NEW ORLEANS (AP) -The management of the New Orleans Arena said the Hornets have reached an agreement with the state on a two-year lease extension to keep them in the state-owned arena through 2014.
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.

Top NBA Public Bets

NBA Top Stories

Thumbnail Celtics improving Finals odds The Boston Celtics are showing signs that they want to be in the hunt to win the NBA Finals next season. Do oddsmakers feel the Celtics are...
Thumbnail Warriors re-sign Curry, Iguodala The Golden State Warriors are committed to keeping their championship team together. The team re-signed a number of players last week to improve their odds to...
Thumbnail Paul George joins the Thunder The Oklahoma City Thunderwon the Paul Georgesweepstakes last week. How has this impacted the team’s ability to win the NBA...
Thumbnail Rockets improve Finals odds After making a big splash this week, are the Houston Rockets making a push to win the 2018 NBA Finals?
Thumbnail Updated NBA Finals Odds After a busy week with the NBA Draft taking place, which team improved their odds to win the 2018 NBA Finals?

NBA Team Pages