Jan 11, 2013, 6:04 PM EST
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.
Jan 29, 2015, 11:30 PM EST
It didn’t look good.
Jan 29, 2015, 10:45 PM EST
Management is displeased with their underperformance.
Jan 29, 2015, 10:02 PM EST
“Don’t it always seem to go that you don’t know what you’ve got ‘til it’s gone.”
Jan 29, 2015, 9:30 PM EST
The new rule is an attempt to curtail Jay Z-style figurehead owners.
Jan 29, 2015, 8:09 PM EST
He will get a second opinion.
Jan 29, 2015, 8:00 PM EST
Damian Lillard, Kyle Korver, DeMarcus Cousins and more.
Jan 29, 2015, 7:27 PM EST
DeMarcus Cousins and Damian Lillard were left off in the West.
Jan 29, 2015, 6:42 PM EST
A promotional video hyping the matchup features plenty of players, but Kevin Love is noticeably absent.
Jan 29, 2015, 6:00 PM EST
Mitch Kupchak expects Kobe to return next season.
Jan 29, 2015, 5:20 PM EST
Reserves are announced tonight.
Jan 29, 2015, 4:39 PM EST
Brooks may last the season, but may not if Thunder miss the playoffs. Jackson, meanwhile, has been marginalized ever since Dion Waiters was acquired.
Jan 29, 2015, 3:56 PM EST
Wade may be selected as an All-Star reserve Thursday night, but wouldn’t play in the midseason exhibition if the timeline holds true.
Jan 29, 2015, 3:25 PM EST
“I looked down to see my legs, and I saw my bone. The second I saw my bone, I just lost it.”
Jan 29, 2015, 2:45 PM EST
Jan 29, 2015, 2:02 PM EST
See Andrew Wiggins’, Shabazz Muhammad’s and Dante Exum’s
Jan 29, 2015, 1:28 PM EST
Timberwolves enjoying rare win
Jan 29, 2015, 12:50 PM EST
Oklahoma City expected to deal Jackson
Jan 29, 2015, 12:14 PM EST
Spurs guard completes field
Jan 29, 2015, 11:41 AM EST
Thunder star is ridiculous(ly awesome)
Jan 29, 2015, 11:03 AM EST
A mutual parting after season wouldn’t be a surprised
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