Heisley Narrows It Down

With four days left until Vancouver Grizzly owner Michael Heisley is supposed to tell the NBA where he would like to move his team next season, Heisley has all but dropped St. Louis from consideration. As officials from the city of Anaheim and the Arrowhead Pond worked through the weekend to prepare for Heisley’s Tuesday visit, the finalists to land the Grizzlies appear to be Anaheim, Louisville and New Orleans.

In an interview with the Vancouver Sun, Heisley said a move to St. Louis is “not a real high probability.” He also said he hopes NBA Commissioner David Stern will extend Thursday’s deadline and said it would be “highly undesirable” and “absolutely so painful” for him to return to Vancouver next season. Heisley, who claims losses of some $40 million this season, also said he would sell to anyone who would keep the team in Vancouver but has received no such offer.

Heisley bought the Grizzlies for $160 million last year, after the NBA rebuffed Bill Laurie’s attempt to buy the Grizzlies for $200 million and eventually move them to St. Louis. Heisley met last week with Laurie, who owns the St. Louis Blues and controls the local arena. He told the Sun that Laurie wanted to purchase majority ownership but at a price that reflected a franchise value “substantially below what his view of the value was last year.”