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.
Mar 12, 2014, 10:52 AM EDT
Andrew Bynum looked good against the Celtics Tuesday. It was simple and clear. When basketball coaches say “you can’t teach height” Bynum showed exactly what they mean — matched up on Jared Sullinger and Brandon Bass, Bynum just grabbed rebounds and made shots right over the top of them. He was too big, too physical.…
Mar 12, 2014, 10:02 AM EDT
As I’ve watched the Miami Heat excel these last few years, I’ve gained an appreciation for how LeBron James, Dwyane Wade, Chris Bosh, et al. play the game of basketball. But I’ve also grown to appreciate Heat sideline reporter Jason Jackson. Through all the Heat’s video-bombing, Jackson keeps hitting the right notes. As someone who’s…
Mar 12, 2014, 9:30 AM EDT
His second 10-day contract ends Friday.
Mar 12, 2014, 8:44 AM EDT
Andre Iguodala put up an impressive highlight as the Warriors routed the Mavericks.
Report: Knicks, Phil Jackson have deal in principle for him to be team president. Or not. Depends on who you ask.
Mar 12, 2014, 8:30 AM EDT
Nothing is final until the ink dries on the contract, but Jackson to the Knicks as team president seems done. It will end poorly but should be an interesting ride.
Mar 12, 2014, 8:22 AM EDT
One really good team won’t make it at all, and at least two excellent teams won’t even make the second round.
Mar 12, 2014, 2:33 AM EDT
Our quick look around the NBA, or what you missed while thinking I never had teachers like that… San Antonio Spurs offense. The Bulls defense has forced everyone they have faced lately into an ugly, grappling fight on the ground that favors Chicago. Even Miami fell victim to it. San Antonio rose above it with…
Mar 12, 2014, 12:32 AM EDT
To be fair Omer Asik was wide open, he just was on the bench at the time when Dwight Howard hit him with a pass.
Mar 11, 2014, 11:21 PM EDT
Kevin Durant led the Thunder to victory with his 42 points, but not before there were plenty of fireworks between the two teams.
Mar 11, 2014, 9:36 PM EDT
Kobe Bryant’s recovery has been slower than expected, and the Lakers are reportedly ready to officially shut him down for the season.
Patrick Beverley goes at Russell Westbrook just as he did on the play that caused injury in 2013 playoffs (VIDEO)
Mar 11, 2014, 8:44 PM EDT
Patrick Beverley gives Russell Westbrook a not-so-subtle reminder of the play that caused Westbrook’s season-ending knee injury in the 2013 playoffs.
Mar 11, 2014, 8:13 PM EDT
George Karl says that Carmelo Anthony, whom he coached in Denver, isn’t a Phil Jackson type of player. Which means?
Mar 11, 2014, 7:10 PM EDT
You knew this was coming right after the incident Monday night — the Suns Tucker got a game for a forearm to Griffin’s head. As he should have.
Mar 11, 2014, 4:43 PM EDT
It’s been clear for a while that Kobe Bryant was done for the season. The Lakers would not say that publicly for the same reason the Bulls would not say Derrick Rose would not come back last playoffs when we all knew he wouldn’t. They don’t want to anger their star player, and if fans…
Mar 11, 2014, 3:44 PM EDT
If Andrea Bargnani is out the rest of the season, Knicks fans will be good with that.
Mar 11, 2014, 2:50 PM EDT
Why to the Boston Celtics need a St. Patrick’s Day uniform? Good question. But they have one now, with sleeves.
Mar 11, 2014, 1:56 PM EDT
The last time LeBron went back-to-back games without a trip to the free throw line he was a rookie.
Mar 11, 2014, 1:10 PM EDT
To be fair to the ball boy, nobody expects Tyler Hansbrough to make a steal on the perimeter then race out on the fast break by himself.
Mar 11, 2014, 12:25 PM EDT
Don’t use cotton swabs, kids.
- Report: Knicks, Phil Jackson have deal in principle for him to be team president. Or not. Depends on who you ask. 16
- Extra Pass: Western Conference playoff field ought to be really good, but just how good? 1
- Tuesday night NBA Grades: San Antonio with another impressive statement 5
- Kevin Durant scores 42, Thunder win a chippy one over Rockets 8
- Report: Lakers to officially declare Kobe Bryant out for the season 22