While Detroit Pistons prospects display their talents in the Las Vegas Summer League, there were rumors of a backroom move afoot to bring them, or another NBA franchise, to the Las Vegas Strip -- permanently.
According to a story in the Las Vegas Sun, an investment group headed by Chris Milam claims to have “an NBA team under contract,” but Milam refused to name the team.
With the Pistons being on the block, they, naturally, were a point of interest. But the focus now is shifting to the West Coast. A person with knowledge of the agreement says the Golden State Warriors have been sold for a record $450 million.
The person told the Associated Press today that Boston Celtics minority partner Joe Lacob and Mandalay Entertainment CEO Peter Guber won the bidding. The person spoke on condition of anonymity because the deal had not been formally announced. CNBC first reported the deal. Lacob and Guber beat out Oracle CEO Larry Ellison, who had been considered the favorite to buy the team from Chris Cohan.
Vegas Team???