NBA To Discuss Future Of New Orleans Hornets, Possible Takeover

The NBA has scheduled a 4:30 PM Eastern conference call to answer questions about and possibly announce a reported takeover of the New Orleans Hornets.

This weekend news broke that the league was close to negotiating a purchase of the Hornets franchise from longtime owner George Shinn. The NBA is expected to manage the team while looking for a permanent owner who would vow to keep the Hornets in New Orleans.

Rumors suggest Hornets president Hugh Weber -- the brother-in-law of Shinn -- would remain in place, as would general Dell Demps. The Hornets are on pace to fail to meet attendance standards that, if not exceeded by January 31, 2011, would allow the team to break its lease with New Orleans Arena, paying the state of Louisiana a severance fee of just $10 million.

That would open up plenty of options for the Hornets, provided that the franchise has an owner by this spring, when a relocation decision would have to be made.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.