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Hornets to be sold to Saints owner Tom Benson for $338 million

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Tom Benson, the long-time owner of the New Orleans Saints, now will own both professional sports teams in that market.

Benson has reached a deal to buy the team for $338 million, reports David Aldridge of NBA.com.

The league reached a tentative agreement early Friday morning with New Orleans Saints owner Tom Benson to buy the team for $338 million, according to a source with knowledge of the discussions.

The NBA Board of Governors had been expected to approve a sale of the team at its meetings this week in New York. Going into the week a California-based group led by Mike Dunleavy and Raj Bhathal was considered the front runner. But Benson stepped forward able to buy the team himself, without a group of investors, and that plus his ties to New Orleans apparently swayed the other owners.

A source indicated that Tom Benson spoke with Stern on Monday, and the deal came together quickly after that discussion. Benson will have to pay approximately 10 percent of the purchase price immediately. The NBA’s Finance Committee is expected to approve the sale Friday morning before the Board of Governors meeting adjourns, with final approval on the sale expected later in the spring.

The Times-Picayune broke the story this morning.

The NFL used to have strict rules against their owners also owning teams in other sports, but that has been relaxed to allow owners to have multiple teams in the same market, according to ProFootballTalk at NBC.

The league bought the Hornets from George Shinn, who tried his hardest to run that team into the ground and ruin the market like he had done in Charlotte. That sale price was reportedly $318 million (so the owners turn a small profit on the deal). While operating the team the NBA was able to negotiate a new, more favorable lease deal for the New Orleans Arena — a deal that keeps the team in the city through 2024 — and to build up the season ticket and fan bases in the city. That plus a new CBA that is more favorable to small markets made the Hornets attractive to investors.

The fans in the Big Easy have stepped forward to support the team. They deserve stable ownership and now they have it.

Timberwolves coach and president Tom Thibodeau thanks Kevin Garnett after retirement announcement

BOSTON, MA - APRIL 28: Kevin Garnett #5 of the Boston Celtics sits not he bench prior to Game Four of the Eastern Conference Quarterfinals of the 2013 NBA Playoffs against the New York Knicks on April 28, 2013 at TD Garden in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jared Wickerham/Getty Images)
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Tributes have poured in all over the NBA world since Kevin Garnett announced his retirement on Friday afternoon — from other players, commissioner Adam Silver and media members who covered him. Garnett and Tom Thibodeau have a lengthy history together: Thibodeau coached Garnett in Boston as an assistant under Doc Rivers, and they won a championship in 2008. This spring, Thibodeau took over as head coach and president of basketball operations for the Minnesota Timberwolves, the team that drafted Garnett, saw his best years and saw him end his career. Thibodeau released a heartfelt statement on Saturday congratulating Garnett:

“I would like to take this opportunity to congratulate and thank Kevin for all of his great accomplishments and contributions to the NBA, the Minnesota Timberwolves organization, and for me personally with the Boston Celtics. Kevin combined great talent with a relentless drive and intelligence. I will always cherish the memories of the way in which he led the Celtics to the 2008 NBA Championship. His willingness to sacrifice and his unselfishness led us to that title. Kevin will always be remembered for the way in which he played the game. His fierce competitiveness, his unequalled passion for the game, and the many ways in which he cared about this team was truly special. KG is without question the all-time best player to wear a Minnesota Timberwolves jersey, and he is also one of the best to ever play this game.”

It’s a shame that Thibodeau didn’t get to coach Garnett again in Minnesota, but the team is in good hands with Andrew Wiggins and Karl-Anthony Towns.

Pacers unveil 50th anniversary patch for their uniforms (PHOTO)

NEWARK, NJ - MARCH 28:  Leandro Barbosa #28 of the Indiana Pacers looks on against the New Jersey Nets at Prudential Center on March 28, 2012 in Newark, New Jersey. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Chris Chambers/Getty Images)
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The Indiana Pacers have been a franchise for 50 years — 10 in the ABA and 40 in the NBA. To celebrate this anniversary, they’ve unveiled a new patch that they will wear on their uniforms this season. You can check it out below:

It looks pretty sleek, combining the Pacers’ logo with the zero in “50.” It’s subtle and well-designed.

Kobe Bryant pays tribute to Kevin Garnett on Twitter

LOS ANGELES, CA - JUNE 12:  Kobe Bryant #24 of the Los Angeles Lakers puts a shot up over Kevin Garnett #5 and Paul Pierce #34 of the Boston Celtics in Game Four of the 2008 NBA Finals on June 12, 2008 at Staples Center in Los Angeles, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Stephen Dunn/Getty Images)
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This summer, three of this generation’s defining NBA players, and three of the greatest players of all time, called it a career: Tim Duncan, Kobe Bryant and Kevin Garnett. The latter two in particular had a lot in common, as psychotic competitors and polarizing personalities. They had many memorable battles over the years, including the Lakers-Celtics Finals in 2008 and 2010 (they each won one) and the playoffs in 2003 and 2004, when Garnett was in Minnesota. On Saturday afternoon, a day after Garnett officially announced his retirement, Kobe paid tribute to him with a tweet.

The next time they’ll be together is 2021, when they go into the Hall of Fame together.

Doc Rivers calls anthem protests “the most patriotic thing we can do”

OAKLAND, CA - MARCH 23:  Head coach Doc Rivers of the Los Angeles Clippers shouts to his team during their game against the Golden State Warriors at ORACLE Arena on March 23, 2016 in Oakland, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ezra Shaw/Getty Images)
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With the NBA season around the corner, there are a lot of eyes on how teams and players will handle the national anthem protests that have become prominent in the NFL. Clippers head coach Doc Rivers wholeheartedly supports the notion of his players participating, and hopes the whole team can figure out a statement to make together. Via Dan Woike of the Orange County Register:

“Listen, we need social change. If anyone wants to deny that, they just need to study the history of our country,” he told the Southern California News Group on Friday. “… I’ve said it 100 times. There’s no more American thing to do than to protest. It’s the most patriotic thing we can do. There are protests I like and protests I don’t like. It doesn’t matter. …Protests are meant to start conversation. The conversation, you hope, leads to acknowledgement, and the acknowledgement leads to action. We’re, right now, still in the conversation.”

“I hope we do it as a group. I know whenever you protest as one solid group, the protest has more teeth if you want to protest,” he said. “… I’m supporting our guys’ right to protest. I’m saying that up front. My hope is you believe it and do it for the right reasons and not just because it’s a hot topic on Instagram.

Rivers has a unique perspective — his father was a police officer, but he’s seen plenty of racism in his life. This won’t be his first time leading a team when it comes to social issues — he was able to unite the Clippers in the spring of 2014 when the Donald Sterling racism scandal broke. It’s encouraging to see NBA coaches trending towards fostering open dialogue on their teams about these issues.