Jun 1, 2014, 11:07 AM EST
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.
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.
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.
Dec 17, 2014, 6:18 PM EST
He is more likely to be moved than Rondo.
Dec 17, 2014, 5:31 PM EST
There are no good answers for the Bucks, or for other rookies to reward.
Dec 17, 2014, 5:06 PM EST
More serious talks doesn’t mean a deal is near.
Dec 17, 2014, 4:03 PM EST
The Kings roster is poorly suited right now for the style the owner wants to play.
Dec 17, 2014, 3:12 PM EST
Blazers fans will get to see more Chris Kaman.
Dec 17, 2014, 2:30 PM EST
Portland also reportedly tried to trade for Monroe before he signed the one-year qualifying offer to stay in Detroit.
Dec 17, 2014, 1:50 PM EST
Former Baylor University center was expected to be drafted, but was diagnosed with a disease that prematurely ended his chances of playing in the NBA.
Dec 17, 2014, 1:10 PM EST
Wade has a reputation of being a flopper, and appeared to exaggerate the contact from the official.
Dec 17, 2014, 12:30 PM EST
He pities ‘Melo because a real competitor is suffering through a lot of losing.
Dec 17, 2014, 11:50 AM EST
Love is suffering from the dreaded flu-like symptoms.
Warriors’ Andre Iguodala hilariously mocks referee for not calling a blatant travel, picks up technical foul (VIDEO)
Dec 17, 2014, 11:10 AM EST
Iggy does the Travel Dance.
Dec 17, 2014, 10:30 AM EST
Peja was a three-time All-Star, and a member of the only good team Sacramento has had in its franchise history.
Dec 17, 2014, 9:50 AM EST
Durant joins Paul George as players who renounce the nonsensical report that emerged earlier in the season.
Dec 17, 2014, 9:09 AM EST
Prior relationships Jackson has with Kings brass may make this an obvious choice for Sacramento as the team searches for its next head coach.
Dec 17, 2014, 8:30 AM EST
That sound you just heard was the collective voice of people in Sacramento yelling “nooooooooo.”
Dec 17, 2014, 8:00 AM EST
He who hesitates gets dunked on.
Dec 17, 2014, 2:02 AM EST
Rough night for the Bucks, and they didn’t even play.
Dec 17, 2014, 12:45 AM EST
As always, he made it look easy.
Dec 17, 2014, 12:15 AM EST
Miller, known for his high-IQ game, gets hung on the rim.
Dec 16, 2014, 11:13 PM EST
Parker was the leading Rookie of the Year candidate.
- Report: Celtics now more willing to trade Rajon Rondo 5
- Tyson Chandler says he feels sorry for Carmelo Anthony 15
- Kevin Durant on idea stars wouldn’t want to play with Kobe Bryant: ‘That’s bulls—‘ 28
- Former Warriors coach Mark Jackson meets with Kings GM, DeMarcus Cousins after Tuesday night’s game 20
- PBT’s Tuesday Night NBA Winners/Losers: Grizzlies grind ends Warriors streak 9
- It’s official: Jabari Parker out for the season with torn ACL 20
- Grizzlies snap Warriors’ 16-game winning streak 4
- Report: Chris Mullin doesn’t want to jump in mid-season to coach Kings 3