Mar 21, 2013, 8:10 PM EDT
A few weeks back, David Stern was clear in saying that the Sacramento group had to sweeten its offer to buy the Kings if they wanted to stay in contention with the Seattle bid. It’s a negotiation, that statement didn’t catch the leaders in Sacramento off guard.
The question was what were they going to do about it?
How about bring in another billionaire to take the lead of the group? That is what has happened, reports the very connected Sam Amick at the USA Today.
Vivek Ranadive, founder of the $4 billion software company, Tibco, and a minority owner of the Golden State Warriors, has agreed to take a lead role in the group that was previously led by 24-Hour Fitness founder, Mark Mastrov, according to a person with knowledge of the move. The person spoke to USA TODAY Sports on the condition of anonymity because the agreement had not yet been announced.
Mastrov and supermarket mogul/part owner of the Pittsburgh Penguins Ron Burkle are still major players in both the bid for the team and the downtown arena effort that was expected to be revealed by way of a term sheet on Thursday, but Ranadive agreed to take part recently after pushing for a more significant say in personnel matters.
This certainly adds deeper pockets to the Sacramento bid. What it will mean to the other NBA owners remains to be seen, but likely it only helps the Sacramento side. Ranadive is not an NBA outsider but a minority owner of the Warriors (he would have to sell that share if the sale is approved).
The Maloof family has agreed to sell the Kings to a Seattle-based group that plans to move the Kings up to the city that lost the Sonics. That group is led by venture capitalist Chris Hansen and Microsoft CEO Steve Ballmer, and they valued the franchise at $525 million and have an agreement to buy 65 percent of it. They also have plans for a new arena moving forward, currently in the environmental review phase.
Both the sale and relocation would need to be approved by the other owners and NBA Commissioner David Stern has put the two votes on a parallel track. It requires a three-quarters vote of the other 29 owners to approve the sale — meaning Sacramento Mayor Kevin Johnson and his group need to sway eight other owners to their side to block the sale. If that sale is blocked, the Maloof family would in turn sell to the Sacramento group and the team would stay put.
If the sale is approved it only requires a majority vote of the owners to approve the relocation. Meaning if the owners approve the sale to the Seattle group they will approve the relocation.
There is a whole lot more complexity to this sale — a city loan to the Kings to the Maloofs, a current Kings minority owner trying to make another bid, thoughts about precedent the sale could have on future owners’ sales, all the way to discussions of television market size and per capita income — that we have discussed in detail multiple times at PBT. Right now NBA ownership committees are doing their research on the sale and relocation, and how all that impacts the league. Those committees will meet April 3 — where Johnson and the Sacramento group will make a pitch to the committees for sure.
In the end, the owners will vote at meetings in New York April 18-19, but right now is when the lobbying behind-the-scenes is taking place. And the Sacramento bid likely just got better.
Mar 9, 2014, 12:30 PM EDT
LeBron James attended the jersey retirement ceremony of Zydrunas Ilgauskas on Saturday, a move that would have been viewed as unusual by NBA standards even before considering the history that exists between the star player and the team where he began his NBA career. James played his first seven seasons in Cleveland, before infamously spurning…
Mar 9, 2014, 11:00 AM EDT
This is a far cry from Chris Paul to DeAndre Jordan, but it’s as close as the Knicks are likely to get. J.R. Smith leads the break late in the second quarter, and tosses it off the backboard for a trailing Amar’e Stoudemire. In the old days, Amar’e would have hammered this one home with…
Mar 9, 2014, 9:30 AM EDT
The Magic didn’t beat the Spurs in San Antonio, of course, but this was a nice play by Arron Afflalo to end the first half nonetheless. Tim Duncan has a propensity to turn the ball over in situations like this — end of clock, trying to force a pass — and this time it cost…
Mar 9, 2014, 8:00 AM EDT
This wasn’t exactly a dunk on the Bucks’ Giannis Antetokounmpo, but he was certainly in the vicinity. Martell Webster got loose on the break, and was quick enough to the rim to avoid the long rookie, but threw the dunk down with such force that he landed somewhat awkwardly on his backside.
