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.
Oct 1, 2014, 8:00 AM EDT
Jackson is out for the season due to injury, but will be getting a nice payday from Philadelphia nonetheless.
Oct 1, 2014, 12:06 AM EDT
New floor should be in place for the start of the 2014-15 season.
Sep 30, 2014, 10:51 PM EDT
Professional sports franchises are businesses above all else, and typically would rather avoid politics.
Sep 30, 2014, 9:44 PM EDT
Sep 30, 2014, 8:15 PM EDT
Everyone wants to derail the 76ers’ plan
Sep 30, 2014, 7:20 PM EDT
I don’t know whether this helps Kentucky’s players. It opens Calipari’s options, though.
Sep 30, 2014, 6:28 PM EDT
Now we know what show promos TNT is going to beat us over the head with during the next playoffs.
Sep 30, 2014, 5:44 PM EDT
Expectations are reduced, but Miami still has the chance to be pretty a pretty good team — even without LeBron James.
Sep 30, 2014, 4:59 PM EDT
Sep 30, 2014, 4:20 PM EDT
John Wall fires back: ‘They haven’t seen a playoff game yet. When they make one they can start talking.’
Sep 30, 2014, 3:40 PM EDT
Thunder center has a new, um intense, loook
Sep 30, 2014, 2:59 PM EDT
Mike Miller being amnestied may have been the first domino to fall in LeBron bolting.
Sep 30, 2014, 2:20 PM EDT
Sep 30, 2014, 1:40 PM EDT
Is Melo even a superstar?
Sep 30, 2014, 12:59 PM EDT
LeBron could miss Cavaliers’ practice tonight
Sep 30, 2014, 12:57 PM EDT
The NBA is just more fun with Swaggy P in it.
Sep 30, 2014, 12:26 PM EDT
It does — at least Kobe’s
Sep 30, 2014, 11:40 AM EDT
Manning leads by detailed preparation and then an ability to read a defense, a good example for any point guard.
Sep 30, 2014, 11:00 AM EDT
GM Ainge hints he’d offer the max to Rondo next summer.
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