No “Express” for Memphis in the NBA

The National Basketball Assn. (NBA) says FedEx Corp. has every right to buy the name to the new arena proposed for downtown Memphis, but it can’t pay the league to name the team. In response, the transportation and logistics company reduced its multimillion-dollar role in trying to attract the Vancouver Grizzlies to its hub city. Joel Litvin, executive vp of legal and business affairs for the NBA, said FedEx offered Grizzlies owner Michael Heisley $100 million if he’d move his team to Memphis and rename it the “Express.” The company had considered approval of a corporate nickname a “long ...

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January 2010

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