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.
May 27, 2015, 8:12 PM EDT
The Cavaliers are allowing 98.5 points per 100 possession in the playoffs, the best of the four teams to reach the conference Finals
May 27, 2015, 7:20 PM EDT
Will he become Anthony Davis’ next head coach?
Stephen Curry feels like there’s a bruise ‘all the way up and down’ his body, will likely wear arm sleeve in Game 5
May 27, 2015, 6:28 PM EDT
Warriors guard says he shot well with sleeve in shootaround
May 27, 2015, 5:35 PM EDT
If they want him gone, they just have to pull the trigger on the firing. Otherwise, bring him back.
May 27, 2015, 4:47 PM EDT
The Hawks had an exciting season, they filled an arena that in past years felt like a mausoleum, they played beautiful basketball for months at a time.
May 27, 2015, 3:59 PM EDT
May 27, 2015, 3:23 PM EDT
Free agents will still come to the Lakers, but their pool may be smaller than some other teams because of Kobe.
May 27, 2015, 2:30 PM EDT
There were plenty of rumors to the contrary.
May 27, 2015, 1:50 PM EDT
Suns don’t need any more young players.
May 27, 2015, 1:10 PM EDT
Plenty has changed since LeBron re-joined the Cavaliers last summer.
May 27, 2015, 12:30 PM EDT
Hawks, too, have some decisions to make this summer.
May 27, 2015, 11:50 AM EDT
The offers won’t be as strong as they were in December.
Lakers GM Mitch Kupchak: ‘Anywhere from 4-8 players could be in consideration’ for No. 2 pick in NBA Draft
May 27, 2015, 11:10 AM EDT
Eight seems like too many, but Kupchak has proven that he knows what he’s doing.
May 27, 2015, 10:30 AM EDT
Finals begin June 4; complete schedule enclosed.
May 27, 2015, 9:50 AM EDT
A nice moment for the Cavaliers.
May 27, 2015, 9:10 AM EDT
LeBron strikes the iconic Dunkman pose.
May 27, 2015, 8:30 AM EDT
They’re still tight.
May 27, 2015, 8:00 AM EDT
Curry and this Warriors team are not going to crumble like the Clippers did.
May 27, 2015, 2:02 AM EDT
J.R. Smith on the national stage of the Finals is going to be so much fun.
May 27, 2015, 1:25 AM EDT
The Hawks have an excellent foundation to build on.
- PBT Extra: Cavaliers’ improved defense helps them to Finals 0
- Reports: Bulls getting closer to firing Tom Thibodeau 16
- PBT Extra: Despite ending, Hawks had season worth celebrating 3
- Bucks’ Jared Dudley: “Most guys don’t want to play with Kobe” 58
- PBT Extra: Expect a healthy Stephen Curry for Game 5… sorry Houston 4
- Hawks’ excellent season shouldn’t be discredited because of playoff exit 24
- Cavaliers complete sweep of Hawks, advance to NBA Finals 82
- Kyrie Irving back in Cavaliers lineup for Game 4 vs. Hawks 5