The Memphis Grizzlies are a professional basketball team base in Memphis, Tennessee. They are part of the Southwest Division of the Western Conference in the National Basketball Association (NBA). The team was established in 1995 in Vancouver, British Columbia, along with the Toronto Raptors, as part of the NBA's expansion into Canada. The Grizzlies relocated to Memphis in 2001. The team's majority owner is Michael Heisley, who controls a 95% share of the franchise; the remaining 5% is controlled by several local owners, including AutoZone founder J.R. ("Pitt") Hyde, equity manager Staley Cates, and former NBA player and University of Memphis point guard Elliot Perry.