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REPORT HAS THOMAS LEAVING RAPTORS IN NEXT 24-48 HOURS
Published November 20, 1997
A press conference "will be held no later than tomorrow" to announce that Raptors minority Owner and Exec VP/GM Isiah Thomas "will be leaving Toronto, regardless of whether he decides to take a television job with NBC," according to Craig Daniels of the TORONTO SUN. Daniels writes that NBA Commissioner David Stern "asked Thomas yesterday to remain with the club for the next 24-48 hours ... so the Raptors could clean up certain financial matters, such as the closing of financing for the Air Canada Centre." Yesterday, Thomas "retired to his home" in Detroit and referred all calls to his agent. Thomas: "I want to be as professional and classy in this matter as possible. I don't want to be in the position where I have to look people in the eye and lie, so you have to understand there are some things I can and can't say right now." Team Assistant GM & VP/Legal Affairs Glen Grunwald "appears" to be "the leading candidate" to replace Thomas as GM (TORONTO SUN, 11/20). STRAINED RELATIONS? In Toronto, Michael Grange writes that everything "surrounding the latest ownership drama ... remains unclear," and that "the rift between Thomas and [Raptors Majority Owner Allan] Slaight is no closer to being repaired and has likely widened as each side regards the other with a growing measure of distrust" (GLOBE & MAIL, 11/20). Also in Toronto, Doug Smith reports sources who said that Slaight "provided some of the money Thomas has had to pay out in the last couple of months to fulfil obligations as a minority shareholder." One source: "I think Isiah has a bit of a cash squeeze." Thomas' reps "refused comment" on the speculation. Smith adds that Slaight "has positioned himself perfectly to assume Thomas' share" of the team, and sources say that Slaight "signed off on an agreement ... that puts in place a syndicate to finance" Air Canada Centre (TORONTO STAR, 11/20). TALKING TOUGH ABOUT ZEKE: In Toronto, Steve Simmons writes, "The latest squabble for Thomas is just another in a series of personal-agenda controversies that have marked his life in basketball. His career has been a testimony to conflict. Name a place, name a person, and there is a story to be told. Too many stories" (TORONTO SUN, 11/20).