An Orlando, Fla., businessman has purchased the...

An Orlando, Fla., businessman has purchased the 10,000th season ticket for the NBA expansion team to be called the Orlando Magic, meeting a league requirement before a Dec. 31 deadline.

The NBA establishes ticket sale minimums when it awards franchises, and the Magic could have possibly faced cancellation if it failed to sell 10,000 season tickets.

Greg Wallace, a 27-year-old automobile parts store owner, purchased eight season tickets Thursday at a cost of $5,840.