The NBA-owned New Orleans Hornets reportedly will be sold to current Saints owner Tom Benson, according to Nola.com. NBA.com’s David Aldridge is reporting the sale of the NBA franchise at $338 million:
The Hornets took a lot of criticism in the off-season when the NBA-owned franchise vetoed an all but aproved trade of Chris Paul to the Lakers before sending the unhappy PG to the Clippers for restricted free agent Eric Gordon and pending free agent Chris Kaman in an apparent move to shave future salary. The Hornets have struggled to be competitive this season with a roster full of NBA D-leaguers and backup-caliber players.
Benson has owned the Saints since 1985. His purchase of the Hornets was pending approval by the NBA Board of Governors as of Friday morning. Benson submitted an offer to purchase the Hornets earlier this season but pulled out due to the asking price. If approved, Benson would own 100% of the Hornets franchise.
Benson’s Saints have been in the headlines lately for the bounty system that was in place under former defensive coordinator Gregg Williams. The Saints were hit with multiple penalties and suspensions, including a fine of $500,000 and yearlong ban of head coach Sean Payton.