Utah Jazz purchase NBADL's Idaho Stampede

Miller Sports Properties and the NBA Development League today announced that the Utah Jazz have acquired the Idaho Stampede, becoming the eighth NBA team to fully own and operate their own NBA D-League team.

The Stampede have also signed a one-year contract extension with the downtown arena and will continue to play in Boise, Idaho for the 2015-16 NBA D-League season. Per team policy, financial terms were not released.

Last summer, the Jazz and Stampede entered into a single affiliation for the 2014-15 season where the Jazz managed all aspects of the Stampede’s basketball operations while the local ownership group, headed by Bill Ilett, maintained the primary responsibility for the team’s off-the-court business operations and community initiatives.

The Jazz are the eighth NBA team to own their franchise, joining the Cleveland Cavaliers (Canton Charge), Golden State Warriors (Santa Cruz Warriors), Los Angeles Lakers (L.A. D-Fenders), New York Knicks (Westchester Knicks), Oklahoma City Thunder (Oklahoma City Blue), Philadelphia 76ers (Delaware 87ers) and San Antonio Spurs (Austin Spurs).