NEW ORLEANS (AP)—Gov. Bobby Jindal says Louisiana expects to pay the New
Orleans Hornets about $7 million in subsidies which kick in whenever the team
does not meet certain annual revenue benchmarks.
The governor mentioned the anticipated payment after discussing his role in
a new marketing effort designed to strengthen the Hornets’ season ticket base
and secure the club’s future in New Orleans.
Jindal, several other high-ranking politicians, popular local musicians and
celebrities including Saints quarterback Drew Brees are part of the Hornets’
“I’m In” campaign.
Hornets’ officials say the fact they’re working so closely with political
leaders on such efforts demonstrates their commitment to staying in Louisiana
for the long term.
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Governor anticipates payment to Hornets (AP)