Feb 26, 2013, 7:30 PM EDT
Sorry Lakers fans, this does not mean the Jazz “owe you one” and will tank so you can make the playoffs.
But in all the tributes and stories that poured in about the Lakers late owner Jerry Buss in recent weeks, this was one of the more interesting.
Back in 1985 then owner Sam Batiste was looking to sell the team and about 20 people lined up to buy half of the Jazz. Larry Miller, a Salt Lake City guy, was one of them and his plan was to keep the Jazz in SLC. Which is what Battistone wanted, so he picked him, Larry Miller wrote in his autobiography.
Miller had to give a presentation to the other owners before the sale was voted on (as will happen with the Sacramento/Seattle situation in April). Steve Luhm of the Salt Lake Tribune does a great job telling the story from there.
When Miller began his presentation, San Antonio’s Angelo Drossos quickly emerged as a skeptic.
Miller wrote: “… I laid out my financial statements showing earnings and equity and the debt structures of my business. Angelo, for some reason, took the lead in the meeting.”
Drossos started questioning Miller, often interrupting before he could finish his response….
After the fifth interruption, Buss, who I had never met, interrupted Angelo,” Miller recalled. “He said, ‘Angelo, why don’t you shut up and let him answer a question?’ “
Then, Buss “started asking questions that led to a discussion of my numbers. … Within half an hour, Jerry said, ‘I’m satisfied. Let’s go with him.’ “
And Miller got the team, the Jazz stayed in Utah and became one of the best teams in the West in the 1990s with John Stockton and Karl Malone (it was just not a great era to be the best team in the West).
It’s a great story and kind of shows you the business side of Buss — he always had a sense of what was good for the league.
Apr 16, 2014, 6:15 PM EDT
Kohl is going to pitch in $100 million to get a new arena built in Milwaukee.
Apr 16, 2014, 5:15 PM EDT
Teams will like his speed, but he’s destined for a second round pick.
Apr 16, 2014, 4:29 PM EDT
While the Lakers end their dreary season Kobe Bryant is already on vacation.
Apr 16, 2014, 3:46 PM EDT
Clippers forward: ‘It doesn’t really affect me, but so many guys would probably benefit’
Apr 16, 2014, 2:49 PM EDT
The Spurs have crushed the Grizzlies and Mavericks this season, so those teams are motivated to avoid a trip to the Riverwalk to start the postseason.
Apr 16, 2014, 2:14 PM EDT
First team nearly a clean sweep, but one top teamer didn’t even make other two ballots
Apr 16, 2014, 2:03 PM EDT
NBA could still rescind the technical
Apr 16, 2014, 1:32 PM EDT
New research delivers answer
Apr 16, 2014, 12:57 PM EDT
New York based hedge fund billionaires Marc Lasry and Wes Edens are buying the team but keeping it in Wisconsin, they just need to get a new arena built.
Apr 16, 2014, 12:50 PM EDT
Two very different candidates signify wide search
Apr 16, 2014, 12:22 PM EDT
Knicks center knows, though, he might have no choice
Apr 16, 2014, 11:46 AM EDT
You can’t do enough Animal House references to make me happy.
Apr 16, 2014, 11:09 AM EDT
Duo leaves Michigan after their sophomore years
Apr 16, 2014, 9:55 AM EDT
How many years feature three of the best records in a franchise’s history?
Apr 16, 2014, 9:22 AM EDT
Bulls give Greg Smith, Ronnie Brewer, Lou Amnundson and Mike James multi-year contracts
Apr 16, 2014, 8:45 AM EDT
Nothing like waiting until the last minute to figure things out.
Apr 16, 2014, 8:00 AM EDT
Nine combined spots on the ballot go to eight different players, and none of our winners made the other two’s top three
Apr 16, 2014, 2:42 AM EDT
Chris Paul and J.J. Redick look good as Clippers ready for playoffs.
Apr 16, 2014, 12:40 AM EDT
Poor Evan Fournier is on the wrong end of a highlight that’s going to get shown a lot for a few days. At least.
Apr 15, 2014, 11:46 PM EDT
Video of one player executing a crossover that drops another player to the floor — you know you’re watching.
- Report: Sale of Milwaukee Bucks for record $550 million agreed upon, team to stay in Milwaukee 32
- Playoff Chase: Seven meaningful games on final night of NBA season 14
- 2014 PBT Awards: Most Improved Player 20
- Tuesday NBA grades: Chris Paul looks playoff ready 1
- Carmelo Anthony has torn labrum, Knicks shut him down for season 14