About a minute after I read the email, ESPN’s Adrian Wojnarowski tweeted the news that Miller is selling the team to Qualtrics CEO Ryan Smith. Holy [expletive]. I had been in the process of putting this newsletter together, as I’m endeavoring to make the Weekly Run a bit more, well, weekly, even during the offseason.
The Utah Jazz are being sold to Ryan Smith, the co-founder of a Provo, Utah, technology company. The move was announced Wednesday by Gail Miller, who with her late husband, Larry, bought the team in the mid-1980s. A purchase price was not disclosed, but Sportico pegged it at $1.6 billion.
Technology entrepreneur Ryan Smith is buying the majority interest of the Utah Jazz, and once it’s approved by the league, it will end the 35-year run of the Miller family as owners of the NBA franchise.