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. World Cup Day 1 roundup: Brazil with big win, Andray Blatche puts on a show

    Aug 31, 2014, 12:45 AM EDT

    Raul Togni Neto, Nicolas Batum Raul Togni Neto, Nicolas Batum

    Andray Blatche had 28 points and 12 rebounds for the Philippines, and they still lost.

  2. Manu Ginobili gets statue of himself in Argentina

    Aug 30, 2014, 9:30 PM EDT

    Detroit Pistons v San Antonio Spurs Getty Images

    The statue is in Buenos Aires, in case you were looking to travel to get your picture with it.

  3. Brook Lopez confident he’ll be better than ever

    Aug 30, 2014, 8:00 PM EDT

    That’s a higher bar than most realize

  4. USA cruises past Finland in World Cup opener, 114-55

    Aug 30, 2014, 7:00 PM EDT

    Anthony Davis, Teemu Rannikko Anthony Davis, Teemu Rannikko

    Klay Thompson scored 18 points and Anthony Davis had 17 points on the night. Finland had great fans, though.

  5. Nik Stauskas makes 15 consecutive 3-pointers in 47 seconds (video)

    Aug 30, 2014, 6:30 PM EDT

    2014 NBA Rookie Photo Shoot Getty Images

    Kings rookie rookie honing his 3-point Shootout skills

  6. John Calipari on Anthony Davis: “In five years, he could be the best player in the NBA”

    Aug 30, 2014, 5:00 PM EDT

    Fa14_BB_WBF_Images_Ash_ANTHONY_DAVIS_2_32057

    Will Davis be better than LeBron and Durant in five years? I’ll say this — he’ll be on that level.

  7. 76ers second rounder Jordan McRae signs in Australia

    Aug 30, 2014, 2:00 PM EDT

    Jordan McRae Jordan McRae

    Former Tennessee guard, drafted No. 58, will help Philadelphia tank from afar

  8. Goran Dragic’s brother, Zoran, getting interest from Pacers

    Aug 30, 2014, 12:30 PM EDT

    BASKET-EURO-2013-SLO-FRA BASKET-EURO-2013-SLO-FRA

    Other NBA teams also watching Slovenia closely in World Cup to assess Zoran

  9. World Cup Preview: USA vs. Finland, what to expect

    Aug 30, 2014, 11:00 AM EDT

    Finland isn’t as good as the teams the USA was destroying in tune ups.

  10. Reports: Spurs making run at Ray Allen, who remains undecided if he will play anywhere

    Aug 30, 2014, 9:30 AM EDT

    2014 NBA Finals - Practice Day And Media Availability Getty Images

    He can decide this summer, or he can wait and join a team mid-season. There is no rush.

  11. James Harden on Kobe Bryant return: “He’s 20-year-old Kobe”

    Aug 30, 2014, 8:00 AM EDT

    Houston Rockets v Los Angeles Lakers Houston Rockets v Los Angeles Lakers

    “We talk and he’s ready. He’s 20-year-old Kobe. It’s going to be a crazy environment.” — James Harden on Kobe Bryant

  12. Record 45 current NBA players to compete in FIBA World Cup

    Aug 29, 2014, 11:15 PM EDT

    Pau Gasol and Marc Gasol (R) watch as th Getty Images

    Tournament features a record 75 players who have played in the NBA at some point, and we have the complete list.

  13. Chris Paul discusses his signature shoe, hoops with media at launch of his Jordan Brand CP3 VIII (VIDEO)

    Aug 29, 2014, 9:45 PM EDT

    101_Chris Paul Unveils Jordan CP3.VIII

    Chris Paul is way more into sneakers than you are, and articulated it well at the launch of his latest signature shoe in New York earlier this week.

  14. Report: Spurs interested in Mexico’s Gustavo Ayon

    Aug 29, 2014, 8:15 PM EDT

    ayon bucks Getty Images

    Ayon has played for four teams in three NBA seasons, and currently only has offers to play overseas next year.

  15. Iman Shumpert scares people (video)

    Aug 29, 2014, 4:15 PM EDT

    Iman Shumpert, Trevor Ariza Iman Shumpert, Trevor Ariza

    Knicks wing acts as security guard in prank

  16. 67RIEFNS No. 1: Tom Thibodeau managing his bigs

    Aug 29, 2014, 3:33 PM EDT

    Chicago Bulls v Los Angeles Lakers Getty Images

    Bulls have Joakim Noah, Pau Gasol, Taj Gibson and Nikola Mirotic

Featured video

Will LeBron get booed Christmas Day in Miami?
Top 10 NBA Player Searches
  1. D. Rose (2838)
  2. K. Love (2746)
  3. K. Bryant (2369)
  4. L. James (2262)
  5. C. Delfino (2130)
  1. T. Mozgov (2007)
  2. R. Allen (1995)
  3. K. Irving (1838)
  4. D. Waiters (1778)
  5. S. Brown (1747)