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Hornets sale not dead yet, just world’s slowest transaction

Oct 11, 2010, 9:19 AM EDT

Image (1) hornets_logo-thumb-250x269-11676.gif for post 1976

Yesterday we passed along a New York Daily News report that the sale of the New Orleans Hornets was dead, but that may just have been wishful New York thinking about ways to get Chris Paul.

Turns out the deal is not dead… dragging out forever, sure. But not dead.

J. Michael Falgoust of the USA Today tweeted that sale is not dead. That was followed by a report out of the Times-Picyune saying the same thing.

Hornets’ owner George Shinn had an agreement in principle to sell the team to minority owner Gary Chouest, but they have been working on a deal since before April (the first time we heard of it). Since then the talks have dragged on and on and on. But the signs are still there.

This could go down in the coming weeks, although if it dragged out another two months nobody would be shocked.

Still the signs are there. The Hornets played a game the other day and no member of the Shinn family — the owners of the team — was there. But Gary Chouest was.

This could be what the Hornets need to keep Chris Paul — Chouest is a billionaire who could come in and be willing to spend to get the kind of players the Hornets need to keep CP3 happy and in town.

Or not, may be he turns around and trades him. We don’t know what kind of owner he will be, all we know is he is in the mix.

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