Apr 3, 2013, 7:23 PM EST
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.
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.
So now we wait. And we could be waiting more than just a couple weeks for the answer.
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Kidd trash talked his former player in crunch time.
Nov 20, 2014, 9:15 PM EST
This one isn’t really worth punishing.
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Adam Silver’s support for legalized sports betting is making him unpopular in some circles.
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The virus has affected almost half of Memphis’ roster.
Nov 20, 2014, 6:45 PM EST
Love is averaging 16.7 points per game in his first year with the Cavs.
Nov 20, 2014, 6:00 PM EST
NBPA director Michele Roberts calls the suspension “excessive.”
Nov 20, 2014, 5:15 PM EST
Rose could be out longer.
Nov 20, 2014, 4:30 PM EST
17 is far too low.
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Rockets star has taken plenty of verbal abuse lately from opposing players
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Not pictured: Milwaukee celebrating win over Nets
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Craftiness from the Lakers star
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Cavaliers center gives Kawhi Leonard a hard time
Players union, after Jason Kidd’s negotiations, looking into agents representing coaches and players
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Current National Basketball Players Association rule forbids agents from representing players and coaches
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Both teams reportedly interested in Timberwolves small forward
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Philadelphia players make Wroten spokesman for responding to Suns guard
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Clippers coach: ‘He’s probably the best player in the league that nobody knows’
Alex Len, No. 5 pick in a draft full of players who looked like busts as rookies, showing he doesn’t deserve the label
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Suns center impressing in second season
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Lebron says it’s more difficult than even winning a championship
Nov 20, 2014, 9:00 AM EST
Corey Brewer throws pass just low enough to avoid a turnover, high enough to make Muhammad look good
Nov 20, 2014, 8:30 AM EST
And Seraphin gets called for the foul.
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