First Cup: Wednesday
Jimmy Smith of The Times-Picayune: "When the NBA stepped in to purchase the New Orleans Hornets on Monday, the league was faced with the situation of an owner who was heavily in debt and borrowing to pay the team's on-going operations, according to an audit of the franchise's finances posted on the website Deadspin.com Tuesday evening. While the team actually made an operating profit in 2009 ...
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