Saints owner Tom Benson will purchase the New Orleans Hornets
Early leaks indicate that Benson will pay $338 million for the Hornets. The team has been owned by the NBA since December of 2010,
"We expect this club to be one of the most outstanding clubs in the league, otherwise I don't want to get involved," new owner Tom Benson told ESPN. "This is just a good thing and I'm just glad to be a part of it."
Benson is paying straight cash, homey. He does not require financing, and he will be the sole owner with no minority ownership stakes.
The Hornets' main attraction these days is pretty much those cheerleaders and that mascot you see above. I could have gone with a picture of Chris Kaman, but oh you do not want to see that guy's appearance these days.
The Hornets have the worst record in the Western Conference. They have achieved nothing of note since trying to trade Chris Paul to the Lakers prior to this season, getting vetoed by the very same league office that owned them, and then trading Paul to the Los Angeles Clippers.
The Hornets did manage to take the series six games when they faced the Lakers in last season's NBA playoffs. This season, though, has been a bigger disaster than the blazer Emeka Okafor is wearing to the left.
Besides Kaman and Okafor, the Hornets' other players of note include Eric Gordon, Trevor Ariza, and Jarret Jack. You would be forgiven for not realizing any of this.
The new New Orleans Hornets owner Tom Benson is an 85-year-old New Orleans native who has owned the NFL Saints franchise since 1985. The NFL has cleared Benson of any wrongdoing in the Saints' bounty scandal.
The team originated as the Charlotte Hornets in 1998, and moved to New Orleans in 2002. They played in Oklahoma City during the post-Katrina era, and returned to New Orleans in 2007.