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Granik Joins Sports Investment Firm

Wednesday, October 18, 2006

Former NBA deputy commissioner Russ Granik has joined Galatioto Sports Partners, a New York investment firm that specializes in sports team sales in North America and Europe, the firm announced yesterday.

"I'm flattered that Russ chose to join us given all the other options that he had," said Salvatore Galatioto , president of Galatioto Sports Partners. "Russ has incredible contacts, is really smart and has the perfect temperament for our firm."

Granik, 58, was NBA Commissioner David Stern 's right-hand man and was the NBA's chief negotiator for several collective bargaining agreements, starting in 1988. He also helped oversee its television contracts with NBC and Turner Broadcasting.

Granik also is chairman of the board of the Naismith Memorial Basketball Hall of Fame in Springfield, Mass., where he has been a trustee and member of the executive committee since 1984.

-- Thomas Heath

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