Jan 22, 2013, 11:50 PM EDT
There aren’t a lot of people willing to give Sacramento much of a fighting chance to hold on to the Kings, but they’re not going down without a big money fight.
Sources familiar with the situation tell ProBasketballTalk that “mega whales” Ron Burkle and Mark Mastrov are in serious talks with the city of Sacramento to collaborate on a bid to buy the Kings and keep them in California’s capitol.
Additionally, sources report that there is no shortage of bidders as at least five groups have approached the city and have NBA-level credentials.
Burkle famously was interested in buying the Kings from the Maloofs when they filed for relocation in 2011, but was rebuffed by the family in an emotional response.
From Sacramento’s perspective, the combination of Burkle and Mastrov would be an extremely compelling group to present to the NBA’s Board of Governors, and is being called a “dream team” by those close to the negotiations. Burkle, a billionaire, has transformed the Pittsburgh Penguins into a model NHL franchise and was coveted by Commissioner David Stern, who excitedly told Kevin Johnson last year, “You’ve got Burkle?” Mastrov founded the 24 Hour Fitness chain and finished second in a recent bid to purchase the Warriors, ahead of billionaire Larry Ellison.
Both owners would work with the city of Sacramento using a model of last year’s arena plan that was negotiated and agreed upon by David Stern and AEG. Sources say that their interest is derived from Sacramento’s burgeoning basketball marketplace, a market they has been evaluated in talks to be a top-5 NBA market when one factors in the lack of other sports competition.
Hanging over the situation is the fact that the NBA has received over $3 billion in public subsidy money for arenas since 1990, and sources with knowledge of the situation maintain that Sacramento’s current “model offer” of public funds will not go unrecognized by the NBA’s Board of Governors. Aside from a public relations nightmare similar to that of Sonicsgate, the league’s ability to secure future funds from cities could be threatened if Sacramento is abandoned for Seattle. Yahoo! Sports and CSN Bay Area have reported that the Board of Governors has already made up their minds to support a move to Seattle, but sources speaking to PBT on the condition of anonymity don’t see it that way.
The Sacramento Bee and USA Today were first to report these developments.
Apr 21, 2015, 11:30 PM EDT
Washington wins Game 2, 117-106, in Toronto
Apr 21, 2015, 10:45 PM EDT
LeBron to Love, LeBron from Irving
Apr 21, 2015, 10:00 PM EDT
LeBron had 30, Kyrie Irving added 26 to give Cleveland the 2-0 lead in the series.
Apr 21, 2015, 9:41 PM EDT
Devin Harris also out Game 2 for Mavericks
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Apr 21, 2015, 8:45 PM EDT
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Apr 21, 2015, 8:00 PM EDT
Bulls forward strained knee in scuffle with Zaza Pachulia
Apr 21, 2015, 7:15 PM EDT
Expect to see a lot more Kawhi Leonard (and Danny Green) on Paul from the start.
Apr 21, 2015, 6:30 PM EDT
He said it was a running joke with a teammate.
Apr 21, 2015, 5:40 PM EDT
Lillard was 5-of-21 in Game 1.
Apr 21, 2015, 4:51 PM EDT
The twins were allegedly part of a group that beat up a man outside a rec league basketball tournament.
Apr 21, 2015, 4:14 PM EDT
Horford is going to have work to do on the defensive end slowing down Brook Lopez.
Apr 21, 2015, 3:30 PM EDT
Well done, Zach Randolph and the Memphis Grizzlies.
Apr 21, 2015, 2:43 PM EDT
Teletovic was originally ruled out for the season on Jan. 23.
Apr 21, 2015, 1:50 PM EDT
Is nothing sacred?
Nets coach Lionel Hollins isn’t focused on stopping Kyle Korver: ‘It’s not like we’re talking Stephen Curry’
Apr 21, 2015, 1:10 PM EDT
Korver led the Hawks with 21 points in Atlanta’s Game 1 win over the Nets.
Apr 21, 2015, 12:30 PM EDT
He’ll consider everything.
Apr 21, 2015, 11:50 AM EDT
Another report has Aldridge at no better than 50-50 to re-sign with the Blazers.
Apr 21, 2015, 11:10 AM EDT
Williams will be an unrestricted free agent this summer.
Apr 21, 2015, 10:26 AM EDT
Full voting results enclosed.
Apr 21, 2015, 9:50 AM EDT
Butler wasn’t wrong — he torched the Bucks for 31 points.
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