HoopsHype Michael Heisley rumors

April 28, 2014 Updates

Dallas Mavericks owner Mark Cuban sent his regards after learning of the death of former Memphis Grizzlies owner Michael Heisley. "I miss Michael,'' Cuban said. "He was incredibly supportive of me.'' Heisley died Saturday at the age of 77 from complications of a stroke he had last year. Heisley and Cuban had formed a special friendship all the way back to when they both officially collected their NBA ownership papers in New York during a ceremony held on Apr. 11, 2000. "He made basketball in Memphis work,'' Cuban said. "He did so many things for people without anyone ever knowing. "He was a special man and will be missed by all that knew him.'' Fort Worth Star-Telegram

April 27, 2014 Updates

Michael Heisley, the billionaire businessman who bought the Vancouver Grizzlies and moved the NBA team to Memphis, died Saturday. He was 77. The Grizzlies said Saturday night that a family member confirmed Heisley's death. The Commercial Appeal reported that Heisley died in Illinois of complications from a massive stroke he suffered nearly 15 months ago. Heisley sold the team to Robert Pera before the start of the 2012-13 season. ESPN.com

NBA commissioner Adam Silver addressed Heisley's death before the game. "Michael was responsible for moving the Grizzlies from Vancouver to Memphis and really for getting (FedExForum, the Grizzlies' home arena) built as well as a longtime friend of the league," Silver said. "He was a wonderful owner, a terrific friend, and I want to send my deepest condolences to his wife, Agnes, to his children and all his friends." Heisley was instrumental in getting the Grizzlies active in the community, forming the Memphis Grizzlies Charitable Foundation to St. Jude Children's Research Hospital. Among its projects, the foundation helped build the Memphis Grizzlies House, a temporary on-campus residence for families with children being treated at the hospital, according to the media guide. ESPN.com

April 26, 2014 Updates
December 12, 2013 Updates

Most Griz fans probably are not familiar with Dave Mincberg. He began the ownership/management transition -- alongside former agents Jason Levien and Stu Lash, and ESPN writer John Hollinger -- as the team’s lead attorney much like Stan Meadows was to former owner Michael Heisley. Now, there are rumblings that Mincberg’s role has been greatly reduced as Levien deals with his first internal snag. I’m hearing that Mincberg ruffled feathers with his unwanted ambition that included a desire to effectively become the team’s general manager. Memphis Commercial Appeal

May 31, 2013 Updates
May 28, 2013 Updates
May 3, 2013 Updates
April 2, 2013 Updates

Kohl, who purchased the Bucks in 1985 from Jim Fitzgerald for approximately $19 million, is apparently still receptive to bringing on an additional business partner. The possibility of the 76-year-old Heisley re-entering the Bucks’ picture is highly unlikely. Heisley suffered a debilitating stroke in February and remains in a Chicago-area hospital. I’ve been told he’s been in a coma for more than a month and the prospects of a recovery are extremely bleak. Racine Journal-Times

February 24, 2013 Updates

Former Memphis Grizzlies owner Michael Heisley is hospitalized in a Chicago-area hospital after recently suffering a stroke. Heisley was stricken last weekend soon after returning home from Houston, where he attended the NBA All-Star game. “The family appreciates all the thoughts and prayers,” Heisley’s wife, Agnes, said Saturday in a statement that requested respect for the family’s privacy. Memphis Commercial Appeal

“I’m speechless. This really bothers me,” said All-Star forward Zach Randolph, who visited with Heisley in Houston. “He’s a good guy and a man of his word. He took care of us and believed in us. I’m praying for him.” Griz coach Lionel Hollins broke the news to the team Saturday afternoon after a practice in FedExForum. The Griz then left to board a flight for Brooklyn, where they will play the Nets on Sunday night in the new Barclays Center. “It’s sad,” Hollins said. “I send my prayers out to the family. Mike Heisley has been good to me. It’s sad to see this happen and for him to be in this situation. We’ll continue to pray for him and wish him a speedy recovery.” Memphis Commercial Appeal

February 20, 2013 Updates

Yet while it has been reported that Gay was happy to get out of Memphis, he said both that and the idea that he definitely wouldn't re-sign with the Grizzlies wasn't true. "It was a total shock to me," he said of the trade. "I never went to any of (the new management) and told them that I wanted to be traded. I've never done that. The summer before, I did. I said this team has a chance to be a competitor in the West, and we're going to be good, but if you plan on doing anything – this is the summer before – I said I want to express to you that I may be wanting to move on. "And this was with Chris Wallace (the general manager who remains but who is no longer involved like he was under former owner Michael Heisley) … I wanted to see it through, because we started so well. We were playing so great as a team, it kind of made me feel like this is it. This could be the chance for us. There's not too many times when you can build a team like that. Obviously financial stuff goes on, but when you build a team like that you have to see it through." USA Today Sports

January 18, 2013 Updates

Word is interest in buying the Wolves is as high as ever. One potential buyer is former Grizzlies owner Michael Heisley. Multiple sources insist that he's kicking the tires. Before any transaction occurs, the Target Center renovation plans need to be finalized. The Wolves and Minneapolis officials were scheduled to meet on Wednesday. 1500 ESPN

January 17, 2013 Updates

Former Memphis Grizzlies owner Michael Heisley remains intrigued by the idea of one day owning an NBA team again. "I have expressed some interest, maybe, of getting back in the league, depending on the situation. Obviously, that's important," Heisley told USA TODAY Sports Thursday. "Yeah, I would be interested in getting back. Right now, I don't have any ongoing, definitive conversations with anybody who might be currently selling their team. "At least some people around the NBA know I am interested. (NBA Commissioner) David Stern called me and asked if that was the case, and told him, 'Yeah.' " USA Today Sports

January 8, 2013 Updates

But the chatter among NBA insiders has intensified in recent months with many believing Kohl could sell the team outright or bring on board a partner who would eventually become the Bucks’ primary owner. One well connected individual who has his finger on the pulse of the Bucks’ ownership situation insisted just a few weeks ago that Kohl would sell his NBA franchise, which he has owned since March 1985, to Michael Heisley, a billionaire from Chicago. Racine Journal-Times

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