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NBA approves sale of Hornets

Updated: June 14, 2012, 10:23 AM ET
Associated Press

NEW ORLEANS -- The NBA says the league's board of governors has voted to approve the sale of the New Orleans Hornets to New Orleans Saints owner Tom Benson.

A one-sentence statement released by the NBA on its Twitter page Wednesday night says the transaction is expected to close this week.

Benson and NBA commissioner David Stern announced in April that the Saints' owner had agreed to purchase the Hornets from the league and officials confirmed a sale price of about $338 million.

The ...

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