Apr 25, 2013, 1:46 PM EST
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.
Dec 10, 2013, 12:02 AM EST
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Dec 9, 2013, 10:05 PM EST
Al Harrington, who at 33 has been battling knee issues since last season when he has an infection in there, issues that have kept him out since Nov. 12, is now going to be out a while longer. Harrington had knee surgery again on Monday and will be out at least a month, the Wizards…
Dec 9, 2013, 8:24 PM EST
Tyreke Evans drove to attack Kevin Durant off the dribble Friday night — Evans had been very aggressive all game, largely carrying the reserves in the first half — he went up for the shot and when he can down he sprained his ankle. That sprain is going to keep him out a week, maybe…
Dec 9, 2013, 7:20 PM EST
Kobe Bryant is back with the Lakers and frankly that’s just good for the NBA — it’s a star driven league and it needs its elite players on the court. That said Kobe looked rusty and his teammates clearly were not used to playing with him in the Lakers loss to the Raptors Sunday. Kay…
Dec 9, 2013, 6:39 PM EST
The Milwaukee Bucks were already without Larry Sanders, who needed surgery to repair torn ligaments in his hand after a bar fight, and now this. Zaza Pachulia will be out at least four weeks with a broken bone in his foot, coach Larry Drew announced Monday. It is the calcaneus bone, what most of us…
Dec 9, 2013, 6:01 PM EST
As we told you earlier was likely to happen, Stephen Jackson has agreed to terms with the Los Angeles Clippers. For one, Doc Rivers confirmed it to Brad Turner of the Los Angeles Times. Second, Jackson himself posted this on Instagram. The Clippers need some depth on the wing because J.J. Redick is out with…
Dec 9, 2013, 5:03 PM EST
“I think the last time I had eight months off I was still in the womb.” —Kobe Bryant, Los Angeles Lakers, talking about the eight months he was forced out of action due to his ruptured Achilese. Bryant, as his his nature, had to work hard to get back on the court 240 days after…
Dec 9, 2013, 4:53 PM EST
The general rule of thumb is 20 games into the season you can start to really trust the stats and the trends — in which case it’s good to be a Portland Trail Blazers fan. They move into the top slot with their recent wins over Indiana and OKC. 1. Trail Blazers (17-4, Last Week…
Dec 9, 2013, 4:08 PM EST
Knicks fans could use a little good news, so we’re here to help out. Tyson Chandler’s return from a broken leg should be here in the next few weeks. Chandler returned to practice on Monday, in a limited role, then told reporters he thought he would be back before New Year’s Day, as tweeted by…
Dec 9, 2013, 3:15 PM EST
Minnesota’s Corey Brewer, you’re the next contestant on “pay some money to NBA Charities for flopping!” The league announced Monday that Brewer has been fined $5,000 for his second flopping offense of the season. His first came against the Knicks earlier in the year, this new one was against the Heat on Saturday, when he…
Dec 9, 2013, 2:39 PM EST
Memphis extended the contract of Quincy Pondexter this summer thinking they had secured a solid outside shooter they desperately needed at a fair price. Now they may have lost him for the season. An MRI Monday revealed a tarsal navicular stress fracture in his right foot, the team announced. That’s a small bone near the…
Dec 9, 2013, 1:59 PM EST
Dwight Howard turned 28 on Sunday. (Maybe that’s why Kobe decided to not play Friday and wait until Sunday… nah.) Howard celebrated by dropping 20 points and grabbing 22 rebounds on his old Orlando Magic team (you knew he’d be up for that game) then the team went out bowling with his Rockets’ teammates —…
Dec 9, 2013, 1:07 PM EST
In case you can’t get enough Kobe Bryant comeback we are here to help. Nike released a Kobe Bryant comeback commercial on the day of his return to the Lakers lineup, which you can see above. In case you didn’t know and it wasn’t already obvious, Nike is a Kobe sponsor and he has his…
Dec 9, 2013, 12:55 PM EST
Tuesday night the Nets could get Paul Pierce and Deron Williams back on the court. Which would be a nice first step toward turning Brooklyn’s tire fire of a season around. Both Pierce and Williams went through practice on Monday, reports A. Sherrod Blakely of CSNNE.com. We knew Williams was close to returning, however Pierce…
Dec 9, 2013, 12:01 PM EST
This was easily my favorite highlight of Sunday night. In the fourth quarter of the Lakers loss to the Raptors Sunday, Nick Young got the ball in a transition attempt before the defense set, Young got the ball in the right corner, attacked along the baseline and as he got close to the basket Jonas…
Dec 9, 2013, 11:19 AM EST
Getting Rudy Gay in a trade from Toronto was not a sign the Kings want to make a run at the playoffs right now in the West — they are one of just two teams in a deep conference with no real shot at the postseason (Utah is the other). No, this was about future…
Dec 9, 2013, 9:59 AM EST
There were rough patches — the 2-for-9 shooting, the eight turnovers — but there were also moments in Kobe Bryant‘s return to action Sunday night against Toronto where you said “that’s the Kobe I remember.” There was his first play, a bullet pass to Robert Sacre for an assist. Later there was the jab step…
Dec 9, 2013, 9:31 AM EST
The Knicks suffered their worst loss of the season on Sunday, losing by 41 points to a Celtics team that shouldn’t beat anybody by that much. And they did so wearing their alternate orange uniforms. Whether the 12 noon tip time or the orange color scheme is messing with the Knicks on these weekend games…
Dec 9, 2013, 8:44 AM EST
J.J. Redick is out with a broken hand. Matt Barnes is out following surgery to repair a retinal tear in his left eye. Reggie Bullock is out with a sprained ankle. All this has left the Los Angeles Clippers short bodies on the wing, so they may bring in veteran Stephen Jackson to fill the…
Dec 9, 2013, 8:00 AM EST
LOS ANGELES — Make no mistake, this was first and foremost about money. And future flexibility. Raptors GM Masai Ujiri made a smart trade sending Rudy Gay out of town in a deal that sets his team up for the future by removing up to $12.4 million from the books next season. This summer Andrea…
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