Quote:The Houston Rockets have been sold to local billionaire Tilman Fertitta, who called the purchase of his hometown team a "dream come true."

Terms of the sale, which was announced Tuesday, were not disclosed. A league source told ESPN's Adrian Wojnarowski, however, that Fertitta agreed to purchase the team from Leslie Alexander for $2.2 billion, a record sale price for an NBA franchise.

http://www.espn.com/nba/story/_/id/20588...22-billion

Steve Ballmer once said he wouldn't move the Clippers out of Los Angeles because they wouldn't be worth $2 billion in any other market -- apparently that is not the case. Looks like they'd be worth at least that much in, say, the largest media market (by far) that has neither an NBA nor an NHL franchise. Seattle.

Also perhaps relevant: Now that two franchises have sold for $2 billion or more, what would be the fee for an NBA expansion franchise?