Apr 3, 2013, 7:23 PM EDT
The news you actually care about out of Wednesday’s combined meeting of the NBA owners’ sale and relocation committees will leak out over the next few days. That’s when we’ll see which side gained an advantage (if any) and where the owners are leaning on the question of where the Kings will play next season — Seattle or Sacramento.
In a Manhattan hotel Wednesday, both groups make their pitches to the owners.
“We heard a day full of extraordinary presentations of a complex real estate, arena, construction timelines, potential obstacles and team funding in two really great cities,” Stern said. “It was a long day without any breaks and both sides made, in my view, very, very strong presentations.”
Then he gave the only bit of real news to come directly out of the meeting — the owners may not be ready to vote come the Board of Governors’ meeting April 18-19.
“It’s not at all clear what our precise timeline is for a final determination here is because the most important thing is doing all the work that has to be done,” Stern said. “We’re doing it as fast as collectively can together. It may well slide past the board meeting, but I wouldn’t expect it, if it does, to slide by a lot. Because there’s a combined interest in having some clarity come to this situation.”
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 to take the team to Seattle. 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). They came out confident, according to reports.
Chris Hansen speaks: "I think my confidence is just from the fact that we've really been working hard on this for two and a half years."—
David Aldridge (@daldridgetnt) April 03, 2013
However, whatever happened inside the room Sacramento apparently won the press conferences — they were looser. Sacramento Mayor Kevin Johnson, has put together a strong counter offer led by 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 cited 1-team market, strength of fans, market being profitable with different revenue streams. Talked about city investment in arena—
David Aldridge (@daldridgetnt) April 03, 2013
So now we wait. And we could be waiting more than just a couple weeks for the answer.
Jul 27, 2014, 10:00 PM EDT
The 2015 Slam Dunk Contest champion might have already been decided.
Jul 27, 2014, 8:30 PM EDT
At least he has an injury.
Jul 27, 2014, 7:00 PM EDT
We’ve known this for a while now.
Jul 27, 2014, 5:30 PM EDT
Millsap gets the call as a late addition after Blake Griffin and Kevin Love dropped out in the last few days.
Jul 27, 2014, 4:00 PM EDT
KG is likely coming back for his 20th NBA season, but may be setting himself up for something more with the Nets one his playing days are finished.
Jul 27, 2014, 2:30 PM EDT
LeBron makes yet another momentous decision.
Jul 27, 2014, 1:00 PM EDT
L.A. will keep Nash on the roster for the upcoming season, and take the cap hit for the $9.7 million remaining on his contract all at once.
Jul 27, 2014, 11:30 AM EDT
Only other possibility would have been LeBron facing the Heat, but that feels more like Christmas.
Jul 27, 2014, 10:01 AM EDT
Team downplays ESPN report that a contract has been agreed upon.
Jul 27, 2014, 9:29 AM EDT
Would Harden have been offended if he and Parsons made similar money?
Jul 27, 2014, 8:00 AM EDT
Kobe looks like Kobe, even all those years ago.
Jul 27, 2014, 12:30 AM EDT
Wade can play a little football.
Jul 26, 2014, 11:37 PM EDT
The negotiations was over years and the fourth year is a team option.
Jul 26, 2014, 10:00 PM EDT
Beasley is an unrestricted free agent, and some team will almost certainly take a chance on him next season.
Jul 26, 2014, 8:30 PM EDT
Bledsoe is absolutely right.
Jul 26, 2014, 7:00 PM EDT
If Kevin Love will not opt-in to the last year of his deal, would you still give up Wiggins for him?
Jul 26, 2014, 5:30 PM EDT
Nobody scores on Joakim Noah, 7-year-old youth included.
Jul 26, 2014, 4:00 PM EDT
Being inserted into the starting lineup might have something to do with it.
Jul 26, 2014, 2:30 PM EDT
Kevin Durant is the perfect international power forward anyway.
Jul 26, 2014, 1:00 PM EDT
Looks like tons of fun.
- Report: ‘No chance’ Kevin Love stays with Timberwolves 28
- LeBron announces he’ll wear No. 23 with Cavaliers 51
- Report: Lakers say ‘no done deal’ with Byron Scott 16
- Report: Lakers, Byron Scott agree to four-year, $17 million deal to coach team 15
- Kevin Love trade talk: He doesn’t want to opt in to deal, Cavs may live with that 40
- Kevin Love leaving Team USA not helpful, certainly not devastating either 19
- Why are the Lakers hiring Byron Scott as head coach? 46
- Report: NBA considering week-long break for All-Star Game next year 10