Bill Laurie, Michael McCaw, David Stern, and the Vancouver Grizzlies / 1990s–2000s
Before Memphis became the destination, Vancouver nearly disappeared into a deal designed around relocation. In 1999, Orca Bay owner John McCaw was negotiating with Vancouver businessman Dennis Washington, who intended to keep the Grizzlies and Canucks in British Columbia. McCaw instead used Washington's interest to leverage a richer offer from Bill Laurie, owner of the NHL's St. Louis Blues. Laurie proposed US$148 million for the Grizzlies, plus a US$52 million bonus if the team ultimately moved to St. Louis, where he had recently acquired the Blues and Kiel Center. The relocation incentive immediately alarmed NBA commissioner David Stern, who publicly opposed moving the franchise and argued that Vancouver should be given a chance to succeed. The NBA Board of Governors' Finance Committee also objected to the structure of the purchase agreement because it effectively rewarded the buyer for abandoning the Canadian market. The deal was renegotiated before a formal board vote, and on January 21, 2001, Laurie announced that he had paid McCaw an undisclosed amount to walk away. Four days later, Michael Heisley bought the team for US$160 million, publicly claiming he had Stern's support and intended to keep the franchise in Vancouver. He quickly reversed course, however, launching a relocation search that ended with the Grizzlies moving to Memphis later that year. The episode exposed the tension between private owners seeking the most lucrative market and league officials trying to control franchise geography and preserve the NBA's expansion into Canada.
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