Found February 06, 2013 on
Hoop Fantasies Fantasy Basketball Blog:
The Seattle group attempting to purchase the Sacramento Kings have filed to relocate the team to the Emerald City, according to the Associated Press .
"We have had submitted a signed agreement to have the team sold to a very strong group from Seattle," NBA Commissioner David Stern told reporters prior to the Minnesota-San Antonio game.
The Seattle group is led by hedge-fund manager Chris Hansen and Microsoft exec Steve Ballmer, and they filed to move the team well before the March 1 deadline.
Hansen and Steve Ballmer reportedly reached an agreement to buy a 65 percent stake in the Kings from the Maloof family. The franchise is valued at $525 million.
Sacramento officials have been fighting to keep the Kings in the Cowbell Kingdom.
Stern told reporters Wednesday that he doesn't see "a bidding war" coming between Seattle and Sacramento.
"There's a series
of issues that are defined by our constitution that have to be
considered," Stern said. "One of the things that our board is mandated to consider is
the support for the team in the prior city. So there are real issues for
the board to consider, about the buildings, about the likelihood they
will be built, about the support from the cities."
The NBA's Board of Governors still have to approve of the sale. If they do so, they'd also have to approve of relocation.
BEST OF MAXIM
They are wasting no time here…
The Seattle-based investment group that recently reached an agreement to purchase the Sacramento Kings has begun taking steps toward moving the franchise back to Washington State.
The Associated Press has reported that NBA Commissioner David Stern announced Wednesday that committees have been formed to look at the proposed sale and move of the franchise...
David Stern said Wednesday that the Seattle Group led by Chris Hansen has formally filed to relocate the Kings’ franchise to Seattle. The deadline for teams to file for relocation is March, so this comes as no surprise – though it hadn’t been official.
According to USA TODAY Sports:
NBA Commissioner David Stern says the group that has reached agreement to purchase the Sacramento...
The date for filing NBA relocations is March 1...
The group interested in moving the Sacramento Kings to Seattle (aka the Ballmer/Hansen group) once they buy the franchise has gotten one of those conditional okay-dokeys from Commissioner David Stern.
Stern was speaking before the Minnesota-San Antonio game and let the assembled media in on something we all...
Sacramento Kings big man and renowned loose cannon DeMarcus Cousins was ejected from Monday night’s game against the Utah Jazz at halftime for some words he elected to use while exchanging not-so-pleasant pleasantries with members of the officiating crew. As the two teams headed to the locker rooms after the conclusion of the second quarter, Cousins, arguing with a referee, reportedly...
It’s safe to say that Sacramento Kings big man DeMarcus Cousins doesn’t have a very rosey relationship with many NBA referees. Cousins constantly argues with them and they constantly T him up. As was the case during last night when Cousins approached a referee at halftime to argue and ended up being tossed from the game for saying that the referee was “acting like a f-ing female...
As hard as this is to admit, there is something comforting in the post-ejection stonewall. When Kevin Garnett addresses reporters and refuses to discuss what got him tossed from a game, it may be frustrating from the standpoint of trying to gather details and facts. But in refusing to offer specifics, at least Garnett demonstrates that he knows making some things public only makes...
Commissioner David Stern says he thinks the NBA is on track to begin testing its players for human growth hormone, perhaps as early as next season.
Stern met with media in Minneapolis on Wednesday in advance of the game between the Timberwolves and San Antonio Spurs. He says the league is watching developments in the NFL and Major League Baseball as those two leagues try to address...
When people speak of performance enhancing drugs in sports, the NBA usually isn’t the first league that comes to mind. The MLB and NFL have mostly dominated that conversation of the years.
David Stern put basketball in the conversation when he recently spoke on the possibility of HGH testing and the NBA, and going as far as saying that he expects it to be in place by next season...
MINNEAPOLIS In 1994, David Stern and the NBA blocked the sale of the Minnesota Timberwolves to Top Rank, a group that would have sent the five-year-old franchise to New Orleans. Now, 19 years later and with another sale looming, the commissioner hardly expects to have to pull a similar move.
Stern, who has announced he will step down from his position on Feb. 1, 2014, visited the...
MINNEAPOLIS NBA commissioner David Stern, in Minneapolis this week to discuss proposed but stalled renovations to the Target Center, spoke on a variety of subjects before the Timberwolves-Spurs game Wednesday night, including the situation in Seattle, HGH testing in the NBA, dress code and the possibility of uniform patches appearing on jerseys around the league.
David Stern stated that he didn't believe the NBA has a serious problem with HGH, which is on the league's list of banned substances.