Sources: Chargers Expected To Move To L.A. In '17 Yanks Set To Benefit From New MLB CBA Losing Revenue Sharing Could Cut A's Payroll More 'Canes Allowed To Withhold Some Financial Figures TFC Becoming MLS' Premier Franchise? Rockets Hire E-Sports Front Office Exec Orioles To Keep Season-Ticket Prices Flat Blackhawks Reward Fans For Watching At Bars A's Ballpark Talks To Pick Up Pace With New CBA? 76ers Postpone Game Due To Moisture On Court
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).