Spurs owner Peter Holt is relinquishing control of the team to wife, Julianna Hawn Holt, the team announced this week. The 67-year-old Spurs boss is retiring as chairman, CEO and representative on the board of governors, turning those capacities over to his wife. The Holts jointly became the franchise’s largest shareholders in 1996, when Peter Holt ascended to the top of the organization. He’ll remain on the board of managers of Spurs Sports & Entertainment and continue as part of the ownership group.
“Our ownership in the Spurs has always been a family affair,” Julianna Hawn Holt said. “For many years I’ve had the desire to take a more active role with Spurs Sports & Entertainment. We felt this was the right time to make this transition. We are very excited about the current Spurs season and the future of the organization.”
The changing of the guard closes a remarkably successful era for the Spurs, who missed the playoffs only once under Peter Holt’s reign. The franchise has won five NBA titles while qualifying for the postseason for an amazing 19 straight seasons. “I’m proud of what we’ve achieved over the last two decades,” Peter Holt said. “The championships are wonderful, bringing new sports franchises to San Antonio is important but the biggest accomplishment for me will always be the impact we’ve had in our community. The pride, support and love that our city has for the Spurs is truly amazing.”
Here’s more from the week that was…
Signings
- The Thunder signed Nazr Mohammed for the remainder of the season.
- The Pistons signed Justin Harper to a second 10-day contract.
- The Pacers signed Ty Lawson.
- The Celtics signed Coty Clarke to a 10-day contract.
- Wizards draft-and-stash prospect Tomas Satoransky signed a four-year extension with Barcelona of Spain.
- The Suns signed Alan Williams to a 10-day contract.
- The Suns signed Chase Budinger.
- Sampson Carter, who was with the Grizzlies during the preseason, signed with the Mexican club Caballeros de Culiacan.
- The Nets signed Sean Kilpatrick to a second 10-day contract.
- The Spurs signed Kevin Martin.
- The Cavaliers signed Jordan McRae to a multiyear deal.
- The Pelicans used their hardship exception to sign Orlando Johnson to a 10-day contract.
- The Wizards signed Marcus Thornton.
- The Hornets signed Jorge Gutierrez for the remainder of the season.
- The Grizzlies signed Briante Weber to a 10-day deal.
You can stay up to date on all the 10-day deals handed out with our 10-day contract tracker.
Waivers
- The Suns waived Sonny Weems, who was subsequently claimed by the Sixers.
- The Spurs waived Rasual Butler.
- The Wizards waived Gary Neal.
- The Grizzlies waived Mario Chalmers.
Miscellaneous News
- The Nets named Cavs front office executive Trajan Langdon their assistant GM.
- Lakers rookie small forward Anthony Brown is expected to miss at least a month due to a stress reaction in his right foot.
- The National Basketball Players Association is reportedly thinking about filing a grievance with the league over the voided Donatas Motiejunas trade. The Pistons elected to cancel the trade on February 22nd after several medical tests failed to convince them that Motiejunas’ back was sufficiently healed from surgery last spring.
- Michael Carter-Williams will miss the rest of the season and undergo surgery to repair a torn labrum in his left hip.
- Pelicans shooting guard Eric Gordon will miss the remainder of the 2015/16 season as a result of surgery to repair damage to his fractured right ring finger.
- The Kings suspended DeMarcus Cousins for one game without pay in the wake of his outbursts toward coach George Karl and GM Vlade Divac during and reportedly after Wednesday’s game.
- Bucks shooting guard O.J. Mayo broke his right ankle and will miss the remainder of the season.
- Jahlil Okafor will miss the rest of the season because of a torn meniscus in his right knee.
D-League News
- The D-League tossed Lakers affiliate player Robert Upshaw from the league for violating its anti-drug program.
- The D-League forced the affiliate of the Kings to forfeit a game because it played Duje Dukan, who was on assignment from Sacramento, during the All-Star break.
- Jimmer Fredette returned to the Westchester Knicks, New York’s D-League affiliate.
- Jared Cunningham rejoined the Idaho Stampede of the NBA D-League as a returning player.
You can stay up to date on all the D-League assignments and recalls for the season here.