Skip to content

Report: Kings buyer who would keep team in Sacramento has made formal offer to Maloofs

Jan 11, 2013, 6:04 PM EDT

Los Angeles Lakers v Sacramento Kings Getty Images

As we told you earlier, the sale of the Kings won’t be a done deal until it is actually a done deal — contracts signed, press conferences convened, a river of tears flowing through the streets of Sacramento, etc.

Shortly after the initial report of the deal being done came out, our own Aaron Bruski reported that it wasn’t quite a done deal just yet, and that the Maloofs want a bidding war.

And around we go. Just as we had an earlier report today that it was (once again) essentially done and that the team will in fact be sold to the Seattle ownership group, now comes one that says a legitimate buyer has surfaced who not only has made an offer for the team, but who would keep it in Sacramento.

From Ken Berger of CBSSports.com:

Mark Mastrov, the founder of 24-Hour Fitness who finished second to Joe Lacob and Peter Guber in bidding for the Warriors, told CBSSports.com Friday he has interest in buying the Kings and keeping the franchise in Sacramento.

“Definitely, there’ve been conversations,” Mastrov said from his northern California office. “Definitely there’s interest in acquiring the team and keeping it in Sacramento.”

Mastrov met with the Maloofs recently, and two league sources speaking on condition of anonymity said he has made a formal offer.

So, where does this leave us?

Well, if the league is truly interested in keeping the Kings in Sacramento and the price offered was reasonable — and, as noted in this report, it wouldn’t have to be as high as a group planning on relocating due to the cost of a loan from the city not needing to be repaid in full at the time of the sale — then they could not-so-gently nudge the Maloofs in the direction of taking this offer.

If the price offered by the Seattle group includes additional dollars in order to overpay for the right to relocate a team out of one NBA market and into another, however, that could be problematic, because the current ownership is going to want to (obviously) maximize any profits gained through a potential sale.

Again, nothing is final until it is actually final. And with one legitimate potential buyer emerging locally who would keep the team in Sacramento, things are likely to get much more complicated before they are ultimately settled.

Latest Posts
  1. J.R. Smith wants Knicks shooting guards to ‘put their egos aside’

    Aug 22, 2014, 9:50 PM EDT

    Iman Shumpert, J.R. Smith Iman Shumpert, J.R. Smith

    Playing time decisions will be interesting with four legitimate options competing for minutes.

  2. Team USA will make (potentially final) cuts Saturday

    Aug 22, 2014, 6:21 PM EDT

    Team USA Showcase Team USA Showcase

    DeMar DeRozan, Andre Drummond, Gordon Hayward, Chandler Parsons, Kyle Korver all possibilities for chopping block

  3. Ricky Rubio the cover athlete for Spain’s NBA2K (PHOTO)

    Aug 22, 2014, 5:01 PM EDT

    Adidas Eurocamp - Day 2 Getty Images

    A fine choice, even if he isn’t the best current NBA player from Spain.

  4. Hornets sign first round pick P.J. Hairston

    Aug 22, 2014, 4:02 PM EDT

    PJ Hairston PJ Hairston

    Hairston’s guarantee will total $2 million over two seasons.

  5. J.R. Smith wants to be leader for Knicks this season

    Aug 22, 2014, 1:05 PM EDT

    Charlotte Bobcats v New York Knicks Getty Images

    Watching Smith and his gunner, ball-stopping tendencies try to fit in the move-the-ball, read and react triangle offense is going to be interesting. To put it kindly.

  6. Jeremy Lin feeling comfortable, even with new wax statue of himself

    Aug 22, 2014, 12:20 PM EDT

    Jeremy Lin wax figure

    His critics don’t get it, but Jeremy Lin is a solid NBA guard now.

  7. Report: Klay Thompson a Mike Krzyzewski favorite for Team USA

    Aug 22, 2014, 11:44 AM EDT

    Team USA Showcase Getty Images

    Krzyzewski – surprise, surprise – also reportedly likes Mason Plumlee, who played at Duke

  8. Watch Giannis Antetokounmpo go length of court in two dribbles, dunk (VIDEO)

    Aug 22, 2014, 10:35 AM EDT

    Taco Bell Skills Challenge 2014 Getty Images

    The Greek freak is going to be so much fun to watch at the world Cup.

  9. Drew Gooden will not play for Finland in World Cup

    Aug 22, 2014, 10:00 AM EDT

    Drew Gooden

    The hopes of the Finnish nation are crushed…. if they even noticed.

  10. V. Stiviano suit: Donald Sterling is gay

    Aug 22, 2014, 9:15 AM EDT

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

    Stiviano claims Sterling paid her to act as his beard

  11. Report: Mavericks re-sign Bernard James

    Aug 22, 2014, 8:00 AM EDT

    Berard James Berard James

    James, on one-year minimum-salary contract, will have right to veto trades

  12. Report: Thanasis Antetokounmpo chooses Knicks D-League team over playing in Europe next season

    Aug 21, 2014, 8:59 PM EDT

    thanasis nba draft

    Knicks finally considering the importance of developing young talent for the future.

  13. Report: Timberwolves to end up with Thad Young, Anthony Bennett as part of Kevin Love trade

    Aug 21, 2014, 7:31 PM EDT

    Kevin Love Kevin Love

    Wiggins too, while guys like Alexey Shved will be sent to the Sixers.

Featured video

Will LeBron get booed Christmas Day in Miami?
Top 10 NBA Player Searches
  1. D. Rose (3967)
  2. L. James (2429)
  3. K. Bryant (2352)
  4. S. Marion (2261)
  5. D. Cousins (2234)
  1. R. Allen (2115)
  2. K. Love (2103)
  3. K. Irving (2031)
  4. A. Davis (1991)
  5. P. George (1930)