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The Pera-led group closed on the $377 million purchase of the franchise from Michael Heisley late last month. A source told The Commercial Appeal Monday night that the group used $125 million available to NBA teams through the league's credit facility and another $50 million in bank financing to close the deal. But that's nothing new in the NBA. Nineteen of the league's 30 teams use the league's $2.3 billion credit facility, and many use it to the $125 million per-franchise maximum. The facility is a pool of money banks provide through the league and offer at lower rates because of the NBA's credit worthiness and other guaranteed future revenue factors such as its long-term television deal. Memphis Commercial Appeal

Memphis Grizzlies, Michael Heisley, Robert Pera 

Franchises are also allowed up to $50 million in financing provided outside of the NBA's facility. The financing is a significant chunk of the purchase, but it isn't known precisely how the rest of the equity is divvied up since Pera's group has said it would not disclose ownership percentages. As controlling owner and chairman, Pera is the largest shareholder. Sources told The Commercial Appeal last month that Pera will own less than 50 percent of the franchise; league rules require controlling owners to own at least 15 percent. Twenty-four people or entities are listed as partners. Memphis Commercial Appeal

Memphis Grizzlies, Michael Heisley, Robert Pera 

Hollins first met Griz chairman Robert Pera Monday night before the 103-94 win over Utah. CEO Jason Levien had lunch with Hollins Sunday, and now they are in the get-to-know-you stage. Levien said he "walked away so impressed, which is hard not to be." Hollins understands that there is a process to advance toward possible contract negotiations. "I didn't get to know (former owner) Mike Heisley in a day," Hollins said. "(Jason) is a nice guy. He's a smart guy and I enjoyed our conversation." Memphis Commercial Appeal

Memphis Grizzlies, Jason Levien, Coaching, Lionel Hollins, Robert Pera 

Marc Gasol: Welcome to Robert Pera to our family and the city of Memphis. Blue collar team in a blue collar city! #OneTeamOneGoal Twitter @MarcGasol

Memphis Grizzlies, Marc Gasol, Robert Pera 

Grizzlies coach Lionel Hollins met with new team CEO Jason Levien Sunday afternoon and agreed with the outcome. "We'll get to know each other over time. I didn't get to know Mike Heisley in a day," Hollins said before the Griz tipped off against the Utah Jazz for the home opener in FedExForum. "(Jason) is a nice guy. He's a smart guy and I enjoyed our conversation." Memphis Commercial Appeal

Memphis Grizzlies, Coaching, Lionel Hollins, Robert Pera 

Pera said he wants to make FedExForum the most technologically advanced arena in the country. He said he wants to use advanced analytics to evaluate players, like the sort used in "Moneyball." He said he wants to build a player-centric culture in Memphis, so players will think of Memphis as a destination. And, yes, at this last one, I rolled my eyes, too. But that's the thing about youth. It tends to dream big. That's supposed to be a good thing, isn't it? Besides, Pera doesn't come across as rash and impulsive, but thoughtful and deliberate. He picked Levien to essentially run the franchise, on the business and basketball sides. The two of them won't make any decisions about Chris Wallace, Greg Campbell or Lionel Hollins until they have a chance to see how the team operates. "We were focused on closing the deal," he said. "We want to learn more." Memphis Commercial Appeal

Memphis Grizzlies, Chris Wallace, Lionel Hollins, Robert Pera 

Jason Levien remembers the first time he played basketball with Robert Pera. They were in Taiwan. They decided to go to opposite ends of the court to warm up. "I look down there, and he's throwing it down," said Levien. Yes, Memphians. Your new Grizzlies owner can dunk. He's 6-3 and can get off the deck. He looks like he could be starting at forward for Rhodes or CBU. Now he's sitting in a luxury box in FedExForum, talking about his plans for his new NBA team. Someone asks him if he's met any of the Grizzlies players yet. "I met some, when we came here in March," he said. "But they might have thought I was Heisley's grandson." Memphis Commercial Appeal

Memphis Grizzlies, Jason Levien, Robert Pera 

Memphis Grizzlies Chairman Robert Pera announced today that he has named seasoned sports executive Jason Levien as the new Chief Executive Officer and Managing Partner of Memphis Basketball, LLC, which operates the Memphis Grizzlies and FedExForum. In this role, Levien will have leadership responsibility for the entire organization; serve as the ownership group's Managing Partner and as an Alternate NBA Governor. “Jason and I share a vision for building a world-class team on and off-the-court,” Grizzlies Chairman Robert Pera said. “He has my complete trust, confidence and support in how best to lead our organization's efforts." Sulia

