Ryan Smith

Jazz Rumors: Lindsey, Snyder, Azubuike, Wade, Ainge, Battier

Dennis Lindsey‘s transition from his executive VP of basketball operations position with the Jazz into an advisory role was framed as Lindsey’s call, but it was more of an ownership decision, according to Andy Larsen and Eric Walden of The Salt Lake Tribune.

As Larsen and Walden explain in an in-depth story, new Jazz owner Ryan Smith is making some changes to the front office — director of pro player personnel David Fredman was also told this week that his contract isn’t being renewed.

One factor in the decision to reassign Lindsey was a “long-running disconnect” between the executive and head coach Quin Snyder, per the Tribune’s report. According to Larsen and Walden, Lindsey and Snyder had numerous disagreements both on and off the court, including not seeing eye to eye on rotation and roster decisions. Snyder – along with many members of the front office – were frustrated by the selection of Udoka Azubuike in the first round of the 2020 draft, per Larsen and Walden.

Given Utah’s success during the 2020/21 season, Lindsey and Snyder were on better terms during the last year, but several people in the organization still felt that this week’s announcement reflected a feud being settled. “Quin won,” one source told The Tribune.

Here’s more on the Jazz’s front office shakeup:

  • While Lindsey is now an advisor in the Jazz’s front office, there’s an expectation that he’ll seek a job with another team, according to Larsen and Walden.
  • Dwyane Wade has “added his voice” to front office discussions, but isn’t taking a day-to-day role in basketball and roster decisions, per Larsen and Walden.
  • If former Celtics executive Danny Ainge joins the Jazz, it will likely be in an advisory role, says Tony Jones of The Athletic.
  • Jones, Larsen, and Walden all say more front office additions are expected. Multiple reporters, including Jones, ESPN’s Brian Windhorst, and Barry Jackson of The Miami Herald suggest that Wade’s former teammate Shane Battier is one candidate to join the basketball operations department. Battier worked in the Heat’s front office from 2017-21, but recently left that position and is now just a consultant for Miami.

Dwyane Wade Joins Jazz Ownership Group

Former NBA star Dwyane Wade has purchased a minority ownership stake in the Jazz, according to ESPN’s Adrian Wojnarowski, who reports that Wade plans to “take an active role in the franchise and region.” While it’s unclear how sizeable Wade’s share is, Wojnarowski says that NBA rules prevent an ownership stake from being smaller than 1%.

The Jazz confirmed Wade’s investment in a press release.

Wade is joining an ownership group led by Ryan Smith, who purchased a controlling stake in the Jazz from the Miller family in 2020. According to Wojnarowski, Wade met Smith shortly after his retirement as a player in 2019, and the two became fast friends.

“It wasn’t like we wanted more partners; that wasn’t what we were trying to do,” Smith told ESPN. “I want to work with Dwyane on and off the court, on the business side, and so do our partners — because of who he is as a human being and what he’s accomplished. Those are the kinds of people you want around.”

Wade, who won three championships as a member of the Heat, has long talked about his interest in joining an NBA ownership group. While Miami would be an obvious fit, Wade didn’t say whether he and the Heat had serious discussions about the possibility, per Wojnarowski.

Heat owner Micky Arison said in a pair of tweets that he and Wade had previously discussed the idea of having him join the team’s ownership group, but that the veteran guard wasn’t prepared to commit at that time. Arison wished Wade “good luck and much success” with the Jazz, adding that he’ll always consider him a “Heat lifer.”

“The respect that I have for that organization will not go anywhere, the love that I have for the (Heat) fans — that goes nowhere,” Wade said. “But this is about the next phase of my life as an investor, a businessman, an entrepreneur. For me, this is an opportunity to grow.”

Wade envisions having a role in the basketball side of the franchise, according to Wojnarowski, who notes that the former Heat star is good friends with Donovan Mitchell. Participating in free agent meetings or counseling individual players are ways that Wade could become involved with the club, Woj adds. The 39-year-old also hopes to contribute more than just his basketball knowledge.

“Unfortunately, people in my community don’t get this opportunity, and I do not take it lightly to have this opportunity,” Wade said. “To make real change, this is where you have to be — at the top — and Ryan knows that. I’m thankful for him, and I know too that I bring a lot to this partnership outside of just my basketball knowledge and skills.”

Photo courtesy of USA Today Sports Images.

Northwest Notes: Jazz Roster, Saunders, Smith, MPJ

Despite an impressively deep roster that includes 2020 All-Stars Rudy Gobert and Donovan Mitchell, the Jazz roster still needs a player who can defend scoring guards, per Jonathan Tjarks of The Ringer. Nets point guard Kyrie Irving exploited this weakness when he scored 29 points in 29 minutes against the Jazz in a lopsided 130-96 Brooklyn victory on Tuesday night.

