Sep 15, 2011, 10:44 AM EDT
The NBA’s economic model is so broken that wealthy potential owners of new franchises keep lining up despite the league being locked out.
That includes people willing to buy and keep the New Orleans Hornets in the Crescent City, despite that having been a tough NBA market for decades.
Talks with potential owners are going to start soon, said NBA appointed head honcho Jack Sperling in talks with the Associated Press.
The NBA’s appointed governor of the league-owned New Orleans Hornets said Wednesday that he is nearly ready to begin negotiations with “a handful” of potential buyers who have expressed interest in purchasing the club and keeping it in Louisiana.
“We have improved the financial situation of the team, and now we’re getting ready to start to talk, to have serious dialogues … with potential buyers,” Sperling said Wednesday night while attending a social event aimed at boosting community support.
Question number one for any new ownership group will be can they keep Chris Paul — the point guard that is not only the team’s best player but also the face of its marketing and biggest draw at the gate. He can opt out after next season to become a free agent. He will have options.
And in spite of that potential new owner are lined up. How bad an economic model can the NBA really have?
- Reports: Paul Pierce agrees to three-year, $10 million contract with Los Angeles Clippers 18
- Report: LaMarcus Aldridge rules out Lakers in free agent decision 93
- Reports: Phoenix Suns sign Tyson Chandler, re-sign Brandon Knight, try to reshape roster 11
- Kevin Love will return to Cavaliers, contract is reportedly $110 million over five years 78
- Report: Spurs reach deal to trade Tiago Splitter to Hawks, create cap space for LaMarcus Aldridge offer 27
- Report: Heat, Goran Dragic agree to five-year deal worth $90 million 46
- Report: Paul Millsap had midnight meeting with Orlando, will decide between Magic and Hawks 17
- Report: Blazers, Damian Lillard nearing agreement on five-year max contract extension worth $120 million 17