Hall of Fame center Yao Ming ended any speculation that he could be a part of a group that would seek to purchase the Rockets on Friday, issuing a statement through the Xinhua news agency saying his efforts will be devoted to his new position with the China Basketball Association.
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Tad Brown: I can confirm that @Daryl Morey will not be part of a group buying the @HoustonRockets, nor will I or any member of the current team. We are solely focused on finding the best buyer for Mr. Alexander, the City of Houston, and Rockets fans all over the world.
Peter Vecsey: Rockets GM Daryl Morey has put together a group (join the crowd) to buy the team Patreon.com/petervecsey
Hall of Fame center Dikembe Mutombo, who played the final five years of his career with the Houston Rockets and retired in 2009, said he is working on putting a group together that he hopes will try and buy the Rockets franchise. Owner Leslie Alexander put the Rockets on the market on Monday.
“I’m working on it,” Mutombo said in an interview with FOX 26 Sports. “I’m talking to a lot of people already since (Monday). We’ll see. “I’m just talking to the people who can cut the check and they can make me be part of it. I’m working on that.”
Mutombo said the people he is speaking with are receptive to the idea of attempting to purchase the Rockets franchise. “A lot of people think it’s a great thing,” Mutombo said. “It’s a great opportunity. “Now it’s just a question of the number,” he said laughing. “There’s going to be a lot of discussion and a lot of cash. “I missed my opportunity two years ago with the Atlanta Hawks.”
Hall of Fame center Dikembe Mutombo, who played the final five years of his career with the Houston Rockets and retired in 2009, said he is working on putting a group together that he hopes will try and buy the Rockets franchise. Owner Leslie Alexander put the Rockets on the market on Monday. “I’m working on it,” Mutombo said in an interview with FOX 26 Sports. “I’m talking to a lot of people already since (Monday). We’ll see. “I’m just talking to the people who can cut the check and they can make me be part of it. I’m working on that.”
Mark Berman: Hall of Fame center Dikembe Mutombo (@officialmutombo) trying put together group that will try & buy the #Rockets: “I’m working on it.” pic.twitter.com/QUtnn4Du3G
Houston billionaire Tilman Fertitta said Monday he has an interest in purchasing the Rockets. “I definitely have an interest,” Fertitta, the Landry’s restaurants founder and CEO and gambling mogul, said. “Just hope it doesn’t go for crazy numbers. I’ve never really wanted to own a professional team outside of Houston. Houston is my hometown and the place I would prefer to own a professional team.”
The Houston Rockets are for sale, and KHOU 11 Sports has already identified one potential buyer. Team CEO Tad Brown confirmed the news Monday and said Alexander is committed to selling the team to someone who will keep it in Houston. Local billionaire businessman Tilman Fertitta told KHOU 11 Sports’ Matt Musil, “Of course I’m interested,” and owning the team is “a great opportunity.”
Madelyn Burke: Leslie Alexander bought the #Rockets for $85 Million in 1993. Forbes valued the team in February 2017 at $1.65 Billion twitter.com/Jonathan_Feige…
Today, Houston Rockets Chief Executive Officer Tad Brown announced owner Leslie Alexander’s intentions to sell the franchise. Alexander has placed Brown in charge of coordinating the sales process in conjunction with the NBA league office.
It’s been my great joy and honor to own the Houston Rockets for the past 24 years,” said Alexander. “I’ve had the incredible opportunity to witness true greatness through the players and coaches who have won championships for the city, been named to All-Star and All-NBA teams, enshrined in the Basketball Hall of Fame, and done so much for our franchise and our fans.”
Leslie Alexander: I’ve made this decision after much deliberation with my family and friends, and do so knowing the franchise is in great shape with the players, coaches and management team in place. CEO Tad Brown will oversee the sales process with the league office, supported by my management team.”
Jenny Dial Creech: This is a crazy announcement for sure. Les Alexander is everyone’s favorite Houston sports owner right now. Tough to replace.
Micah Adams: Adjusted for inflation, Alexander bought Rockets for $144M. If it sells for $2.9B (plausible), he’ll have a 20-fold return on investment.
Adam Wexler: . @tadbbrown say the group is committed to finding a buyer that will keep the #Rockets in Houston. Rockets announced the team is for sale.
Jonathan Feigen: Tad Brown said the timetable is “sooner than later” but said no rush because management team is in place.
Jonathan Feigen: Though Alexander brought it up previously, Brown said he was very surprised with the ultimate decision. He will handle the sale.
Adam Wexler: #Rockets pres & CEO @tadbbrown on Les’s decision to sell team: “I think recently he can sense, he’s just been tired…it’s been a grind.”
Mark Berman: CEO Tad Brown says owner Leslie Alexander’s decision to sell the #Rockets franchise has nothing to do w/his health. Brown says Leslie is fine
Jenny Dial Creech: Brown said he has talked to Harden, Chris Paul, Mike D’Antoni so far.
Zach Lowe: People have been wondering which owner/group would cash out first after dramatic rise in team valuations over past 5-6 years.
Zach Lowe: Don’t remember last time franchise being for sale shocked the league. Usually rumors/reports well in advance. This came at press conference!
Jonathan Feigen: Forbes in February put a valuation on the Rockets at $1.65 billion. Alexander bought the team in 1993 for $85 million.
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July 25, 2017 | 6:31 pm EDT Update
The Brooklyn Nets have acquired guard/forward Allen Crabbe from the Portland Trail Blazers in exchange for forward Andrew Nicholson. Crabbe joins the Nets after spending the first four seasons of his NBA career with Portland. In 226 games (24 starts), the 25-year-old Crabbe has registered averages of 8.3 points, 2.3 rebounds and 1.1 assists in 22.8 minutes per game while shooting 45.6 percent from the field, 41.1 percent from 3-point range and 84.8 percent from the free-throw line.
Houston Rockets General Manager Daryl Morey announced today that the team has re-signed forward Troy Williams. Terms of the deal were not disclosed. The Rockets originally signed Williams to a 10-day contract on March 10, before securing him for the remainder of 2016-17. In six games with three starts as a Rocket, Williams averaged 9.7 points and 4.0 rebounds while shooting 50.0% from the floor and 38.1% from 3-point range. He had a career-high 21 points while shooting 6-of-9 from behind-the-arc in his Rockets debut at Phoenix on April 2.
The drama between LeBron James and Kyrie Irving appears headed to an ugly breakup, and in this age of social media, a breakup isn’t official until the “unfollow” button is clicked. On Tuesday, NBA fans took notice to the fact that Kyrie Irving isn’t following LeBron James on Instagram. While it’s impossible to tell if Irving unfollowed LeBron without an earlier screenshot, it’s definitely suspect as Irving follows his other Cavaliers teammates.