Life 2 Sports
Basketball

Owners approve sale of Suns to Mat Ishbia, deal reportedly expected to close Tuesday

Feb. 7, 2023
Owners approve sale of Suns to Mat Ishbia, deal reportedly expected to close Tuesday

The Phoenix Suns should have a new owner by the end of the day.

The NBA’s Board of Governors (the other owners) voted 29-0 Monday to approve the Phoenix Suns and Mercury sale to an ownership group led by Mat Ishbia.

What that will mean for the Suns’ organization — in terms of spending on basketball operations and the roster, as well as the business structure of the franchise — remains to be seen. But the change should be welcomed by Suns fans who dealt with decades of the penny-pinching of Sarver.

Ishbia — a walk-on reserve guard for the Michigan State Spartans that won the national championship in 2000 under Tom Izzo — will own 57% of the team, valued at a league-record $4 billion for the sale. That sale price blows away the previous record for an NBA team of $3.3 billion (what Joe Tsai paid for the Brooklyn Nets and the Barclays Center).

Ishbia made his billions as the chairman and CEO of the nation’s largest mortgage lender, United Wholesale Mortgage, formally called UWM Holdings. Mat’s father Jeff founded the business and it has grown to be one of the largest mortgage lenders in the United States, and Ishbia is worth a reported $5.1 billion. Mat is joined by his brother Justin — also a billionaire and part-owner of UWM — as co-owner and alternate governor for the team.

With the sale going through and changes coming, Suns president and CEO Jason Rowley chose to step down and leave the team. Rowley had been linked to the toxic work environment that led to former owner Robert Sarver agreeing to sell the team. A league-sponsored investigation into Sarver and how he ran the Suns found a hostile work environment with sexual harassment rampant. NBA commissioner Adam Silver fined Sarver $10 million (the max he could do) and suspended Sarver for a year — a slap on the wrist — but pressure from sponsors and other NBA owners pushed Sarver to sell the team and step away. Don’t shed a tear for Sarver, who purchased the Suns in 2004 for a then-record $401 million, but now sold his share for an estimated $1.48 billion.

What did you expect him to say?

LeBron James is on the cusp of breaking the NBA’s all-time scoring record held by Kareem Abdul-Jabbar since 1984. LeBron is just 36 points away from setting a new record, which could come Tuesday night against the Thunder in Los Angeles or Thursday against the Bucks. His taking over one of basketball’s most hallowed — and long-considered unbreakable — records only adds to his tally in the GOAT debate… not that it’s a debate for LeBron. He is confident where he stands, something he told Kyle Goon of the Orange County Register (and Southern California News Group).

If LeBron didn’t have the confidence to make that statement, he wouldn’t be in a position to have this conversation. He gets not everybody is going to see things the same way, but it’s at the least a conversation.

“I think he’s gonna have the greatest career of all time,” Sixers coach Doc Rivers said of LeBron. “I think he’s already had it, you know, and I think Michaels the greatest of all time. But that doesn’t take anything away from LeBron. LeBron has had the greatest career.”

The impressive part of LeBron’s run is that he has done this for 20 years — his commitment to conditioning, to investing in his body as far back as high school, is paying off now. For LeBron to have played 20 seasons without missing time due to a significant injury is a combination of his intense preparation and a little luck. All that work, all those years are paying off now.

LeBron will have another pillar for his GOAT argument once he breaks the record. Not that he thinks he need another one.

Kareem Abdul-Jabbar has held the NBA all-time scoring record at 38,387 points since he retired in 1989. It is one of the most iconic records in sports and one thought by many that would never be broken, but LeBron James is on the verge of breaking that scoring record and doing it at age 38. How many more points does LeBron need to take over the scoring record? When is it projected to happen? Let’s break down the latest numbers (this will be updated after every Lakers game until the record is set).

Abdul-Jabbar career points: 38,387 LeBron career points: 38,352

Feb. 7 vs. Thunder Feb. 9 vs. Bucks Feb. 11 at Warriors Feb. 13 at Trail Blazers

LeBron is averaging 30 points per game this season, at that pace he would set the record on Feb. 9 at home against the Milwaukee Bucks, although a hot game on Feb. 7 against the Thunder could make that game a possibility.

