Photograph by Jonathan Bachman
The New Orleans Hornets have officially told the state of Louisiana that they won't be needing any financial incentives because their ticket sales and revenues have been strong this season. From the ESPN report:
While the NBA has taken out a line of credit to help struggling teams' cash flow, with 12 teams electing to borrow a combined $200 million, Weber said the Hornets have not sought any such help yet.
"I think we're running counter to many of the stories that are happening in professional sports right now," Weber said.
The Hornets' season-ticket base is just short of 11,000, a new franchise high since moving to New Orleans from Charlotte in 2002.
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