Latest On Kings, Sacramento, Seattle

The Maloof family, principal owners of the Kings, made headlines earlier today when they set a Friday deadline for the Sacramento bidders, and there's plenty more on the tug-of-war over the Kings this evening. Here's what we know:

  • Commissioner David Stern is pushing Sacramento's bid along and personally seeking new investors, sources tell Chris Daniels of King 5 News in Seattle. That puts him at odds with several owners who have expressed their willingness to approve the team's proposed move to Seattle, according to Daniels.
  • Ron Burkle pulled out of Sacramento's bidding group this week presumably because of the conflict regarding his stake in the Relativity Sports agency, but Daniels hears Burkle wasn't that excited about the effort to begin with.
  • Daniels also hears the second half of Sacramento's presentation before NBA owners last week fell flat, and that it was based largely on vision rather than facts. A source tells Daniels that Sacramento's offer is still "way off" the $341MM price set when the Seattle group agreed to purchase the team earlier this year.
  • Chris Hansen, the point man in Seattle's bid, used his presentation to outline an agreement with the city of Seattle to operate Key Arena while a new building is under construction, Daniels reports. That new arena could open as soon as 2015, Hansen claimed, while also revealing a potential regional televsion deal worth in excess of $40MM a year, much more than a similar deal would be worth in the Sacramento market.
  • The Maloofs' deadline for Sacramento is of no real consequence, writes Scott Howard-Cooper of (Sulia link).

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