Apr 25, 2013, 1:46 PM EDT
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.
May 7, 2015, 1:31 AM EDT
The Rockets had 64 free throw attempts in what was not always a pretty game.
May 7, 2015, 12:01 AM EDT
Shaquille O’Neal wipes out hard during TNT halftime show
May 6, 2015, 11:11 PM EDT
Team now has to find use for 20,000 unused slings
May 6, 2015, 10:33 PM EDT
Cavaliers produce a “30 for 30 seconds”
May 6, 2015, 9:44 PM EDT
James scored 33 points to send the Cavs back to Chicago tied 1-1.
May 6, 2015, 8:59 PM EDT
I still think he stays at least one more year.
May 6, 2015, 8:16 PM EDT
Doc Rivers unsure whether Clippers point guard will be ready for Game 3
May 6, 2015, 7:43 PM EDT
Good choice by voters
May 6, 2015, 7:00 PM EDT
Does he no longer want to look like his teammates?
May 6, 2015, 6:15 PM EDT
Ernie Johnson is the best.
May 6, 2015, 5:30 PM EDT
Golden State was 7-of-23 on uncontested looks.
May 6, 2015, 4:48 PM EDT
Will Dumars be the one deciding the future path of the Pelicans? Should he be?
May 6, 2015, 3:59 PM EDT
He also went through a high-tech training program this summer. And re-worked his jump shot.
May 6, 2015, 3:15 PM EDT
This gets LeBron back to playing the three, where he’s been most dangerous all season.
Dirk Nowitzki explains Mavericks not giving Rajon Rondo a playoff share, says ‘I think that got blown out of proportion’
May 6, 2015, 2:30 PM EDT
Rondo was a disaster with the Mavericks, and the team seemed to give him one last kick on his way out.
May 6, 2015, 1:45 PM EDT
Both are unrestricted free agents, and retirement remains a real possibility for each.
May 6, 2015, 1:07 PM EDT
You can ask “what should David Blatt do?” but it’s not like he’s hiding some great player on the bench, the guys there need to step up.
May 6, 2015, 12:30 PM EDT
Clippers won Game 1 on the road with Paul out of the lineup.
Thunder GM refutes report he didn’t consult Kevin Durant, Russell Westbrook before hiring Billy Donovan as coach
May 6, 2015, 11:50 AM EDT
Discussing the move with Durant and Westbrook was the team’s only option.
May 6, 2015, 11:10 AM EDT
Pierce also had some words for the fans.
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- Last summer Blake Griffin talked to Tim Duncan about leadership 7
- PBT Extra: Will anyone step up and be third scorer for Cavaliers in Game 2? 19
- Doc Rivers on whether Chris Paul plays in Game 2 vs. Rockets: ‘Right now, I just don’t think so’ 4