Wizards, arena valued at $550 million
2010/03/25 17:27:05 @NBA.com: News
The two sides negotiating the sale of the Washington Wizards have agreed to value the franchise and the Verizon Center at slightly more than $550 million, a significant benchmark in the expected transfer of ownership to Ted Leonsis following the death of longtime owner Abe Pollin. [ VIEW FULL COVERAGE @NBA.com: News ]