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NBA sets deadlines for Kings ownership to come through with new arena in Sacramento

Jun 1, 2013, 11:00 AM EDT

Kevin Johnson, Vivek Ranadive AP

Now that the issue of the Kings ownership has been officially settled and with the team expected to stay in Sacramento for the foreseeable future, the NBA wants to ensure that all those promises made by the new owners are met in a timely fashion.

The one at the top of the list is coming through with a new arena in Sacramento to replace the decrepit Arco (now Sleep Train, or whatever) that has become completely out of date and honestly, is unfit to host the NBA’s level of basketball.

All signs point to the new ownership group being the real deal, but in order to avoid any hiccups along the way, the NBA has strict deadlines in place to make sure the arena project moves forward as scheduled.

From the Sacramento Bee:

Hours after Vivek Ranadive and his partners completed the record-setting purchase of the franchise from the Maloof family, NBA Commissioner David Stern revealed that the Ranadive group must meet “a series of benchmarks” for a new arena – or risk losing the Kings to another city.

If deadlines are blown, Stern told The Sacramento Bee, the NBA has the option of pulling the Kings out of Sacramento and arranging for the team’s sale to new owners.

The Ranadive group agreed to the deadlines in writing, Stern said.

No worries, obviously, as long as the Kings’ new ownership group makes good on its promises.

But it is interesting, and certainly worth noting that the threat of ripping the team from Sacramento still remains if the current owners are for some reason unable to keep their commitments.

  1. Corey Jeppesen - Jun 1, 2013 at 12:53 PM

    Should a mayor of a city be this involved in its NBA team? Seems like this is all KJ does. How’s the rest of Sac? You know, like the economy, crime, law enforcement, fire, budget, etc.

    • money2long - Jun 1, 2013 at 1:32 PM

      you only know what you see. so it would seem like this is all he does.

  2. mazblast - Jun 1, 2013 at 1:51 PM

    Methinks I see the not-so-invisible hand at work here. All David Stern has to do is make sure there’s some bureaucratic stumbling block that makes Sacramento miss a deadline, and he can send the franchise to Seattle while simultaneously claiming that he “did everything possible” to keep the team in place.

    Even if Little Caesar is not involved, missing the deadline would be easy to arrange by the Seattle interests, for whom a few million is pocket money. Just pay a few discrete “consulting fees” to the right bureaucrats and/or lawyers, Sacramento misses the deadline, and the league says, “Aw, what a shame, you messed up, Seattle gets the franchise”. Given that every bureaucracy wants to be the one with Final Approval, that nothing makes a bureaucrat’s heart pound like messing things up for someone, that California’s agencies and such are notoriously difficult and fractious, and that there are city, county, and state agencies involved, each wanting its piece of the pie, it’s simple. Environmental, historical, and “economic development” are good places to start, plus there’s the can’t-miss “This site is a Native American burial ground” card that can be played. The possibilities are endless, and the delays can be, too.

    • brookwell2013 - Jun 1, 2013 at 2:17 PM

      Hey…..wait a minute…….so Stern and the League STILL have the power to move the Kings if new stadium benchmarks aren’t met by new ownership???? WTF? And the new ownership agreed to that? Something is wrong here….this has a really bad aroma. I agree with mazblast……..this thing, amazingly, ain’t over yet!

      • fm31970 - Jun 1, 2013 at 3:43 PM

        The new ownership group and KJ have already done all the work getting the arena deal set up, but remember who decided that wasn’t good enough, and tried looking elsewhere? That’s right, the Maloofs.

        The pieces are in place, but I think the NBA and the ownership group both agreed to these terms to ensure the local and state gov. groups don’t back our or change what was already negotiated, especially considering the record selling price.

  3. REVOFEV88 - Jun 1, 2013 at 3:20 PM

    If they were smart they would also have included that the Sac Bee also reports that “Seattle agreed to the same conditions; this concession was not a deciding factor, but a mitigation measure the NBA took to ensure that the cities’ “rosy predictions,” as Stern calls them, are backed up.”

    Not a big deal folks.

  4. glink123 - Jun 1, 2013 at 6:05 PM

    Ha. The only way Stern sells this team again, after the middle-finger he gave to the Hansen/Ballmer group, is if the League buys it (New Orleans Hornets, anyone?). I hope the stadium deal falls through, and Stern has to choke in this team as his “legacy”.

  5. saint1997 - Jun 1, 2013 at 7:10 PM

    Oh my word just build an arena and get this done. The constant threat of moving must be having a psychological effect on the effort level of the team; just fix it

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