NBA nearing take over of New Orleans Hornets' operation; source indicates David Stern's desire to keep team in New Orleans
 

The NBA is poised to assume ownership of the New Orleans Hornets in the next few days, and published reports have someone with local ties overseeing the transition and eventual sale of the club. Jac Sperling, vice chairman of the...

Read the full article at NOLA.com...

Bye bye Hornets... we were only delaying the inevitable.

I'm afraid you're right paps... we should know by March.

Hoping NOLA can keep the Hornets, but I find it really weird that the NBA just took control of a team a few months after Stern said they might look into contraction soon.

I don't understand the deal with contraction... I mean what, you pay like 400 million dollars to take over a team, and then just eliminate it? How does that make financial sense?

It makes sense if they can move the team to a profitable market.

I still think there's a chance the Choest family will buy the team but I doubt it.

Nobody else in town has the money except for maybe Benson and phyllis taylor....pat taylor's widow.

I'm honestly tired of the NBA and their BS. First they over-extend the league and water it down, then they're always threatening to move teams. I'm personally ready for them to leave.

They do this in mid-season, they did ZERO marketing of the team this year (or ever) and now the house will be less packed and they blame it all on the fans.

.... There is the issue of an NBA caliber arena in New Orleans still...