Art Posted March 31, 2012 Report Share Posted March 31, 2012 (edited) ARTICLE . 03.31.2012. SI.COM . HORNETS NOW ONE OF NBA'S MOST PROMISING FRANCHISES.League sources say that Stern also wanted to use the Hornets to send a message to other owners and franchises. If the Hornets under interim NBA ownership could be run efficiently, in spite of all of the calamities around them, then what excuse did other teams have? Ian Thomas . SI.comIn his meetings with owners and executives of the other 29 teams, league sources say that Stern has been able to point out -- bluntly and with no little pride -- the financial success of his Hornets. Ian Thomas . SI.com One highly placed source believes there was simply a breakdown in communications between the Hornets and Stern, as information about the potential trade never reached Stern until he decided to end negotiations with the Lakers on Dec. 8, following the meeting with NBA owners to ratify the new CBA. Ian Thomas . SI.com Edited March 31, 2012 by Art Hues Quote Link to comment Share on other sites More sharing options...
Sħãlïq™ Posted April 5, 2012 Report Share Posted April 5, 2012 Stern: Deal close to keep Hornets in New Orleans Posted Apr 4 2012 9:09PMSALT LAKE CITY (AP) -- Commissioner David Stern says the NBA is close to finalizing a deal to keep the Hornets in New Orleans with a very favorable lease, important capital improvements, intense tax benefits and a new television deal. Stern made the comments Wednesday night before Utah's against Phoenix. He is in Salt Lake City for a luncheon that in part will honor late Jazz owner Larry H. Miller.Stern prefaced his comments by telling a joke, saying "soon" when asked about the Hornets' deal.But he said the league was in intense negotiations with three groups. He was hopeful he could tell team owners at a meeting next week that the deal was done, close or that he was on the verge of a deal.http://www.nba.com/2012/news/04/04/stern-hornets.ap/index.html?ls=iref:nbahpt2 Quote Link to comment Share on other sites More sharing options...
Sħãlïq™ Posted April 6, 2012 Report Share Posted April 6, 2012 (edited) David Stern: Hornets deal closeUpdated: April 5, 2012, 8:41 SALT LAKE CITY -- Commissioner David Stern said Wednesday night the NBA is close to finalizing a deal to keep the Hornets in New Orleans with a very favorable lease, important capital improvements, intense tax benefits and a new television deal. Stern made the comments before Utah's game against Phoenix. He's in Salt Lake City for a luncheon that in part will honor late Jazz owner Larry H. Miller. Stern prefaced his comments by telling a joke, saying "soon" when asked about the Hornets' deal. But he said the league was in intense negotiations with three groups. He was hopeful he could tell team owners at a meeting next week the deal was done, close or that he was on the verge of a deal. Stern also said he was more "hopeful than confident" the situation regarding Sacramento's arena would be resolved to keep the Kings from moving. "I'm very, very hopeful that it gets on track because I think the owners have a respect for the Maloofs, and I think the owners also have an enormous respect for what Sacramento has done over the years in supporting an NBA franchise," Stern said. "It's always been our first preference ... to keep a team where they're at if they're playing in a good facility."David Stern: Hornets deal close Edited April 6, 2012 by Sℏãℓïʠ Quote Link to comment Share on other sites More sharing options...
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