Kareem Abdul-Jabbar set the all-time scoring record — too less fanfare than is happening with LeBron (although Wilt Chamberlain was unhappy with all the attention KAJ was receiving) — on April 5, 1984, when he scored his 31,420th point, breaking the record which had been held by Chamberlain. This was the height of the Showtime Lakers era and the team made the Finals that season but lost in seven games to Larry Bird and the Celtics. The Lakers would win the NBA title three of the next four years and Kareem would keep adding to that point total and his legacy until he retired after the 1989 season.

• LeBron James wouldn’t be on the cusp of this record without a deep-seated belief in himself, something he expressed without reservation to Kyle Goon of the Orange County Register (and Southern California News Group).

What else would you expect him to say?

• LeBron tuned out the Lakers’ Kyrie Irving trade speculation — at least until after the game — and dropped 27 points on the New Orleans Pelicans Saturday night, shooting 10-of-22 overall but 1-of-7 beyond the arc. It wasn’t enough as the Pelicans snapped their 10-game losing streak, 131-126, behind 35 points from former Laker Brandon Ingram. This was a tough loss for a Lakers team trying to climb up in the West standings, but it puts LeBron within striking distance of the record next game.

• LeBron scored 26 points and added seven rebounds and seven assists on Thursday night. He also gave the Lakers their first lead of the game on a 3-pointer with 2:35 left, and the Lakers held on to beat the Pacers 112-111. LeBron shot 11-of-19 from the floor and 2-of-5 from 3 for the game.

• LeBron had his first triple-double of the season — and became the first player ever with one in his 20th season — scoring 28 points with 10 rebounds and 11 assists — to help lead the Lakers past the Knicks in overtime on Tuesday night. With those 11 assits LeBron moved past both Mark Jackson and Steve Nash to be fourth on the NBA’s all-time assists list.

• LeBron James did suit up to play Tuesday night against the Knicks (in Madison Square Garden on national television, that shouldn’t have been a surprise). Anthony Davis was cleared to play as well.

• After sitting out against the Nets on Monday, LeBron is officially questionable to play Tuesday in Madison Square Garden against the Knicks and will be a game-time decision. Lakers coach Darvin Ham said LeBron has “really significant soreness” in his left foot (after playing 44 minutes against Boston). LeBron and the medical staff will speak after LeBron starts to warm up Tuesday to determine if LeBron can play in Madison Square Garden, a game he hates to miss because he loves playing in that venue.

• The Lakers have officially listed LeBron (and Anthony Davis) as out for the game Monday night in Brooklyn. That is the first game of a back-to-back for the Lakers, and they have rested LeBron in half of those for most of the season. This will push back the date he breaks the record, making it likely it happens at Crypto.com Arena.

• LeBron scored 41 points — and felt he should have had a couple more — in the Lakers’ overtime loss to the Celtics Saturday on national television.

• Sixers Doc Rivers on what impresses him in LeBron’s run to this record: “LeBron has done it so differently to me [thank Kareem]. Because LeBron is not a natural scorer. LeBron is a playmaker. He got criticized early in his career for making the right decisions. And the fact that he’s now about to break the scoring record, it really points out his greatness.”

• LeBron scored 20 points in the Lakers’ win over the Spurs, a game in which Anthony Davis returned from injury and Rui Hachimura made his debut as a Laker after being traded from the Wizards.

• What has Kareem Abdul-Jabbar said about LeBron passing his record? There has been a bit of frostiness between the two men, but Abdul-Jabbar was gracious in comments to Marc Stein back in 2021 about the possibility of his record falling: “I’m excited to see it happen. I don’t see records as personal accomplishments, but more as human achievements. If one person can do something that’s never been done, that means we all have a shot at doing it. It’s a source of hope and inspiration. Roger Bannister broke the four-minute mile back in 1954. Since then, not only have 1,400 runners beaten that time, but the new record is 17 seconds less. We all win when a record is broken and if LeBron breaks mine, I will be right there to cheer him on.”

Things are going to get insane in the run-up to the NBA trade deadline, at 3 p.m. Eastern on Thursday. There’s already been a blockbuster Kyrie Irving trade to Dallas, which will spawn other deals, and every team is looking for upgrades large or small. Will the Lakers make upgrades? What contenders will deepen their bench, and what teams will pivot toward the Victor Wembanyama sweepstakes? We will have all the latest NBA rumors, news, and any deals that get done in one place. It’s going to get wild, sit back and enjoy the ride.

