The days of the NBA owning the New Orleans Hornets are all but over. This morning, the League reached a tentative agreement with New Orleans Saints owner Tom Benson to buy the team for $338 million, according to sources close to the discussions. From the New Orleans Times Picayune, who first reported the sale: “Benson will own 100 percent of the team. The purchase price has not been announced, but it is expected to be in the neighborhood of $340 million. Benson initially bid for the team in January but walked away. He re-emerged about two weeks ago as a potential buyer.”
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