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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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