Joe Nicosia and Pitt Hyde, the representatives of Local Ownership on the Grizzlies Executive Committee, issued the following statement Tuesday:
“We would like to thank Jason for his contributions to Memphis and wish him well in his future endeavors. We fully support Robert in his building of a world class organization and look forward to continuing to work in concert to achieve our ultimate goal of bringing a championship parade down Beale Street. We are confident that as the 2014-2015 season draws near, all of Grizz Nation will share in our excitement regarding the future of this organization."