Rockets for sale after being owned by Alexander for 24 years

Lynette Rowe
July 18, 2017

"With the Rockets' history, having had Yao Ming and the team's high profile in Asia - James Harden, Chris Paul and the high profile they have on the current roster, all the other attributes of the franchise - they're gonna be very attractive", said Postolos, now a sports consultant. James Harden made the All-NBA first team for his efforts last season and recently inked an $170 million extension to remain with the Rockets through 2023.

There is no set timetable for the sale, but Brown said they want to find the right buyer and won't rush the process.

However, the biggest surprise came Monday when team owner Lex Alexander announced that he will put up his team for sale.

The trademark of Alexander's ownership has been a constant pursuit of stars.

Alexander was also the original owner of the now defunct Houston Comets of the WNBA, a franchise that won four consecutive titles. Forbes now values the Rockets at $1.65 billion, but I wouldn't be surprised to see the Rockets sell for close to $2 billion with all of the excitement surrounding the team.

Houston Rockets owner Leslie Alexander has put the western conference heavyweights on the market after 24-years of ownership.

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"He has been an active and influential owner whose vision helped to grow the game globally, especially in China", Silver said in a statement.

"He feels it's time", Brown said.

"This is something that's been weighing on him a little bit. He's going to continue his commitments to the charities he's supported". With the salary cap expected to climb higher and higher in the coming years, the valuations of National Basketball Association teams is ascending along with it.

"The Houston community has been home to me", Alexander said."I'll always have a special place in my heart for the fans, partners, city officials and employees who care so deeply for this team".

"I've made this decision after much deliberation with my family and friends, and do so knowing the franchise is in great shape with the players, coaches and management team in place", Alexander said.

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