Owner Leslie Alexander puts Houston Rockets on market after 24 years

Rockets for sale after being owned by Alexander for 24 years

Rockets for sale after being owned by Alexander for 24 years

"With the Rockets' history, having had Yao Ming and the team's high profile in Asia - James Harden, Chris Paul and the high profile they have on the current roster, all the other attributes of the franchise - they're gonna be very attractive", said Postolos, now a sports consultant.

In recent days, the #Houston Rockets surprised nearly everyone when they acquired #Chris Paul via trade from the Los Angeles Clippers, and signed #James Harden to a record $228-million contract extension.

"Team CEO Tad Brown made the announcement Monday that the team is for sale, saying owner Leslie Alexander wants to "(change) the fabric of his life".

The planned sale comes as franchise values across major professional sports are skyrocketing.

The trademark of Alexander's ownership has been a constant pursuit of stars.

Leslie Alexander has done an excellent job of leading the Houston Rockets over the past 24 years, with two championships under his belt.

Now, Forbes estimates the Rockets' value at $1.65 billion - the eighth-most valuable franchise in the National Basketball League.

Brown said Monday there is no timetable for selling the team and Alexander is looking for a buyer committed to keeping the Rockets in Houston. Alexander said he will continue to support the charities he has made commitments to through the years.

"Well-respected around the league, he has been an active and influential owner whose vision helped to grow the game globally, especially in China". "The organization is in terrific shape".

"Wow. Superstar under contract long-term in a big market".

"This is something that's been weighing on him a little bit".

The Rockets have been trying to work out a trade with the New York Knicks involving All-Sar Carmelo Anthony. He had continued to be closely involved in team decision-making and attended press conferences on Friday and Saturday, even watching the Toyota Center event to welcome Chris Paul to Houston from the arena floor. I'll always have a special place in my heart for the fans, partners, city officials and employees who care so deeply for this team. The great players, Hall of Fame players and coaches, championships won, All-NBA teams made.