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Bernard Brown, owner of the Philadelphia Blazers sold the team to Jim Pattison, president of Neonex Corp. for $1.9 million dollars. The Philadelphia team lost a reported $2 million dollars in their only year of operation. The final negotiations concluded on May 11, 1973, following almost two weeks of telephone calls and visits to Philadelphia. Vancouver was now the home of the Blazers. Pattison received as part of the deal, 28 players under contract and the rights to 60 protected players. He also signed to separate contracts Phil Watson, to the post of General Manager and John McKenzie as player-coach.