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NBA BOG Elects Peter Holt New Chair, Approves Grizzlies Sale

The NBA today announced that Spurs Owner Peter Holt has been elected Chair of the league's BOG. Holt replaces T'Wolves Owner Glen Taylor, who has served as Chair since '08. Holt has been a member of the board for 16 years and currently serves on five of its standing committees. Also today and as expected, the BOG approved the sale of the Grizzlies from Michael Heisley to Robert Pera's group. League approval is subject to the final close of the transaction, which is expected shortly (THE DAILY).
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