• Kevin Durant and the Nets are talking about the long-term (and likely short-term) direction of the franchise, but Brooklyn is not making its other superstar available to teams, reports Adrian Wojnarowski of ESPN.

This provides details and is in line with what sources from other teams have told NBC Sports (and I have reported previously): They are under the impression the Nets are going to try and build a contender around KD this season, maybe including another deal or two, and try to convince him to stay. If Durant ends up on the move, it will be over the summer.

• The backup big man market is one of the most crowded at the trade deadline, but you can add another name to it: JaVale McGee. Dallas is looking to move on, according to Jake Fischer of Yahoo Sports.

• The Nuggets and Pistons are the teams talking to New York most recently about a Cam Reddish trade, according to Ian Begley of SNY.TV. Reddish remains one of the players most likely to be on the move by Thursday.

• Kyrie Irving practiced with the Mavericks today — he was the first player to the facilities — and is expected to make his debut with the team Wednesday night.

• Interesting note from Jake Fischer at Yahoo Sports: While there are a lot of teams still interested in a trade for Raptors wing O.G. Anunoby — the Pelicans, Grizzlies, Knicks, Pacers, Trail Blazers, Lakers, Suns, and Nets are interested — a number of those teams would prioritize Kevin Durant if he puts his trade demand back on the table this summer. With that, said teams don’t want to give up too much for Anunoby now. The market is getting soft, Anunoby is a favorite of GM Masai Ujiri in Toronto, so maybe he stays put at the deadline.

• It’s far more likely the Raptors trade Fred VanVleet or Gary Trent Jr. at the deadline. VanVleet has become one of the most talked about names in the last few days. That said, the Raptors are listening to offers, at least.

• What are the Celtics looking to do at the trade deadline? Use their $5.9 million trade exception, reports friend-of-the-site Keith Smith.

• Also from Fischer at Yahoo: Mason Plumlee appears to be the Hornet most likely to be traded.

San Antonio receives: Dewayne Dedmon, 2028 Heat second-round pick Heat receive: Cash

Analysis: This is a salary dump by the Heat, and it cost them a second-round pick. Maimi now has some room under the salary cap and two open roster spots, allowing them to bring in a player — via trade or the buyout market — and convert Orlando Johnson’s two-way contract to full-time, he has played well for them. The Spurs get a second-round pick and a center for depth if they do trade Jakob Poeltl before the deadline.

• After striking out on Irving, the Lakers are reportedly engaged in talks to send Russell Westbrook and both of the first-round picks they can trade (2027 and 2029) to Utah for Mike Conley and Malik Beasley, reports Tim MacMahon of ESPN. While the sides undoubtedly talked, that sounds like a rumor from the Jazz camp. The Lakers have hoarded those picks to swing for a home run, and with Conley declining this season at age 35 — and with a guaranteed $24 million on the books for next season eating up the Lakers’ cap space over the summer — this doesn’t sound like a move the Lakers would suddenly pivot and accept. The Jazz have rebuffed all offers for Conley so far, keeping the asking price high and banking on the desperation of buyers.

• The Chicago Bulls are at least listening to offers for defensive guard Alex Caruso, but they are reportedly keeping the price sky-high — two first-round picks. Don’t expect a deal, while Caruso brings value that’s a star-level asking price.

• This shouldn’t surprise anyone who has watched a minute of Brooklyn Nets basketball this season, but ESPN’s Bobby Marks says Ben Simmons has zero trade value right now. Also, the note on Durant being a summer move was something sources told NBC Sports and we wrote about previously.

• If the Miami Heat can’t find a new home for the disappointing Kyle Lowry at the trade deadline, this summer they will return their focus to using his salary in a deal for a disgruntled superstar such as Kevin Durant or Bradley Beal, reports Ira Winderman of the South Florida Sun-Sentinel. That sounds on brand for the Heat.

• Along those lines, the Washington Wizards plan to keep Beal and re-sign Kyle Kuzma.

