Hornets Reach Agreement With Louisiana On Lease Through 2024

Governor Bobby Jindal will announce that the State of Louisiana has reached an agreement in principle to keep the Hornets in New Orleans through at least 2024 with no escape clause, multiple sources confirmed.

There is also an NBA guarantee that another All-Star Game will be hosted.

The new lease will eliminate attendance benchmarks that could have triggered an escape clause in previous deals.

Terms of the lease will be accepted by a new owner when the NBA sells the team.