The Philadelphia 76ers announced Saturday that they completed the purchase of the operating rights of the Delaware 87ers, a team that will compete in the NBA's Development League.
The 87ers, a new team, will join the D-League in the fall.
"The creation of the Delaware 87ers is an important milestone in our quest to ensure that the Philadelphia 76ers are viewed in all respects to be a world-class and cutting-edge NBA franchise," Sixers managing owner Josh Harris said in a statement. "We believe that the ability to own and operate our own NBA D-League affiliate will strengthen our player development and other team initiatives, and be a tremendous asset to the entire Sixers organization.
"We are particularly excited that we can situate the team in the welcoming, nearby state of Delaware, especially since there are so many Delawareans who already are avid 76ers fans."
Aaron Moszer was named the team's president.
The team's operating rights were previously owned by the Utah Flash, which took a hiatus two years ago.
The 87ers will play their home games at the Bob Carpenter Center, on the University of Delaware campus, in Newark, Del.
The team will be nicknamed the "Sevens." The name 87ers refers to 1787, the year Delaware was the first state to ratify the U.S. Constitution.