Found May 14, 2013 on
Rumors and Rants:
A committee of NBA owners re-examined the potential relocation of the Sacramento Kings to Seattle on Monday, and reports say they came to the same conclusion as before: the franchise isn’t moving. The relocation committee will recommend to the league’s owners that the Kings not be allowed to be sold to a Seattle-based group led by investor Chris Hansen and Microsoft CEO Steve Ballmer.
A full vote on the matter is expected to happen at owners’ meetings in Dallas on Wednesday, but it is highly unlikely that the owners would go against the committee’s recommendation.
Last week in an attempt to change the minds of the NBA’s owners, Hansen’s group upped its offer to buy 65 percent of the Kings from $358 million to $409 million. He also offered a relocation fee of about $116 million, which would work out to roughly $4 million per NBA team. That move was meant to sweeten the deal and sway owners who weren’t convinced yet.
Even with those changes, it appears the league’s owners are unwilli...
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The Hansen-Ballmer group, who is attempting to bring the Sacramento Kings to the City of Seattle, has a secret plan to relocate the team if the NBA keep blocking the move.According to a source, the group isn't taking no for an answer, as the NBA relocation committee voted to deny the relocation. The Seattle based investor group not only will increase their bid for the franchise...
The Maloofs continue to consider the possibility of selling the Sacramento Kings to a group that intends to keep the team from relocating to Seattle, according to a source.
Reports over the weekend indicated that the Kings have an alternative plan in place to sell a smaller stake to the Seattle-based group led by Chris Hansen.
But the Maloofs "still has that option," said...
The NBA's relocation committee met on Monday in regards to the future of the Sacramento Kings and did not change their position to keep the team from moving to Seattle, according to a source.
A final vote with all 30 owners is scheduled for Wednesday.
Vivek Ranadive is leading an ownership group trying to buy the Kings to keep them in Sacramento and to build a new arena.
The NBA has called a special Board of Governors meeting in Dallas this week in an attempt to sort out the Sacramento Kings saga. Owners (or their representatives) slowly trickled in throughout the day Tuesday, and we have some news to report:
First: Steve Ballmer is a rampaging bully who likes to throw money around.
Second: George Maloof still gives zero damns about everything.
More Money…More Problems
In a day and age where the internet is one of the facilitators of communication, it is now easier than ever to express your opinions, thoughts, and ideas (case in point, this article you are reading right now). From an expert in ornithology debating the exact extinction date of the Mauritian Shelduck, Alopochen mauritianus, to a three-year-old’s mom...
As we continue to navigate through the NBA Playoffs, it’s been a fun challenge to rank for the 2013-2014 season. There’s still free agency. There’s still a draft. Hey, at least we know there will be a season unlike 2011!
If you missed it, my top 10 then top 20 came out last week. Hey, it’s early, you might say “way too early” (see what I did there, it’s in the...
The Portland Trail Blazers sit wedged between two warring NBA cities.
Make that one NBA city warring with Seattle for courting their team. Sound familiar?
You've got to feel for them both.
No city wants an identity as a stepping-stone, or ignorant rube, but that's what happened when Portland's superior sister flushed a major sport out of town.