Skip to content

Kings to Seattle: It’s not done. But don’t be shocked if it is soon.

Jan 9, 2013, 8:34 PM EDT

Seattle SuperSonics v Denver Nuggets Getty Images

Things can change. There was already what was supposed to be a final game in Sacramento that turned out to not be so final. And anyone who doesn’t think the Maloofs can change their mind at the last minute didn’t watch the arena negotiations in Sacramento a year ago.

But the Maloof family selling the Kings franchise to Seattle’s Chris Hansen/Steve Ballmer group for around $500 million is moving fast down the road to reality.

And it’s what David Stern wants, which makes it all the more likely. And he wants it to happen before March 1 so the new owners can file to move the team to Seattle next season (a lame-duck year in Sacramento would be ugly).

When the news broke Wednesday that a deal was close, it seemed to come out of nowhere. But these talks didn’t. They have been going on months or longer and I was told have been serious for a little while. More serious than Virginia Beach ever was because the money is there in Seattle. Hansen’s company is pitching in for the arena and to buy the team and it is a $2.7 billion firm. Ballmer is worth more than $15 billion by himself.

They can overpay for the franchise, pay relocation fees, and whatever else. While the City of Seattle is going to pitch in a bond for the stadium construction, this is not like the deal in Virginia or even the old deal in Seattle before the Sonics moved where the state governments were asked to pitch in some cash. Most of the money in the project is private financing and there is no state money. Those kind of projects get done.

David Stern looks back at what happened before in Seattle, a great basketball market, as a black eye, and he wants to see a team return there. It’s one of his last priorities and something he wants as a legacy, according to reports. And what Stern wants…

But that is different than saying this is a lock.

Sacramento Mayor Kevin Johnson says there is hope and there is, because this is a massive deal. A very complex deal. Remember that in all of this the Kings and Maloofs have a debt to the city of Sacramento worth more than $75 million, plus other obligations. Those have to be cleared up. The Kings owners would remain a minority owner in the new team and arena. This is an arena some in Seattle — including baseball’s Mariners — have opposed. Large deals with a lot of moving parts can crumble.

But it’s hard to see some cavalry come charging over the hill to save the Kings, because the NBA isn’t fond of the cavalry.

David Stern and the plethora of other attorneys at the NBA league offices are big on process. They want someone to be around, to work through the system, not to just swoop in last minute. Hansen has been talking to the league and working on his arena deal for years. Getting the team is just the last, big part of that.

If Hansen does buy the team, there will not be opposition from the other owners. Because Stern wants this and because stable ownership in a large Seattle market is a good thing. It will fly through the league process. However, team officials around the league have been warned not to comment on these talks, reports Sam Amick at the USA Today.

In the end, I wouldn’t bet the rent money on the Maloofs selling the team because they are unpredictable. To put it kindly. I mean a key owner of the Kings is on “Real Housewives of Beverly Hills.” And the deal has not reached the point the minority owners of the Kings have been informed, reports the USA Today.

But the Seattle deal didn’t come out of nowhere, it’s been worked on for a while. The Maloofs were not telling Kevin Johnson about it but the talks have been happening and it’s not going to be easy for Johnson to wedge himself into them at this point. Now it’s time to see if the deal can be finalized. Something David Stern wants. And what he wants he usually gets.

Latest Posts
  1. Report: Gregg Popovich had hip-replacement surgery

    Jul 29, 2014, 10:33 PM EDT

    2014 NBA Finals - Game Five Getty Images

    Popovich signed contract extension with Spurs this offseason

  2. Durant says 2014 USA team better than 2010 version that won gold

    Jul 29, 2014, 9:44 PM EDT

    Image (1) durant_usa_fun-thumb-250x159-20234.jpg for post 4140

    “That 2010 team was one of the best experiences I’ve ever had. I think we have a team that’s even better.” —Kevin Durant

  3. Report: Magic signing Peyton Siva to unguaranteed contract

    Jul 29, 2014, 8:50 PM EDT

    Detroit Pistons v Orlando Magic Detroit Pistons v Orlando Magic

    Orlando reportedly plans to send former Pistons point guard to D-League

  4. Kevin Durant knows you’re talking about his free agency but isn’t giving many clues. He liked what LeBron did.

    Jul 29, 2014, 7:51 PM EDT

    2014 USA Basketball Men's National Team Practice Getty Images

    “I just tell everybody that I’m here in Oklahoma City, I love it here. Who knows what will happen.” —Kevin Durant on his 2016 free agency.

