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Ted Leonsis Finalizes Deal With Pollin Family, Will Become New Wizards Owner

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. 


Much more on this story as it develops.