Grizzlies Could Be Sold If Right Offer Is Made!

The “Memphis Commercial Appeal” reported Monday that although Memphis Grizzlies Team Owner Michael Heisley is under no pressure to sell the NBA franchise; he would do so if he was given an offer he can’t refuse. Heisley also revealed in an in depth interview with the paper that the team has an iron clad contract with the city of Memphis and can not be moved by him or any potential owners for the next 17 years.
Heisley told the paper that his position on selling the club has not changed. He said “I’ll reiterate my position again. I’m 73 years of age. My family is not going to take over this basketball team. My point is very simple. If the right person makes a reasonable offer for the team I will sell it. If the minority owners want to come up with a reasonable offer, I would love to sell it to them. I think they would make great owners. If it’s not to be, it’s not to be. Quite frankly, I don’t have to sell this team. I’m not in any financial difficulty. We have to be a model for what has to be done in the new era of pro basketball when teams are losing the kind of money they’re losing. Some people have got to be more fiscally responsible. We’ve lived within the rules. I’ve taken the heat. Everybody says I’m cheap. But I’ve shown that it does you no good to just go out and spend huge amounts of money.”
The Grizzlies Owner also made it crystal clear that there is no way that the team can be moved in the foreseeable future. He told the paper “Let me put a close on something. There is a contract that holds the Grizzlies into Memphis for 17 years. People should get off of this. I can’t move it tomorrow. It’s like talking about something that cannot be. All people have to do is read the contract. I’ve never said anything about moving. I’m not ready to be sued and go to jail. The NBA wouldn’t let it happen. What are we talking about? It’s not possible. If somebody calls up, we tell them (relocating) is not possible. Tell the people to wait about 10 years, let attendance never get any better and then they better start worrying. Right now, there’s nothing to talk about.”
The paper also asked the Team Owner about extending the contract of head coach Lionel Hollins before the end of the season. Heisley said “It’s in my hands. But I’m not going to get into the negotiations with Lionel or Rudy (Gay) or anyone else. I’ll tell you that Lionel’s our coach. Why wouldn’t I feel as strongly now about bringing Lionel back as I did in January. You think I’m going to basically change my mind in 30 days? I’m the guy that went and got him. Nobody else was thinking about that. Lionel is an outstanding person. He’s a good coach. He deserves a lot of the credit for the success of this team. That’s where we are.”
Rudy Gay will become a Free Agent at the end of the season and has been one of the core players of an improved Memphis team this season. There has been speculation that the Grizzlies could allow the forward to sign with another team this summer.








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