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Stern: Sacramento, Seattle offers for Kings the same

NBA Commissioner David Stern has termed competing offers for the Sacramento Kings to be roughly the same, despite objections from the Maloof family a Sacramento bid is worth far less than an already-accepted Seattle deal. Read More »

Maloofs sell interest in Kings to Seattle group

New Seattle Arena renderingNew Seattle Arena rendering

The Seattle SuperSonics could be returning to the NBA, as a Seattle group has purchased an interest in the Sacramento Kings from the Maloof family. Read More »

Next up in Sacramento arena quest: term sheet

Though there is broad agreement over funding of a new Sacramento Kings (NBA) arena, the tires will hit the road when a formal term sheet — with specific figures — is released. That release is scheduled for tomorrow. It should be interesting: the biggest chunk of arena financing, the sale of future downtown-parking revenues, is still a long ways from ... Read More »

Sacramento arena plan: still a work in progress

A funding plan for a new Sacramento Kings (NBA) arena is still in negotiations, with Commissioner David Stern giving mixed signals about how much support he expects from the Kings. Really, there’s little new on the arena front since the last time we reported on the Sacramento arena situation: the city is still negotiating with potential investors over a $200-million ... Read More »

Happy holidays! NBA season to launch on Chrismas Day

The NBA owners will end the lockout, as a 66-game campaign is set to start on Christmas Day after owners and players agreed on a 10-year deal to save the 2011-2012 season. It will be the second-shortest season in NBA history. In the end, the owners got almost everything they wanted: a more balanced basketball-revenue sharing deal,  (50-50, as opposed ... Read More »

Players to NBA: We’re done

Negotiations between the NBA and the players union apparently have completely collapsed, with the players informing the NBA of their intent to dissolve the union and challenge the lockout in court. The union rejected a proposal from the league to roll back the split of basketball-related income to 50-50, down from the 57-43 currently in place, or a sliding scale ... Read More »

Will Kings move? No one seems to know

Talk about an important decision that’s still up in the air: We’re apparently not close to a final resolution about where the Sacramento Kings will play next season, as the Maloofs, David Stern and a relocation advisory committee is still sifting through the options. One thing we do know: a decision should be made next week. May 2 is the ... Read More »

Report: Kings likely to stay in Sacramento for ’11-’12

Despite an offer on the table for the Sacramento Kings to move to Anaheim next season, the Los Angeles Times is reporting the team is likely to stay at Power Balance Arena next season to give Mayor Kevin Johnson time to bring his new-arena plan to fruition. Johnson laid out a plan for a new downtown arena as well as ... Read More »

It’s official: NBA buys Hornets

The National Basketball Association approved its purchase of the New Orleans Hornets from George Shinn and Gary Chouest, but the vote from the Board of Governors was not unanimous. The league did not disclose the final margin, choosing instead to note it passed with a three-quarters majority — the margin needed for passage. The league purchased the Hornets after it ... Read More »

New Orleans ownership group emerging

A potential Louisiana-based ownership group for the New Orleans Hornets is emerging, as locals work to keep the NBA franchise in New Orleans Arena despite interest from other cities. The group could include local attoney Morris Bart and current minority owner Gary Chouest, who now says he could up his stake in the team from 35 percent to more than ... Read More »

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