Before we get ahead of ourselves, remember that pro basketball has become a business for billionaires.
The Houston Rockets changed hands last fall for a reported price of $2.2 billion, or roughly $2.1 billion more than Leslie Alexander paid for them in 1993. Forbes magazine estimated last week that every one of the NBA’s 30 franchises is worth at least $1 billion and that the average outfit appreciated by 22 percent last year alone. For more on this story, please go to courier-journal.com.
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