The Rockets are Suddenly Up for Sale

THE ROCKETS ARE SUDDENLY UP FOR SALE A surprise announcement from Houston Rockets owner Les Alexander today: he’s selling the team. The Rockets moved to Houston back in 1971 from their original short-lived home in San Diego, where they were reportedly named for the team’s proximity to the plant where General Dynamics was working on the Atlas program. Alexander bought the franchise for some $85 million back in 1993, just before the Rockets earned Houston its first championship win and the nickname Clutch City; management made some noise about moving everybody to Kentucky around the end of the 90’s, possibly to add urgency to the push to secure city funds for a new stadium (which became known as Toyota Center). The Rockets were appraised at $1.65 billion by Forbes this past February.  [NBA.com via KHOU; previously on Swamplot] Photo: Russell Hancock via Swamplot Flickr Pool