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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 »

Sacramento Mayor Kevin Johnson says he’s got 10,000 commitments for season tickets, $50 million in sponsorship money and a $448 million downtown arena plan — but it may be too little, too late, as a Seattle group already owns 7 percent of the NBA’s Sacramento Kings. Johnson has been tirelessly working on a plan to keep the Kings in Sacramento, ... Read More »

Greg Jamison missed a midnight deadline to close on a Phoenix Coyotes sale, losing out on a lucrative arena-management deal and opening the sales process to other bidders. Read More »

The much-debated Phoenix Coyotes sale is coming down to the wire, as Greg Jamison has until midnight to close on the purchase of the NHL franchise and a lucrative arena-management deal. Read More »

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 »

Sacramento officials and the owners of the Sacramento Kings (NBA) have reached a tentative deal on financing for a new arena in the city’s downtown area. The deal, still subject to final approval once the city’s part of the funding package is determined, calls for larger-than-planned contributions by the Maloofs, owners of the Kings, and arena-management firm AEG. For a ... Read More »

A financial plan for a new Seattle arena — a core component in hopes of bringing the NBA back to the Emerald City — could be unveiled today by Mayor Mike McGinn. Hedge-fund manager Chris Hansen has been working with the city on a financial plan for a new arena in the Safeco Field area. Now headquartered in San Francisco, ... Read More »

Investors have approached Seattle officials about a privately financed new arena in the Safeco Field area — an effort that could bring the NBA or NHL to the Emerald City. There aren’t many details forthcoming about the group, although it apparently includes former Sonics GM Wally Walker, as well as an investor who controls land south of the ballpark, an ... Read More »

In the end, it wasn’t even close: by a margin of 57 against and 43 percent for, Nassau County voters overwhelmingly rejected a bond referendum providing $350 million for a new New York Islanders arena. The vote would have borrowed $400 million for a new arena and a $50-million minor-league ballpark. There certainly was a light turnout for the referendum, ... Read More »

A Washington State Senate committee approved an extension of sales taxes that helped pay for Safeco Field and Qwest Field, but in a blow to NBA arena advocates slipped in a provision that bars the use of future tax proceeds for a new or renovated arena — or any other sporting facility. Advocates had eyed the sales taxes as a ... Read More »