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Houston Rockets To Be Sold for NBA Record $2.2 Billion

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The Houston Rockets today announced “that a definitive agreement has been signed for the purchase of the NBA franchise by Houston businessman Tilman J. Fertitta, sole owner of the Landry’s restaurant empire and Golden Nugget Casinos and Hotels. The transaction, which includes operation of the Toyota Center Arena, requires the approval of the NBA Board of Governors. Terms of the sale were not disclosed, and Mr. Fertitta has no other partners in connection with the transaction.”

Per ESPN’s Adrian Wojnarowski and Mark Berman of Fox 26 in Houston, the sale price is an NBA-record $2.2 billion.

Sources: Houston Rockets, Adrian Wojnarowski of ESPN

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Report: Lakers, Andrew Bogut Agree to Deal

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Free agent center Andrew Bogut has agreed to a one-year deal with the Los Angeles Lakers, agent David Bauman of ISE tells The Vertical.

Source: Shams Charania on Twitter

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Source: Nuggets, Mason Plumlee Agree to Deal

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Restricted free-agent center Mason Plumlee has agreed to a three-year, $41 million deal to return to the Denver Nuggets, league sources told ESPN.

Agent Mark Bartelstein of Priority Sports and Denver president of basketball operations Tim Connelly reached agreement on the deal late Sunday night, league sources said.

With the deal, Denver was able to avoid Plumlee signing a $4.6 million qualifying offer for the 2017-18 season — which would’ve allowed him to become an unrestricted free agent next summer.

Source: Adrian Wojnarowski of ESPN

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Timberwolves, Andrew Wiggins Expected to Finalize Extension Before Training Camp

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The Wiggins 5-years, $148M extension is expected to be done before Saturday’s 1st practice, per a chat I had w/ owner Glen Taylor. #Twolves

Source: Darren Wolfson on Twitter

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