Sacramento Kings hire Rex Kalamian as assistant coach

The Sacramento Kings announced today that Rex Kalamian has been named Assistant Coach.

“I’m excited to add Rex’s experience and perspective to the team,” said Kings Head Coach Luke Walton. “His nearly 30 years in the league will benefit our group and I look forward to working with him.”

Kalamian returns to the Kings after serving as assistant coach from 2007 to 2009. He joins from the Los Angeles Clippers (2018-20), where the team amassed a 97-57 (.629) regular season record during his tenure on Doc Rivers’ staff. Prior to Los Angeles, Kalamian spent three seasons with the Toronto Raptors, serving as the top assistant for Dwane Casey. He helped lead Toronto to a 166-80 (.675) regular season record, the NBA’s third-best over that span, in addition to 2016 Eastern Conference Finals and second round playoff berths in 2017 and 2018.

From 2009-15, he worked with the Oklahoma City Thunder, as the team posted a 316-160 (.664) regular season record, reaching three Western Conference Finals and making one NBA Finals appearance. Before his first stint in Sacramento, Kalamian also coached with Minnesota (2005-07), Denver (2004-05) and the Clippers (1995-2003). He previously served as a scout for Philadelphia (2003-04) and the Clippers (1992-95) before being promoted to assistant coach.

Prior to the NBA, Kalamian worked for two seasons as an assistant at his former school, East Los Angeles College. A graduate of Cal Poly Pomona, Kalamian earned a bachelor’s degree in business management.

Toronto Raptors played their first game in the NBA 25 years ago today

When did the Toronto Raptors play their first game in the NBA? Exactly 25 years ago today. Here’s the Toronto Sun on it:

Tuesday is a big day worldwide, with the most anticipated U.S. election in years taking place. North of the border, it’s also a day to reflect on an important sporting anniversary.

For 25 years earlier — Nov. 3, 1995 — the NBA officially arrived in Canada, with the Toronto Raptors taking on the New Jersey Nets at SkyDome.

The Raptors won 94-79, with former all-star Alvin Robertson starring with 30 points and future rookie-of-the-year Damon Stoudamire turning the negative opinions of fans — who had booed him on draft night — around by notching his first of 86 double-doubles with Toronto.

Sporting white, pin-striped jerseys adorned in the front with a large red dinosaur, the Raptors showed more than 33,000 fans what the best professional basketball players in the world could do. Well, kind of. It was a far different era for hoops. The play was more rugged, three-pointers were largely an after-thought (the teams combined for five treys on just 19 attempts), and defence was prioritized and emphasized through the rules of the day. The Nets shot a putrid 33% from the field overall and committed 29 turnovers against only 15 assists.

Up next for the Raptors is the NBA draft, though their only first-round pick is No. 29.

The start date for free agency hasn’t been decided by the NBA yet. But when it begins, key Raptors Fred VanVleet, Serge Ibaka and Marc Gasol will be in search of new deals.

Raptors reportedly ponder using Newark as temporary home for 2020-21 NBA season

A big obstacle facing the world during the coronavirus pandemic is travel. This goes for individual situations, like people working from home instead of having to commute to an office. It also goes for entire team situations in sports, where the less travel, the better.

While the city of Toronto is a pretty quick flight to New York City, Philadelphia, Boston or Washington D.C., a luxury bus ride from, say, Newark, New Jersey is both cheaper and safer. So will the Raptors play in Toronto in 2020-21, or temporarily relocate? Here’s the New York Daily News:

The Raptors have spoken to the operators of the Prudential Center about using their 19,500-seat arena, according to a source. It’s one of a few options for Masai Ujiri’s squad, and a preference for the NBA because of its close proximity to all of Toronto’s division foes.

The Raptors have also discussed playing in Tampa Bay or Nashville or as tenants in another NBA team’s arena, according to a source. Kansas City pitched its T-Mobile Center. Louisville was floated and reportedly shot down. There’s been speculation about the team moving over the border to Buffalo, just like the Toronto Blue Jays during the last MLB season. While some of those destinations offer a warmer climate, none can match the geographical sense of The Rock.

The Raptors playing in Newark sounds like a great idea. Perhaps some other teams might consider a relocation as well. But the Raptors are the most obvious candidate.

