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Heisley bought the then-expansion Grizzlies in 2000 and moved the team to Memphis in 2001. He lured Jerry West to Memphis as the Grizzlies' president of basketball operations in 2002, a job he held for five seasons.
The Grizzlies moved into the FedExForum for the 2004-2005 season during a string of three straight postseason appearances, but they set the NBA record for futility losing their first 12 playoff games.
Heisley was heavily criticized for a February 2008 trade that sent Memphis' only All-Star and all-time leading scorer, Pau Gasol, to the Lakers. But the trade landed Marc Gasol, who was named an All-Star this season. The Grizzlies won only 22, 22 and 24 games in three straight seasons before a rebuilding program resulted in playoff berths the past two seasons.
The timing to sell couldn't be much better.
The Grizzlies went 41-25 this season and reached the playoffs a second straight year, selling out each home game. They took Oklahoma City to seven games in the second round in 2011 and lost to the Los Angeles Clippers in seven games in the first round last month after blowing a 27-point lead in the opener.
The team's lease at the FedExForum would make it very costly to leave before 2021. Rudy Gay, Zach Randolph, Gasol and Mike Conley -- four of five starters -- are under contract for at least the next three seasons.
[Associated Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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