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Louisianna announces new arena lease that will keep the Hornets in New Orleans through at least 2024

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The new arena deal will run through 2024, and will contain no "escape clauses" such as attendance benchmarks as the current lease contains. Furthermore the NBA has guaranteed that New Orleans will receive an All-Star game in that timeframe. A buyer of the Hornets from the NBA must accept these new lease terms. Latest reports around All-Star Weekend stated that two ownership groups were interested in purchasing the team and waiting for the final details of the negotiations with the state and city to be finalized.

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