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NBA commissioner close to finalizing deal with Hornets

3 years ago Thursday, April 05, 2012 6:51:54 AM CDT April 05, 2012 Thursday, April 05 2012 Apr 5, 2012 in Sports
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.

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