NBA Reaches Agreement to Buy New Orleans Hornets, AP Reports
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The National Basketball Association has reached an agreement to purchase the New Orleans Hornets from George Shinn and oversee a sale to a more permanent owner, the Associated Press reported.
Sports attorney Jac Sperling will be the NBA’s administrator for the Hornets, who would be the first team owned by the league, AP said, citing an unidentified person familiar with the decision. Sperling is vice chairman of the National Hockey League’s Minnesota Wild.