SALT LAKE CITY: The majority interest of the Utah Jazz is being sold to technology entrepreneur Ryan Smith, a move that when formally approved by the NBA will end the Miller family’s 35-year run as owners of the franchise.

The Jazz said Wednesday (Thursday in Manila) that “definitive agreements” have been struck with Smith on the sale of the team, Vivint Arena, the team’s G League affiliate and management of a Triple-A baseball club. Part of those agreements call for the team to remain in Utah.

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