Mar 8, 2013, 11:58 PM EDT
Of late there has been growing momentum for Sacramento in its fight to keep the Kings. Mayor Kevin Johnson has helped bring together a bid led by 24 Hour Fitness founder Mark Mastrov (who was second in the bidding for the Warriors a couple years ago) and supermarket magnate Ron Burkle. The plan calls for the construction of a new arena in downtown Sacramento.
But it’s still a negotiation. And NBA commissioner David Stern is good at the negotiations part.
Friday night Stern spoke and there was good news for Sacramento fans: Stern said that a comparable offer from Sacramento might well sway the owners to vote to keep the team in Sacramento.
The bad news is Stern said the offer currently on the table from Sacramento is not good enough.
“I think it’s fair to say without telling any secrets that the offers are not comparable,” Stern said Friday night. (Thanks to our man Aaron Bruski, who has written on this story a lot at PBT and sent me the audio file of Stern’s remarks.)
Stern was in Oakland to watch the Warriors get in a track meet with the Rockets. He spoke to the media before the game and a contingent of Sacramento media made the drive to the coast to pepper him with questions. Stern used the opportunity to put a little pressure on Sacramento.
Stern went on to say that if the Sacramento offer doesn’t improve it will not go before the owners.
“I have an expectation, a hope, that the variance will be eliminated by the time the owners give it consideration…” Stern said.
“(The Sacramento offer has) strong people behind it but not quite there compared to Seattle bid.”
It’s a negotiation folks and David Stern is going to get the most money he can for his franchise, wherever it comes from. Don’t take these comments as a sign that Seattle is far ahead of Sacramento, take this as a sign David Stern wants to jack up the sale price.
It will probably work. Look what Mastrov told the AP.
The offer from Sacramento was never going to be as high as from Seattle because it would not have to repay the $77 million loan (with penalties) from the city the Maloofs were given. But the number the league was given did not win over Stern. Yet.
The Maloof family that owns the team has a deal in place to sell the franchise to a well-funded Seattle group led by hedge fund guy Chris Hansen and Microsoft CEO Steve Ballmer.
In the end it is not David Stern or the Maloofs that make the final call — the NBA Board of Governors (made up of the other 29 owners) will vote on this. Stern all but outright said if the BOG votes for the Sacramento offer that he expects the Maloof family will fall in line and sell.
That vote will come April 18-19 in New York City. Up until then it is an ongoing negotiation.
Jul 4, 2015, 11:00 AM EDT
Cuban believes Jordan can average 20 points, 20 rebounds per game.
Jul 4, 2015, 9:30 AM EDT
Fits with West’s desire to play for a contender, but he’d have to take very little money to sign there.
Jul 4, 2015, 8:00 AM EDT
The Clippers went small the final five minutes of Game 7 against the Spurs, and it worked.
Jul 4, 2015, 12:33 AM EDT
At this price, it’s a fair pickup for New Yor, giving hem another role player.
Jul 3, 2015, 11:03 PM EDT
Hopefully Scott Skiles will play Harris this time.
Jul 3, 2015, 10:30 PM EDT
Curry is just that good.
Jul 3, 2015, 9:00 PM EDT
A big reason Jordan left L.A. to sign with the Mavericks.
Jul 3, 2015, 7:37 PM EDT
Beverley’s defense provides a perfect complement to James Harden.
Jul 3, 2015, 7:34 PM EDT
Rondo is not exactly going to space the floor for Cousins.
Jul 3, 2015, 7:10 PM EDT
They would make solid backups at a fair price.
Jul 3, 2015, 6:27 PM EDT
He is a good fit in the Rockets’ up-tempo system.
Jul 3, 2015, 5:15 PM EDT
She’s a San Antonio assistant coach
Jul 3, 2015, 4:31 PM EDT
Key for the Wizards is this is a one-year deal, so they save their cap space for a Kevin Durant offer next summer.
Jul 3, 2015, 4:00 PM EDT
This is a huge blow to the Clippers roster.
Jul 3, 2015, 3:40 PM EDT
This was expected, now the Knicks move forward with Robin Lopez.
Jul 3, 2015, 2:52 PM EDT
Solid deal in a vacuum, but in Sacramento…
Report: Knicks to sign Robin Lopez to four-year, $54 million contract (unless DeAndre Jordan changes his mind)
Jul 3, 2015, 1:58 PM EDT
More evidence Jordan won’t pick Knicks
Jul 3, 2015, 1:35 PM EDT
Washington could land David West
Jul 3, 2015, 12:07 PM EDT
Third year is reportedly a team option
Jul 3, 2015, 11:08 AM EDT
I doubt Sacramento is celebrating quite yet
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- Report: Rajon Rondo agrees to one-year, $9.5 million deal with Sacramento Kings 47
- Report: DeAndre Jordan agrees to four-year, $80 million deal to join Dallas Mavericks 55
- Report: Kings signing Marco Belinelli to three-year, $19 million contract 19
- Report: Knicks to sign Robin Lopez to four-year, $54 million contract (unless DeAndre Jordan changes his mind) 12
- PBT Extra: Free agent signings we didn’t love 6
- Report: Wes Matthews reaches agreement to join Dallas Mavericks 23