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.
Sep 20, 2014, 11:00 PM EDT
Rubio may not like it, but Minnesota can retain his rights in restricted free agency next summer.
Sep 20, 2014, 9:30 PM EDT
Big man from Mexico preferred to remain in the NBA, but took the payday to return overseas.
Sep 20, 2014, 8:00 PM EDT
Watch it all the way through.
Sep 20, 2014, 6:30 PM EDT
With two years left in the NBA, Bryant has an eye on life after basketball.
Sep 20, 2014, 5:00 PM EDT
A previous report said Gibson was less than thrilled with remaining a reserve.
Sep 20, 2014, 3:30 PM EDT
Blatche can play, but the NBA offers simply weren’t there.
Sep 20, 2014, 2:00 PM EDT
10-story-high banner will return after a similar one was taken down when James left in 2010.
Sep 20, 2014, 12:28 PM EDT
Sessions could start at point guard for Sacramento.
Sep 20, 2014, 11:00 AM EDT
Unsurprisingly, Curry supports his backcourt mate 100 percent.
Sep 20, 2014, 9:30 AM EDT
He had toe surgery in mid-August.
Sep 20, 2014, 8:00 AM EDT
This is what you want out of these guys.
Tyson Chandler says negative comments questioning his impact on chemistry with Knicks were ‘the ultimate shock’
Sep 19, 2014, 11:00 PM EDT
Chandler, now with Dallas, fires back at the Knicks.
Sep 19, 2014, 9:45 PM EDT
Chapman played four years for the Suns, and is facing charges in Scottsdale, AZ.
Sep 19, 2014, 8:15 PM EDT
Must-read quote from Bogut on how he does NOT want to be perceived.
Sep 19, 2014, 5:59 PM EDT
This post is here to make life easier for you when you want to find these at the end of the season and point out how wrong we were.
UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks
Sep 19, 2014, 5:11 PM EDT
It has to be a sign and trade and Minnesota doesn’t have a lot of leverage here.
Sep 19, 2014, 4:00 PM EDT
“It was more just becoming a better all-around player, trying to take the next step and become a leader on this team and will my team to win.” —Jeff Green
Sep 19, 2014, 3:28 PM EDT
And you wonder why Phil Jackson is worth $12 million a year to the Knicks organization.
Sep 19, 2014, 2:50 PM EDT
Budenholzer got thrust into a position with the power a lot of coaches covet.
- Andray Blatche signs deal to play in China next season 6
- UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks 39
- LeBron James unveils latest signature shoe from Nike: The LEBRON 12 12
- ProBasketballTalk 2014-15 Preview: Toronto Raptors 10
- Dwyane Wade credits David Stern’s dress code for improving his style 18
- Kevin Durant has grown close with Karl Malone 15
- ProBasketballTalk 2014-15 Preview: Philadelphia 76ers 5
- Steve Kerr said Danny Ferry made mistake but is a “man of high character” 38