Grizzlies President And GM Stu Jackson Resigns; Joins NBA As Senior VP Of Basketball Operations
Jet, May 29, 2000
Stu Jackson, president and general manager of the Vancouver Grizzlies, recently resigned from the team to take on a new role as senior vice president of basketball operations with the NBA office in New York.
His departure came amidst a major management shake-up orchestrated by Grizzlies new owner Michael Heisley. Jackson, whose job had been in jeopardy since Chicago millionaire Heisley purchased the team from Orca Bay Sports and Entertainment for $160 million, announced his resignation a day after the firing of Coach Lionel Hollins.
A former New York Knicks coach, Jackson was the first person hired by the Grizzlies when they began operations in 1994. The club struggled to a 22-60 record in 1999-2000 and lost an estimated $20 million. The team has a five-year record of 78-300.
In what Heisley called the beginning of an era, the team named former NBA Coach Dick Versace new president of basketball operations. Billy Knight, vice-president of basketball operations for the Indiana Pacers, was hired as general manager, and ex-NBA Coach Chuck Daly was made a senior adviser.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Reference Articles
- A Maryland state trooper gave Erik Bonstrom an $80 ticket for driving too slowly
- In California, postal worker Dean Hudson has been found guilty
- Alec Loorz, the 15-year-old founder of Kids vs. Global Warming and recent Brower Youth Award recipient, went to Congress in November for a press conference with Senators Barbara Boxer and John Kerry, who are championing legislation to stabilize US greenho
- Foreign exchange
- The buzz on bees
Most Recent Reference Publications
Most Popular Reference Articles
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- A world without nuclear weapons?
- How Tyler Perry rose from homelessness to a $5 million mansion
- Rejoice anyway - Zephaniah 3:14-20, Philippians 4:4-7 - Living by the Word - Column
- Medical education's dirtiest secret - use of medical residents