Memphis Grizzlies, Jason Levien, Chris Wallace, Robert Pera 

Levien will serve as CEO of Memphis Basketball LLC -- an entity that owns the Grizzlies and will operate FedExForum. Levien is expected to supplant general manager Chris Wallace as the primary decision maker for basketball decisions. "We haven't decided anything," Levien said Sunday in an interview with The Commercial Appeal. "We want to be thoughtful about it and respectful about it. We want to do what's best for the organization." Memphis Commercial Appeal

Memphis Grizzlies, Jason Levien, Chris Wallace, Robert Pera 

Wallace's role with the team has not been determined. Memphis Commercial Appeal

Memphis Grizzlies, Jason Levien, Chris Wallace, Robert Pera 

Among the highlights from the 45-minute interview with Pera and Levien: -- The group will get to know coach Lionel Hollins, who is in the final year of his contract, before acting on his future. Levien, the CEO and managing partner, will be over general manager Chris Wallace, and his exact role has not been determined. Memphis Commercial Appeal

Memphis Grizzlies, Jason Levien, Chris Wallace, Lionel Hollins, Robert Pera 

Geoff Calkins: Jason Levien said that "from 30,000 feet," he admires work of Lionel Hollins. Some nights, I wish I were asking questions from there. Twitter @geoff_calkins

Memphis Grizzlies, Jason Levien, Chris Wallace, Lionel Hollins, Robert Pera 

Robert Pera saw how others handled their wealth once they become successful, spending it on new cars or multimillion dollar homes. Those things weren't for him. "For me, I just really like working," Pera said Sunday, in his first public comments since agreeing earlier this year to buy the Memphis Grizzlies. "And those things don't interest me that much. But being involved in the NBA, and potentially owning a team, that was a dream. Once I got to a position where that seemed possible, I started the process." Memphis Commercial Appeal

Memphis Grizzlies, Jason Levien, Chris Wallace, Robert Pera 

Pera, who wore jeans, Nikes and a hooded sweatshirt, said he looked at several teams before deciding to purchase the Griz. He and Levien visited Memphis on March 27, when the Griz played the Timberwolves, and Pera said he sensed the "energy" and the team's meaning to the city. That helped sell him not just on the team, but on its potential to make more of a connection, he said. Memphis Commercial Appeal

Memphis Grizzlies, Jason Levien, Chris Wallace, Robert Pera 

Geoff Calkins: Pera will buy a place in Memphis, not sure where. Didn't seem like he'll be at all that many games. "As many as possible." Twitter @geoff_calkins

Memphis Grizzlies, Jason Levien, Chris Wallace, Robert Pera 

Pera respects Dallas Mavericks owner Mark Cuban, but doesn't necessarily think he'll duplicate his showmanship. "I have a passion for marketing and branding, but I'm OK if I'm behind the scenes," Pera said. "I'll work on it, but I want to push Memphis, the team, the community and empower Jason to make the decision." Memphis Commercial Appeal

Dallas Mavericks, Memphis Grizzlies, Mark Cuban, Robert Pera 

Geoff Calkins: Pera never worried about deal cratering, despite Ubiquiti stock price. Said year was hard, because he was new at running public company. Twitter @geoff_calkins

Memphis Grizzlies, Robert Pera 

Geoff Calkins: Asked about criticism that he can't do a good job with NBA team and Ubiquiti, Pera said NBA takes less time than a wife and kids. Twitter @geoff_calkins

Memphis Grizzlies, Robert Pera 

New Memphis Grizzlies owner Robert Pera will announce on Monday that Philadelphia 76ers minority shareholder Jason Levien is joining the Grizzlies as the club's new CEO and managing partner, according to sources familiar with Pera's thinking. ESPN.com

Memphis Grizzlies, Philadelphia 76ers, Jason Levien, Robert Pera 

Sources told ESPN.com that Levien, who recently sold his stake in the Sixers to join Pera's ownership group, will take charge of basketball operations as well as the Grizzlies' business department. That means the former NBA agent and front-office executive with the Sacramento Kings, sources say, will have the ultimate say on personnel and on-court matters, overseeing Grizzlies general manager Chris Wallace and coach Lionel Hollins. Hollins is in the final year of his contract after back-to-back trips to the playoffs. ESPN.com

Memphis Grizzlies, Philadelphia 76ers, Jason Levien, Chris Wallace, Lionel Hollins, Robert Pera