Golden State Warriors reveal ‘Oakland Forever’ City Edition uniforms

The Golden State Warriors today unveiled Oakland Forever, presented by Rakuten, the team’s new on-court City Edition jerseys for the upcoming NBA season.

Per the team:

The jerseys celebrate the team’s 47 seasons in Oakland by focusing on one of the most iconic and beloved moments in franchise history, the We Believe era.

Inspired by the uniforms worn by the team from 1997-2010, the new City Edition jerseys feature Oakland across the front of the uniform, where the team played its home games from 1972-1996 and 1997-2019. The era included the celebrated We Believe playoff run in 2007, when the Warriors became the first eight-seed to defeat a one-seed in a best-of-seven playoff series with a 4-2 upset over the Dallas Mavericks.

“Oakland is and forever will be part of this franchise’s identity,” said Warriors President and Chief Operating Officer Rick Welts. “The Oakland Forever campaign, in partnership with Rakuten, will deepen our ties and impact in Oakland through a dedicated focus on community efforts, advancing educational equity, and providing safe access to health and wellness resources.”

Philadelphia 76ers hire Daryl Morey as President of Basketball Operations

Philadelphia 76ers Managing Partner Josh Harris announced today that the team has named Daryl Morey as President of Basketball Operations. Morey joins the organization after 14 seasons with the Houston Rockets, 13 of which were spent as general manager. With Morey as general manager, Houston compiled a 640-400 (.615) record, the second-best of any NBA team during that span. Among executives with at least 1,000 games of experience, Morey’s record stands as the fifth-best in league history; a top-five that also includes the likes of R.C. Buford and Jerry West.

Between 2007-20, Morey’s teams never had a losing season, winning 50-plus games eight times and qualifying for the postseason on 10 occasions. The Rockets’ eight straight playoff appearances, including multiple trips to the Western Conference Finals, represent the longest streak in the NBA.

In addition, the team announced that General Manager Elton Brand has signed a multi-year contract extension.

“Daryl Morey is one of the very best front-office executives in the NBA and I’m thrilled to welcome him to Philadelphia as the 76ers President of Basketball Operations,” Harris said. “Talent like Daryl rarely becomes available so we moved quickly and aggressively to bring him here. He has an extraordinary track record of success in this league as an innovator, visionary and leader, and I believe he significantly improves our chances of delivering a championship caliber team to our fans. This offseason, we made it our mission to make this organization better and stronger. By hiring a tremendous front-office leader in Daryl and championship coach in Doc, as well as extending Elton, we’re proud of what we’ve assembled. I’m excited for their leadership and look forward to continuing to build a team this city and our fans can be proud of.”

Over the years, Morey played a part in bringing several All-Star-caliber players to Houston through trades and free agency, including James Harden, Kyle Lowry, Dwight Howard, Chris Paul and Russell Westbrook. In 2017-18, Morey earned Executive of the Year honors, while Harden was named MVP, following a franchise best 65-17 regular season.

“Thank you to Josh Harris for the trust he has placed in me to lead the 76ers. I am humbled by the challenge and will work tirelessly to win the hearts of Philadelphia’s legendary fans,” Morey said. “The opportunity to work again with Doc Rivers, Elton Brand, and a stacked roster that is ready to win made this a can’t miss opportunity.”

Prior to joining the Rockets as assistant general manager in 2006, Morey served three years as SVP Operations for the Boston Celtics. Originally from Ohio, Morey is a graduate of Northwestern University and also holds an MBA from MIT where he serves as the co-chair of the school’s annual Sports Analytics Conference.

“I appreciate the confidence Josh Harris and this organization have shown in me with this extension,” Brand said. “From the moment I arrived in Philadelphia, my goal has been to find a way to bring a championship to this city and our fans. I love this city, I love our fans and I will do whatever it takes to help this franchise succeed. This offseason, this organization has added two of the most respected and accomplished leaders in the NBA – Daryl Morey as President of Basketball Operations and Doc Rivers as Head Coach – and I’m excited to work and grow with this group.”

Brand was named general manager on Sept. 20, 2018 and has spent the past two seasons in his current role. Under Brand, the 76ers have compiled a 94-61 (.606) regular-season record and twice qualified for the postseason.

NBA and Players Union extend deadline to terminate CBA

The NBA and the National Basketball Players Association (NBPA) announced today that they have agreed to push back to November 6 the date by which either party may notify the other of an intention to terminate the current Collective Bargaining Agreement.

