Houston Rockets have sold for an absolutely insane amount of money Scott Halleran/Getty Images
HOUSTON, TX - MAY 12: James Harden #13 of the Houston Rockets reacts after scoring against the Los Angeles Clippers during Game Five of the Western Conference Semifinals at the Toyota Center for the 2015 NBA Playoffs on May 12, 2015 in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Scott Halleran/Getty Images)

Restaurant mogul Tilman Fertitta reached agreement to purchase the Houston Rockets from Leslie Alexander for $2.2 billion, an NBA record, with a formal announcement expected this week. Fertitta is a local restaurant mogul and one of many celebrity-status investors who made an offer for the franchise. The 73-year-old Alexander bought the franchise for $85 million in…

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