The Connecticut Sun is still on the chopping block, with reports surfacing Tuesday that the WNBA made a $250 million offer to buy the team in order to control its final landing place.
The Mohegan Tribe — the Sun's current owners — are reportedly still seeking clarity on the league's preferred relocation destination, after two prospective outside bids stalled in front of the Board of Governors.
Multiple offers remain on the table, including two $325 million bids from groups in Boston and nearby Hartford, Connecticut — as well as a plan to raise capital via minority investments rather than a full sale.
Recent reports point to the league's desire to control the Sun's fate while preserving certain markets for expansion, with the Mohegan Tribe under pressure to bend to the WNBA's interests.
The WNBA offer to buy the Connecticut Sun outright is reportedly part of a larger plan to flip the team to a different prospective ownership group without an additional relocation fee — and rumors say Houston is in the lead.
The Mohegan Tribe already turned down a low-ball bid out of Cleveland, with WNBA later awarding the Northeast Ohio city an expansion team for a $250 million fee.
NBA co-ownership was a clear priority during the league's most recent expansion, with officials now looking to force that strategy onto the Sun's future.
The roller-coaster sale of the Connecticut Sun has taken another turn, with Front Office Sports reporting Wednesday that three different buyers are currently in play to take over the WNBA team.
Alongside former Celtics owner Steve Pagliuca's previous $325 million bid to take the team to Boston, ex-Milwaukee Bucks co-owner Marc Lasry recently offered a matching bid to keep the squad closer to their Uncasville home with a move to nearby Hartford.
The NBA's Houston Rockets ownership has also entered the mix, with reports indicating that WNBA leadership would prefer the franchise relocate from New England to the Texas city.
Topping the sale price with an additional relocation fee could be the best way for a potential owner to separate themselves from the pack, as the relocation fee directly benefits the WNBA's front office.
Should the Rockets' ownership at least match the Boston and Hartford bids — plus ante up a relocation fee — a move to Houston could be a lock, particularly considering WNBA commissioner Cathy Engelbert dubbed the Texas hub as "up next" in the league's ongoing expansion process.
Ultimately, all signs point to the WNBA looking to align the sale of the Connecticut Sun with the league's overarching goals, leaving multiple fanbases — both existing and potential — stuck in limbo.
The future remains uncertain for the Connecticut Sun, with sale reports surfacing Friday that Celtics minority owner Steve Pagliuca struck a deal with the Mohegan Tribe to purchase and move the team to Boston — though the WNBA might have other plans.
The WNBA Board of Governors has not approved the Connecticut Sun sale, valued at a reported $325 million.
"Relocation decisions are made by the WNBA Board of Governors, and not by individual teams," the league said in a statement, asserting final say.
Along with hosting Sun games at the Celtics' TD Garden, Pagliuca's offer includes building a $110 million dedicated practice facility — big upgrades from the team's current 9,000-seat arena and communal training center.
Having owned and operated the Sun since the team relocated from Orlando in 2003, the Mohegan Tribe began exploring a potential sale in May, while also promising to keep the team at Mohegan Sun through the 2026 season.
Per the Globe, the WNBA has the power to force a sale to a Connecticut buyer, speculating that the league is instead eyeing Boston as a 2033 expansion city.
Hartford mayor Arunan Arulampalam weighed in this week, telling media that he's working with a local investment group to keep the Sun in-state.
"We have a long history of women's basketball fandom here," he said. "It makes so much sense for them to play right here in Hartford."
With both valuations and expansion interest soaring, one-off deals could cloud the WNBA's vision — but an ownership tug-of-war can also take its toll.
"I know there's still uncertainty about the future, but our loyal fans, they're excited to be able to watch this team grow," said Connecticut Sun president Jennifer Rizzotti. "And if it ends up being our last year here, we're going to make sure we blow it out."