Feb 19, 2013, 5:44 PM EST
There is a lot to understand when it comes to the potential sale of Sacramento Kings. As NBA commissioner David Stern laid out Saturday, the 29 owners deciding the Kings’ future home face a complex story involving a great ownership group in Seattle and a compelling story out of Sacramento.
Seattle’s ownership group already has executed a contract to buy the Kings from the Maloof family. If Sacramento mayor Kevin Johnson produces a “fair and competitive” offer – including a significant public subsidy for a new arena – it would potentially give the owners two viable options.
A sale agreement would need to be approved by a three-quarters vote of NBA owners. A relocation approval must pass with a majority vote. Both issues are intertwined, as Stern has combined both relocation and finance committees to review the matter with a vote likely occurring at the Board of Governors meeting in mid-April.
The Maloofs have already filed for relocation to Seattle, and despite reports out of Seattle that the deal has already been vetted Stern said on Saturday that the committees are still reviewing the sale and relocation bid.
Early reports mirrored the efforts of the Seattle group to portray an NBA decision to allow the Kings to move to Seattle as a done deal. Sources have told PBT that Sacramento would be given a real chance to produce a ‘fair and competitive’ offer to keep the team in California’s capitol.
Stern’s comments have echoed that sentiment leading up to this week, and on Saturday he said it was “plausible” that the Kings remain in Sacramento, and that a decision would be made on a number of criteria but that “economics” would not be the lone factor. Stern’s comments are rooted in the multitude of issues that will play a role in the BOG’s decision-making that aren’t tied to franchise price, but overlook the “economics” factor.
“I don’t think it’s a bidding war….” Stern said last week. “There’s a series of issues that are defined by our constitution that have to be considered. One of the things that our board is mandated to consider is the support for the team in the prior city. So there are real issues for the board to consider, about the buildings, about the likelihood they will be built, about the support from the cities.”
Stern also addressed the idea of expansion on Saturday, an idea that would give the league a potential out to keep both cities and potential ownership groups happy.
“I don’t see any scenario where both cities are happy….” Stern said. “There’s a large group of owners who believe that expansion as an economic matter; is a neutral thing. At least the way we’ve done it to date, you get a lot of money in and in return for that you cut the new team in for a large and growing source of revenue from national TV, national licensing, and all things international and digital. And then it doesn’t really seem to make that much additional sense as the increased revenue that demands to the gross (basketball-related income) and increased each player costs and the like.
“So it has to be parsed and analyzed but right now given that we’ve just come through an intriguing collective bargaining negotiation and coupled it with specific revenue sharing, over $200 million, I think the sentiment is to let it all settle and assess how we are doing and what the projections are for how we’ll do.”
Multiple sources told PBT that even if expansion were a possibility that it would be extremely unlikely for the league to express support for it.
This will continue as a two-city race for one team to be decided by the Board of Governors in the coming months.
Dec 7, 2013, 11:00 AM EST
The Knicks have won two straight in blowout fashion, looking a little like last year’s club with the hot three-point shooting and briefly returning some sense of sanity to the team and its fan base. The media has yet to catch up, however, as the reports and rumors continue to fly about Carmelo Anthony‘s future…
Dec 7, 2013, 9:30 AM EST
The Knicks rolled the Magic 121-83 on Friday to earn a much-needed second straight victory, but Orlando rookie Victor Oladipo came up with at least one play that was worthy of the highlight reel. As Carmelo Anthony drives the lane for what looks to be a certain slam, Oladipo rises up and rejects him at…
Dec 7, 2013, 8:00 AM EST
Kobe Bryant‘s return — and the Lakers’ decision to announce it with a video on Facebook of Kobe’s jersey — is the focus of the latest edition of NBC’s ProBasketballTalk Podcast with myself and Eyton Shander of NBC Sports Radio. We talk about what this means for the Lakers, both in the short-term this season…
Dec 6, 2013, 11:47 PM EST
Russell Westbrook wasn’t the only one showcasing his range under pressure on Friday. Paul Millsap of the Hawks heaved a shot from well beyond half court to beat the first quarter buzzer against the Cavaliers, and it found nothing but the bottom of the net. We’d like to tell you that this particular heave mattered…
Dec 6, 2013, 10:31 PM EST
Anytime a player on either team hits a shot from a distance that borders on the absurd, the announcers on the telecast seemingly can’t wait to break out the local references in describing just how far away the attempt actually was. In this case, we had Russell Westbrook hitting a shot from near halfcourt to…
Dec 6, 2013, 9:23 PM EST
