Headlines
Source: Grizzlies Valued at $1.3-1.4 Billion in Robert Pera Deal
Robert Pera’s deal to retain control of the Memphis Grizzlies under the terms of an unusual buy-sell clause values the team between $1.3 billion and $1.4 billion, a big price tag for a small-market team that has been among the league’s largest revenue-sharing recipients, sources familiar with the process told ESPN.
To buy the Grizzlies in 2012, Pera teamed with two large minority partners — Steve Kaplan and Daniel E. Straus, who owned in the neighborhood of 30 percent of the Grizzlies combined, sources told ESPN.
Source: Zach Lowe of ESPN
Indiana Pacers star Victor Oladipo has decided to sit out the resumed 2019-20 NBA season, telling The Athletic on Friday he can’t get his mind “to being fully comfortable” in playing.
“I really want to play, and as a competitor and teammate this is tearing me apart,” Oladipo said. “I feel like I’m at a great place in my rehab and getting closer and closer to 100 percent. With all the variables, from how I have to build my 5-on-5 workload back up, to the increased risk of a soft tissue injury which could delay my rehab, and the unknown exact set up of the bubble, I just can’t get my mind to being fully comfortable in playing. I have to be smart and this decision hasn’t been easy, but I truly believe continuing on the course I’m on and getting fully healthy for the 2020-21 season is the right decision for me.”
Oladipo has one year left on his four-year, $84 million deal with the Pacers. Sources said Oladipo plans to travel with the team to Orlando despite his decision to opt out of playing, and that he will continue his rehab, support his teammates and join them inside the bubble environment.
Source: Shams Charania of The Athletic
The NBA is closing in on signing off on a second “bubble” in Chicago for the eight teams that were not invited to play in Orlando, enabling mini-training camps and subsequent games against other clubs with a target date of September, sources tell ESPN’s Jackie MacMullan.
The NBA is closing in on signing off on a second “bubble” in Chicago for the eight teams that were not invited to play in Orlando, enabling mini-training camps and subsequent games against other clubs with a target date of September, sources tell ESPN’s Jackie MacMullan.
— Adrian Wojnarowski (@wojespn) July 2, 2020
Source: Adrian Wojnarowski on Twitter
Philadelphia 76ers wing Zhaire Smith has a bone bruise in his left knee, per source. He will not travel to Orlando.
Smith began experiencing pain prior to the Sixers resuming workouts last week, and he started treatment immediately. He is expected to make a full recovery.
Philadelphia 76ers wing Zhaire Smith has a bone bruise in his left knee, per source. He will not travel to Orlando.
Smith began experiencing pain prior to the Sixers resuming workouts last week, and he started treatment immediately. He is expected to make a full recovery.
— Derek Bodner (@DerekBodnerNBA) June 30, 2020
Source: Derek Bodner on Twitter
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