Michael Heisley, the current majority owner of the Memphis Grizzlies, believes the franchise would be better served in someone else's hands.

"I'm saying somebody can do a better job than I can with the franchise," Heisley said. "I'm being very honest with myself. Unlike a lot of NBA owners, I'm not putting in 100 percent of my time. I'm almost 70 years of age so I'm not likely to get more of it."

" ... Obviously, we'll have a lottery pick and a high-level lottery pick," Heisley told Ronald Tillery of the Commercial Appeal.