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.
Oct 1, 2014, 12:06 AM EDT
New floor should be in place for the start of the 2014-15 season.
Sep 30, 2014, 10:51 PM EDT
Professional sports franchises are businesses above all else, and typically would rather avoid politics.
Sep 30, 2014, 9:44 PM EDT
Sep 30, 2014, 8:15 PM EDT
Everyone wants to derail the 76ers’ plan
Sep 30, 2014, 7:20 PM EDT
I don’t know whether this helps Kentucky’s players. It opens Calipari’s options, though.
Sep 30, 2014, 6:28 PM EDT
Now we know what show promos TNT is going to beat us over the head with during the next playoffs.
Sep 30, 2014, 5:44 PM EDT
Expectations are reduced, but Miami still has the chance to be pretty a pretty good team — even without LeBron James.
Sep 30, 2014, 4:59 PM EDT
Sep 30, 2014, 4:20 PM EDT
John Wall fires back: ‘They haven’t seen a playoff game yet. When they make one they can start talking.’
Sep 30, 2014, 3:40 PM EDT
Thunder center has a new, um intense, loook
Sep 30, 2014, 2:59 PM EDT
Mike Miller being amnestied may have been the first domino to fall in LeBron bolting.
Sep 30, 2014, 2:20 PM EDT
Sep 30, 2014, 1:40 PM EDT
Is Melo even a superstar?
Sep 30, 2014, 12:59 PM EDT
LeBron could miss Cavaliers’ practice tonight
Sep 30, 2014, 12:57 PM EDT
The NBA is just more fun with Swaggy P in it.
Sep 30, 2014, 12:26 PM EDT
It does — at least Kobe’s
Sep 30, 2014, 11:40 AM EDT
Manning leads by detailed preparation and then an ability to read a defense, a good example for any point guard.
Sep 30, 2014, 11:00 AM EDT
GM Ainge hints he’d offer the max to Rondo next summer.
Sep 30, 2014, 9:30 AM EDT
We could see a lot more of this during the season.
- ProBasketballTalk 2014-15 Preview: Miami Heat 5
- Mike Miller points to him being amnestied as start of LeBron James leaving Miami 11
- Kobe Bryant thinks he could physically play beyond contract extension 14
- Trey Burke, in wake of nude-photo scandal: ‘My judgments will be much better’ 12
- Report: Kevin Durant says he wants to play in 2016 Olympics (his free agent summer) 5
- Morris twins sign four-year extensions with Suns 11
- ProBasketballTalk 2014-15 Preview: Washington Wizards 3
- Rockets’ Daryl Morey fires back at Mark Cuban: If you care about chemistry, why break up a title team? 36