Saints owner Benson buys NBA's Hornets

[NewsCopy]

Tom Benson, the NFL's New Orleans Saints owner, has agreed to purchase the Hornets from the league for $338 million, a person with knowledge of the deal told USA TODAY Sports on Friday. The league had purchased the Hornets from George Shinn for $318 million in December 2010 because of that owner's financial problems.

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[Turner]

Good to see all the survival money from the state put to good use.

[CajunEXPRESS]

Good to see all the survival money from the state put to good use.

One thing Benson has learned is that a winner makes the owner more money than a loser. I like this if it is true. He is 84 and counting but his grandaughter is a smart young women who has a lot to do with the Saints success. Look for him to hire a greaat business manager to be president and gm, and that guy in turn a great coach. Actually I think we currently have a gerat coach who could do a lot with some first line NBA players.

[CajunEXPRESS]

NBA Network just announced that the NBA and Saints owner Tom Benson have reached a tentative agreement for $338.0 millionto buy the Hornets, confirming earlier stories.

[The Floridian]

Good news for the Bees/Whatever-name-might-be-changed-to. Could use some good news after seeing my Magic get killed by Atlanta.

[axg8750]

He spends $338 million on a basketball team then turns around and tells a top 3 qb in the league he can't afford 10 million more to sign him.

[CajunRebel]

He spends $338 million on a basketball team then turns around and tells a top 3 qb in the league he can't afford 10 million more to sign him.

But um, like, there's a salary cap bro.

[CajunEXPRESS]

He spends $338 million on a basketball team then turns around and tells a top 3 qb in the league he can't afford 10 million more to sign him.

It ain't a cash issue, it is a "team" issue. There is no coincidence that the top three paid quarterbacks teams have sucking defenses, all of them pay one position too much, of course without that position the others matter very little. It is a balancing act.

Benson by league contract with the player association haas to almost maximize the salary cap every year. Let's not make it a Benson is a tightwad, he never was. He just plain threw money into the wrong oil wells for decades, and if he fails to land Brees he will have throw money down a bad well.

It is a game of chicken, Brees will sign he cannot ever get what a year without pay back, the Saints have no other options. The important thing is neither can afford him not going to practice, especially without Payton.

[RedCajun]

He spends $338 million on a basketball team then turns around and tells a top 3 qb in the league he can't afford 10 million more to sign him.

Yeah let's gut the entire team to pay 1 player 5 million more per year than the next highest paid player in the league.....

[veedreen]

hey maybe they can make a trade with Utah for the name Jazz. Utah Jazz sounds stupid

[axg8750]

I just thought it was ironic. I know there is a salary cap.

[The Floridian]

hey maybe they can make a trade with Utah for the name Jazz. Utah Jazz sounds stupid

Charlotte wants to ditch the"Bobcats" name.