Red Sox' Lucchino Stepping Down Pats Fire Back At NFL With Release Of E-Mails HOFers Highlight NBA's Africa Exhibition Astros Raising Season-Ticket Prices For '16 NFL Giants Make Camp More Fan-Friendly Browns' Haslam Endorses Coach, GM Blues' Stillman Staying The Course Kauffman Addresses Ganassi Stake Blue Jays' Anthopoulos Praised For Bold Moves Stephen Ross To Be More Active With Dolphins
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).