It’s a start. A good start.
Details of the NBA arena plan for Seattle were laid out by Seattle’s mayor and the money behind it, hedge fund manager Chris Hansen, in a press conference that sounded more like a pep rally. They bathed the plan in glowing terms as filled with private investment and risk free to the taxpayers.
But the truth is that it has a long way to go. It has a lot of moving parts and any number of things can kill it. That it starts with Hansen taking on the challenge of buying an NBA team.
The Associated Press explains it this way:
Hansen submitted a proposal to (Seattle) on Thursday that calls for $290 million in private investment, plus the cost of acquiring an NBA franchise, to help construct a facility that would cost between $450 million and $500 million.
According to a letter submitted by the Seattle native to the city, the remaining construction and development costs would be financed by the city and King County using taxes and revenues generated by the new facility and rent charged to the teams playing in the arena. City officials are adamant that there will be no new public taxes needed for the building.
Basically it works like this: The city will go through the process — environmental impact reports and the like — and get everything in place. Then all Hansen has to do is buy an NBA team and recruit an NHL team to play in the building. Once he does that, he will put his money in, the city will put its money in and construction will start.
The NBA is not going to expand, so Hansen would have to buy an existing team and move it. That is where Sacramento rumors come in, as there have been rumblings that a new investor (at the least) could come in there and the team almost moved to Anaheim last summer. The league has a team for sale but doesn’t want it moved out of New Orleans. Yet. And other teams do come on the market — it’s usually just not that easy to move them
But Seattle has a start on getting the Sonics back. It’s a long, long road but the first steps have been taken.
Preseason is only just getting underway and there’s already a potentially serious injury to report. In the game between the Hornets and Magic on Saturday night, Michael Kidd-Gilchrist was taken to the locker room after suffering a right shoulder injury. The Hornets announced that he was then taken to an Orlando-area hospital for follow-up x-rays:
We likely won’t know more about the extent of his injury until tomorrow, but if it was serious, that would be a major loss for the Hornets. Kidd-Gilchrist is their best perimeter defender and an important piece if they hope to compete for a playoff spot this year.
CHICAGO — Derrick Rose is nearing a return to practice with the Bulls. After undergoing surgery on Wednesday to repair a fractured left orbital suffered in practice on Tuesday, Rose’s recovery is going as expected and he’s expected to rejoin the team on Wednesday.
“The follow-up [exam] went very well,” Bulls coach Fred Hoiberg said after practice on Saturday. “They’ve advised him to continue to let that site heal, and they think the best way for him to do that is to stay at home at this time. We plan on him being back on Wednesday morning.”
Rose won’t be able to participate in practice for another week after that — Hoiberg said the previously announced two-week timetable for returning to basketball activities remains on schedule — but with a radically different offense, there’s a lot to learn, and just being around the team to watch practices and learn the new play sets is important.
“We’re going to actually get over there and watch some film with him today,” Hoiberg said. “Because again, like we talked about [Friday], we’ve added new sets, new things, so we’ll get him caught up by a couple of coaches going over and seeing him at his house.”
The two-week timetable puts Rose’s return to basketball activity around next Wednesday, October 14. From there, it will be a matter of getting him back into game shape before Hoiberg is comfortable playing him in games.
Hoiberg said earlier this week that he is optimistic Rose will be able to play when the Bulls kick off the regular season at home on October 27 against the Cleveland Cavaliers.