sportsheist

Former Rockets owner Leslie Alexander made quite the return on his investment when he sold the team to businessman Tilman Fertitta earlier this week.

Alexander, one of the most beloved public figures in Houston, purchased the Rockets for $85 million in 1993 and sold the team to Fertitta for an NBA record 2.2 billion.

Forbes placed the Rockets value at $1.65 billion, with the assumption Alexander could fetch as much as $2 billion.

It kinda leads you to wonder how much other owners paid for their NBA teams.

Here’s the price tag each current owner gladly shelled out in order to own a franchise:

Teams Sold Since 2010

Houston Rockets

Owner: Tilman Fertitta
Price: $2.2B
Date: Sept. 2017

 

Atlanta Hawks

Owner: Antony Ressler Group
Price: $850M
Date: April 2015

 

Los Angeles Clippers

Owner: Steve Ballmer
Price: $2B
Date: April 2014

 

Milwaukee Bucks

Owner: Wes Edens, Marc Lasry, Jamie Dinan
Price: $550M
Date: April 2014

 

Sacramento Kings

Owner: Vivek Ranadivé
Price: $535M
Date: May 2013

 

Memphis Grizzlies

Owner: Robert Pera
Price: $350M
Date: June 2012

 

New Orleans Pelicans

Owner: Tom Benson
Price: $338M
Date: June 2012

 

Toronto Raptors

Owner: Maple Leaf Sports And Entertainment
Price: $1B (Includes Toronto Maple Leafs and Air Canada Centre)
Date: Dec. 2011

 

Philadelphia 76ers

Owner: Joshua Harris
Price: $280M
Date: Oct. 2011

 

Detroit Pistons

Owner: Tom Gores
Price: $325M
Date: June 2011

 

Golden State Warriors

Owner: Joe Lacob, Peter Guber
Price: $450M
Date: July 2010

 

Washington Wizards

Owner: Ted Leonsis
Price: $310M
Date: June 2010

 

Brooklyn Nets

Owner: Mikhail Prokhorov
Price: $200M
Date: May 2010

 

Charlotte Hornets

Owner: Michael Jordan
Price: $275M
Date: March 2010

Flip over to the next page to see the purchase prices from 2000-09!

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