MEMPHIS, TN - FILE: The Memphis Grizzlies mascot waves a giant flag prior to Game Seven of the Western Conference Quarterfinals in the 2012 NBA Playoffs between the Memphis Grizzlies and the Los Angeles Clippers at FedExForum on May 13, 2012 in Memphis, Tennessee. According to reports on June 11, 2012, Michael Heisley, majority owner of the Memphis Grizzlies, announced he has an agreement to sell the Memphis Grizzlies. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement (Photo by Kevin C. Cox/Getty Images)