Q&A With Blackhawks Chair Rocky Wirtz Angels, Red Sox Eliminate Pension Plans AHL OKC Barons To Cease Operations MLB Franchise Notes Cavs Happy With Ticket Lottery Process Rams' Move To L.A. Unlikely For '15 Wojnarowski Profile Alleges Improper Sourcing Drake Continues Working On Raptors' Rebrand Silver Discusses Future NBA All-Star Sites Hornets, Waste Management Ink Partnership
HEAT WAVES -- HUDSON RESUBMITS BID, NBA MAY MEDIATE LAWSUIT
Published November 15, 1994
Whit Hudson has re-submitted his ownership bid to the NBA for the Heat and could discuss the deal Wednesday with league officials. Hudson plans to purchase the 40% of the team owned by Billy Cunningham and Lewis Schaffel, and has revised his initial offer with "half of the $60 million purchase completed for in cash." The NBA also "may offer to mediate in a lawsuit" filed last week against Cunningham and Schaffel by Heat limited partner Raanan Katz, who claims his share in the team should be doubled. Katz is seeking over $2M in damages (Alex Marvez, MIAMI HERALD, 11/15).