  5. Report: Eric Bledsoe-Suns ‘relationship is on the express lane to being ruined’

    Jul 29, 2014, 7:11 PM EDT

    Eric Bledsoe, Jeff Hornacek, Goran Dragic Eric Bledsoe, Jeff Hornacek, Goran Dragic

    Bledsoe reportedly resents how differently Pistons, Jazz and Rockets treated their restricted free agents

  6. Report: Mike Scott considering ‘lucrative’ offer to play in Russia

    Jul 29, 2014, 6:22 PM EDT

    Atlanta Hawks v Indiana Pacers - Game Seven Getty Images

    CSKA-Moscow wants to poach Scott from Atlanta Hawks

  7. Mavericks sign Ivan Johnson

    Jul 29, 2014, 5:37 PM EDT

    Dallas Mavericks v Atlanta Hawks Dallas Mavericks v Atlanta Hawks

    Johnson gets NBA contract after eventful summer league

  8. Report: Timberwolves told Kevin Love to sit out the World Cup

    Jul 29, 2014, 4:55 PM EDT

    Kevin Love Kevin Love

    I’m not sure Love is taking advice from Minnesota right now

  9. Byron Scott makes ridiculous optimism sound reasonable

    Jul 29, 2014, 4:11 PM EDT

    Los Angeles Lakers Introduce Byron Scott Getty Images

    Lakers introduce Scott as new coach in press conference

  10. Derrick Rose told Carmelo Anthony that if he came to Chicago “the game would be easy”

    Jul 29, 2014, 3:24 PM EDT

    2014 USA Basketball Men's National Team Practice Getty Images

    Rose said he was disappointed but he understands ‘Melo’s decision.

  11. LeBron James strips on stage, throws clothes into crowd (video)

    Jul 29, 2014, 2:22 PM EDT

    LeBron James LeBron James

    Want to see LeBron strip down to his underwear?

  12. Steve Nash: ‘I think this is my last season’

    Jul 29, 2014, 1:44 PM EDT

    Steve Nash, Meta World Peace Steve Nash, Meta World Peace

    Lakers guard confirms he’s planning on retirement

  13. PBT Extra: Is this the end of Donald Sterling as NBA owner?

    Jul 29, 2014, 1:11 PM EDT

    Donald Sterling, V. Stiviano Donald Sterling, V. Stiviano

    Donald Sterling isn’t going away, but he’s pretty much done as the Clippers owner now.

  14. Grizzlies name general manager Chris Wallace general manager

    Jul 29, 2014, 12:28 PM EDT

    Yes, you read that headline correctly

  15. Is DeMarcus Cousins the big man Team USA can lean on?

    Jul 29, 2014, 12:22 PM EDT

    DeMarcus Cousins AP

    The question with Cousins is never talent, but his maturity seems to be there.

  16. Report: Gary Payton assistant-coaching candidate with Lakers, Bucks

    Jul 29, 2014, 11:44 AM EDT

    Gary Payton #20 Gary Payton #20

    Jason Kidd or Byron Scott could hire former Seattle SuperSonic

  17. Kyrie Irving’s contract actually falls short of max

    Jul 29, 2014, 11:11 AM EDT

    Kyrie Irving Kyrie Irving

    Irving wouldn’t get full 30 percent of adjusted salary cap by triggering Derrick Rose rule

  18. Report: Hawks draft pick ‘very likely’ to play in Spain next season

    Jul 29, 2014, 10:33 AM EDT

    Walter Travares, Walter Travares,

    Atlanta selected 7-foot-3 center No. 43 in 2014 NBA draft

  19. Blake Griffin backflips into sea before withdrawing from Team USA with reported back injury (video)

    Jul 29, 2014, 9:55 AM EDT

    Oklahoma City Thunder v Los Angeles Clippers - Game Six Getty Images

    Previous report said Griffin fractured back during Clippers’ playoff run, which ended before backflip video was posted

Featured video

Why can't Lakers have a player-coach?
Top 10 NBA Player Searches
  1. T. Warren (4842)
  2. L. James (4629)
  3. K. Love (4318)
  4. J. Nelson (3607)
  5. R. Allen (3562)
  1. D. Rose (3496)
  2. C. Anthony (3063)
  3. K. Bryant (3009)
  4. A. Wiggins (2361)
  5. A. Aminu (2308)