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. Ricky Rubio is confident Timberwolves not looking to trade him

    Sep 3, 2015, 5:09 PM EDT

    Minnesota Timberwolves v Sacramento Kings Getty Images

    The trade speculation around him is not based in reality.

  2. Report: Kings signing Eric Moreland

    Sep 3, 2015, 4:14 PM EDT

    Moreland was reportedly considering Pistons and Lakers

  3. Report: J.R. Smith’s 2015-16 salary becomes fully guaranteed Monday

    Sep 3, 2015, 2:21 PM EDT

    LeBron James, Shaun Livingston, Harrison Barnes AP

    Cavaliers craft unusual contract to give Smith a partial guarantee next season

  4. Doc Rivers says Paul Pierce chose Clippers over Celtics this summer

    Sep 3, 2015, 8:00 AM EDT

    Boston Celtics forward Paul Pierce reacts to a call by the officials in Boston Reuters

    He will be remembered as a Celtic, but Los Angeles is his hometown.

  5. It’s official: J.R. Smith re-signs with Cavaliers

    Sep 2, 2015, 10:30 PM EDT

    J.R. Smith J.R. Smith

    He’s making $1.5 million less than if he opted in this season, but he does have another year.

  6. Brad Stevens hints he will explore taller, more traditional lineups

    Sep 2, 2015, 9:30 PM EDT

    Brad Stevens AP

    With the additions to the Celtics’ roster, this is the smart play.

  7. Report: Free agent Glen Davis to have ankle surgery, out 2-3 months

    Sep 2, 2015, 8:31 PM EDT

    Glen Davis Glen Davis

    He could be back on the court around Thanksgiving, if a team picks him up.

  8. Dwight Howard tried to take loaded gun through airport security, will not face charges

    Sep 2, 2015, 6:31 PM EDT

    Houston Rockets v Golden State Warriors - Game Five Getty Images

    Don’t bring a loaded Glock to an airport, people. It’s pretty much common sense.

  9. Report: Clippers planning a mascot

    Sep 2, 2015, 4:13 PM EDT

    Los Angeles Clippers v Utah Jazz Getty Images

    It won’t be called Seagull Kneivel

Top 10 NBA Player Searches
  1. D. Rose (2525)
  2. K. Irving (2205)
  3. A. Davis (1903)
  4. K. Bryant (1585)
  5. L. James (1581)
  1. K. Durant (1450)
  2. A. Aminu (1448)
  3. M. Leonard (1415)
  4. T. Thompson (1355)
  5. A. Jefferson (1240)