AP source: Ishbia agrees to buy Suns, Mercury for $4 billion
Phoenix Suns center Deandre Ayton shoots over Los Angeles Lakers center Thomas Bryant (31) during the second half of an NBA basketball game, Monday, Dec. 19, 2022, in Phoenix. (AP Photo/Rick Scuteri)

Phoenix Suns center Deandre Ayton shoots over Los Angeles Lakers center Thomas Bryant (31) during the second half of an NBA basketball game, Monday, Dec. 19, 2022, in Phoenix. (AP Photo/Rick Scuteri)

Dec. 19, 2022 11:31 PM EST
FILE -Former Michigan State player Mat Ishbia laughs as he are introduced along with Michigan State's 2000 national championship NCAA college basketball team during halftime of the Michigan State-Florida game in East Lansing, Mich. Mortgage executive Mat Ishbia has agreed in principle to buy the Phoenix Suns and Phoenix Mercury from the embattled owner Robert Sarver for $4 billion, a person with knowledge of the negotiations told The Associated Press on Tuesday, Dec. 20, 2022. (AP Photo/Al Goldis, File)

FILE -Former Michigan State player Mat Ishbia laughs as he are introduced along with Michigan State's 2000 national championship NCAA college basketball team during halftime of the Michigan State-Florida game in East Lansing, Mich. Mortgage executive Mat Ishbia has agreed in principle to buy the Phoenix Suns and Phoenix Mercury from the embattled owner Robert Sarver for $4 billion, a person with knowledge of the negotiations told The Associated Press on Tuesday, Dec. 20, 2022. (AP Photo/Al Goldis, File)

Dec. 20, 2022 01:47 PM EST