• Veteran Furkan Korkmaz has been bumped from his regular spot in the 76ers rotation this season and wants to be traded to a place he can get some run. Philly is looking for a new home for him as well as Matisse Thybulle.

• No, LeBron James is not happy the Lakers missed out on Kyrie Irving, but he’s pivoting to what’s going on today.

“I can’t sit here and say I’m not disappointed on not being able to land such a talent, but someone I had great chemistry with and know I got great chemistry with on the floor that can help you win championships. In my mind, in my eyes. But my focus has shifted now my focus has shifted back to where it should be, and that’s with this this club now and what we have in the locker room.”

Three Things To Know is NBC’s five-days-a-week wrap-up of the night before in the NBA. Check out NBCSports.com every weekday morning to catch up on what you missed the night before plus the rumors, drama, and dunks that make the NBA must-watch.

The list of players who have scored 40+ points in back-to-back games this season reads like the top seven picks of a fantasy draft: Giannis Antetokounmpo, Devin Booker, Stephen Curry, Anthony Davis, Joel Embiid, LeBron James, and Damian Lillard.

Now add Cam Thomas to that list.

With Kevin Durant injured and Kyrie Irving now in Dallas, the Brooklyn Nets’ second-year scoring guard has taken over the offense. He scored a career-high 44 against the Wizards on Saturday night, then on Monday topped that with 47 against the Clippers, hitting 7-of-11 from 3.

The Nets needed this. Brooklyn has been Team Drama since Kyrie Irving didn’t get his extension and demanded a trade, which has led to a lot of speculation around the league about Kevin Durant being next out the door (sources told NBC Sports to expect that issue to be resolved over the summer, not in the tight window of the trade deadline).

Thomas has been able to score since he was drafted out of LSU, but that skill was less needed when Irving and Durant were healthy and dominating the ball. His defense, playmaking, efficiency and all-around game improved this season, but the veteran-heavy Nets had guys the coaches trusted more in his role, so Thomas racked up a lot of DNP-CDs this season.

However, when the Nets needed him, he stepped up and put on a show. He is earning his run, even when Spencer Dinwiddie and Dorian Finney-Smith show up and get on the court, and Durant gets healthy.

Thomas’ career-best night wasn’t enough against the Clippers. A late 9-0 Clippers run changed the game and Los Angeles picked up the win on the road. Paul George led the Clippers with 29 points, while Kawhi Leonard added 24.

The Clippers went an impressive 4-2 on their Grammys road trip (the awards show takes over crypto.com Arena for a couple of weeks) and have moved up to fourth in the West as they head home, showing flashes of a team that could be coming together.

Stephen Curry will be out “weeks” with a leg injury, leaving concerns about where the stumbling Warriors will find enough offense.

The answer was Klay Thompson. At least on Monday night. He knocked down 12 3-pointers and scored 42 points leading the Warriors to a comfortable blow-out win over the Thunder.

Jordan Poole Sixth Man of the Year bettors are hosed as he is back in the starting lineup with Curry out, and he impressed with 21 points with 12 assists (a career-best). This was a quality win for the Warriors as the surprising Thunder have pushed themselves into contention for a play-in spot and the Warriors need to keep their head above water until Curry returns some time after the All-Star break.

The Phoenix Suns should have a new owner by the end of the day.

The NBA’s Board of Governors — the other owners — voted to approve the sale of the Phoenix Suns and Mercury to an ownership group led by Mat Ishbia.

Ishbia — a walk-on reserve guard for the Michigan State Spartans that won the national championship in 2000 — will own 57% of the team, valued at a league-record $4 billion for the sale.

Ishbia made his billions as the chairman and CEO of the nation’s largest mortgage lender, United Wholesale Mortgage, formally called UWM Holdings. Mat’s father founded the business, which is now worth a reported $7 billion, with Ishbia himself worth a reported $5.1 billion.

This brings an end to the Robert Sarver era in Phoenix, which is reason for Suns fans to celebrate. Sarver was a penny-pinching owner who agreed to sell the team after an investigation into his running of the Suns’ franchise had led to a hostile work environment and sexual harassment claims. Don’t shed a tear for Sarver, who purchased the Suns in 2004 for a then-record $401 million and just sold his share for $1.48 billion.


Scroll to Top