The deadline had previously been today.

If either party provides notice by November 6, the CBA will terminate by December 14, unless the parties agree otherwise.

Houston Rockets hire Stephen Silas as new head coach

The Houston Rockets today named Stephen Silas the 14th head coach in franchise history. Silas spent the previous two seasons as an assistant coach on Rick Carlisle’s staff in Dallas, helping guide the Mavericks to the highest offensive rating in NBA history in 2019-20.

“This is an opportunity that was well-earned and long overdue for Coach Silas and we’re thrilled to have him as head coach,” said Rockets owner Tilman J. Fertitta. “Stephen is a basketball lifer who is highly regarded around the league. Our basketball operations leaders Rafael Stone and Eli Witus, along with Tad Brown and Patrick Fertitta, conducted an extensive search of many worthy candidates, but in the end we knew Stephen was the right person for the job. I know Stephen cannot wait to get to work and I hope Rockets fans are as excited as I am for the upcoming season.”

“The success Coach Silas had with Dallas last season reinforced the notion that he is more than ready to lead his own team,” said Rockets General Manager Rafael Stone. “The strengths of our core players are a great fit for Coach Silas’ system and ideology and I’m looking forward to working with him to find ways we can continue to improve our roster.”

“I’d like to thank Mr. Fertitta and Rafael for this tremendous opportunity as well as all of the mentors I’ve had over the years, especially my dad, Paul,” said Silas. “Basketball has been a huge part of my life since the day I was born and this is the moment I’ve strived for. I’ve been fortunate to have coached some great players over the course of my career and am excited to work with this incredibly talented team as we build upon the success they have established.”

The 2019-20 season marked Silas’ 19th as an assistant coach in the NBA. His first stint as an assistant came with the original Charlotte Hornets in 2000-01 after being promoted from scout. At the time, Silas was the youngest assistant coach in the league at 27.

Silas joined the Mavericks in 2018-19 and was tasked with helping improve the team’s offense. Dallas averaged 15.1 3-pointers made this past season, marking the most by any team in NBA history besides the Rockets. The Mavericks shot 36.7% from behind the arc, which is the highest percentage by any team which averaged at least 14.0 3FGM in league history. Dallas also ranked second in the league in fewest turnovers (12.7 per game) and tied for third in assist-to-turnover ratio (1.94).

Prior to joining Dallas, Silas spent eight seasons with the Charlotte Hornets, including as their associate head coach during the 2017-18 season. As a member of Steve Clifford’s staff in 2015-16, Silas helped the Hornets to their highest win total in 14 seasons.

Silas spent four-and-a-half seasons as an assistant with Golden State from 2006-10 and worked with Hall of Fame coach and offensive guru Don Nelson. Silas was also on his father Paul Silas’ staff in Cleveland during LeBron James’ first two seasons in 2003-04 and 2004-05.

In addition to his NBA experience, Silas has coached at camps and clinics around the world to help promote the league and the game of basketball. Upon graduation from Brown University in 1996, where he played four seasons for the Bears basketball team, Silas spent three years as the assistant executive director of the National Basketball Retired Players Association.

Nets add Mike D’Antoni, Amar’e Stoudemire and Ime Udoka to coaching staff

The Brooklyn Nets announced today the hiring of Mike D’Antoni and Ime Udoka as assistant coaches and Amar’e Stoudemire as a player development assistant. They join assistant coach Jacque Vaughn, assistant coach/director of player development Adam Harrington, assistant coach Jordan Ott, assistant coach/player development Tiago Splitter and player development coordinator Ryan Forehan-Kelly on Head Coach Steve Nash’s staff.

“We’ve assembled an experienced staff of high-character individuals with varied backgrounds, both on and off the court, that will help create a solid foundation for me and our players,” said Nash. “When I set out to build this staff, I wanted to put together a committed group that would connect with our players and help put them in the best position to succeed as a team. With coaching and playing experience at the highest level and a deep background in player development, I’m confident that we’ve put the right people in place to lead us forward.”

