Spurs CEO Holt retires after 20 years with model franchise - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

Spurs CEO Holt retires after 20 years with model franchise

By RAUL DOMINGUEZ
Associated Press

SAN ANTONIO (AP) - San Antonio Spurs CEO and chairman Peter Holt, whose selfless ownership is credited with helping the team win five NBA championships, is retiring after 20 years running one of sports' elite franchises.

He will be replaced as CEO by his wife, Julianna and, per her request, Spurs president of business operations Rick Pych. The team says Wednesday that Peter Holt will remain on the team's board of managers, but his wife will take over his role on the NBA's Board of Governors.

Holt first joined the Spurs as a minority owner in 1993, but was named CEO and chairman in 1996 after becoming team's largest shareholder.

It was under Holt's guidance that the Spurs hired former assistant coach Gregg Popovich as general manager in 1994. Popovich became the team's coach on Dec. 10, 1996, and has led San Antonio to five championships and 19 straight postseason appearances.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Ole Miss football coach Hugh Freeze resigns

    Ole Miss football coach Hugh Freeze resigns

    Thursday, July 20 2017 7:58 PM EDT2017-07-20 23:58:48 GMT
    Thursday, July 20 2017 11:25 PM EDT2017-07-21 03:25:57 GMT

     Football coach Hugh Freeze would have been released under a moral conduct clause in his contract if he had not resigned, Ole Miss officials said.  

    More >>

     Football coach Hugh Freeze would have been released under a moral conduct clause in his contract if he had not resigned, Ole Miss officials said.  

    More >>
  • From sports star to inmate: OJ Simpson to plead for parole

    From sports star to inmate: OJ Simpson to plead for parole

    Wednesday, July 19 2017 2:48 PM EDT2017-07-19 18:48:06 GMT
    Thursday, July 20 2017 3:04 AM EDT2017-07-20 07:04:25 GMT
    Decades after dazzling sports fans and movie audiences, an aging O.J. Simpson will ask for parole after spending more than eight years in a remote Nevada prison for armed robbery and assault with a weapon.More >>
    Decades after dazzling sports fans and movie audiences, an aging O.J. Simpson will ask for parole after spending more than eight years in a remote Nevada prison for armed robbery and assault with a weapon.More >>
  • Shark jumps out of water during surf competition

    Shark jumps out of water during surf competition

    Wednesday, July 19 2017 7:59 PM EDT2017-07-19 23:59:49 GMT
    Wednesday, July 19 2017 7:59 PM EDT2017-07-19 23:59:49 GMT

    Organizers decided to shut down for the day to keep surfers safe.

    More >>

    Organizers decided to shut down for the day to keep surfers safe.

    More >>
Powered by Frankly