It's a first for the National Basketball Association. Buying a team is something the league had never done until now. And the nation is watching intently for varying reasons.

For example, Adrian Wojnarowski of Yahoo! Sports is just happy to see exiting owner George Shinn leave of the NBA. Opinions on the man who owned the team from its inception in Charlotte and then moved them away to the Crescent City are usually not flattering.

Of course, the so-called vultures are out in regards to a possible relocation of the Hornets to another locale. Two former NBA cities want back in the game.

No city has been treated quite unfairly by the league in the past as Seattle. With the Sonics now thriving as the Thunder in Oklahoma City, Steve Kelley of the Seattle Times wonders aloud if the Emerald City will fill their void with the Hornets.

Meanwhile, Kansas City has an impressive arena to fill with more dates in a basketball-loving town. The Sprint Center would welcome the right opportunity to house and NBA team, reports KCTV.

The NBA will have to figure out how to clean up the financial mess outlined by audity figures of the Hornets obtained by Deadspin. At least the loan debt of George Shinn is no longer a continuing liability for the franchise.

As we learned Tuesday at a press conference at New Orleans Arena, the team will move forward as normal in operations. NBA-appointed chairman Jac Sperling tells NewOrleans.Com that the goals are to win and work to keep the Hornets right where they are.

But there is no doubt that the job of convincing Chris Paul to stay long term with the Hornets has not gotten any easier. Sam Amick of Fanhouse raises the appropriate questions that CP3 must be pondering now.