Current go-to Jazz wing defender Royce O’Neale is solid, but Tjarks contends that O’Neale lacks the athleticism necessary to contend with high-level guards like Irving. New addition Shaquille Harrison is another defensive perimeter option.

There’s more out of the Northwest Division:

  • Timberwolves head coach Ryan Saunders is excited for the development of No. 1 draft pick Anthony Edwards out of Georgia, whose understated production (5 points, 4 assists) in a 123-116 Sunday loss to the Nuggets masked his game-reading improvement. “Even if it wasn’t your highest-scoring game, that was your best game as an NBA player because of the way he was reading defenses, the things that we’ve been trying to fast track for him over the last month,” Saunders said of the rookie swingman, per Chris Hine of The Star Tribune.
  • New Jazz owner Ryan Smith spoke with ESPN’s Adrian Wojnarowski on his podcast the Woj Pod, and indicated that he has some ideas for how he would like to help Utah build on its recent playoff appearances (h/t to Eric Walden of the Salt Lake Tribune via Twitter). “Not a lot’s been broken,” Smith said. “But I would just say I think we’re gonna have to get a little more aggressive as we think about how to take this to the next level.”
  • Nuggets forward Michael Porter Jr. will be clearing the league’s health and safety protocols-necessitated quarantine tonight and should be available for Denver tomorrow against the Mavericks, per Mike Singer of the Denver Post.

Ryan Smith Officially Becomes Majority Owner Of Jazz Following NBA Approval

Qualtrics founder Ryan Smith and his wife Ashley are officially the new majority owners of the Jazz, the team announced today in a press release. Smith was able to formally complete the purchase of a majority stake in the franchise after being unanimously approved by the NBA’s Board of Governors.

“Ryan Smith is a forward-thinking, community-minded entrepreneur and business leader who will be a fantastic addition to our league,” NBA Commissioner Adam Silver said in a statement, following the Board of Governors’ vote. “As a life-long fan of the Utah Jazz and more recently as one of their key marketing partners, Ryan has demonstrated his deep commitment to the Jazz and the Utah community and there’s no doubt he will bring that same level of dedication to the operation of the team.”

Gail Miller and the Miller family reached an agreement in October to sell a majority share of the Jazz to Smith, with a valuation of $1.66 billion. The now-official transaction also included Vivint Arena, the Salt Lake City Stars, and management operations of the Salt Lake Bees, a Triple-A baseball team.

The Millers have retained a minority stake in the team, while tech entrepreneur Mike Cannon-Brookes and venture capitalist Ryan Sweeney have also been announced as minority owners, according to the Jazz.

Smith, a Utah native, told ESPN’s Tim MacMahon that he was “really close” to making a bid to buy the Timberwolves before Ashley objected.

“With my wife, something wasn’t right. She was putting her foot down,” Ryan said. “She was like, ‘You know we’re Jazz fans, right? That’s what we do, and I’m not moving.’ She doesn’t put her foot down very often, but it was a nice reminder that I was kind of getting caught up in this other world because I liked the business side of it.”

As MacMahon writes, part of the agreement calls for the Jazz to remain in Utah, but that was never a question for Smith, who has been a lifelong fan of the franchise and had courtside seats before reaching an agreement to purchase a controlling share of the team.

Northwest Notes: Jazz, Timberwolves, Nuggets

The sale agreement that will transfer controlling interest of the Jazz from the Miller family to Ryan Smith is a “seismic change” for the franchise, writes Tony Jones of The Athletic. However, it remains to be seen whether the average fan will notice the impact of the change in team ownership.

As Jones points out, the coming offseason will be a good early test to see how Smith intends to run the team. Donovan Mitchell and Rudy Gobert are both eligible for extensions, while Jordan Clarkson is a free agent and the Jazz would also like to fortify their roster with another solid rotation player, if possible.

Re-signing Clarkson and using the mid-level exception on an outside free agent may put Utah into tax territory, which is something the Miller family generally avoided — but if the Jazz are willing to go into the tax in Smith’s first year at the helm, it would bode well for his willingness to spend going forward.