D’Antoni has amassed a record of 672-527 (.560 winning percentage) across 16 seasons as a head coach with Denver (1998-99), Phoenix (2003-08), New York (2008-12), L.A. Lakers (2012-14) and Houston (2016-20). He is one of just nine coaches in NBA history to be named Coach of the Year multiple times, earning his first award in 2005 after leading Phoenix to a franchise-record-tying 62 wins, and securing his second Coach of the Year honor in 2017 with Houston. D’Antoni has led his teams to the playoffs 10 times, including three trips to the Western Conference Finals (2005 and 2006 with Phoenix and 2018 with Houston). He also previously served as an assistant coach with Denver (1997-98), Portland (2000-01) and Phoenix (2002-03), as well as associate head coach with Philadelphia (2015-16).

A native of Mullens, W.Va., D’Antoni was selected with the 20th overall pick in the second round of the 1973 NBA Draft by the Kansas City-Omaha Kings. He spent time with Kansas City-Omaha (1973-75) and San Antonio (1976-77) in the NBA and the Spirits of St. Louis (1975-76) in the ABA before embarking on a 13-year career (1977-90) with Olimpia Milano in Lega Basket Serie A in Italy. A dual citizen of the U.S. and Italy, D’Antoni captured five league championships, two EuroLeague titles and was named one of the 50 Greatest Contributors in EuroLeague history in 2008. D’Antoni also began his coaching career in Italy, leading Olimpia Milano for four seasons (1990-94) and Benetton Basket for three seasons (1994-97) before being hired by the Nuggets as an assistant coach.

Udoka joins the Nets after serving as an assistant coach with the Philadelphia 76ers during the 2019-20 season. Prior to working in Philadelphia, Udoka spent the first seven seasons (2012-19) of his coaching career as an assistant coach with the San Antonio Spurs, helping lead San Antonio to the 2014 NBA Championship. Udoka has been a part of coaching staffs that have made playoff appearances in each of his eight seasons on the sideline.

Prior to beginning his coaching career, the Portland, Ore., native played professionally for 12 years (2000-12) in the NBA, NBA G League, International Basketball Association and United States Basketball League, as well as with teams in France and Spain. He appeared in 316 NBA games across parts of seven seasons with the L.A. Lakers (2004), New York (2006), Portland (2006-07), San Antonio (2007-09 and 2010-11) and Sacramento (2009-10), recording averages of 5.2 points, 2.9 rebounds and 1.0 assists in 18.1 minutes per game. Udoka was named the NBA G League’s Jason Collier Sportsmanship Award winner in 2006, while also earning All-NBA G League First Team honors in the same season. He also represented Nigeria in international competition, earning bronze medals in 2005 and 2011 at the African Championships. Udoka began his collegiate career at Utah State University Eastern (1995-97) and spent a year (1997-98) at the University of San Francisco before finishing at Portland State (1999-00).

Stoudemire begins his coaching career after concluding a decorated 18-year playing career, including 14 NBA seasons (2002-16). In 846 career NBA games (696 starts) with Phoenix (2002-10), New York (2010-15), Dallas (2015) and Miami (2015-16), Stoudemire recorded averages of 18.9 points, 7.8 rebounds, 1.2 assists and 1.2 blocks in 31.0 minutes per game. He was a six-time All-Star (2005, 2007-11), five-time All-NBA selection and earned Rookie of the Year honors in 2003. Stoudemire also helped lead his teams to 10 playoff appearances, including two trips to the Western Conference Finals with the Suns (2005 and 2010), and registered career playoff averages of 18.7 points, 7.4 rebounds and 1.3 blocks in 30.7 minutes per contest across 78 games (62 starts).

After his final NBA season in Miami, Stoudemire finished his playing career in Israel and China, earning two Israeli League championships with Hapoel Jerusalem (2017) and Maccabi Tel Aviv (2020). The Lake Wales, Fla., native began his professional career after being selected by Phoenix with the ninth overall pick in the first round of the 2002 NBA Draft out of Cypress Creek High School in Orlando, Fla.

Vaughn is in his fifth season as an assistant coach with the Nets. During the 2019-20 season, Vaughn also served as the team’s head coach for a 10-game stint, compiling a 7-3 regular season record and guiding the Nets through their first-round playoff series against the Toronto Raptors. He previously spent two-plus seasons (2012-15) as head coach of the Orlando Magic and was an assistant coach for two seasons (2010-12) and a pro scout for one season (2015-16) with the San Antonio Spurs.