Mar 9, 2014, 3:42 AM EDT
This is what the Clippers do, they put on a show. Midway through the first quarter Saturday night Chris Paul made the steal and it was a two-on-none fast break, so Paul went off the backboard to DeAndre Jordan for the slam. Not the best off the backboard I’ve ever seen, but not bad. The…
Mar 8, 2014, 11:00 PM EDT
The Cavaliers raised the jersey of Zydrunas Ilgauskas to the rafters on Saturday, following a ceremony at halftime of Cleveland’s matchup with the Knicks. Ilgauskas delivered a speech and thanked the fans as is customary at these events, and LeBron James was in attendance to honor his former teammate, who had requested his presence. The…
Mar 8, 2014, 9:30 PM EDT
Glen Davis has only been a member of the Clippers for four games, but he’s already sensing something special about his new team. Davis was bought out by the Magic and signed with Los Angeles less than two weeks ago, but played for Doc Rivers in Boston during his first four NBA seasons. He was…
Mar 8, 2014, 8:00 PM EDT
Carl Landry appeared in a career-high 81 games for the Warriors last season, and was a key reserve who averaged 10.8 points and six rebounds on a team that made it to the second round of the playoffs. The Kings haven’t sniffed the postseason in eight years, but signed Landry to a four-year deal worth…
Mar 8, 2014, 6:20 PM EDT
Phil Jackson was first offered a head coaching position with the Knicks this week, even though Mike Woodson is still (for reasons unknown) firmly in place. Jackson declined that one, so New York upped the ante with a front office job offer, one that Jackson would reportedly be deciding on in the coming week. No…
Mar 8, 2014, 6:00 PM EDT
BOSTON – On Paul Pierce’s first defensive possession as the Brooklyn Nets’ full-time starting power forward, Serge Ibaka backed him down on the block. Pierce bodied Ibaka, keeping him out of the paint, and Ibaka threw the ball away. On the Oklahoma City Thunder’s next possession, Ibaka posted up Pierce again. Pierce hardly yielded an…
Mar 8, 2014, 4:30 PM EDT
UPDATE 6:20 p.m.: Batum’s nose is not broken after all, according to an updated CSNNW.com report. It’s being called a nasal contusion, and it hasn’t yet been determined if it will require a protective mask. 4:30 p.m.: Well, we know he can’t wear a black mask to protect his face going forward. Portland’s starting swingman…
Mar 8, 2014, 3:01 PM EDT
O.J. Mayo has been suspended one game without pay for “forcibly striking” Greg Stiemsma in the throat during Friday night’s loss to the Pelicans, the league announced on Saturday via official release. This comes as no surprise, as Mayo’s teammate Ersan Ilyasova received a similar suspension for even less of an offense that occurred in…
Mar 8, 2014, 2:00 PM EDT
Paul Pierce is finishing out his Hall of Fame career with the Nets at the moment, after playing 15 seasons with the Celtics and rising to the top of many of the franchise’s all-time statistical leaders lists. Pierce returned to Boston for the second time this season wearing a different jersey on Friday, but he’ll…
Mar 8, 2014, 12:30 PM EDT
Because the Lakers haven’t been embarrassed enough lately… That is Jodie Meeks just getting dropped by Ty Lawson‘s crossover during the Nuggets 134-126 win over the Lakers Friday night in a real defensive struggle. Lawson threw a series of moves at Meeks and got him off balance before dropping the hammer (then making the dish…
Mar 8, 2014, 11:00 AM EDT
Late in the third quarter Friday with the Rockets leading the Pacers by 23 points, James Harden and Evan Turner got into it a bit, and the players had to be separated after getting face-to-face and a little shoving ensued. This appeared to be Harden intentionally agitating things, as this play had been whistled dead…
Mar 8, 2014, 9:30 AM EDT
Even after three straight losses, the Indiana Pacers remain the team with the league’s best record, though they’re now tied with Oklahoma City for that honor while sitting at 46-16 in the standings. But the last two losses have been troubling. On Wednesday, Indiana lost by 22 points to a Bobcats team that is five…
Mar 8, 2014, 8:00 AM EDT
Earlier this week I gave you a few highlights of my conversation with author Jeff Pearlman, who has a fantastic new book out on the Showtime era Lakers. Now, I bring you our entire conversation. In this latest edition of the PBT podcast myself and Eytan Shander of NBC Sports Radio discuss Phil Jackson and his…
Mar 8, 2014, 2:54 AM EDT
The Lakers have lost a lot of games this season (42 to be exact), but the historic 48-point blowout loss to the Clippers Thursday night on national television hit the fan base hard. Many of these fans rooting for them to lose and get a better draft pick were embarrassed at the lack of defensive…
Josh McRoberts with an incredible behind-the-back pass to set up Chris Douglas-Roberts for three (VIDEO)
Mar 8, 2014, 12:02 AM EDT
This pass was incredible in two distinct ways. First, the ability shown by Josh McRoberts to recognize that his teammate was wide open behind the three-point line from his position in the paint was fantastic. But the pass? It wasn’t just daring to attempt, but the physical level of skill required to get it there…
Sixers coach Brett Brown on whether we’ll see Nerlens Noel play this year: “It really is, ‘Who Knows?’”
Mar 7, 2014, 10:34 PM EDT
Nerlens Noel was selected with the sixth overall pick in last summer’s draft, and the Sixers traded Jrue Holiday for him in order to jumpstart their rebuilding process. But we have yet to see Noel take the floor for Philadelphia this season, in much the same way that Andrew Bynum missed his entire year with…
- Report: Cavaliers privately believe it’s not too late to lure LeBron back to Cleveland 0
- Report: Phil Jackson ‘leaning toward’ accepting offer to become Knicks president 34
- Paul Pierce’s move to power forward adds twist to his career, Brooklyn Nets’ season 4
- O.J. Mayo suspended one game for punching Pelicans’ Greg Stiemsma in the throat (VIDEO) 6
- Pacers players hold locker room meeting after getting crushed by Rockets 27