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Memphis Grizzlies confirm that team will be sold

Michael E. Heisley, the majority owner of the Memphis Grizzlies, announced today an agreement for the sale of the franchise to an entity owned by Robert J. Pera. Robert J. Pera is the founder and CEO of Ubiquiti Networks, a publicly-traded next-generation communications technology company. The sale transaction is subject to approval by the NBA Board of Governors, antitrust clearance and other conditions.

The Grizzlies were purchased by Mr. Heisley in 2000 when the team was located in Vancouver, Canada. In 2001, the Grizzlies were relocated to Memphis, Tennessee, and in 2004 moved into FedExForum, a state-of-the art NBA arena built by the City of Memphis and Shelby County. Since moving to Memphis, the team has participated in the NBA playoffs for five seasons, including the two most successful campaigns in franchise history, in 2010-11 and 2011-12.

“I have enjoyed my ownership of the Grizzlies and the support for professional basketball in Memphis,” said Heisley. “I am confident that the franchise will continue its development toward being a perennial championship contender and an important member of the Memphis community. I am particularly gratified that we have put together a team which is poised to continue its improvement. We have an outstanding team of players, coaching staff, and basketball and business management. In Robert, we have a new owner who has expressed a total commitment to build on our success in Memphis.”

“I am excited about the opportunity to build on the work that has made the Memphis Grizzlies a highly competitive NBA team,” Pera said. “I look forward to getting to know the Memphis community and to continuing the team’s success in Memphis.”

Memphis Grizzlies sale agreement reached

After two consecutive trips to the playoffs and a return to respectability in the Western Conference, Michael Heisley has found a buyer to purchase the Memphis Grizzlies, according to sources with knowledge of the owner’s plans.

Sources told ESPN.com that Heisley has an agreement in principle to sell the team to communications technology magnate Robert Pera, who at 34 has a spot on Forbes’ list of the 10 youngest billionaries in the world.

The purchase price is in the $350 million range, sources said. A formal announcement to publicize the agreement between the parties is expected this week, possibly as soon as later Monday, with NBA Board of Governors approval then required before Pera can be officially installed as successor to Heisley, who recently turned 75.

Sources say that Pera intends to keep the team in Memphis. The Grizzlies’ lease at the FedExForum, furthermore, ties the team to the city until the year 2021, with steep financial penalties attached to breaking that lease.

— Reported by Marc Stein of ESPN.com

Grizzlies owner says there are no plans to trade Rudy Gay

Reports persist that the Griz are shopping Gay to shed payroll and acquire a draft pick in the lottery. But Griz owner Michael Heisley says that just isn’t the case.

“We’re not looking to trade Rudy Gay,” Heisley said. “We’re not shopping him around. Period. Do we sit around and say ‘What if we traded Rudy, who could we get?’ No. Right now, Rudy is part of the future of this team.”

Gay, 25, will be the team’s second-highest paid player next season. His $16.4 million salary for the 2012-13 season is slightly less than the $16.5 million that power forward Zach Randolph will earn. Gay is owed about $53.6 million over the next three seasons after signing an $84 million contract as a restricted free agent in 2010.

— Reported by Ronald Tillery of the Memphis Commercial Appeal

Memphis Grizzlies want to avoid luxury tax

Grizzlies owner Michael Heisley said it’s too soon to predict what moves, if any, that the team will make to improve the roster.

He did emphasize, though, that the franchise isn’t in position to add much salary.

The Griz have big contracts committed to Rudy Gay, Zach Randolph and Marc Gasol. They have Mike Conley on a modest long-term deal, and will have to make similar tough decisions on several free agents this summer.

“We can’t be in the luxury tax business,” Heisley said. “We’ve got to make some financial decisions. That’s without question.

“But we have to step away from this a little bit and let this settle down. I’m not going to allow myself to have any feelings about the roster right now. I don’t want us to look at Game 7 and make decisions for the future. That would be a mistake. You have to look at the season, the players and what’s available. But we’ve got a heck of a lot of talent coming back.”

— Reported by Ronald Tillery of the Memphis Commercial Appeal

Will O.J. Mayo, Grizzlies part ways?

If this was Mayo’s last game in a Grizzlies uniform, his indelible mark didn’t come in a positive way. Mayo, a restricted free agent, struggled mightily over the last five games of the series. He just couldn’t make shots and was 1 for 11, including 0 for 3 from beyond the arc, in this one. Overall, Mayo shot just 27 percent in the series. He made just 29 percent of his 3-point attempts.

