Tilman Fertitta Rumors
The Rockets’ agreement with Daryl Morey, Tad Brown and others that were part of sale when the team was sold to Tillman Fertitta in 2017 gave five-year guaranteed contract extensions in which they will get paid by the Rockets, even after taking positions with other organizations, a person with knowledge of the agreements said. That could have worked to provide incentives to leave the team during that five-year period.
Fertitta Entertainment Inc, owned by billionaire Tilman Fertitta, said on Wednesday it has expanded its agreement to go public with blank-check company FAST Acquisition Corp to include a few hospitality and restaurant entities. Steakhouse chain Vic and Anthony’s, restaurant chains Catch and Mastro’s, hospitality group Pleasure Pier, and a handful of smaller restaurant concepts will be added to the merger deal, the company said.
You mentioned Tilman — how has this period been for him? When he bought the team, the Rockets were gunning for the Finals. How have you helped him with the transition and with expectations? Rafael Stone: I have truly enjoyed my relationship with Tilman because from the start I think our expectations of one another have been clear and have been met. His part of the deal (which he has for sure lived up to) is he has and will provide whatever resources we need to build a championship organization and team. I think the single biggest part of my piece is understanding and being honest with Tillman about how good we are presently, and how good we can be in the future, near and long term. And I’ve done my very best to do that all throughout the year.
Cayleigh Griffin: The #Rockets have announced that Gretchen Sheirr will replace Tad Brown as President of Business Operations. She has spent the last 20 years with the organization. pic.twitter.com/eBNy7hLjBL
“First, I’d like to thank Tilman, Patrick, and the entire Fertitta Family for their guidance and support, and of course, their trust to help steward the Rockets brand for the city of the Houston,” said Sheirr. “To have this opportunity, in your hometown, for your childhood team, is a dream come true.” “As soon as I began working with Gretchen, I was immediately impressed by her knowledge, her innovation and her leadership,” said Fertitta. “With Gretchen having been part of the Houston Rockets success for two decades, I couldn’t be more excited to see her get this opportunity. Her work ethic, attention to detail and passion for the Rockets gives me great confidence in her ability to perform at the highest level.”
As his team wraps up the regular season with the NBA’s worst record, Houston Rockets owner Tilman Fertitta emphasized his excitement about the franchise’s future, declaring confidence in the leadership the team has in place after a year of extreme turnover. “I never thought I could feel this good after winning only 16 games,” Fertitta told ESPN, specifically citing the emergence of a young core in Houston and his faith in Rockets rookie head coach Stephen Silas and first-year general manager Rafael Stone.