Click here to Skip to main content
LATEST HEADLINES - NBA NEWS

Hornets sale to Saints owner Benson official


Posted Jun 15 2012 7:28PM

NEW ORLEANS (AP) -- Saints owner Tom Benson has officially gained control of the New Orleans Hornets from the NBA.

The completion Friday of the $338 million sale of the NBA club comes two days after the league's board of governors approved the decision to sell to Benson. As part of the deal, Louisiana Gov. Bobby Jindal has approved the Hornets' lease extension at the state-owned New Orleans Arena, which runs through 2024 and provides for $50 million in improvements.

Benson agreed in April to buy the Hornets. The team had been owned by the NBA since December of 2010.

The Hornets recently have been awarded the top pick in the June 28 NBA draft and are expected to select Kentucky's Anthony Davis. New Orleans also has the 10th overall pick.

SEARCH NEWS
LATEST VIDEOS
photoPost-Scrimmage: David Blatt
Cavaliers Head Coach David Blatt talks to the media following Wednesday's Wine & Gold Scrimmage.
photoPost-Scrimmage: Kevin Love
Kevin Love addresses the media following the Cavaliers' Wine & Gold Scrimmage.
photoPost-Scrimmage: LeBron James
LeBron James addresses the media following the Cavaliers' Wine & Gold Scrimmage.
photoOpen Court Preview: Charles on C-Webb
Charles Barkley talks about what made Chris Webber a great player in the league.
photoOpen Court Preview: Makings of a Great Player
Shaq, Isiah and Kenny discuss what makes a great player.

Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of NBA.com may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices Ad Choices

NBA.com is part of Turner Sports Digital, part of the Turner Sports & Entertainment Digital Network.