“It’s not what you wanted. It’s not what you expected. But the results are the results,” Mayo said. “You’ve got to go into the offseason very motivated. You’re only as good as your last game, which pretty much sucked. You’ve got to go out and get better.”

— Reported by Ronald Tillery of the Memphis Commercial Appeal

Clippers beat Grizzlies in Game 7, advance to 2nd round

The Los Angeles Clippers refused to let a third chance to knock the Memphis Grizzlies out of the playoffs slip away.

Kenyon Martin scored seven of his 11 points in the fourth quarter, and the Clippers advanced to the Western Conference semifinals with an 82-72 win over the Memphis Grizzlies in Game 7 on Sunday…

The Clippers blew an eight-point lead in the fourth quarter Friday night. So Martin huddled the Clippers together at the start of the fourth quarter Sunday, and the veteran led the bench in outscoring the Grizzlies 25-16. Chris Paul had the only bucket by a starter in the final 12 minutes, and the Clippers’ bench outscored the Memphis reserves 41-11 overall…

Now, the Clippers have their third postseason series win in 41 years and their second since relocating to Los Angeles. They last beat Denver in 2006. The Clippers also avoided becoming the ninth NBA team to blow a 3-1 lead in a best-of-seven series in moving on to play the top-seeded Spurs starting Tuesday night in San Antonio…

Paul scored 19 points despite playing with a strained right hip flexor. Nick Young had nine of his 13 off the bench in the fourth as the Clippers finished off the series with their biggest margin of victory. Paul was so confident of victory he bought plane tickets for his wife and son to San Antonio on Saturday…

Rudy Gay and Marc Gasol each had 19 for Memphis, which lost a Game 7 at Oklahoma City a year ago in the second round of the playoffs. Zach Randolph had a game-high 12 rebounds…

Los Angeles finished off the win by hitting 9 of 10 free throws in the final 3:26. The Clippers also managed to outrebound the Grizzlies 46-44 for only the second time this series.

Memphis got away from the inside-out approach that won the last two games. The Grizzlies outscored the Clippers 36-24, but Randolph said they took far too many jumpers instead of feeding the ball to Gasol and himself.

— Reported by Teresa M. Walker of the Associated Press

Grizzlies beat Clippers 90-88 to force Game 7

This time, the fourth quarter belonged to the Memphis Grizzlies.

Long the domain of the Clippers’ Chris Paul, it was the Grizzlies who rallied in the closing minutes to beat Los Angeles 90-88 and force a decisive seventh game in their playoff series.

Marc Gasol and Zach Randolph worked their inside-out game to perfection on a night when Paul and Blake Griffin were limited by injuries and the Clippers’ bench couldn’t quite put them over the top.

”This one has to hurt,” Paul said. ”If it doesn’t hurt, it means you don’t care.”

Gasol scored 23 points, Randolph had 18 points and 16 rebounds, and Rudy Gay and Mike Conley added 13 points each to help the Grizzlies win for the first time in the Western Conference series at Staples Center and stave off elimination…

Griffin scored 17 points despite a sprained left knee that limited his jumping ability, and Eric Bledoe added 14 off the bench to lead the Clippers, who blew an eight-point lead in the fourth along with a second consecutive chance to close out what would have been a landmark playoff victory for the beleaguered franchise…

Only eight teams in NBA history have come back from a 3-1 deficit to win a seven-game series. Top-seeded San Antonio awaits the winner in the conference semifinals…

The Grizzlies led by nine points in the first half, when they outrebounded the Clippers. Paul twice drew the Clippers within one in the second quarter before Gasol’s three-point play extended Memphis’ lead to 42-38 at the break. Paul and Griffin combined for 12 points and six rebounds in the half, with Paul playing 18 minutes and Griffin 15. The Grizzlies had 13 turnovers in the half, when neither team shot well…

— Reported by the Associated Press

Memphis did all of the little things this time. The Griz got steals, offensive rebounds and made it nearly impossible for the Clippers to score at the rim.

Center Marc Gasol led the Griz with 23 points, and Zach Randolph added 18 points and 16 rebounds.

The Clippers, who led 76-68, early in the fourth quarter, were at full strength despite questions about whether Chris Paul (hip) and Blake Griffin (knee) would play. Both started and didn’t appear limited.

However, the Grizzlies couldn’t have been more impaired handling the basketball if they had tried. They turned the ball over 22 times, breaking a franchise playoff record set against Dallas in 2006.

