Part of Pera's commitment to Memphis includes three provisions keeping the Grizzlies in town for another 15 years. I feel the team is much more cemented here, and we're just excited to be a part of it and want to make it an even better part of our community.
Levien will be in charge of the ownership group operating both the Grizzlies and FedExForum reporting to Pera. The chairman said Levien - a lawyer and former agent - is one of his best friends and described him as a cross between Jerry Maguire and Ari Gold.
Levien also was a team executive with the Sacramento Kings and was a co-owner of the Philadelphia 76ers until recently. The commissioner spent the day in meetings all around Memphis and said he never caught as much enthusiasm and sense of real potential as he does with the franchise right now. The Grizzlies are coming off two straight playoff appearances.
They went last season, setting a franchise-record with their Levien spent time Sunday for the first time with Grizzlies coach Lionel Hollins, who is in the final year of his contract. Levien has no timetable for deciding whether to make any changes in the front office after so many months spent lining up the purchase of the team, but he said he sees a team with lots of heart and mental toughness. He is one of the ten youngest billionaires in the world according to Forbes Magazine.
The price also includes the FedEx Forum, where the Grizzlies play their home games. The group also includes minority owners Justin Timberlake and Peyton Manning. We are thrilled to assume ownership of the Grizzlies. We see enormous potential and understand the role the Grizzlies play in bringing Memphians together.
We are committed to building a winning team with a best-in-class organizational culture, finding new and creative ways to engage with our fans, and making a positive and meaningful difference in the community. Pera seemingly addressed those with his statement, but Clay Bennett said the same thing when he purchased the Seattle Supersonics several years ago.
He would later relocate the franchise to his home town of Oklahoma City and rename them the Thunder. Levien was a former part owner of the Philadelphia 76ers and worked in the front office of the Sacramento Kings before that. General manager Chris Wallace was reassigned to "focus exclusively on player scouting," according to the April 11 Grizzlies media release. He has been with the team since replacing president Jerry West in Former VP John Hollinger will stay with the team, the release said, "in a senior advisory capacity.
Pera said in a statement. The end of Wallace's tenure atop basketball operations makes a beginning for Jason Wexler. Hired by Pera as chief operating officer in , then promoted to president of business operations in , Wexler now adds basketball operations to his purview as president of the entire franchise. I thank him for the opportunity and I just wish his family the best.
Allen credited Heisley with bringing him to Memphis as a free agent from Boston for the season, the first of the Grizzlies' franchise-record four straight playoff berths. Allen tweeted after the game that Heisley was a very honorable man. Skip to main content Skip to navigation. Former Grizzlies owner Heisley dies at age Memphis Grizzlies. NBA experts: Which early-season surprises are here to stay? Charlotte Hornets.
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