Newsletter
Fadeaway World
  • Fadeaway World
  • NBA News & Analysis
  • NBA Trade Rumors
  • NBA News & Media
  • Exclusive Interviews
  • NBA 2K
Reading: The Miller Family Reaches Agreement To Sell The Utah Jazz For Over $1.6 Billion
Fadeaway WorldFadeaway World
Search
  • Fadeaway World
  • NBA News & Analysis
  • NBA Trade Rumors
  • NBA News & Media
  • Exclusive Interviews
  • NBA 2K
Follow US
Home > NBA News & Analysis > The Miller Family Reaches Agreement To Sell The Utah Jazz For Over $1.6 Billion

The Miller Family Reaches Agreement To Sell The Utah Jazz For Over $1.6 Billion

Orlando Silva
Oct 28, 2020
3 Min Read
Share

The Miller Family is ending 30 years as owners of the Utah Jazz after they reached an agreement with Qualtrics founder Ryan Smith. ESPN’s Adrian Wojnarowski reports the deal is worth over $1.6 billion.

Via ESPN:

Smith, 40, is a lifelong Utah resident and Jazz fan who built software company Qualtrics before it sold for a reported $8 billion in November 2018. Smith had a longstanding relationship with the franchise, which included a philanthropic jersey path that raised over $25 million in recent years.

The Miller family, owners of the Jazz for 35 years, has overseen significant success: 16 50-win seasons, nine division titles and two Western Conference championships. Only the San Antonio Spurs have a better winning percentage than the Jazz (1470-1014, .592) since the 1989-90 season.

Gail Miller and his late husband, Larry, bought the team in the mid-1980s, making it a competitive franchise that reached two NBA Finals and were very close to winning if it wasn’t for Michael Jordan and the Chicago Bulls. They bought 50% of the franchise in May 1985 before they got the other 50% in 1986 to become principal owners.

Mrs. Miller talked about the purchase, saying she’s known Smith for quite some time now and the family felt it was the right time to give this responsibility to someone else, while they will keep minority investment in the team.

“I have known Ryan for several years and admire the values by which he and his wife Ashley live their lives,” said Gail Miller. “They have such love for and a connection to Utah and this team. Because of our friendship and several high-level conversations over the years, Ryan recently approached our organization to inquire about the possibility of purchasing the Utah Jazz and some of our other sports and entertainment properties. After much soul searching, lengthy discussions and extensive evaluations of our long-term goals, my family and I decided this was the right time to pass our responsibility and cherished stewardship of 35 years to Ryan and Ashley, who share our values and are committed to keeping the team in Utah. We have every confidence they will continue the work we have undertaken and moved the team to the next level. Our family remains invested in the success of the Utah Jazz and these businesses, and we will retain a minority interest.”

They have reached an agreement and now the NBA board of governors has the final say on this. They must approve the sale to make things official.

Follow on Google News

Thank you for being a valued reader of Fadeaway World. If you liked this article, please consider following us on Google News. We appreciate your support.

TAGGED:Utah Jazz Archive
Share This Article
Facebook Email Copy Link Print
ByOrlando Silva
Follow:
Orlando Silva has been a part of Fadeaway World for over three years now, starting in March 2019. Trade rumors, hottest news, controversies, and basketball gossip have become his specialties. After several years of seeing the Spurs dominate the playoffs, they've become his favorite team as players for the franchise either rise to the occasion or fall completely from grace. When he's not talking about the NBA, Orlando can be seen watching other sports, making music, or enjoying television series.
Previous Article Gilbert Arenas Says Steve Blake Punched Him At Practice: ‘Did The White Boy Just Throw A Punch At Me? Is That How We’re Working Here, Right?’
Next Article Vince Carter Was The Last Active NBA Player To Appear On The Nintendo 64
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Newsletter

Stay up to date with our newsletter on the latest news, trends, ranking lists, and evergreen articles

Newsletter
Facebook X-twitter Instagram

You Might Also Like

Every NBA Team's Best Starting Lineup Since 2000
NBA News & Analysis

Every NBA Team’s Best Starting Lineup Since 2000

October 3, 2025
Los Angeles, California, USA; Los Angeles Lakers head coach JJ Redick speaks to media before a Game 2 of the first round of the 2024 NBA Playoffs against the Minnesota Timberwolves at Crypto.com Arena. Mandatory Credit: Kiyoshi Mio-Imagn Images
Los Angeles Lakers News & Analysis

JJ Redick Explains Why Lakers Got Blown Out By Suns In Preseason Opener

October 4, 2025
Phoenix, Arizona, USA; Phoenix Suns guard Devin Booker (1) reacts against the Golden State Warriors at Footprint Center. Mandatory Credit: Mark J. Rebilas-Imagn Images
Phoenix Suns News & Analysis

Devin Booker Trolls Deandre Ayton During Lakers-Suns Game

October 4, 2025
Lonzo Ball
Cleveland Cavaliers News & Analysis

Lonzo Ball On Track For Major Redemption Season, Turning Heads At Training Camp

October 4, 2025

NBA - Fadeaway World

  • Atlanta Hawks
  • Boston Celtics
  • Brooklyn Nets
  • Charlotte Hornets
  • Chicago Bulls
  • Cleveland Cavaliers
  • Dallas Mavericks
  • Denver Nuggets
  • Detroit Pistons
  • Golden State Warriors
  • Houston Rockets
  • Indiana Pacers
  • Los Angeles Clippers
  • Los Angeles Lakers
  • Memphis Grizzlies
  • Miami Heat
  • Milwaukee Bucks
  • Minnesota Timberwolves
  • New Orleans Pelicans
  • New York Knicks
  • Oklahoma City Thunder
  • Orlando Magic
  • Philadelphia 76ers
  • Phoenix Suns
  • Portland Trail Blazers
  • Sacramento Kings
  • San Antonio Spurs
  • Toronto Raptors
  • Utah Jazz
  • Washington Wizards

Pages

  • NBA Trade Rumors
  • NBA Media
  • Exclusive NBA Interviews
  • NBA 2K News & Updates

© 2025 Fadeaway World @ All Rights Reserved

  • About Fadeaway World
  • Fadeaway World Authors
  • Editorial Team
  • Ethics Policy
  • Corrections Policy
  • Editorial Guidelines
  • Fact-Checking Policy
  • Contact Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?