• My Scores
  • Golf
  • MLB
  • NBA
  • NHL
  • NFL Draft

Stern: Deal close to keeping Hornets in New Orleans

CBSSports.com wire reports
  •  

SALT LAKE CITY -- 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.

Copyright 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
  •  
 
 

Biggest Stories

CBSSports Facebook Google Plus
COMMENTS
Conversation powered by Livefyre
 

Latest

Most Popular

CBSSports.com Shop

Brooklyn Nets Own the Playoffs T-Shirt

NBA Playoff Bound Gear
Get yours today!
Shop Now