Dan Gilbert has begun exploring a sale of approximately 15 percent of the Cleveland Cavaliers. Gilbert will retain his majority stake, but has retained Allen & Company to explore selling a minority stake. Gilbert purchased the Cavaliers in 2005 for $375 million. The Cavaliers were most recently valued in December at $3.95 billion. NBA values have doubled over the past four … [Read more...] about Dan Gilbert Retains Bank To Sell 15 Percent Stake In Cavaliers
2025 NBA Draft Second Round Results: Rasheer Fleming Goes No. 31 To Suns
The Phoenix Suns acquired the No. 31 overall pick and selected Rasheer Fleming out of Saint Joseph's to begin the second round of the 2025 NBA draft. 2025 NBA Draft, Round 1 Results31. Phoenix Suns: Rasheer Fleming, F, Saint Joseph's32. Orlando Magic: Noah Penda, F, France33. Charlotte Hornets: Sion James, SF, Duke34. Charlotte Hornets: Ryan Kalkbrenner, C, Creighton35. … [Read more...] about 2025 NBA Draft Second Round Results: Rasheer Fleming Goes No. 31 To Suns
Bulls Trade Lonzo Ball To Cavaliers For Isaac Okoro
The Chicago Bulls are trading point guard Lonzo Ball to the Cleveland Cavaliers for wing Isaac Okoro. The Bulls are moving some guard depth to rebalance their roster a bit, while the Cavs get insurance against potentially losing Ty Jerome in free agency. Ball made an impressive recovery to get back from missing parts of four seasons due to multiple knee surgeries. He appeared … [Read more...] about Bulls Trade Lonzo Ball To Cavaliers For Isaac Okoro
Ty Jerome Could Sign With Grizzlies On Deal Starting At $9M
The Memphis Grizzlies could secure an agreement with Ty Jerome at the start of free agency on a deal starting at $9 million to $10 million per season, rival teams tell The Stein Line. Jerome is expected to leave the Cleveland Cavaliers following his breakout season after the team acquired Lonzo Ball. Jerome had been looking for a deal that will start around the Non-Taxpayer … [Read more...] about Ty Jerome Could Sign With Grizzlies On Deal Starting At $9M
Ty Jerome, Grizzlies Agree To Three-Year, $28M Deal
Ty Jerome and the Memphis Grizzlies have agreed to a three-year, $28 million contract with a player option for Year 3. The Grizzlies will use their room midlevel exception to sign Jerome. Jerome leaves the Cleveland Cavaliers after a breakout season. Jerome will give the Grizzlies depth in the backcourt after trading away Desmond Bane. … [Read more...] about Ty Jerome, Grizzlies Agree To Three-Year, $28M Deal