42 - you do realize the Hornets are pretty much the only team in the NBA that has consistently relied on state subsidies to pay their bills right? the state has paid them millions of dollars since day one of arriving here. not like normal teams either. these have been subsidies to pay their basic bills.
there is a good reason why the Hornets sat on the shelf for so long without an owner and why the NBA decided to take them as a charity case (thanks to the Katrina storyline) and buy the team from Shinn so that he wouldn't sell them to an outside investor. when was the last time you saw the NBA do that for another team? (Seattle SuperSonics would like to know the answer to that BTW). no one wanted to invest $300M+ into a team here because the city and the fan base has never proven to be profitable and worth the investment.
thank God for Tom Benson, or else they would have been moved out of NOLA for good. LINK
"Hornets expected to get $7M from state"
"The NBA purchased the Hornets from founding owner George Shinn in December 2010 for about $318 million when it appeared Shinn might sell to investors who planned to move the team out of New Orleans." LINK