Houston Rockets in Talks to Acquire and Relocate Connecticut Sun: A Potential WNBA Expansion Story
The Houston Rockets are currently engaged in discussions with the Connecticut Sun regarding the potential purchase and relocation of the WNBA team. Sources have indicated that the talks have been positive, with the Rockets ownership making an improved offer that the Sun may find acceptable. While a formal offer has been discussed, no exclusivity agreement has been signed, and a decision on the franchise's future has not been made.
The WNBA has shown interest in returning to Houston, with commissioner Cathy Engelbert highlighting the city and Rockets owner Tilman Fertitta as potential targets for expansion. The Sun, owned by the Mohegan tribe since 2003, have been exploring investment options for over a year, initially looking into a limited partnership sale to fund infrastructure development.
Earlier this year, Houston expressed interest in purchasing the Sun outright, raising its offer to $250 million, the same amount paid by other cities for expansion fees. However, a deal to sell the team for $325 million to a group planning to move the franchise to Boston was blocked by the WNBA. The league then offered to buy the Sun for $250 million to facilitate a sale to a preferred market, potentially Houston.
Sun ownership has also explored the possibility of the state of Connecticut buying a minority stake in the franchise, but talks have slowed down. The goal is to resolve the franchise's future before free agency, as most league veterans are currently not under contract. The Houston Comets, an iconic WNBA franchise that won the league's first four championships, disbanded in 2008 after being home to stars like Sheryl Swoopes, Cynthia Cooper, and Tina Thompson.
In conclusion, the Houston Rockets are in talks with the Connecticut Sun about a potential purchase and relocation of the WNBA team, with discussions described as positive. The future of the franchise remains uncertain, but both parties are actively engaged in negotiations to reach a resolution.