NBA PLAYOFFS / UPDATE : CLIPPERS : Rockets to Be Sold After Playoffs
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Associated Press
Houston Rocket owner Charlie Thomas announced Friday he had signed a contract to sell the NBA team to a Florida businessman for an undisclosed amount.
The deal, reported to be worth about $80 million, will not be completed until after the Rockets are finished in the playoffs, the team said in a news release.
Les Alexander, of Boca Raton, Fla., and Dallas businessman Bill Esping had reportedly made an offer for the franchise and paid the required $100,000 non-refundable deposit.
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