In 1996, Katz sold the team to Philadelphia Flyers owner Ed Snider and Comcast conglomerate, they moved down Broad Street to the new Wachovia Center (first known as the CoreStates Center) and all of a sudden, the Philadelphia Flyers had more than one "Answer" (named Iverson) to their problems, drafting the guard from Georgetown University, earning NBA Rookie of the Year honors for the 1996-97 season. Pat Croce , who had ongoing out as a bodily therapist for the Flyers, was named team president, and the team undergo a radical makeover in 1997, with a new logo and altering from their traditional red, white and blue by adding black as a primary to the color scheme, along with both silver and gold. The adding of new coach Larry Brown that summer also helped as the Philadelphia Flyers improved every year until the 2000-01 season.

Throughout that season, the Philadelphia 76ers got off to a hot start by winning their first ten games. In total, the Philadelphia 76ers won 56 games en route to becoming the top seed in the Eastern Conference Playoffs. Little did they know, but a season ending loss to the Chicago Bulls would give the Los Angeles Lakers the top seed in the whole playoffs. In the first round of the playoffs, the Sixers defeated the Indiana Pacers in four games. In the Eastern Conference Semi-finals, Raptors forward Vince Carter missed a bound shot throughout Game 7 to send the Sixers to the Eastern Conference Finals against the Milwaukee Bucks. This series also went to the limit of seven games. In Game Seven, " A.I. " scored 23 points and dished out 19 assists to assist the Sixers win by 17 points. The Sixers were set to face off against the Los Angeles Lakers who had not lost a game in the playoffs. The Sixers came out hostility in Los Angeles , and came away with a appalling Game One overtime upset of the Los Angeles Lakers. After that, the Lakers went on to sweep the next four games in the series to win the NBA Title. This Sixers squad had the NBA's MVP (Iverson), the NBA's coach of the year ( Larry Brown ), the suspicious Player of the Year (center Dikembe Mutombo ), and the Sixth Man of the year ( Aaron McKie .)