‘Caron Butler at the line’
courtesy of ‘afagen’

The deal is finalized – Caps owner Ted Leonsis signed the purchase agreement proposed by the estate of the late Abe Pollin on Sunday, committing Leonsis to purchase the last 56 percent of the Wizards organization and the Verizon Center that he did not previously own … until now.

This purchase agreement means that Lincoln Holdings (a “closely-held” group of investors) will more than likely take over the Wizards in time for the June NBA draft, according to the Washington Post, enabling Lincoln Holdings to have input regarding the team’s player selections and the re-building of the “ailing franchise.”

Rachel Levitin

Rachel moved to DC in the fall of 2005 to study Journalism and Music at American University. When she’s not keeping up with the latest Major League Baseball news, she works on making music as an accomplished singer-songwriter and was even a featured performer/speaker at TEDxDupont Circle in 2012. Rachel has also contributed to The Washington Examiner and MASN Sports’ Nationals Buzz as a guest blogger. See why she loves DC. E-Mail: rachel@welovedc.com.