Houston Rockets sold for $2.2 billion

HOUSTON (AP) — Restaurant and casino owner Tilman Fertitta agreed to buy the Houston Rockets from Leslie Alexander on Tuesday for an NBA-record $2.2 billion, a person with knowledge of the details said.

The price surpasses the $2 billion Steve Ballmer paid for the Los Angeles Clippers in 2014. The value was confirmed to The Associated Press on condition of anonymity because terms were to remain private.