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.
Sep 22, 2014, 3:22 PM EDT
Great job, Danny. Great job.
Sep 22, 2014, 2:45 PM EDT
Jones – who played for the 76ers, Rockets, Bulls (during Michael Jordan’s rookie season), Trail Blazers and Spurs – helped shape Tim Duncan’s career
Sep 22, 2014, 2:04 PM EDT
Chandler: ‘We are going to be a great defensive team’
Sep 22, 2014, 1:29 PM EDT
There were multiple NBA players arrested on domestic abuse charges last year. The spotlight on those cases will be different now.
Sep 22, 2014, 12:50 PM EDT
This is the Marcus Williams who played at Arizona, not Connecticut
Sep 22, 2014, 12:11 PM EDT
James Blair can watch LeBron in person in Cleveland again
Sep 22, 2014, 11:30 AM EDT
“The first thing I ever Googled about the man, the first thing that popped up was “racist.” So I was aware. I hate to say this, and it might sound ignorant, but I wasn’t surprised that all this came up.”—Blake Griffin on Donald Sterling
Sep 22, 2014, 10:32 AM EDT
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Sep 22, 2014, 10:11 AM EDT
Toddler imitates Allen Iverson’s practice rant
Sep 22, 2014, 9:31 AM EDT
LeBron is gone but Miami is still playing small, pressuring the ball.
Sep 22, 2014, 9:05 AM EDT
Price will provide point guard depth – at least through training camp
Sep 22, 2014, 8:00 AM EDT
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Sep 22, 2014, 12:21 AM EDT
Remember Sanders suffered a serious eye injury last season.
Sep 21, 2014, 11:00 PM EDT
Way more Andre Iguodala than you might expect.
Sep 21, 2014, 9:30 PM EDT
Turner’s stock has dropped significantly since being traded from the Sixers to the Pacers in the middle of last season.
NBA’s rookie transition program tries to educate, but some of the information is presented in poor taste
Sep 21, 2014, 8:00 PM EDT
You can see what they’re trying to do, but some of the things presented went a bit too far.
Sep 21, 2014, 6:30 PM EDT
Our first real look at the new uniforms and new court design.
Sep 21, 2014, 5:00 PM EDT
I’m pretty sure Popovich doesn’t want him taking one of these in a game.
Sep 21, 2014, 3:30 PM EDT
He’s going to fight for minutes at a crowded wing spot in Charlotte.
Sep 21, 2014, 2:00 PM EDT
Nobody expects much from the Timberwolves or Wiggins this season, outside of a few highlight dunks.
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