Les Alexander has decided to sell the Rockets, the first team in the NBA that will change hands since 2015 when the Atlanta Hawks, a team in turmoil with a small fanbase and no star power, sold for $850 million.
Three years ago, the Los Angeles Clippers sold to Steve Ballmer for $2 billion. Ballmer is one of the world’s richest men, and he had the cash. But he was buying a downtrodden franchise in a city that largely hates it, one that was destined to flounder entrusted in the hands of Glenn Rivers.