Posted: Apr 5, 2012 8:51 AM
Source: Sports 2
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 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.