players who are some of the most special players in the league, like a Steph Curry.

On whether he’s confident Marc Gasol, who can reach free agency in 2019, will remain with the Grizzlies long-term:

“I can’t read his mind, but if it were up to me I certainly want him to retire as a Grizzly.”

On giving interim head coach J.B. Bickerstaff the permanent coaching job instead of conducting a full-fledged search in the spring:

“One of the things I preached to the front office, I wanted continuity. I always say to the front office, if you want to build a high-performance team, the guys in the locker room can’t see a new face every other week. Right? You need to build a continuity and a familiarity where people can depend on each other, they know who’s in the room and they know they are going to war with the same people every night. A lot of the players knew J.B., so there’s continuity. But on top of that, we have this selfless style of basketball and culture and he’s a very selfless guy. He has the team’s best interest in mind. He fits perfectly with the team.”

On his ongoing confidence in GM Chris Wallace:

“I obviously had my hands in a lot of the moves this offseason, but the way I look at it is, collectively you make some bad decisions, and we made some good decisions, but we don’t like to point at certain people. It’s a collective effort. Chris and the front office, I think this offseason we really surpassed a lot of expectations.”

On whether Memphis basketball fans should be at all worried about him moving the franchise somewhere like Seattle:

“I don’t want any part in relocation. I have my own career, I’m trying to focus on it, I want to keep distractions and chaos to the minimum. I’m committed to Memphis for the long term. And in the world today, it’s so virtual. I have 15 research and development offices around the world, I probably only spend a third of my time in the U.S. When I’m in the U.S., I’m in a bunch of different cities. My employees are in a bunch of different time zones. I keep track of everything virtually. To me it doesn’t matter where the team is located. Memphis is as convenient a place as any. So, yeah, there should be no concern.”

Grizzlies Owner Talks 2018/19, Goals, Bickerstaff

June 13th, 2018 at 11:53am CST by Luke Adams

The Grizzlies‘ 22-win season in 2017/18 was their worst showing since they posted an identical record in 2007/08, and snapped a streak of seven consecutive playoff appearances. However, controlling owner Robert Pera sounds confident that Memphis’ struggles last season can be primarily attributed to injuries and bad luck, as Ronald Tillery of The Memphis Commercial Appeal details. Pera expects the club to be “competitive” once again in 2018/19, assuming it can stay healthier.

Pera asserted those expectations during an appearance on the Grind City Media podcast on the club’s official site, with Tillery passing along some of the highlights. As Tillery observes, the conversation didn’t touch on a number of issues that other local reporters might like to press Pera on, including David Fizdale‘s firing, Chandler Parsons‘ contract, and further details of the buy/sell process that allowed Pera to retain control of the franchise.

Still, Pera made a few interesting comments during the discussion. Here they are, via Tillery:

On his expectations for the 2018/19 season:

“Assuming Marc [Gasol] and Mike [Conley] come back healthy, I think we have a couple of surrounding pieces that are younger players that are going to make a positive impact. We’ll get another good player in this draft. I see no reason why we can’t return to being a 50-win plus team.”

On his goals now that he’s firmly entrenched as the Grizzlies’ controlling owner:

“I’d like to put my stamp on the team more now that the ownership situation is resolved. I’d like to apply some of the skills that made my company, Ubiquiti, successful. I also realize it’s a little bit different. With my company, I can make all the decisions on the long-term (vision). I can be kind of a dictator. With the team, there’s more elements than just the long-term picture. You have to have some transparency with the fans. … How you handle the media and the fans are almost as important as the long-term goals. It took me some time to find my bearings the last several years.”

On what it means to put his stamp on the franchise:

“The goal for the Grizzlies is that people know that if they take a player or find a player, this is [the] best organization in the league for realizing that player’s potential.”

On the promotion of J.B. Bickerstaff to the permanent head coaching position:

“We’ve had turnover in the head coaching spot and J.B. brings some continuity. The players have worked with him and the players all love him. He’s very transparent. He carries himself really well. He’ll compromise when he sees it’s best for the organization. I have confidence in him to be that centerpiece of the culture we want to build. He’s a great fit.”

Grizzlies To Retain J.B. Bickerstaff As Head Coach?

April 25th, 2018 at 10:36pm CST by clarkcrum

As our 2018 NBA Head Coaching Search Tracker demonstrates, there has been little to no news regarding the Grizzlies’ search for a new head man. Moreover, Memphis hasn’t been linked to any new coaching candidates.

But as reported by Real GM, Marc Stein of The New York Times recently stated on the Dunc’d on Podcast that his sources believe interim head coach J.B. Bickerstaff will remain as head coach of the Grizzlies next season.

“I can’t remember the last time somebody brought up the Grizzlies,” said Stein. “(Grizzlies owner) Robert Pera, maybe he has a surprise in store. I can just tell you, basically everyone I talk to is operating under the assumption J.B. Bickerstaff is going to be brought back. Ultimately, we’ll see until we get an announcement from the team that’s the case it’s official.”

