Jun 1, 2014, 11:07 AM EDT
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.
Mavericks coach Rick Carlisle fined $25K for publicly criticizing officials after Game 3 loss to Rockets
Apr 25, 2015, 2:29 PM EDT
“The officials [have] got to get that stuff under control, because there’s too much physical stuff going on. Howard is throwing people all over the place,” Carlisle said.
Report: ‘No scenario’ where Kawhi Leonard will pursue offer sheets as a restricted free agent this summer
Apr 25, 2015, 2:00 PM EDT
Spurs and Leonard are a perfect match.
Mavericks coach Carlisle rips officials, claims ‘there’s too much physical stuff going on’ after Game 3 loss to Rockets
Apr 25, 2015, 12:30 PM EDT
Apr 25, 2015, 11:00 AM EDT
Pierce did the same thing to the Raptors a year ago when he was with the Nets.
Apr 25, 2015, 9:30 AM EDT
The Spurs are Kawhi Leonard’s team now.
Apr 25, 2015, 8:00 AM EDT
These feel like Stephen Curry’s playoffs.
Apr 25, 2015, 1:28 AM EDT
Leonard was fantastic at both ends of the court.
Apr 25, 2015, 12:18 AM EDT
The Wizards are moving on. That’s the Truth.
Apr 24, 2015, 10:30 PM EDT
Dwight Howard grabbed 26 rebounds, too.
Apr 24, 2015, 9:30 PM EDT
Portland, down 0-2 to Memphis, needs all the help it can get.
Apr 24, 2015, 8:30 PM EDT
NBA continues its technological push.
Apr 24, 2015, 7:30 PM EDT
Parker is going to finish his degree at Duke.
Apr 24, 2015, 6:45 PM EDT
The Warriors eventually won in overtime regardless.
Apr 24, 2015, 6:00 PM EDT
Looking past the first round to some of the more exciting later matchups to come.
Apr 24, 2015, 5:15 PM EDT
The long-running rift continues.
Apr 24, 2015, 4:30 PM EDT
He’s got to coach whoever they draft anyway, why not?
LeBron James on why Kevin Love gets criticized: ‘When you have a big three, they’ve got to find someone’
Apr 24, 2015, 3:47 PM EDT
With Heat, it was Chris Bosh
Apr 24, 2015, 3:11 PM EDT
Aron Baynes doubtful
Apr 24, 2015, 2:33 PM EDT
Spurs assistant coach achieved incredible success in Europe
Apr 24, 2015, 1:55 PM EDT
Which is ridiculous
- Mavericks coach Rick Carlisle fined $25K for publicly criticizing officials after Game 3 loss to Rockets 0
- PBT Extra: Stephen Curry starting to have his defining playoff moments 8
- Behind 32 points from Kawhi Leonard, Spurs rout Clippers to take 2-1 series lead 13
- The Truth (and Marcin Gortat) will set Washington free, up 3-0 on Toronto after win 6
- James Harden scores 42 points to lead Rockets to Game 3 win, 3-0 series lead over Mavericks 17
- Why can’t the Pelicans foul in a timely manner? 7
- PBT Extra: No Rajon Rondo, no Chandler Parsons, Dallas is in trouble vs. Houston 6
- Stephen Curry drops 40, leads 20-point comeback as Warriors beat Pelicans in OT, take 3-0 series lead 10