Jan 25, 2013, 6:10 PM EDT
If you learned one thing from the time the Maloof family tried to move the Kings to Anaheim it should have been this — Sacramento fans, led by mayor Kevin Johnson, will not give up without a fight.
While the Maloof family has reached an agreement to Sacramento Kings to a group headed by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer — a group that intends to move the team to Seattle for next season — Johnson and team are working on a counter proposal.
One that includes Los Angeles based billionaire Ron Burkle, who flew out to New York to meet with David Stern this week, reports Sam Amick at USA Today.
Los Angeles-based billionaire and prospective owner of the Sacramento Kings, Ron Burkle, met with NBA Commissioner David Stern on Thursday in New York City, according to two people with knowledge of the situation…
Burkle — the supermarket mogul who is part owner of the NHL’s Pittsburgh Penguins — has been planning to make a competing bid with fellow money man Mark Mastrov, the Northern California-based founder of 24-Hour Fitness, in an attempt to convince the NBA to keep the team in Sacramento. The goal all along from the Sacramento side has been to force the NBA into a tough decision by putting together an arena plan and a bid that’s competitive with the Hansen-Ballmer group.
The question is simple: Even if Johnson puts together a group with the money and a viable plan, the question is will that be enough? If they do get it together, it would certainly make approval of the sale more awkward for the Board of Governors, but the board can choose what it wants.
If you’re asking why the Maloofs don’t just sell to Burkle, there is some animosity there. Burkle stepped forward saying he would buy the team and keep them in Sacramento when the Anaheim deal was proposed, and that angered the Maloofs. They don’t want him to get the team.
Any sale of a team must be approved by the NBA’s Board of Governors (made up of the owners or their appointed representative). That body meets in April in New York and Johnson is expected to make his pitch there.
But it will not be easy. He’s going to have to convince those owners (who may want to sell their team some day and don’t want a lot of precedent set) that Sacramento has an offer that is better for the league long term. While Sacramento is the nation’s 20th largest television market, Seattle is 14th. While Sacramento is pulling together an arena deal, Seattle’s is financed, through most approvals and on to environmental review (but certainly not done). Several owners — and reportedly David Stern — see leaving Seattle as a mistake they want to correct. Plus each owner would each get part of any relocation fee straight into their pockets — it was $30 million for the Sonics move to Oklahoma City, which is a little more than $1 million a team.
The Hansen/Ballmer group has worked hard to present an air of inevitability around this sale, to make it seem done and done. Smart move by them.
But it’s not done.
Sacramento certainly has its work cut out for it. But pulling out of Sacramento when city officials worked to keep the team, had quality new owners lined up plus an arena deal moving forward would be an ugly black eye for the league as well. The league says it wants communities and cities to work with them, that is what Sacramento has done only to be thwarted by the Maloofs. It also has been reported the Maloofs minority owners have a “first right of refusal” clause to buy the team if it went up for sale, something they could use to muck up the planned sale to Hansen/Ballmer.
It’s messy. But politics and business is now and always has been messy (go see “Lincoln”). However uphill the battle may seem, the people of Sacramento are not going down without a fight, they are not just letting their team waltz out of town.
Apr 19, 2015, 12:45 AM EDT
Houston outscores Dallas by 14 in 10 minutes with Howard and Harden, get outscored by four otherwise in 118-108 win
Apr 18, 2015, 11:30 PM EDT
Wade has the ability to hit free agency, but is choosing to stay in Miami for at least one more season.
Apr 18, 2015, 9:59 PM EDT
Rose finished with 23 points.
Apr 18, 2015, 9:00 PM EDT
Leaked images are horrible.
Apr 18, 2015, 7:56 PM EDT
Brooks scored 10 points in his first shift.
Apr 18, 2015, 6:39 PM EDT
Golden State, once up 25, escapes with 106-99 win
Apr 18, 2015, 5:00 PM EDT
The basketball was ugly, but this still may be a very competitive series.
Apr 18, 2015, 3:37 PM EDT
Pierce backed up his talk with plenty of action.
Apr 18, 2015, 2:00 PM EDT
They’re still expected to play around 32 minutes each.
Apr 18, 2015, 1:18 PM EDT
Ujiri cusses at a playoff pep rally for the second straight year.
Q&A: Corey Brewer on trade from Timberwolves, his 51-point game, Harden’s MVP case, Rockets vs. Mavericks
Apr 18, 2015, 12:30 PM EDT
Brewer has been a key member of the rotation for the two-seeded Rockets.
Apr 18, 2015, 11:00 AM EDT
Every playoff series is predicted.
Apr 18, 2015, 9:30 AM EDT
How do you feel about a lot of hack-a-Jordan for six or seven games?
Apr 18, 2015, 8:00 AM EDT
With most 2014 conference-finalists eliminated, Warriors are clear favorite
Apr 18, 2015, 12:30 AM EDT
Their rivalry goes back until the Dwight Howard free agent recruitment. If not earlier.
Apr 17, 2015, 11:30 PM EDT
The winner in 7 games will be …
Apr 17, 2015, 10:30 PM EDT
Cuban also says of Houston: “that’s not a very good team over there.”
Apr 17, 2015, 9:30 PM EDT
Can Brooklyn win a game?
Sounds like Pacers president Larry Bird, head coach Frank Vogel don’t want Roy Hibbert back next year
Apr 17, 2015, 8:30 PM EDT
Hibbert has a player option for $15.5 million next season.
Apr 17, 2015, 7:30 PM EDT
Three PBT writers pick the Warrior to beat the Cavaliers in the Finals.
- James Harden and Dwight Howard show Mavericks what they’re missing in Rockets’ Game 1 win 0
- Derrick Rose looks like his old self as Bulls beat Bucks in Game 1 8
- Warriors strong enough to outlast Anthony Davis and Pelicans in Game 1 4
- Paul Pierce leads Wizards to overtime Game 1 win over Raptors 5
- Q&A: Corey Brewer on trade from Timberwolves, his 51-point game, Harden’s MVP case, Rockets vs. Mavericks 2
- PBT First Round Playoff Previews: Los Angeles Clippers vs. San Antonio Spurs 10
- Why the 2015 NBA playoffs feel wide open – but probably shouldn’t 5
- PBT Extra: Houston, Dallas simply do not like each other 3