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Official: State must find cash

Updated: February 10, 2009, 8:29 PM ET
Associated Press

BATON ROUGE, La. -- An executive with the group that oversees the Louisiana Superdome and the New Orleans Arena advised lawmakers Tuesday the state must find $27.5 million next year to fulfill contracts that keep the Saints and Hornets in New Orleans.

The state pays the two pro teams direct cash payments each year to retain the clubs, subsidies the team owners have said are needed to make operating in the relatively small New Orleans market worthwhile.

The money comes from the budget ...

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