Skip to content

Former Nets’ owner Lewis Katz dies in plane crash

Jun 1, 2014, 11:07 AM EDT

New Jersey Nets owner Lewis Katz hoist the Trophy Getty Images

Lewis Katz, the owner of the New Jersey Nets during the Jason Kidd era when the team went to two consecutive NBA Finals, has died in a plane crash in Massachusetts.

Katz was best known recently as the owner of The Philadelphia Inquirer, The Daily News and philly.com — earlier this week he and H.F. “Gerry” Lenfest had spent $88 million to buy out their other partners in the media companies and take full control of the papers and online entities.

The Inquirer had details of the death.

All seven people were killed aboard the private aircraft that crashed at Hanscom Field and erupted into a fireball, authorities said Sunday.

The Gulfstream IV crashed about 9:40 p.m. Saturday as it was departing for Atlantic City International Airport in New Jersey, said Matthew Brelis, a spokesman for the Massachusetts Port Authority, which operates the air field.

Katz grew up in Camden, New Jersey, and went to Temple University in Philadelphia. He made most of his money first investing in the large Kinney Parking empire then investing in the Yankees Entertainment and Sports Network (YES Network) in New York, which to this day still carries the Nets games.

Katz bought the Nets in 1998 for what is believed to be $150 million and he owned the team for six seasons — but those were the best six seasons in Nets history. Well, it didn’t start out that way, the first year he owned the team the Nets won 16 games (in the strike-shortened 50 game season) and fired John Calipari after a 3-17 start. That Nets team was led by a young Stephon Marbury and Keith Van Horn. With much the same roster they won 34 then 26 games the next two seasons.

But then came Jason Kidd, Kenyon Martin and 52 wins and a trip to the Finals. The Nets equaled that the next season — but in both finals they ran into the Shaquille O’Neal/Kobe Bryant Lakers.

In 2004, Katz sold the Nets to Bruce Rattner — the man with the dream and plan to move the team to Brooklyn — for $300 million.

Our thoughts are with the family and friends of Katz.

Latest Posts
  1. Chris Bosh makes it official, signs five-year, $118 million deal with Miami

    Jul 30, 2014, 10:30 PM EDT

    San Antonio Spurs v Miami Heat - Game 6 Getty Images

    “His unique skill set makes him one of the best players in the game today.” —Pat Riley on Chris Bosh, who still is overpaid.

  2. Pat Riley says he didn’t think LeBron was leaving, Heat can turn around quickly

    Jul 30, 2014, 8:59 PM EDT

    Pat Riley Pat Riley

    Pat Riley got beat in free agency, and he doesn’t take losing well.

  3. Magic Johnson: Jerry Buss wanted Byron Scott to coach the Lakers

    Jul 30, 2014, 8:00 PM EDT

    Los Angeles Lakers Introduce Byron Scott Getty Images

    Scott, not Mike Brown, would have followed Phil Jackson

  4. Coach K on Rose: “Derrick’s played great, not good, and hasn’t held anything back”

    Jul 30, 2014, 6:59 PM EDT

    “He’s playing out of his mind. He’s being Derrick Rose.” —Anthony Davis on Rose.

  5. Report: Longtime referee Dick Bavetta retiring

    Jul 30, 2014, 6:05 PM EDT

    Dick Bavetta Dick Bavetta

    NBA reportedly wanted Bavetta to retire four years ago

  6. Report: Lakers work out Michael Beasley

    Jul 30, 2014, 5:17 PM EDT

    Milwaukee Bucks v Miami Heat Getty Images

    The elicits a shrug of the shoulders. Not much else.

  7. Kevin Durant anoints Anthony Davis MVP-in-waiting

    Jul 30, 2014, 4:29 PM EDT

    Anthony Davis, Kevin Durant Anthony Davis, Kevin Durant

    Thunder star texted Davis after winning the award last season: ‘You on your way to get it’

  8. Notes from Team USA Camp in Las Vegas: Nobody is a fan of the FIBA balls

    Jul 30, 2014, 2:59 PM EDT

    Kevin Durant, Chandler Parsons AP

    “Guys that don’t have a reputation for playing hard defense are picking up full court.” —Damian Lillard on the level of play at Team USA training camp.

  9. Mavericks may consider signing Rashard Lewis after his knee surgery

    Jul 30, 2014, 2:19 PM EDT

    Rashard Lewis Rashard Lewis

    Dallas originally signed Lewis, but voided his contract once it was discovered he would require knee surgery.

  10. Knicks legend Earl Monroe sees New York finishing top four in the East ‘easily’

    Jul 30, 2014, 1:34 PM EDT

    Earl Monroe Earl Monroe

    Cleveland, Chicago, Indiana, Miami, Toronto and Washington all simply shake their heads.

  11. Report: Metta World Peace nearing deal to play in China next season

    Jul 30, 2014, 12:47 PM EDT

    New York Knicks vs Los Angeles Clippers Getty Images

    World Peace hasn’t drawn legitimate interest from NBA teams, so he’s considering playing overseas.

  12. Report: Anthony Bennett pulled from pro-am by agent, possibly due to his inclusion in Kevin Love trade talks

    Jul 30, 2014, 11:14 AM EDT

    Anthony Bennett Anthony Bennett

    Just like Love, Bennett is not going to be playing in any games this summer until a deal is done.

  13. Report: Sixers fighting against immediate changes to NBA Draft Lottery system

    Jul 30, 2014, 10:32 AM EDT

    Sam Hinkie, Nerlens Noel AP

    Sixers put a multi-year plan together based on current rules, which would be adversely affected with a quick change to the system.

  14. Team USA going small ball, but how many bigs do they keep on the bench?

    Jul 30, 2014, 8:40 AM EDT

    Mike Krzyzewski Mike Krzyzewski

    “Everyone talks about match-ups (with big teams such as Spain), people have to match-up against us, too.” — USA Basketball coach Mike Krzyzewski

  15. Report: LeBron James more popular than he ever was with the Heat

    Jul 30, 2014, 8:00 AM EDT

    LeBron still not as popular as prior to The Decision, though. It’s only a matter of time until he is.

  16. Dion Waiters explains tweet saying he wouldn’t accept bench role

    Jul 30, 2014, 1:30 AM EDT

    2013 Cleveland Cavaliers Media Day 2013 Cleveland Cavaliers Media Day

    Cavaliers guard says initial response stemmed from his straightforward approach, confidence

Featured video

Why can't Lakers have a player-coach?
Top 10 NBA Player Searches
  1. T. Warren (5051)
  2. L. James (4653)
  3. K. Love (3946)
  4. D. Rose (3694)
  5. R. Allen (3289)
  1. C. Anthony (3098)
  2. J. Nelson (3093)
  3. K. Bryant (2967)
  4. A. Aminu (2192)
  5. B. Griffin (2183)