Small-market NBA team cycles are often the same: develop talent, enjoy a brief contention window, and then watch as financial realities force a rebuild. However, the Memphis Grizzlies could break that mold as Robert Pera has the power to shatter that glass ceiling with a sledgehammer. A perfect storm of extraordinary wealth growth, locked-in star talent, and roster flexibility around Ja Morant should allow EVP/GM Zach Kleiman to be aggressive in ways few franchises can match over the next five seasons.
According to Forbes, Pera is the sixth-richest team owner in sports thanks to huge gains in Ubiquiti share prices. The wireless equipment giant more than doubled in value last year, reaching $528 a share to close out August. Pera’s net worth, pegged at over $37 billion by Bloomberg,