Feb 19, 2013, 5:44 PM EDT
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.
Mar 12, 2014, 2:55 PM EDT
We told you this was coming on Tuesday night, but now the Lakers have made it official: Kobe Bryant is out for the remainder of this NBA season. “Obviously this has been a frustrating and disappointing season, but I appreciate all the support I’ve received from the Lakers and the fans, and look forward to…
Mar 12, 2014, 2:40 PM EDT
It’s the NBA — you keep your star players in the loop, you consult with them on big moves, if for no other reason then to make them feel wanted. Elite talent is in limited supply in the NBA, you need to keep those guys happy. So it was only a matter of time before…
Steve Kerr confirms his interest in coaching, understands speculation that he will join Phil Jackson with Knicks
Mar 12, 2014, 1:51 PM EDT
Steve Kerr sees why you’d make the connection between Phil Jackson, the Knicks, and himself. But he won’t discuss it just yet.
Mar 12, 2014, 1:04 PM EDT
Patrick Beverley went hard after Russell Westbrook from the opening tip on Tuesday, but James Harden says it was a needless distraction.
Mar 12, 2014, 12:33 PM EDT
Thomas grew up a Lakers, Kobe Bryant fan.
Mar 12, 2014, 11:59 AM EDT
“From that day forward, I knew I was the guy, the leader, and I knew that they trusted me.”
Mar 12, 2014, 11:32 AM EDT
Carmelo Anthony has never met Phil Jackson.
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.
- It’s official: Lakers rule out Kobe Bryant for remainder of NBA season 0
- Carmelo Anthony confirms Phil Jackson “will be coming on board” with Knicks 9
- Report: Knicks, Phil Jackson have deal in principle for him to be team president. Or not. Depends on who you ask. 26
- 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 17