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Committee meeting Monday may determine Seattle or Sacramento

Apr 25, 2013, 1:46 PM EDT

Seattle skyline

While both the Seattle and Sacramento teams have been trying to spin events since the NBA owners met in New York last week, but they both agree on one thing:

The recommendation of the NBA’s sale and relocation committee will almost certainly hold sway over the course of the Kings’ franchise.

That committee will meet next Monday via conference call, according to multiple reports. At that time the committee will issue it’s recommendation and send that to the other owners.

Seven days after that the owners can vote on the matter (NBA bylaws call for the delay). That vote can be done by conference call or email, the owners do not have to reconvene.

The Maloofs have a deal in place to sell the Kings to a Seattle group is led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer. They would purchase 65 percent of the team, which is valued at $550 million (an increased offer), 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).

Sacramento Mayor Kevin Johnson led a charge to 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. Their plans also call for a new arena.

All things being equal, several owners have called this a toss-up but seem hesitant to move a team out of a market that has put in the effort Sacramento has to retain the team. The question is are all things equal with the bid? Those owners also realize that Seattle is a larger, wealthier market and that would be handy in future television negotiations.

It requires two-thirds of the owners to approve the sale, meaning just eight owners can block it.

One way or another, a good ownership group is going to lose out. David Stern has shot down any talk of expansion saying the majority of owners do not wish to further divide up the revenue pie.

  1. allidoiswin55 - Apr 25, 2013 at 2:39 PM

    All things are NOT equal but due to a gag order and respect for Sacramento, the Seattle group has not been in the media running their mouths.

    -Seattles arena proposal is almost over, final stages and all the land is owned in the downtown area by the new proposed ownership group. Design, land, and environmental review is almost all but complete 100%.

    -The funding for that arena is already agreed upon by the city and owners and has the ownership group paying majority of the costs.

    -the seattle group expects to have an arena built by the 2015 season, and will do a 50 million remodel to the current out of date arena in time for the next season. 50 million dollar investment to ease the move.

    -seattle is a much larger market, with an expected city growth of nearly 60%over the next 30 years. Ranks much higher in national tv audience ratings, and has a much larger viewing audience.

    -The Kings franchise will automatically become the most expensive team sold and therefore raises every other teams sale values( if the nba agrees to accept the sale if not then it doesn’t increase other teams values.)

    -the seattle group will pay for 18mos.of severance to the Sacramento employees of the kings.

    -seattle has over 8 fortune 1000 companies, many of which show support and or are involved. Sac has 0,all investors in the ownership group are local, and Sacramento had no local investors.

    -seattle group will pay every team a relocation fee, and will be paying the nba pool money for positive revenue, compared to Sacramento COLLECTING money from the other owners for revenues shares.

    -Seattles economy is much more stronger compared to Sacramento who can’t afford much to their government funding for things like police officers, teachers, school programs. Seattle hs less city debt and is one of the best cities for working and income and business in th country. Sac is nearly bankrupt.

    -Sacramento plans to use FUTURE money from parking sales and or tickets to build arena and is in court now because they did this only by the technicality of not needing to vote on it, and the citizens want to have a vote. Meaning no recover of economy in Sac atleast until the arena is paid off and therefore continuing there economic woes.

    -seattle has put in a bid, paid Ernest money, and makes every other owner more money by raising the sale price. Sacramento hasn’t even offered a close amount, and no formal bids on anything, don’t own the land, the arena deal is not done, the environmental review isn’t close to being complete.

    They don’t have the same funding in place and or ownership star power, even with the Saudi investor compared to Seattle

    The sale should be over, not cool to take another cities team but really this was all done properly and the seattle group has everything, EVERYTHING ready to go.

    Sacramento conversely had nothing actually ready, they are ” close to, or nearly there ” but haven’t actually gotten anything property done. They keep switching ownership groups and can’t compete with Seattles potential for the nba.

    The nba is a business first, and the only snag in this entire ordeal is Stern and his hatred of Seattle because of how they treated him when he looked the other way to allow his personal friend to do shady things to the city if seattle. Bennet shady propaganda on the last relocation and how stern allowed it to be swept under the rug is why seattle put a blemish on his name and rep and he hates seattle for it.

    Should be an obvious move, to much potential and nba power in the seattle group, compared to a local mayor running some weird personal type campaign.

  2. eugenesaxe - Apr 25, 2013 at 2:46 PM

    The question is are all things equal with the bid?

    No they’re not, and Stern knows it but won’t come out and say it. SEA has already offered to up their offer by I believe 25mil, plus has already paid a non-refundable fee which SAC flat-out refuses to do. SEAs stadium deal is much farther along. Finally, SEA has Ballmer and his billions, which overshadows the entire SAC ownership group combined.

  3. cacsemo - Apr 25, 2013 at 3:18 PM

    lets do a vote….thumbs up if you want sacramento…thumbs down if you want seattole

  4. erckle31 - Apr 25, 2013 at 4:18 PM

    The 12th Man shall prevail. Book it.

  5. jcmeyer10 - Apr 25, 2013 at 5:03 PM

    The committee is just trying to figure out how to let Sacramento down as easy as possible.

  6. mazblast - Apr 25, 2013 at 5:43 PM

    In other words, The Troll has made up his mind and is ready to proceed with the sham committees and such.

  7. jprcox - Apr 25, 2013 at 6:48 PM

    I am from Seattle and would love the Sonics back. In all fairness how can they take a team away when they seem prepared to step up and do what is required. The fact Seattle lost their team in the first place is really the crime here.

    The NBA sure isn’t winning many popular votes – and the real loser no matter what is the NBA and rightfully so. They can’t jerk people around like this.

  8. seattlenative57 - Apr 26, 2013 at 2:17 AM

    Almost all the teams and owners expect Seattle to win the relocation vote with the sale a done deal. Seattle rejoins the NBA with BOG vote on about May 13.

  9. jrazz22 - Apr 26, 2013 at 10:51 AM

    Funny how all of you Seattle fans are quick to support a team getting ripped away from a city who’s been getting screwed by inept owners. Complete hypocrites, but I wouldnt expect anything less from you.

    Sacramento for years has done its part over and over again to support and keep the Kings in town. Read the article below if you want some insight to how bad the Maloofs have screwed over sacramento and the Kings fans.

  10. seahonky - Apr 26, 2013 at 11:26 AM

    Seattle will get the kings. Sac will will get an expansion team in a few years once their new arena is built. Too much money involved with the 2 cities to not allow this to happen

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