There hasn’t been any official word on the Grizzlies being close to hiring Bickerstaff, but there appears to be sources within the NBA who strongly believe Bickerstaff will be coaching in Memphis next season.

Grizzlies Rumors: Wallace, Bickerstaff, Evans, Gasol

April 13th, 2018 at 10:56am CST by Luke Adams

The Grizzlies were viewed as a borderline playoff contender coming into the 2017/18 season, but dealt with injuries to key players like Mike Conley and Chandler Parsons, and ultimately finished the year as the league’s second-worst team. Despite Memphis’ disappointing results – and some questionable draft decisions and roster moves in recent years – GM Chris Wallace says he’s not expecting ownership to make any major front office changes this offseason.

“I understand the frustration of this past year,” Wallace said, per Ronald Tillery of The Memphis Commercial Appeal. “But, I’m not going to take sole credit for this, the front office teams I’ve presided over won the most ever games in the history of this franchise. We were seven straight years in the playoffs. We also brought in four of what I call the extended Mount Rushmore or six most important players in of the franchise. One year out of the playoffs doesn’t necessarily mean we’re out of touch and no longer capable of doing the job.”

As for Wallace’s expectations for the coming offseason and the 2018/19 campaign? He fully expects the Grizzlies to bounce back from a dismal 2017/18 showing.

“The plan on the short-term side of it is to get back in the swing of things,” Wallace said. “I don’t see any reason why we can’t be a very viable competitive team next year. … I’m excited about next year. I think we’ll be a pretty good team next year.”

The Grizzlies’ end-of-season sessions with the media resulted in a few more interesting tidbits, so let’s round them up…

As Tillery details, star players Conley and Marc Gasol both endorsed J.B. Bickerstaff, the Grizzlies’ interim head coach, who is considered a strong candidate for the permanent job. “He’s done a tremendous job with the tools he was given and with what he was allowed to do,” Gasol said. “Through all the mess and the situation, he’s done a great job.” Conley simply told reporters that Bickerstaff “deserves this job.”
Wallace didn’t commit to sticking with Bickerstaff for 2018/19, but he offered praise of his own for David Fizdale‘s replacement, per Geoff Calkins of The Commercial Appeal. “I thought guys developed, they got better, and I give him credit,” Wallace said. “It’s not an easy assignment they were given in difficult circumstances. … The losses obviously piled up, you can’t point to any gaudy record, but you watch them day to day, step by step, practice by practice, there was improvement and everybody stayed on point and did not wallow in the fact that it was a difficult situation.”
According to Tillery, the Grizzlies remain hopeful that they’ll be able to re-sign Tyreke Evans using their mid-level exception this July. That was the plan reported back in February when Memphis opted to hang onto Evans through the trade deadline.
With Robert Pera poised to remain the controlling owner of the Grizzlies, Gasol plans on meeting with him this offseason to discuss the direction of the franchise, according to Calkins. “You want to hear what – now, knowing that Robert has full control again, and that he’s fully committed, not only to the team, but to the city — you want to know what direction we’re headed, what do you want out of this, what kind of team are you trying to put together?” Gasol said. “I want to know what he has to say and how he feels.”
While a trade is probably unlikely, Wallace acknowledged that the Grizzlies will keep all their options with their lottery pick, which will be a top-five selection (Twitter link via Michael Wallace of Grizzlies.com).

Robert Pera Decides To Retain Control Of Grizzlies

April 10th, 2018 at 10:42am CST by Dana Gauruder

10:42am: Tim Bontemps of The Washington Post clarifies (via Twitter) that Pera will purchase Kaplan’s share at the same valuation as Straus’ high bid (noted below), buying out both minority stakeholders.

APRIL 10, 9:38am: ESPN’s Zach Lowe provides a couple more details on the Grizzlies’ ownership situation, reporting that it was Straus’ bid – rather than Kaplan’s – that Pera needed to match. Straus’ higher bid valued the franchise between $1.3 billion and $1.4 billion, per Lowe.

With Pera set to buy out Straus, it’s unclear how Kaplan and his shares are impacted, Lowe adds.

APRIL 9, 7:12pm: Grizzlies majority owner Robert Pera has sent a formal notice to the NBA indicating that he will retain his controlling interest in the franchise, the team announced in a press release.

Pera shared his decision in an open letter from to Grizzlies MVP Season Ticket Members. Minority stakeholders Steve Kaplan and Daniel Straus had triggered a clause in the purchase agreement that forced Pera to either buy them out or sell at a valuation of their choosing.

That duo placed a valuation of just over $1 billion on the franchise. Pera then needed to decide between buying out their shares or selling his own shares at the price of their valuation.

Pera might still wind up selling the team in the long run after buying out their shares, Tim Bontemps of the Washington Post tweets.

Pera’s decision to retain control could also improve the chances of J.B. Bickerstaff being retained as head coach.