HoopsHype Pat Garrity rumors


September 9, 2014 Updates

The Detroit Pistons have hired ex-NBA forward Pat Garrity as its new Director of Strategic Planning, league sources told Yahoo Sports. Garrity has had a successful post-playing career in the financial industry and reunites with Pistons president and coach Stan Van Gundy in Detroit. Emiliano Carchia: Marc Gasol became father. He went to Barcelona and will be back in Madrid tomorrow for the game against France #Spain2014 Twitter @sportando

December 27, 2013 Updates
February 15, 2013 Updates

Hunter can be fiery and convincing. It's a skill that has served players in negotiations with the NBA. It has also served to squelch (Tellem would say "intimidate") those like Pat Garrity and Derek Fisher who have both questioned his business practices. Regardless, player reps have heard complaints about Hunter for years and Hunter's force of personality has, by numerous insider accounts, been the driving force preventing them from taking action. ESPN.com

January 18, 2013 Updates

This was only the tip of the iceberg, the surface story of Hunter's own personal fraternity in which he routinely "suppressed criticism" and "threats to his authority," the report said. Among the most distressing examples, the report says, was the way Hunter and general counsel Gary Hall prevented former NBPA treasurer Pat Garrity from raising questions in an executive committee meeting during 2009 All-Star weekend about the union's dealings with Hunter's family members and also the vacation pay Hunter was requesting. "Had Mr. Hunter allowed Mr. Garrity to explain his concerns to the Executive Committee without interference," the report states, "the Union might have begun to address years earlier many of the issues this report now covers." CBSSports.com

April 25, 2012 Updates

On the weekend of the 2009 All-Star Game in Phoenix, Pat Garrity, the treasurer of the National Basketball Players Association, walked into a conference room inside the Sheraton Phoenix determined to make one final stand in his decade of service to the union. Garrity had warned peers and NBPA executive director Billy Hunter prior to the '09 executive committee meeting that he planned to challenge Hunter on business practices, and several players purposely steered clear of the confrontational scene. In the aftermath of the U.S. banking crisis in 2008, Garrity had grown increasingly suspicious of an investment bank project that Hunter had been pitching to the executive committee and player representatives. For Garrity and some peers in the NBPA, the investment made no sense. Yahoo! Sports

Hunter had sought a $7 million to $9 million investment from the union into Interstate Net Bank of Cherry Hill, N.J., a financial institution that federal and state banking regulators had slapped with debilitating "cease-and-desist" orders, sources said. Garrity discovered information online that left him feeling obligated to confront Billy Hunter: Hunter's son, Todd, had a seat on the board of directors of Interstate Net Bank. Yahoo! Sports

When reached by phone, Garrity confirmed the description of events that sources provided Yahoo! Sports. He declined to further comment. Hunter declined comment for this story through a union spokesman. Yahoo! Sports

At the meeting, Hunter left the talking to longtime ally and NBPA chief counsel, Gary Hall, and Hall wasn't offering answers. Garrity and Hall screamed back and forth, and Garrity's questions weren't addressed, witnesses said. Finally, witnesses said, Hall – who died on May 11, 2011 – told Garrity that he was a retired player, no longer welcome on the executive committee, and that security would be called to remove him unless he left on his own. With executive committee members Keyon Dooling and Adonal Foyle appearing uncomfortable – and NBPA president Derek Fisher refusing to use his authority to demand Garrity be allowed to speak over Hall's yelling – Garrity left the room, left the NBPA and never returned again. Fisher declined comment. Yahoo! Sports

The pursuit of the $7 million to $9 million bank investment didn't end in the February 2009 meeting when Garrity raised questions with Derek Fisher, union lawyers and several members of the executive committee in the room. Despite ISN Bank officials sending dire shareholder letters over these same months, Hunter stayed on course seeking an investment from the NBPA. Four months after Garrity confronted Hunter, the push for investment into the failing ISN Bank was still alive at an NBPA meeting in Las Vegas in late June 2009, sources said. The pursuit of ISN Bank eventually ended as ISN spiraled beyond revival in early 2010, sources said. The New Jersey Department of Banking and Insurance closed the bank in September 2010. The FDIC bailout of Interstate Net Bank cost taxpayers $23.9 million. Yahoo! Sports

May 3, 2011 Updates

Pat Garrity, who played ten seasons for the Phoenix Suns and the Orlando Magic, is set to complete his MBA at Duke University's Fuqua School of Business. Boston Celtic Shaquille O'Neal earned his MBA from the University of Phoenix while playing for the Miami Heat in 2005. Kittles currently works as an associate for Ledgemont Capital Group, a boutique merchant bank in New York City, and Garrity is set to work at a hedge fund in Connecticut after he graduates in May. fins.com

April 24, 2011 Updates

Magic F Pat Garrity has joined the Magic's TV team. Coach Stan Van Gundy spotted Garrity in his media scrum one day and said, "Garrity! You here again? I want to go to the school you're going to." Garrity is close to getting his MBA at Duke University Orlando Sentinel

November 28, 2010 Updates

Where's Pat Garrity? He's here on Thanksgiving leave as a student … at Duke. "I'm having a lot of fun and learning a lot," said Garrity, who took a break from his MBA studies in Durham, N.C., to attend Magic-Heat on Wednesday night. Garrity, who played nine seasons with the Magic, made enough money to retire. But after a year of basically hanging around the house, "I couldn't do it anymore." Garrity is only 34 and looks in terrific shape, but says his playing days are over — probably even his days of pick-up games. He played basketball recently and after being sore the morning after, he said, "I think I'll stick to riding the bike." Orlando Sentinel

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