Posts Tagged ‘Steve Kaplan’

Memphis Bid, Jersey Ads Get BOG Review

 

A star-studded group of investors — including NFL quarterback Peyton Manning and his wife Ashley, entertainer Justin Timberlake and former NBA players Penny Hardaway and Elliot Perry — could be approved to purchase the Memphis Grizzlies at the NBA’s Board of Governors two-day meeting today and Thursday in Manhattan.

And with the league’s other 29 owners, they could find themselves with a new revenue stream in the form of jersey-patch ads.

The Memphis sale and a report from the NBA’s planning committee on the pros and cons of placing ads on jerseys are two of the items believed to be on the BOG agenda. Though the actual list of topics isn’t made public, other items may include:

  • Reports on revenue sharing and collective bargaining.
  • Arena news, including the new Barclays Center in Brooklyn and improvements to Madison Square Garden in New York.
  • Discussion of rule changes via the competition committee, including flopping and other referee points-of-emphasis.
  • Updates on ticket sales, network contracts and sponsorships.
  • Review of the NBA China program and preseason games played internationally this fall.

The status of the Sacramento Kings’ arena deal and possible relocation is not believed to be among the scheduled topics, nor is any formal discussion of efforts in Seattle to gain an existing or expansion franchise.

A Los Angeles investor, Steve Kaplan, has joined the Grizzlies purchase group headed by Robert Pera, according to a story Tuesday in the Memphis Commercial-Appeal. Kaplan was involved with current Grizzlies owner Michael Heisley’s unsuccessful attempt to buy the Los Angeles Dodgers, the paper reported.

Any move to put ads on players’ jerseys -– common practice in international play and even in the WNBA -– would not come at NBA commissioner David Stern’s urging. Neither would it happen, though, over his objections.

Stern told reporters during the Boston Celtics’ stop in Milan earlier this month that he would rather not see the sponsors’ patches on uniforms. “As a personal matter, I am not in favor of it, but I’m not standing in the way of it,” Stern said. “If my board wants to do it, we’ll do it.”