|Arena management says pact will keep Hornets in New Orleans through 2014|
|Written by Admin|
|Wednesday, 09 January 2008 10:22|
A news release Wednesday from the arena said the extension essentially makes up for the time the team spent when it relocated to Oklahoma City following Hurricane Katrina in 2005.
The extended lease agreement includes specific benchmarks. For instance, it provides that the Hornets can opt out of the agreement if the team fails to draw an average attendance of 14,735 at the end of the 2008-09 season.