Here’s more from around the Northwest:

  • The sale price for the Jazz ($1.66 billion) should be encouraging to Timberwolves owner Glen Taylor, who is exploring the sale of his own franchise. However, as ESPN’s Brian Windhorst observes in an appearance on Darren Wolfson The Scoop podcast (audio clip), Taylor hasn’t wavered from his stance that any buyer must keep the team in Minnesota, which will limit his ability to maximize the value of the team in any sale.
  • The Timberwolves finished the 2019/20 season just slightly over the tax line as a result of their deadline trade, a source confirms to Dane Moore of News Talk 830 WCCO (Twitter link). However, as Jon Krawczynski of The Athletic tweets, president of basketball operations Gersson Rosas is confident the team will stay out of the tax in 2020/21, reducing the likelihood of repeater penalties down the road.
  • The Nuggets are fairly set at point guard with Jamal Murray and Monte Morris under contract, but they shouldn’t rule out the possibility of drafting another one at No. 22 if certain prospect – such as Cole Anthony – are still on the board, writes Mike Singer of The Denver Post.

Northwest Notes: Nuggets, Blazers, Miller, Smith

With Paul Millsap, Jerami Grant, and Mason Plumlee all facing free agency this fall, the Nuggets front office may need to look outside the organization to fill newly-opened gaps in their frontcourt. Kendra Andrews of The Athletic assesses some big men for Denver to target this offseason.

Thunder center Nerlens Noel, Cavaliers center Tristan Thompson, and Suns center Aron Baynes are all free agents who could be solid fits at center spelling Nikola Jokic, in Andrews’ view, while Pacers center Myles Turner, entering the second year of a four-season, $80MM contract, could be available in a trade.

There’s more out of the Northwest Division:

  • Danny Leroux of The Athletic previews the offseason salary cap situation for the Trail Blazers, observing that team president Neil Olshey may have to make decisions on team depth, several veteran free agents on the team, and whether or not to offer a contract extension to fourth-year power forward Zach Collins, who will otherwise become a restricted free agent in 2021.
  • Having agreed to sell controlling interest in the Jazz to Qualtrics founder Ryan Smith, former majority owner Gail Miller will retain a 20% stake in the franchise, Tony Jones of The Athletic tweets.
  • Though the Jazz will miss the Miller family, who owned the team for 35 years, an excitement is building for young new Jazz owner Ryan Smith, according to Andy Larsen of the Salt Lake Tribune. Larsen writes that Smith is considered more willing to spend than the Miller clan has been over the decades, which could help Utah weather the storm of financial uncertainty caused by COVID-19 complications that are expected to restrict revenues in the 2020/21 season.

Miller Family To Sell Utah Jazz To Ryan Smith

After owning the Jazz for 35 years, the Miller family has reached an agreement to sell the team to Qualtrics founder Ryan Smith, tweets ESPN’s Adrian Wojnarowski. The purchase price will be $1.66 billion, according to Scott Soshnick of Sportico.

The Jazz confirmed the agreement in a press release on their website. The deal will include Vivint Arena, the G League Salt Lake City Stars, and management of the Salt Lake City Bees, a Triple-A baseball team.

“I have known Ryan for several years and admire the values by which he and his wife Ashley live their lives,” said Gail Miller, owner and chair of the Larry H. Miller Group of Companies (LHM Group). “They have such love for and a connection to Utah and this team. Because of our friendship and several high-level conversations over the years, Ryan recently approached our organization to inquire about the possibility of purchasing the Utah Jazz and some of our other sports and entertainment properties.

“After much soul searching, lengthy discussions and extensive evaluations of our long-term goals, my family and I decided this was the right time to pass our responsibility and cherished stewardship of 35 years to Ryan and Ashley, who share our values and are committed to keeping the team in Utah. We have every confidence they will continue the work we have undertaken and move the team to the next level. Our family remains invested in the success of the Utah Jazz and these businesses, and we will retain a minority interest.”

As the creator of Qualtrics, Smith has been a corporate partner of the Jazz for a long time. He was the co-creator of the team’s “5 For The Fight” jersey patch, which has brought in more than $25MM in charitable donations in the past three years. Smith founded the Provo, Utah-based a subscription software company in 2002 and sold it in 2019 for a reported $8 billion.

“The Miller family has had an unbelievable impact on countless people through the Utah Jazz and the other organizations they run,” Smith said. “We all owe a great debt to the Miller family for the amazing stewardship they have had over this asset for the past 35 years. My wife and I are absolutely humbled and excited about the opportunity to take the team forward far into the future – especially with the greatest fans in the NBA. The Utah Jazz, the state of Utah, and its capital city are the beneficiaries of the Millers’ tremendous love, generosity and investment. We look forward to building upon their lifelong work.”

Larry and Gail Miller originally bought a 50% stake in the Jazz in 1985 for just $8MM, then bought the other half a year later for $14MM, according to The Associated Press.