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.
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.
Jul 7, 2015, 7:42 PM EDT
Villanueva will back up Dirk Nowitzki as floor-spreading power forward
Jul 7, 2015, 6:46 PM EDT
Clippers having a nice offseason – minus that one move that defines their offseason
Jul 7, 2015, 6:08 PM EDT
The one-year deal keeps their cap space alive next summer to chase Kevin Durant.
Jul 7, 2015, 5:45 PM EDT
Dallas had a good July, too.
Jul 7, 2015, 5:15 PM EDT
The Knicks and Magic essentially swap reserve centers.
Jul 7, 2015, 4:35 PM EDT
“Listen, we had one priority this summer, and that was to re-sign DJ, and we missed out on that.” — J.J. Redick on the Clippers summer.
Jul 7, 2015, 4:10 PM EDT
The Bulls are getting the band back together.
Jul 7, 2015, 3:25 PM EDT
The Lakers were not free agency losers like some think.
Jul 7, 2015, 3:06 PM EDT
Look for the Warriors to waive Wallace using the stretch provision.
Jul 7, 2015, 2:44 PM EDT
Julius Randle, L.A.’s first round pick last year, missed the Summer League opener due to a contract issue.
Jul 7, 2015, 1:57 PM EDT
Exum looked great, the injury did not.
Jul 7, 2015, 1:05 PM EDT
The reigning Sixth Man of the Year signed a free agent deal with the Lakers.
Dwyane Wade cites his scoring average when asked how long he’ll continue to play: ‘I think I’ll stay around a while’
Jul 7, 2015, 12:15 PM EDT
Wade was the third leading scorer in the East last season, but missed 20 games due to a combination rest and injury.
Jul 7, 2015, 11:31 AM EDT
Teams aren’t allowed to discuss deals during the moratorium period, which is still going on.
Jul 7, 2015, 10:52 AM EDT
KG will be back for a record 21st NBA season.
Jul 7, 2015, 10:40 AM EDT
Cleveland just added Mo Williams, but Smith (and Matthew Dellavedova) will likely be back.
Jul 7, 2015, 9:55 AM EDT
The 12th overall pick hasn’t practiced with the Jazz, and remains unsigned. But the GM says “No worries.”
Jul 7, 2015, 9:15 AM EDT
Okafor had some impressive moments.
Jul 7, 2015, 8:30 AM EDT
This is the kind of thing that all that new television revenue should go to.
Jul 7, 2015, 8:00 AM EDT
All I have ever argued about LeBron’s legacy is that you can’t compare it right now to Magic or Jordan or Bird or whoever because he’s still playing at the peak of his game.
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