Mat Ishbia, the former Michigan State University guard turned billionaire executive, is finalizing a purchase of the Phoenix Suns from embattled owner Robert Sarver, according to ESPN’s Adrian Wojnarowski.
The deal is reportedly valued “in the neighborhood of $4 billion,” a record price for the NBA.
Ishbia played three seasons as a walk-on at Michigan State, coming off the bench for a single minute apiece in the 2000 NCAA championship victory against Florida and a 2001 Final Four loss to Arizona.