NEW ORLEANS (AP) - NBA Commissioner David Stern says the league is proceeding with its plan to buy the New Orleans Hornets from majority owner George Shinn and minority owner Gary Chouest.
Stern confirms that the league has recruited New Orleans native Jac Sperling to be the NBA's administrator of the team. Sperling is a sports attorney and the vice chairman of the NHL's Minnesota Wild.
The Hornets will be the first NBA team owned by the league. The NBA says the sale still must be approved by the NBA's Board of Governors, which will likely vote on the matter next week.
Shinn founded the Hornets in 1988 in Charlotte and moved them to New Orleans in 2002. He has been trying since last spring to sell the team to minority partner Gary Chouest, but those negotiations stalled.