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  1. Governor admits Louisiana has to pay Hornets $7 million

    Mar 15, 2011, 11:53 AM EDT

    Detroit Pistons v New Orleans Hornets

    Part of the deal the Hornets have with the state of Louisiana (which owns their arena) is that if the Hornets do not meet certain revenue benchmarks, the state has to make them up. Gov. Bobby Jindal said Monday the state will have to pay the team about $7 million this season, the Times-Picayune reports.…

  2. Governor says state will help keep Hornets in New Orleans, so long as nobody asks for cash

    Dec 6, 2010, 9:16 PM EDT

    Milwaukee Bucks v New Orleans Hornets

    The state of Louisiana is right in the middle of the now official league purchase of the New Orleans Hornets — the team plays in the state-owned New Orleans Arena. David Stern said in his conference call on the league taking control of the team that he hoped to see more financial assistance from the…

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