Prior to beginning his coaching career, the Los Angeles native enjoyed a 12-year playing career in the NBA after being selected with the 27th overall pick in the first round of the 1997 NBA Draft by the Utah Jazz. In 776 career games with the Jazz (1997-2001), Hawks (2001-02, 2003-04), Magic (2002-03), Nets (2004-06) and Spurs (2006-09), Vaughn recorded averages of 4.5 points and 2.5 assists in 16.3 minutes per game. The Kansas graduate made nine playoff appearances in his 12 NBA seasons and was a member of the 2007 NBA champion Spurs.

Harrington begins his fifth season with the Nets as assistant coach and director of player development. Prior to beginning his coaching career in Brooklyn, Harrington served as a shooting coach with the Oklahoma City Thunder during the 2014-15 season.

The Bernardston, Mass., native played professionally for eight years (2002-10), including spending time with the Dallas Mavericks and Denver Nuggets in the 2002-03 season. Harrington also played for teams in the NBA G League, China, Croatia, France, Germany, Israel and Poland. Before embarking on his professional career, Harrington played collegiately at North Carolina State (1998-99) and Auburn (2000-02).

Ott enters his fifth season as an assistant coach in Brooklyn. Previously, he spent three seasons (2013-16) as the video coordinator for the Atlanta Hawks. Prior to joining the Hawks, Ott served in the same capacity with the Michigan State men’s basketball program for five seasons (2008-13) under Hall of Fame head coach Tom Izzo.

Ott received his bachelor’s degree in sports management from Penn State in 2006 while serving as a student manager with the men’s basketball program and earned his master’s degree in athletic administration from Michigan State in 2008. The McConnelsburg, Pa., native also served as an assistant coach with the Dominican Republic national team in the 2015 FIBA Americas Championship in Mexico City.

Splitter begins his second season as assistant coach/player development and his third season overall with the Nets after serving as a pro scout with added responsibilities related to on-court development in the 2018-19 season.

A seven-year NBA veteran, Splitter joined the San Antonio Spurs for the 2010-11 season after being drafted by the franchise with the 28th overall pick in the first round of the 2007 NBA Draft. The native of Brazil played five seasons in San Antonio, helping the Spurs win an NBA championship in 2014, before completing the final two seasons of his NBA career in Atlanta (2015-16) and Philadelphia (2016-17). Splitter embarked on an 11-year international career in 1999 and played mostly in Spain for Baskonia. He helped lead the team to numerous titles while earning All-EuroLeague honors on three occasions. As a member of the Brazilian national team, Splitter won gold medals in the FIBA AmeriCup, the Pan American Games and the South American Championships.

Forehan-Kelly enters his fifth season with the Nets and his second as the team’s player development coordinator. Forehan-Kelly previously served in a variety of roles within the organization, including associate head coach of the Long Island Nets (2018-19), assistant coach with Long Island (2017-18) and video seasonal assistant with Brooklyn (2016-17).

Prior to joining the Nets, Forehan-Kelly played professionally for 13 years on teams in Japan, Venezuela, China, France and Italy, along with playing two seasons (2008-10) in the NBA G League with the Los Angeles D-Fenders, now the South Bay Lakers. The Long Beach, Calif., native played four years (1998-2002) at the University of California, Berkeley.

Detroit Pistons G League affiliate team to be named as Motor City Cruise

The Detroit Pistons announced today the name and logo for their new NBA G League affiliate, the Motor City Cruise. Detroit’s newest professional franchise will play its games on the campus of Wayne State University starting with the 2021-22 season.

The new NBA G League club’s moniker pays homage to the region’s automotive history and love for the open road. The logo, unveiled this morning, incorporates the iconic red basketball from the traditional Pistons brand. The colors – red, white, blue and gray – and lettering align with the Pistons’ current font and color scheme. The new mark also features firing tail pipes that are symbolic of classic muscle cars and serve as a nod to the Pistons brand from the early 2000’s.

Dylan Martin of Grandville, MI, was the winner of the fan naming contest completed in August and was the first of 10 individuals to submit the name Motor City Cruise. He wins four courtside season tickets and a VIP package for the inaugural season. The other nine who submitted the name will receive two season tickets and prize packs.

Pistons owner Tom Gores made the decision to involve fans in the naming of the new NBA G League franchise as an opportunity to engage the community and create excitement for Detroit’s newest team.

