Originally posted on Bloguin Best  |  Last updated 1/23/13
Monday was a tough day for Sacramento Kings fans, a great day for Seattle Supersonics fans and probably mixed for most others. The Maloof family and a Seattle based group led by Chris Hansen announced a deal was in place for the Seattle group to buy the majority share of the Kings from the Maloofs and one minority owner for 65 percent of the $525 million the franchised was valued at (roughly $340 million). Tuesday was a much better day for Kings fans as Mayor Kevin Johnson first announced 20 local business owners each dedicated $1 million each to keeping the Kings in California's capital city. The big news came later in the day, when the USA Today's Sam Amick reported two men, billionair Ron Burkle and 24 Hour Fitness Founder Mark Mastrov, were in talks to form an ownership group to make a bid to keep the team from moving. Burkle is known to be focused on the arena plan that is unfolding at Sacramento's downtown plaza, where the property's new owners, JMA Ventures, have shown an interest in partnering with prospective owners of the Kings on the project. Mastrov made a serious bid to buy the Golden State Warriors before the team was purchased by the Joe Lacob/Peter Guber group in July 2010. If Sacramento does have a shot of keeping the Kings, this is it. Burkle is a part of the Penguins ownership group that helped build a state-of-the-art arena for the team and help usher in the team's current run of success, which included a Stanley Cup championship in 2009. As Amick pointed out, Mastrov fell short of purchasing the Warriors in 2010 and is passionate about owning a NBA team. Any local group will likely have to, at the very least, match the Seattle groups offer and likely offer close to $400 million to sway the NBA and Maloofs away from the Seattle deal. It does not look great for Sacramento, but this situation is far from over, especially when you consider the close relationship NBA Commissioner David Stern has with Johnson and the extensive work the NBA put in to negotiating an arena day last year. Just seems unlikely that they would be willing to abandon Sacramento altogether. Photo: Sactown Royalty [follow]
MORE FROM YARDBARKER:
Kevin Durant has...RUSSELL MANIA!
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

U.S. Soccer hands Solo six month suspension for Olympic comments

Report: Josh Gordon will be restricted free agent after 2016

Chargers release statement on Joey Bosa situation

Yoenis Cespedes says he will not opt out of Mets contract

Zach Johnson unloads on Olympic golf

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Drew Brees says players do not trust league office, Goodell

Lawsuit over Hall of Fame Game refiled after McAfee comments

Report: Griffin plans to re-sign with Clippers, won't be traded

Report: Wentz unlikely to see any playing time this season

Minnesota Wild names Prince’s ‘Let’s Go Crazy’ official goal song

Gabby Douglas joining judges for Miss America pageant

One Gotta Go: NFL legends bring the hate for our favorite football movies

Hard not to be cynical about LeBron's 'Cleveland Hustles'

Familiar faces that won't be seen in the NFL this year

24 quintessential moments of Kobe Bryant's career

Revisiting the 10 biggest mistakes of the NFL offseason

One Gotta Go: NFL legends (and Jose Canseco!) have no love for Captain America

Four WNBA teams to pay attention to post-Olympic break

Madden 17 shows how vital a fresh coat of paint can be

Why people just can't get behind the Washington Nationals

Washington's Josh Norman speaks candidly about multiple NFL talking points

Derrick Rose: Knicks have chance to win every game

Ranking the MLB divisional races

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

One Gotta Go: NFL legends bring the hate for our favorite football movies

Hard not to be cynical about LeBron James' 'Cleveland Hustles'

Ranking the uniforms of the NFL from worst to best

Familiar faces that won't be seen in the NFL this year

24 quintessential moments of Kobe Bryant's career

One Gotta Go: NFL legends (and Jose Canseco!) have no love for Captain America

Four WNBA teams to pay attention to post-Olympic break

Madden 17 shows how vital a fresh coat of paint can be

Why people just can't get behind the Washington Nationals

QUIZ: Name every player to win a championship with Kobe Bryant

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker