Hoops Talk: 76ers Hire Former Rockets GM Daryl Morey; Longtime Jazz Owners Sell Team

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HOUSTON, TX - JULY 13: Houston Rockets general manager Daryl Morey listens as Dwight Howard is officially introduced as a Houston Rocket during a press conference on July 13, 2013 in Houston, Texas. (Photo by Bob Levey/Getty Images)

There's a lot going down in the NBA sphere this week, including the news that former Houston Rockets GM Daryl Morey is planning on signing a five-year deal with the Philadelphia 76ers to become the team's president of basketball operations.

ESPN's Adrian Wojnarowski leaked the story on Wednesday, noting that the two parties began chatting shortly after Morey and the Rockets announced their split about two weeks ago following a rough ending in the Western Conference playoffs.

26-year-old insider Shams Charania confirmed the timing and deal length minutes later. 

Morey is known for being an analytics pioneer in the league. Michael Lewis, the author of 'Moneyball,' even wrote a book about his data-driven approach, inspiring a nickname for the way he likes to play: "Moreyball." 

"For me, it was just a great run," Morey told ESPN at the time his exit from the Rockets was made public. "Personally, the timing worked for me. My youngest son just graduated from high school, and it was just the right time to see what's next with family and other potential things in the future. It just felt like the right time."

With a proven executive and former colleague calling the shots now, 76ers new head coach Doc Rivers isn't wasting any time making moves. He just lured Sam Cassell away from his former Clippers squad.

Another story making headlines is that Gail Miller has sold the Utah Jazz and its Vivint Smart Home Arena to Ryan Smith, founder of the software company Qualtrics, for $1.66 billion after a 35-year ownership tenure.

According to ESPN, Smith, 40, is a passionate Jazz fan and Utah resident who "dreamed of playing for the Jazz" as a kid. He's no player but he still made it!