Hornets sold for 338 million to Tom Benson (Saints owner)

[Moranis]

http://tracking.si.com/2012/04/13/report-new-orleans-hornets-to-be-sold-to-saints-owner-tom-benson/?sct=hp_t2_a10&eref=sihp

The New Orleans Hornets are to be sold to New Orleans Saints owner Tom Benson for $338 million, according to David Aldridge of NBA.com.

    David Aldridge

        ✔

    @daldridgetnt

    Hornets to be sold for $338M to Saints owner Tom Benson, per source. Story up soon on NBA.com.
    13 Apr 12

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Former Hornets owner George Shinn was forced to sell the franchise to the NBA due to financial troubles in December of 2010. The Hornets are the league’s first league-owned team.

Benson has owned the Saints since 1985.

[Employee8]

Gonna be years before the Stern stink is aired out in New Orleans.

[Jeff]

actually, I think there was a SI article talking about what a good position they were in going forward

gonna need the right people making decisions, but they are on track at least

[Donoghus]

Its interesting to see that the Celtics were sold nearly 10 years ago for roughly $360 million and, a decade later, one of the more downtrodden teams in the league gets sold for nearly that.

[LooseCannon]

Bounties on Chris Paul and Blake Griffin?

[Moranis]

Bounties on Chris Paul and Blake Griffin?

I was waiting for that.

[CFAN38]

Moving forward the NBA has left the Hornets with a decent foundation to build on.

2013 (using draft express's mock)

PG  Jack
SG  Gordan (will be over payed)
SF  Kidd-Gilcrest
PF  T Zeller
C   Okafor

6th Ariza
7th Belinelli
8th Ayon
9th Smith
10th Vasquez

[Kane3387]

NO is in a great position considering they just lost their franchise star. They could very likely be fielding a core of Eric Gordon, Anthony Davis, and Perry Jones 3/Jared Sullinger next year with a ton of cap space.

[JSD]

Its interesting to see that the Celtics were sold nearly 10 years ago for roughly $360 million and, a decade later, one of the more downtrodden teams in the league gets sold for nearly that.

The Hornets came with some nice real estate. Plus, the USD purchasing power has weakened since that time. Both are contriubuting factors.

[Eddie20]

Can't help but think how much more attractive the team would've been with Rondo there, and signed for multiple years, instead of restricted FA to be Eric Gordon. At least David Stern saved Demps from himself because Benson could've been looking at a team centered around Odom, Scola, Martin, and Okafor.

[OmarSekou]

Huge news. The future is much brighter than if the NBA kept control of the team. And recent scandal aside, the Saints have been a well run organization.