AP NEWS
Related topics

Grizzlies May Leave Vancouver

February 12, 2001

WASHINGTON (AP) _ Calling the financial situation unfair to owner Michael Heisley, NBA commissioner David Stern gave the Vancouver Grizzlies permission to explore a move to another city.

St. Louis, New Orleans and Nashville, Tenn., have been mentioned as possible destinations for the team.

Stern, NBA deputy commissioner Russ Granik and Heisley, who paid $160 million to buy the team from John McCaw in 1999, met Monday at a Washington hotel to discuss the team’s future.

Stern said the Grizzlies (13-36) will lose at least $40 million this year and even more next year.

``We agreed to assist Michael Heisley in exploring other North American cities which may be appropriate for Vancouver to look into,″ Stern said in a statement.

If the team wants to relocate by the start of next season, it would have to submit an application to the NBA by March 1, the league said.

AP RADIO
Update hourly