Jan 21, 2013, 10:01 AM EDT
The Maloofs have made their decision — they have reached a deal to sell the Sacramento Kings to Chris Hansen and his Seattle based group. As we reported, that sale will be formally announced in the coming days, and by Feb. 1 the Maloof family will get a $30 million deposit.
But that is not the end of the saga. So what’s next? Does Sacramento have any chance of keeping their team?
Here’s what happens from here on out.
• The new ownership group will make their application to the league for team relocation to Seattle for next season, something they must do by March 1. This is key, what nobody wants is a lame duck season where the Seattle group owns the team with plans to move but they play in an empty Sacramento arena.
The relocation committee is expected to easily approve the move, reports Adrian Wojnarowski of Yahoo Sports and the NBC Sports Network. The Kings would play two seasons in Key Arena while their new stadium is built (not far from Safeco Field where the Mariners play). That stadium is going through an environmental review process now but has its financing and most governmental approvals in place already.
• The NBA’s Board of Governors — made up of the owners (or their appointed representative) — has to approve the sale, likely a vote will come when they meet in New York in April (giving the league time to do background checks on the new owners).
This is where Sacramento will makes its last stand — Mayor Kevin Johnson is scheduled to address the BOG and makes his pitch for the owners to reject the sale to Hansen and instead push the Maloofs to sell to a local ownership group. We have detailed how he is putting all of this together and it should be a good offer with legitimate big money. This group will include parties looking to build a new arena in Sacramento.
Johnson will have to show how keeping the team in Sacramento is better for the owners’ bottom line. Sacramento fans can preach image issues if they want, but money is what matters. If the lockout taught us one thing it is that. Which makes things a challenge for Sacramento because Seattle is a larger television market and the owners would get cash in their pockets from a from a relocation fee (which was $30 million for the Sonics to become the Thunder). But as we have detailed Sacramento Mayor Kevin Johnson believes he can make a compelling case because his group would not have to repay a loan to the city of Sacramento, nor would he have to pay relocate.
There are reports the owners just want to approve the sale and get this all behind them, but like always they will vote what is best for their pocketbooks.
• Negotiations with the Thunder over the name Sonics. Clay Bennett’s group, when it moved the team, kept the rights to the name Sonics but would be open to a transfer if a team moved to Seattle. It’s hard to see him standing in the way of this if the sale is approved, or David Stern letting him.
What is interesting is how you treat the history of the franchises. Do the old Seattle records move back to Seattle with the new franchise? What about the history and records of the Kings, a franchise with a long history going back through Kansas City to the early days of the NBA?
• Whatever happens with the sale of the team, look for a radical reorganization of the front office. Kings GM Geoff Petrie is in the last year of his deal and is reportedly going to retire at the end of the season.
Spurs head man R.C. Buford and former Pacers president Larry Bird are targets of the organization, reports Wojnarowski. Longtime NBA writer Peter Vecsey says Phil Jackson is in the mix for a front office spot. But even if the team stays it is expected that how the Kings are run as an organization will get an overhaul.
Apr 20, 2014, 6:58 PM EDT
Bobcats were scrappy, but with Al Jefferson hurting Miami just had too much LeBron James and Dwyane Wade.
Apr 20, 2014, 5:43 PM EDT
Touching moment as Gregg Popovich delivers a heartfelt message.
Apr 20, 2014, 4:21 PM EDT
Spurs close the game on a 19-4 run after trailing by double digits.
Apr 20, 2014, 3:30 PM EDT
Statement confirms referees handled replay review correctly, but also admits that they missed the initial foul call on a critical possession.
Apr 20, 2014, 2:00 PM EDT
If Jim Buss fails to deliver in quickly rebuilding the Lakers, he says he’ll resign.
Apr 20, 2014, 12:30 PM EDT
Roy Hibbert owned up to a poor Game 1. Will he do anything about it in Game 2 is the question.
Apr 20, 2014, 11:00 AM EDT
Shot clocks stopped working midway through the third quarter, but Raptors say all will be well in time for Game 2.
Apr 20, 2014, 9:30 AM EDT
Where you going, Evan?
Apr 20, 2014, 8:00 AM EDT
“That’s what I do!”
Apr 20, 2014, 12:44 AM EDT
OKC led by as many as 25 points in the first half.
Apr 19, 2014, 11:30 PM EDT
Roy Hibbert wasn’t good in Game 1 against the Hawks, and this play epitomized his performance.
Apr 19, 2014, 10:01 PM EDT
The eight-seed Hawks blowout the Pacers in Game 1.
Apr 19, 2014, 8:45 PM EDT
Blake Griffin totally did this on purpose.
Apr 19, 2014, 7:12 PM EDT
Warriors steal Game 1 in Los Angeles.
Apr 19, 2014, 5:30 PM EDT
It looked good as soon as it left his hands.
Apr 19, 2014, 4:06 PM EDT
Playoff games are played in the halfcourt and the Nets owned that in Game 1.
Apr 19, 2014, 2:39 PM EDT
A rare and raw show of emotion from a team’s GM was caught on camera.
Nash to Nowitzki: ‘What would you do if you were me? Would you come back?’ Dirk: ‘I’m not sure, bro.’ (VIDEO)
Apr 19, 2014, 2:00 PM EDT
Dirk Nowizki is brutally honest.
Apr 19, 2014, 12:30 PM EDT
“Garnett and Pierce are so old the Raptor had to ask his dad about them.”
Apr 19, 2014, 11:00 AM EDT
Words continue to be exchanged between two teams that clearly don’t like each other.
- Charlotte is scrappy but Heat have too much in comfortable 99-88 win 4
- Spurs use huge 4th quarter run to come back and win Game 1 vs. Mavericks 7
- NBA issues statement saying Chris Paul was fouled before late-game turnover against Warriors 15
- Jim Buss says he’ll step down if Lakers aren’t contenders again in ‘three to four years’ 29
- Thunder start fast, cruise to Game 1 win over Grizzlies 4