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Orlando Magic ownership says team is not for sale

Apr 6, 2014, 9:30 PM EDT

orlando magic logo court

The Milwaukee Bucks may be nearing a sale of the team, but another Eastern Conference franchise chose to speak publicly to squash any rumors that their club may be similarly up for grabs.

The Orlando Magic have come up in rumors over the past year or so, with some believing that the 88-year old Rich DeVos would be interested in cashing in. But the family made it clear that at this point, there is no interest in selling.

From Josh Robbins of the Orlando Sentinel:

The DeVos family, which owns the Orlando Magic, has no plans or desire to sell the franchise, the team’s chairman, Dan DeVos, told the Orlando Sentinel on Sunday.

“As a family, the topic of selling the team has not come up,” DeVos wrote in an e-mail message. “In fact, we are enjoying the team more than ever. Especially my father. We are very excited about our focus on winning a NBA championship. The family is fully engaged and active with the team. All four generations.

“The Magic are not for sale.”

Even if the family’s patriarch is getting up there in age, there’s little reason that anyone with ownership in an NBA franchise should be looking to sell.

Not only are franchise values at an all-time high, with even a team like Milwaukee expected to go for north of half a million dollars, but there’s a new television rights deal on the horizon that will make every team in the league that much richer.

NBA franchises have done nothing but increase in value over time, so even if some teams can’t find a way to turn a profit (as was claimed in the latest collective bargaining agreement negotiations), it’s worth holding onto them as assets that continue to appreciate.

  1. legend30 - Apr 6, 2014 at 9:41 PM

    There’s needs to be a team in: Seattle, Pittsburgh and Baltimore. St. Louis and Kansas City are other teams that could use a team.

    • phaden27 - Apr 6, 2014 at 10:13 PM

      Vegas should have a team, but talent is spread thin as it is. If they added franchises in all these cities I get the feeling the NBA would start to be more like college basketball. We don’t need four Bucks/Sixers.

      • legend30 - Apr 6, 2014 at 11:35 PM

        Well teams like Orlando and Milwaukee can relocate.

    • phaden27 - Apr 6, 2014 at 11:39 PM

      Sure. Let the watering down and team stealing begin.

  2. valman61 - Apr 6, 2014 at 9:56 PM

    For half a million I’ll buy the bucks. Think u meant half a billion there bud

    • RavenzGunnerz - Apr 7, 2014 at 1:59 AM

      Nah, half million dollars.

      This is what I think the Bucks are worth anyways, but I would still negotiate for lower price.

  3. beach305 - Apr 6, 2014 at 10:12 PM

    The DeVos are the biggest hucksters. Selling worthless amway junk in a pyramid scheme to gullible people. They should be in jail.

  4. themagicfanguy - Apr 6, 2014 at 10:17 PM

    @beach Thanks for making it clear you have no idea what you’re talking about.

  5. alongthegulf - Apr 6, 2014 at 10:26 PM

    Since I have lived in Vegas. I believe Las Vegas will support an NBA team, but the area can’t be on the Strip. Las Vegans avoid the Strip like the plague! Maybe downtown or south of town toward Henderson. As long as it’s not the Magic, Mavs, or the Suns!

  6. bigdeuceuno - Apr 6, 2014 at 10:52 PM

    The Baltimore Bucks not bad I like the sound of that I think we ready to bring the NBA back to our city since we r building a new arena downtown could b a match made in heaven there is a rather large untapped market and NBA following here!
    The Baltimore Hustler’s sounds much better now that David Stern is out we should have a good chance to buy let us in !

  7. bigdeuceuno - Apr 6, 2014 at 11:09 PM

    I’m not sure but I think with all the legal gambling in Vegas that might b a conflict of interest players might b quick to throw games for bookies not sayn that doesn’t happen already shoot I would want to b an NBA star in Vegas they would not have to worry about free agents leaving them they would have all the top players wanting to play there forget a big 3 they would have a big 5 no question

    • eugenesaxe1 - Apr 7, 2014 at 12:02 AM

      The WNBA has a team that plays IN a casino.
      Vegas might have to take the NBA off its books, maybe just the Vegas team. I think they’d go for it.

      • phaden27 - Apr 7, 2014 at 5:50 PM

        You can gamble in other states too. It’s just more obvious in Vegas. Hell Cache Creel supports the Warriors building. The biggest issue is expanding and limiting the building of talent with all teams, or moving a Milwaukee or Orlando and pissing off fans by creating another Seattle/Charlotte situation.

  8. lastdukestreetking - Apr 7, 2014 at 8:44 AM

    @legend30 – Magic are early into a long term deal in a new arena. They’re not moving any time soon.

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