Ray Allen couldn’t do it. Neither could Reggie Miller or Stephen Curry or any of the other three-point marksman you can name. Kyle Korver has now made a three in 90 consecutive games, breaking the record Dana Barros set in 1996. He did it midway through the first quarter from above the break on the…
Dec 6, 2013, 6:52 PM EST
Otto Porter, the No. 3 pick of the Washington Wizards and the guy seen as their small forward of the future, could make his NBA debut Friday night. Porter, who strained his hip flexor in September and missed all of training camp and the start of the season, is active for the Wizards Friday night…
Dec 6, 2013, 6:04 PM EST
Kobe Bryant decided to stay home from Sacramento, but he will be in the Lakers lineup Sunday night against Toronto. Steve Nash went with the Lakers up to Sacramento after a week of limited practices but nobody has any idea when we will see him. Or even if we ever will. Nash spoke with reporters…
Dec 6, 2013, 5:23 PM EST
Kobe Bryant’s jersey has faced snow, rain and wind. Yet, it’s endured. That’s the lesson I took from the above video, which Kobe posted to Facebook today. Oh, and that Kobe will return Sunday against the Raptors. I guess he’s been through a lot, too. Sunday will mark just 240 days since he tore his…
Dec 6, 2013, 3:59 PM EST
Kevin Love will not suit up Saturday night when the Timberwolves host the Miami Heat for the one time this season. Love’s grandmother has passed away and he is not with the team right now. Timberwolves assistant coach Terry Porter said Friday Love will not play Saturday, tweets the St. Paul Pioneer Press. The Timberwolves…
Dec 6, 2013, 3:22 PM EST
UPDATE 5:37 pm: Kobe Bryant will make his return on Sunday night — he made the announcement in a Facebook video. Apparently he owns some FB stock. 3:22 pm: The Lakers are in Sacramento tonight. Kobe Bryant will be at his home in Newport Beach, trying to get his daughters to turn off the “Muppets…
Dec 6, 2013, 3:02 PM EST
Dana Barros, a little point guard out of Massachusetts who got to play for the Celtics as part of a 14-year NBA career, and while there he set a record: Eighty-nine consecutive games with a made three. If Kyle Korver knocks down a three Friday night when the Hawks host the Cleveland Cavaliers Korver will…
Dec 6, 2013, 2:19 PM EST
I would say the fact Houston has put Omer Asik on the trade block is the worst kept secret in the NBA, except it’s not a secret. Everybody knows it. The only questions are when he gets moved and where he lands. Talks have not progressed all that quickly because while other teams come in…
Dec 6, 2013, 1:54 PM EST
“They hate me, they hate me. I don’t know why, but it is what it is. I already know I’ve got the target on my back, but I’ll play through it; I don’t care. I really don’t. It doesn’t bother me none. If I get a call, I get a call. If I don’t, I…
Dec 6, 2013, 1:45 PM EST
The USA Today has a fantastic feature speaking to Rajon Rondo’s high school coach, Steve Smith (not the player Steve Smith, different guy). It’s well done, you can learn about Rondo as a young player. Then came this interesting tidbit when Smith was asked if he thought Rondo could bounce all the way back from…
Dec 6, 2013, 1:00 PM EST
Apparently Glen Davis was a big child. Very big. Big Baby just returned to the lineup for the first time since last January, when he broke a bone in his foot that took two surgeries to repair properly. He’s looked pretty good since coming back — he had 33 points in the game against Philadelphia…
Dec 6, 2013, 12:39 PM EST
Dwyane Wade is going to be taking a lot of games off this season as the Heat try to rest his knees for the playoffs. It started in the second game of the season and it will continue as he has been out 5 of the Heat’s 19 games (he missed the Bulls game Thursday…
Dec 6, 2013, 11:38 AM EST
Brook Lopez’s second season in the NBA the Nets went an ugly 12-70 (with him as their best player). This wasn’t a team trying to tank for the draft — the Nets got the third pick thanks to the lottery and chose Derrick Favors, who was moved in the Deron Williams deal — this was…
Dec 6, 2013, 11:12 AM EST
When the Knicks got Andrea Bargnani the sales pitch from the pro-Bargnani side was he could do things Steve Novak couldn’t — play some defense in the post and put the ball on the floor and blow by guys. Whether those skills are really worth $23 million over two years is now a moot question,…
Dec 6, 2013, 10:50 AM EST
LeBron James doesn’t like wearing his new shoes. I mean literally his shoes — the LeBron 11 by Nike. Usually if you have a signature shoe you wear it, and in LeBron’s case when he slips on the shoe it’s a lot of free promotion considering the spotlight on him. LeBron outsells any current player…
- Report: Knicks have ‘zero intention’ of trading Carmelo Anthony 0
- PBT Podcast for Dec. 7: Kobe’s back and for the Lakers that means…. 0
- Kobe Bryant returning Sunday against Raptors 18
- Report: Rockets stepping up efforts to move Omer Asik 10
- Rumor: Carmelo Anthony recruiting Rajon Rondo to come to New York in 2015 18
- LeBron says Wade is “getting that Kobe deal” in next contract. Should he? (64)
- Michael Beasley finding a role, groove in Miami (43)
- The Extra Pass: Our awards at the quarter pole, plus Monday recaps (42)
- Dwight Howard frustrated with Rockets’ effort in recent losses (40)
- Kobe Bryant dunks, looks good in Lakers practice; Friday return possible (38)