— Reported by Ronald Tillery of the Memphis Commercial Appeal

Paul turned the ball over twice and missed a key free throw in the final five minutes, helping the Grizzlies reclaim home-court advantage in the series before Game 7 Sunday in Memphis.

Despite some poor late-game execution on the offensive end, the Clippers had a chance to make one last push. With 25 seconds left in the game and the Clippers down four, Tony Allen missed two free throws, but after Randy Foye jumped to grab the rebound, his foot landed on the baseline.

— Reported by Dan Woike of the Orange County Register

Shareef Abdur-Rahim about to graduate with college degree in Sociology

Former NBA All-Star, 2000 Olympic gold medalist and third overall selection in the 1996 NBA Draft Shareef Abdur-Rahim can now add “college graduate” to his impressive resume.

Abdur-Rahim will graduate Monday, May 14 from the University of California at Berkeley – the school where he played his freshman season of NCAA basketball. He’ll receive his degree in Sociology having recorded a 3.8 grade point average.

Entering the NBA following his freshmen year at Cal, Abdur-Rahim continued to pursue his education through off-season summer courses as well as extension programs during his NBA playing schedule. He played 12 seasons in the NBA with the Vancouver Grizzlies, Atlanta Hawks, Portland Trail Blazers and Sacramento Kings.

Abdur-Rahim announced his retirement as a NBA player in September of 2008 and immediately joined the Kings coaching staff. After two years of coaching, he was promoted to the position of assistant general manager with the organization.

With education as his longstanding focus, Abdur-Rahim launched the Future Foundation in 2001 in his home state of Georgia. Through its mission, the foundation continues to provide support systems for Atlanta’s disadvantaged youth in order to increase their options for post-secondary education.

Since its inception 11 years ago, the foundation has enjoyed great success due to Abdur-Rahim’s support, guidance and passion for education. Future Foundation’s teen center in Atlanta boasts a 100 percent graduation rate.

“Much of my work outside basketball has been dedicated to my non-profit organization. The Future Foundation’s focus is to help young people reach their educational potential,” said Abdur-Rahim.

“Although I left Cal after only one year, it has always been my goal to complete my degree,” he said. “Receiving my degree will be an extremely proud moment for me and my family. I hope it will also help inspire many of the students our foundation proudly serves and encourages. “

Blake Griffin has sprained left knee, Chris Paul has strained right hip flexor

Los Angeles Clippers All-Star forward Blake Griffin sustained a sprained left knee in last night’s 80-92 game five Clippers’ loss in Memphis last night. The injury occurred with 1:31 remaining in the third quarter. After being medically cleared to return to the game, Griffin finished the contest with 15 points, 11 rebounds and three steals in 39 minutes played. Griffin underwent an MRI today in Los Angeles which confirmed that there was no structural damage to the knee.

Clippers All-Star point guard Chris Paul suffered a strained right hip flexor with 5:16 remaining in the fourth quarter last night. Paul also returned to the game, finishing the night with 19 points, six rebounds, four assists and four steals in 39 minutes of action.

Both players will be listed as game time decisions for game six tomorrow night at 6:00 PDT vs. Memphis at STAPLES Center.

Grizzlies force Game 6, beat Clippers 92-80

Marc Gasol scored 23 points and Zach Randolph added 19 as the Memphis Grizzlies avoided elimination by beating the Los Angeles Clippers 92-80 on Wednesday night, forcing a Game 6 in the Western Conference first-round series.

With Gasol and Randolph scoring early, the Grizzlies looked like the team that knocked off top-seeded San Antonio last spring and took Oklahoma City to seven games in the conference semifinals.

Game 6 is Friday night in Los Angeles. If the Grizzlies can win, Game 7 would be Sunday in Memphis.

Rudy Gay added 14 points for Memphis.

Mo Williams had 20 points for the Clippers while Chris Paul scored 19 and Blake Griffin had 15 points and 11 rebounds. Paul and Griffin both missed time in the fourth quarter with injuries.

Paul strained a groin muscle and appeared to jam a finger while Griffin hyperextended his left knee…

In the arena nicknamed the Grindhouse in honor of the Grizzlies’ bruising, blue-collar style, Memphis pounded the ball into the paint and banged on the Clippers all game long. The Grizzlies outscored Los Angeles 48-26 in the paint and had a 42-35 edge in rebounds.

— Reported by Teresa M. Walker of the Associated Press