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Sport Rockets are for sale, team CEO Tad Brown announces

23:54  17 july  2017
23:54  17 july  2017 Source:

BREAKING: Rockets Agree to Record Contract Extension With James Harden

  BREAKING: Rockets Agree to Record Contract Extension With James Harden ​The Houston Rockets are not messing around this offseason. If it feels like they've been involved in a new move some way or another every day, you wouldn't be that far off. After landing ​Chris Paul in a ​blockbuster trade with the Clippers, the Rockets then scooped up free agent ​P.J. Tucker to add some more, much needed lockdown defense.

The Houston Rockets are now for sale . It isn't known when a sale could happen, but Brown doesn't believe there will be any rush. Forbes recently valued the team at over .5 billion.

Brown said owner Leslie Alexander is looking for a buyer who will keep the Rockets in Houston.

James Harden © (Getty Images) James Harden

The Rockets could be yours.

Team CEO Tad Brown made the announcement Monday that the team is for sale, saying owner Leslie Alexander wants to "(change) the fabric of his life."

According to Brown, Alexander said owning a team "can wear on you after so many decades" and that he wants to focus on his philanthropy work and family.

"There are passions in his life," Brown said. He was also quick to clarify there are no health issues with Alexander.

Alexander bought the team for $85 million in 1993. According to a Forbes estimate, the Rockets are now worth roughly $1.65 billion.

Although Alexander mentioned selling the team in the past, Brown said his final decision was a surprise. Since the team management is already secure, Brown said there wasn't a deadline to sell the team.

The Rockets have already made huge moves this offseason, signing James Harden to the largest contract extension in NBA history and trading for Chris Paul.

The team also signed general manager Daryl Morey to an extension.

Report: If Rockets land Melo, LeBron could join him in 2018 .
Where will LeBron James play following the 2017-18 season? Mannix did make it clear that the long talked-about Carmelo Anthony trade must happen first. However, he speculated that if it did, LeBron might join his banana boat buddies Chris Paul and Anthony, along with James Harden, on the Houston Rockets.


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