Will the Grizzlies leave Memphis?

The Shelby County Commission voted Monday to pass a $18.5 million agreement to keep the Memphis Grizzlies in the Bluff City until 2029.

Could the Memphis Grizzlies move to Seattle?

Aside from expansion, Windhorst noted that the Memphis Grizzlies are considered a "wild card" in terms of possibly relocating to the Emerald City. Windhorst added that some lawyers who have reviewed the Grizzlies' lease with FedEx Forum believe there is a window for the team to relocate in 2021.

Why did Grizzlies move to Memphis?

On March 26, 2001, Heisley announced that he had selected Memphis. Memphis and Louisville were the most promising cities, with Heisley selecting Memphis because it offered a better deal and because of poor local executive leadership in Louisville.

Does Justin Timberlake own the Memphis Grizzlies?

The first thing we need to get clear about Timberlake's involvement with the Grizzlies is that he is not the team's only owner. On the contrary, he is one of many part-owners of the team. Timberlake got involved back in 2012 when tech entrepreneur Robert Pera negotiated to purchase the team for $377 million.

Are the Memphis Grizzlies an expansion team?

The team was originally established as the Vancouver Grizzlies, an expansion team that joined the NBA for the 1995 – 1996 season. After the 2000 – 2001 NBA season concluded, the Grizzlies moved to Memphis.

The deal that brought the Grizzlies to Memphis, and how it almost didn’t happen

Will Tampa Ever get an NBA team?

On February 25, 2018, Dave Magley stated that Tampa, Florida, was approved as a basketball franchise for the upcoming 2019 season. On July 8, 2018, the team was announced as the Tampa Bay Titans. Bassel Harfouch, the team's owner, became the first ever player-owner in a professional league.

What NBA team is most likely to relocate?

What team does Michael Jordan own?

He also became a NASCAR team co-owner in late 2020. Jordan, who owns the Charlotte Hornets, agreed to sell a minority stake in a 2019 deal that valued the NBA team at $1.5 billion.

Who is the youngest owner in the NBA?

Pera missed a year of high school because of a rare heart-valve infection. Pera, who bought the NBA's Memphis Grizzlies in 2012, is the youngest controlling owner in the league.

Will Vancouver get another NBA team?

Its unlikely the league puts another team in the PNW after Seattle gets a team, as the PNW market will be oversaturated, which effectively rules out Vancouver getting a team.

Why didn't the Grizzlies work in Vancouver?

Another reason Vancouver could not hold onto the Grizzlies was the lack of home game attendance. Attendance was at more than 17,000 per game at General Motors Place in Vancouver's first season, but dropped each of the next two seasons. During the Grizzlies' last two seasons in Vancouver, attendance fell below 14,000.

Will Las Vegas get an NBA team?

There is currently no NBA team in Las Vegas so either a team would need to be relocated there or there'd have to be an expansion. On June 2, NBA commissioner Adam Silver told reporters there's currently no plans to expand.

Will Seattle ever get an NBA team again?

Ever since the NBA transformed the Seattle SuperSonics into the Oklahoma City Thunder back in 2008, there's been a desire to bring a basketball franchise back to the historic location on the west coast. But it won't be the Thunder.

Is the NBA going to expand to Seattle?

During an appearance on 93.3 KJR, longtime columnist John Canzano reported that Seattle and Las Vegas have “already been earmarked” for expansion by the NBA. According to Canzano, the expansion is set to happen after the league's current media rights deal expires in 2024.

Did Jay Z own the Nets?

Jay-Z was famously a part-owner of the Brooklyn Nets, though he had to sell his shares of the team. Let's take a closer look at his time at his relationship with pro sports, his time as an owner of the Nets, and why he had to sell.

Who is the richest NBA player?

Former Miami Heat superstar LeBron James is now worth $1 billion. He is now the second-richest NBA player behind Michael Jordan.

What sports team does Will Smith own?

The Fresh Prince, who uttered those famous words on a weekly basis in America's living rooms back in the '90s, is finally getting a piece of his team. After years of promoting the city of Brotherly Love and its NBA team, actor/musician Will Smith and wife Jada now have a minority stake in the Philadelphia 76ers.

Is Scottie Pippen rich?

Scottie Pippen is a retired American professional basketball player who has a net worth of $20 million. Scottie played 17 seasons in the NBA. During that time he earned $109 million in salary alone. He earned tens of millions more from endorsements.

How much Nike pay Jordan?

Where Nike specifically is concerned Jordan is quite simply the sneaker giant's biggest source of income. For perspective, consider that his first-ever five-year Nike deal signed in 1984 was worth $500,000 annually (about $1.2 million in today's dollars), plus royalties. His take last year was $130 million.

Is LeBron a billionaire?

LeBron James has officially become a billionaire, according to Forbes. This makes James the first active NBA player to reach the milestone, and the second NBA player to reach billionaire status, joining retired basketball star Michael Jordan.

Will the New Orleans Pelicans relocate?

Gayle Benson was steadfast Monday that the New Orleans Saints and Pelicans won't be going anywhere now that she has replaced her late husband, Tom Benson, as owner of the two franchises. "I don't think there's any other choice. I think that's the only thing we could do is to keep his legacy alive.

Are the Spurs moving to Vegas?

Holt on Tuesday told fans not to worry: The team isn't going anywhere. A plan to have the Spurs play a few games in Austin, 80 miles away, had raised some local anxiety that the owners may be considering moving the team.

Will Pittsburgh get an NBA team?

The short answer: unlikely. There is not enough interest in basketball to be able to have a team. Sure, there are some rec leagues in Pittsburgh, but most basketball towns have people playing pickup day in and day out. Plus, there are many cities in line before Pittsburgh.