Jan 11, 2013, 6:04 PM EDT
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.
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.
Jul 24, 2014, 9:22 AM EDT
Sacramento’s search for a starting-caliber point guard let the one already there leave for Suns
Jul 24, 2014, 8:45 AM EDT
San Antonio guard says he won’t represent Argentina if he still feels pain
Jul 24, 2014, 8:44 AM EDT
The good news, he did not eat all the ice cream he wanted during his recovery from a tonsillectomy.
James Harden: “Dwight and I are the cornerstones of the Rockets. The rest of the guys are role players.”
Jul 24, 2014, 8:00 AM EDT
Rockets players certainly are giving Parsons plenty of bulletin board material.
Jul 24, 2014, 1:00 AM EDT
Shannon Brown joins Metta World Peace and Lamar Odom
Jul 24, 2014, 12:01 AM EDT
Allen has already said an MRI comes first
Jul 23, 2014, 10:59 PM EDT
We know how this movie is going to end, Donald Sterling will lose the Clippers, we just don’t know how we will get there yet.
Jul 23, 2014, 9:55 PM EDT
Aminu, who replaces Rashard Lewis, will have player option
Jul 23, 2014, 9:30 PM EDT
Houston’s other second rounder, Alessandro Gentile, to remain in Europe
Jul 23, 2014, 8:40 PM EDT
If you really want something and you can afford it, why not? But Ballmer overpaid big for the Clips.
Jul 23, 2014, 7:49 PM EDT
Does this mean Boston will trade Rajon Rondo?
Jul 23, 2014, 7:12 PM EDT
Sacramento reportedly plans to file waiver claim on Casspi
Jul 23, 2014, 5:38 PM EDT
If Kevin Love goes to Cleveland does that impact Ray Allen’s decision?
Jul 23, 2014, 5:09 PM EDT
Numbers show a substantial increase in popularity.
Jul 23, 2014, 4:25 PM EDT
Exum is a project but he also could be the point guard of the future in Utah.
Jul 23, 2014, 3:40 PM EDT
“I was about to get him kicked out of the camp,” Wade joked.
Jul 23, 2014, 2:56 PM EDT
Good pickup to add some depth at the point, something Dallas needed unless you’re expecting a monster bounce-back season for Raymond Felton.
Jul 23, 2014, 2:09 PM EDT
Is it better than the offer being put together by the Cavaliers?
Jul 23, 2014, 1:30 PM EDT
He was given community services, which he can complete in Dallas where he was traded.
Jul 23, 2014, 12:55 PM EDT
Waiters will continue to be rumored to be available until he proves he can fit in with Kyrie Irving.
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- Mavericks signing Al-Farouq Aminu to two-year, minimum salary contract 9
- Report: Ballmer’s $2 billion Clippers offer nearly double what Bank of America valued team at 14
- Report: Jameer Nelson near $2.7 million deal to join Dallas Mavericks 16
- Report: Mavericks void Rashard Lewis’ contract after it’s discovered he needs knee surgery 13
- Report: Sixers, Nuggets or Celtics could become third team in Kevin Love trade to Cavaliers 48
- Five biggest surprises from Summer League 14
- Justin Bieber and Kevin Durant share brunch (photo) 23