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Owners to postpone vote on Kings fate, nothing this week

Apr 16, 2013, 6:24 PM EST

Clippers Kings Basketball AP

And the anguish of waiting for Sacramento and Seattle fans will go on. And on.

The NBA Board of Governors (the owners) will meet this Thursday and Friday in New York and while they will discuss in some detail the proposed sale of the Kings to a Seattle group with plans to move the team north, there will be no vote.

So tweets Bob Condotta of the Seattle Times, who spoke with the NBA:

An NBA spokesman confirmed to PBT there will be not be a vote this week but the owners will debate the issue.

The reason for no vote is in part because the offers keep changing for the team.

The Seattle group — led by venture capitalist Chris Hansen and Microsoft CEO Steve Ballmer — upped its offer last week by $25 million (for the full value of the franchise, they would have to kick in an extra $16 million for their 65 percent). That would take the franchise value to $550 million.

The Sacramento group — put together by mayor Kevin Johnson with billionaire and minority Warriors owner Vivek Ranadive out in front — is expected to modify its offer for the team officially on Wednesday. They had matched the previous Seattle offer and after first saying they wouldn’t match this one they are making some tweaks.

All of this is a lot for the owners to digest — these are two strong offers, both with plans for new arenas. It felt like a week ago Sacramento had enough momentum to keep the team, but the increased offers left basically everyone unsure of how the ultimate vote will go.

The owners are apparently unsure as well and are going to take a little more time getting around to looking at the numbers and voting.

So Wednesday night may be the final Kings game ever in Sacramento. Or it may not.

  1. Rich Peters - Apr 16, 2013 at 6:31 PM

    Reblogged this on Rich Peters @Tricky_Roma.

  2. asimonetti88 - Apr 16, 2013 at 6:34 PM

    I still don’t understand how morons like the Maloofs and Frank McCourt can run a professional sports franchise into the ground and still be able to come out of the ordeal with a huge profit. These guys are basically being financially rewarded for ruining a sports team and potentially driving it out of town. What a joke the Maloofs are. How do you go bankrupt owning a basketball team and a Vegas casino resort?

  3. rickyspanish - Apr 16, 2013 at 8:07 PM

    asimonetti88

    It’s not that hard to figure out. Some things appreciate in value.

    • asimonetti88 - Apr 16, 2013 at 9:33 PM

      It wasn’t so much of a question of “how do economics work” as “why are good things like this happening to such jerkoffs”.

      • rickyspanish - Apr 16, 2013 at 10:29 PM

        In that case, I completely agree. The Maloofs are terrible.

  4. seahonky - Apr 16, 2013 at 8:15 PM

    I think an expansion team is coming now

    • rickyspanish - Apr 16, 2013 at 8:20 PM

      I hope you’re right.

  5. trippymane - Apr 16, 2013 at 9:53 PM

    Omg as a sonic fan I’m obviously following the saga closely but you are dead wrong on basically all of this article. #1 there is going to be no vote this week because after the BOG makes a suggestion on what they should vote, they have to wait 7 days to actually vote and can’t take longer than 30 days. #2 Sacramento is not tweaking it’s deal or raising it’s offer because they never even put in a BID! Seattle is the only one to put in a bid and then change the bid by raising it. Sacramento is putting in its first bid tomorrow! SMH horrible article. Next time do some research. With that said i hope both cities end up happy with the results, and if not i hope seattle ends up the winners.

  6. manchestermiracle - Apr 16, 2013 at 10:08 PM

    People involved in a bidding war over the Kings. Who’d a thunk it….

  7. MyTeamsAllStink - Apr 16, 2013 at 10:16 PM

    Fine let Sacramento keep the Kings and add two expansion teams.One for Seattle and one for an eastern team lets say Louisville or Kansas City for arguments sake.ok 32 teams divide the league into 4 divisions each for the East and West like the NFL does.Are we in agreement?Probably not

    • ckbuchanan - Apr 17, 2013 at 1:12 PM

      You are kidding yourself if you think the NBA needs to expand. If anything they need to contract teams.

  8. allidoiswin55 - Apr 17, 2013 at 3:18 AM

    When has the Sacramento group ever put in a formal offer? They have done nothing but talk, and talk and make promises but nothing more.

    They change investors constantly and cleverly put together a plan to build an arena with public funds WITH OUT A PUBLIC vote. Damn near illegal! Their cities broke and their saving a franchise by trading away other government paid for programs. I am leaning towards potential expansion now with the delays and split views amongst owners and Stern.

  9. seattlenative57 - Apr 17, 2013 at 8:55 AM

    Well now, the tone of your rhetoric is certainly muted. Not so sure the Kings stay in Sacramento? The NBA risks losing $500 million by denying either group. And really, has Sacramento finalized anything? My bet: NBA punts and allows the Kings to move. Awards Sacramento an expansion team pending approval of a new arena by Sacramento pols. Second scenario: NBA keeps the Kings in SacTown and awards Seattle an expansion team.

    The truth is it makes no business sense whatsoever to decline either groups efforts. The NBA would be insane to let either group walk. Both groups represent millions in revenue to the league. Although Seattle represents new income and probably pays the luxury tax per CBA versus Sacramento which survives by taking shared revenue. Seattle appears well-positioned for its return to the NBA. If you can’t see that, well, you’re either a hater or hometown journalist.

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