It's official: Capitals owner Ted Leonsis is now also the new owner of the Washington Wizards. The family of former owner Abe Pollin released a statement saying their deal with Leonsis has been finalized, according to the Washington Post.

The Abe Pollin family has finalized a deal with Washington Capitals owner Ted Leonsis to sell him the family's share of the Washington Wizards and Verizon Center, the family announced in a statement today.    

SB Nation's Wizards blog Bullets Forever has a one-word response to the news. 

YAY!    

Much more on this story as it develops.