“After considering many clever submissions, we are excited to announce the Motor City Cruise as the next professional sports franchise for the city of Detroit,” said Mr. Gores. “We wanted Pistons fans to help us with the naming process and engage with our new brand from the beginning. Our new G League team will create an affordable entertainment option in Detroit and also play an important role in our player development goals.

“We thank those who took time to offer suggestions.”

The Detroit Pistons and the NBA G League announced in July that the Pistons purchased the G League’s Northern Arizona Suns affiliate from the Phoenix Suns.

Utah Jazz being sold to technology entrepreneur Ryan Smith

Gail Miller, owner and chair of the Larry H. Miller Group of Companies (LHM Group), and the Miller family today announced they have entered into definitive agreements to sell a majority interest in the Utah Jazz and other sports and entertainment properties to technology entrepreneur Ryan Smith, co-founder of Utah-based Qualtrics.

Included in the pending transaction are the Utah Jazz, Vivint Arena, the National Basketball Association (NBA) G League Salt Lake City Stars, and management of the Triple-A baseball affiliate Salt Lake Bees.

Smith has been a strong corporate partner of the Utah Jazz for many years and was co-creator of the “5 For The Fight” jersey patch, the first philanthropic jersey patch in the history of North American professional sports. 5 For The Fight has raised over $25 million since the patch partnership was announced just three years ago.

“I have known Ryan for several years and admire the values by which he and his wife Ashley live their lives,” said Gail Miller. “They have such love for and a connection to Utah and this team. Because of our friendship and several high-level conversations over the years, Ryan recently approached our organization to inquire about the possibility of purchasing the Utah Jazz and some of our other sports and entertainment properties. After much soul searching, lengthy discussions and extensive evaluations of our long-term goals, my family and I decided this was the right time to pass our responsibility and cherished stewardship of 35 years to Ryan and Ashley, who share our values and are committed to keeping the team in Utah. We have every confidence they will continue the work we have undertaken and move the team to the next level. Our family remains invested in the success of the Utah Jazz and these businesses, and we will retain a minority interest.”

Upon closing of the transaction, Smith will become the NBA Governor of the Utah Jazz and its affiliates, and he will have final decision-making authority for all business and basketball operations related to the team and other assets included in this transaction. Steve Starks, in addition to his role as chief executive officer for the LHM Group, will be an advisor.

“The Miller family has had an unbelievable impact on countless people through the Utah Jazz and the other organizations they run,” said Smith. “We all owe a great debt to the Miller family for the amazing stewardship they have had over this asset for the past 35 years. My wife and I are absolutely humbled and excited about the opportunity to take the team forward far into the future – especially with the greatest fans in the NBA. The Utah Jazz, the state of Utah, and its capital city are the beneficiaries of the Millers’ tremendous love, generosity and investment. We look forward to building upon their lifelong work.”

“When Larry and I purchased the first half of the Utah Jazz in 1985, we could not comprehend the experiences we would have or the journey we would share with the Utah Jazz family, especially the players and coaches,” said Miller. “We have also appreciated our relationships within the NBA and especially our friendships with both Commissioner Stern and Commissioner Silver. Our passionate fans and their unrelenting commitment to the Jazz have been the energy that has propelled us forward, and I sincerely thank them. I also want to acknowledge and thank our dedicated employees who are the backbone of our operations and who show up day after day to create the ultimate guest experience. They are the best! We have cherished our stewardship of the Utah Jazz and the unifying influence it has been to the citizens of our state. We are also grateful for the broadcast properties, the newly renovated arena and the practice facility as supporting venues.

“Much attention has been given in recent years to my putting the team in a legacy trust. This was done in connection with my estate plan and with the objective of assuring our loyal Jazz fans that the team would remain in Utah. I am fully persuaded that with this sale, the objectives of the trust will be honored, and the new owners have made the same commitment to keep the team in Utah. This transaction will unlock opportunities that will allow us to continue our stewardship in ways not possible until now. Our mission is and will continue to be to Enrich Lives.”

The closing is subject to approval by the NBA Board of Governors and is expected to take place by the end of the year. Smith plans to acquire The Zone Sports Network from the Miller family subject to the parties entering into a separate agreement and separate approvals.

Larry H. Miller Dealerships, Larry H. Miller Real Estate, Prestige Financial Services, Salt Lake Bees, and Megaplex Theatres will remain part of the LHM Group.