Apr 3, 2013, 12:47 PM EDT
The decision on where the Kings tip off their games next season will partially be decided in a Manhattan hotel conference on Wednesday.
Groups representing both the Seattle group that has a deal to purchase the Kings with plans to move them north, and the Sacramento group looking to keep the Kings in town, are making pitches to as many as a dozen current NBA owners, the members of the combined sale and relocation committees of the Board of Governors.
The final decision on the Kings sale — if the Maloof family can sell to the Seattle group and if the team can move — will be voted on by the full Board of Governors (the NBA owners) when they meet April 18. However, the recommendations of this joint committee looking into the details will go a long way in influencing the owners on that vote.
The Seattle Group is led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer. They have an agreement to purchase 65 percent of the team, which is valued at $525 million, and have applied for relocation. The team would play in the Key Arena in Seattle for a few seasons while a new arena is constructed (it is in environmental review). David Stern has called this a very strong offer — a lot of money behind it, arena plans underway, a basketball-hungry market (44,000 people already pledged to buy season tickets) with great demographics, a bigger (and wealthier) media market, and a great NBA history.
But Sacramento, led by Mayor Kevin Johnson, has put together a strong counter offer. By bringing in billionaire Vivek Ranadive to go with 24-Hour Fitness owner to lead a group buying the team, and with Ron Burkle behind a deal to get a new arena done in downtown Sacramento, Johnson has put together a counter offer that they say matches the money and arena of Seattle. He also got the Sacramento City Council to agree to $258 million in investment in the arena plans (to be paid off through parking fees and other services).
Sacramento’s best card to play is simply this — other NBA owners of middle to small market teams will ask their cities for money and help getting a new arena built in the next decade, with the threat of losing the team as the leverage (something every pro sports league does). If Sacramento does everything right and still loses the team, what happens to that leverage?
Seattle’s group can say they have a sale agreement in place, that they are a strong ownership group and that the NBA brass has wanted to return to the Seattle market since the Sonics left to become the Thunder.
If you’re thinking expansion, David Stern has shot that down because a majority of owners are opposed. That idea is dead.
While we will get statements all around on Wednesday from both sides, what really matters is what leaks out of owners and that committee in the coming days and weeks leading up to the April 18 big votes. Look for this to be essentially decided before all the owners get in the same room together.
Mar 10, 2014, 8:44 AM EDT
Andrew Bynum wants to get out on the court for the Pacers, who signed him as a free agent after Cleveland cut bait. Bynum has been clear about his desire to play. You can try to decipher his motivation for yourself (*cough* next year’s contract *cough*) but as a guy with size, skill and a…
Mar 10, 2014, 8:00 AM EDT
BOSTON – There can be a fine line between unintentionally losing and taking. Tanking is encouraging, on some level, your own team to lose in order to gain better position for the draft. That can mean assembling a weak roster, increasing playing time for young and unready players, sitting good players longer due to injury…
Mar 10, 2014, 12:59 AM EDT
Our quick look around the NBA, or what you missed while thinking Minnesota State Representative Pat Garofalo must be a small minded racist (is there another kind)… Jodie Meeks, Los Angles Lakers. Meeks epitomized the Lakers on this day — not only was he hot he was aggressive, and that’s what led to his career…
Mar 10, 2014, 12:27 AM EDT
There’s no real reason the Lakers as currently constructed should beat a Thunder team that, coming into Sunday’s contest, was tied with the Pacers for the league’s best record. But this was just one of 82 for OKC on the way to a trip that will likely last deep into the postseason, and L.A., as…
Mar 9, 2014, 11:48 PM EDT
That is what James Harden brings to the table — elite level scoring. He can flat out knock it down. That three gave Harden 17 points in the fourth quarter as the Rockets came from 13 back to force overtime on the shot above, then in OT Harden and Jeremy Lin (9 points in the…
Mar 9, 2014, 11:00 PM EDT
BOSTON – Do the Detroit Pistons hold each other accountable? “No,” Brandon Jennings said directly. The Pistons’ faint playoff hopes are disintegrating. With a 118-111 loss to the Boston Celtics on Sunday, Detroit has lost three straight, seven of eight and 10 of 12. The Atlanta Hawks lead the Pistons by three games with 19…
Mar 9, 2014, 9:30 PM EDT
Nerlens Noel has yet to play an NBA game this season, after being selected sixth overall in last summer’s draft by the Pelicans and then being traded to the Sixers in exchange for Jrue Holiday. Philadelphia is the team most associated with tanking this season (i.e., willingly losing games due to lack of personnel), and…
Mar 9, 2014, 8:00 PM EDT
BOSTON – Nine years ago, Rajon Rondo and Josh Smith were roommates at Oak Hill Academy. They watched film together. They walked to the gym together for extra workouts together. They played games together. Could they team up again in the NBA? “The conversation comes up,” Smith said. “We always tell each other how surreal…
Mar 9, 2014, 6:30 PM EDT
Jamal Crawford missed three straight games for the Clippers due to a calf injury, before trying to give it a go on Saturday against the Hawks. But Crawford didn’t last long before realizing he wasn’t yet ready to return, and now believes he came back too soon. From Arash Markazi of ESPN Los Angeles: Clippers guard Jamal…
Mar 9, 2014, 4:53 PM EDT
One day doesn’t change that the Miami Heat and Indiana Pacers are destined to meet in the Eastern Conference Finals. What Sunday showed is why on the path to that show do neither of those teams wants to see the Chicago Bulls. Sunday at home against the Miami Chicago was relentless, physical, they defended well,…
Mar 9, 2014, 3:30 PM EDT
Coming into Sunday’s contest, the Bulls had beaten the Heat six of the last seven times the teams met during the regular season in Chicago, and this video clip of action from the first half gives us a glimpse of the reason why. Chicago plays harder than any team in the league on a game-by-game…
Mar 9, 2014, 2:00 PM EDT
The Knicks have won three straight and the playoffs, especially in the dreadful Eastern Conference, remain within reach. But gaining entry to the postseason and getting crushed by the Heat or the Pacers in the first round wouldn’t begin to take the sting away from what’s been an underachieving season. What a playoff berth might…
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…
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