New potential owner for Kings takes lead in Sacramento group

18 Comments

A few weeks back, David Stern was clear in saying that the Sacramento group had to sweeten its offer to buy the Kings if they wanted to stay in contention with the Seattle bid. It’s a negotiation, that statement didn’t catch the leaders in Sacramento off guard.

The question was what were they going to do about it?

How about bring in another billionaire to take the lead of the group? That is what has happened, reports the very connected Sam Amick at the USA Today.

Vivek Ranadive, founder of the $4 billion software company, Tibco, and a minority owner of the Golden State Warriors, has agreed to take a lead role in the group that was previously led by 24-Hour Fitness founder, Mark Mastrov, according to a person with knowledge of the move. The person spoke to USA TODAY Sports on the condition of anonymity because the agreement had not yet been announced.

Mastrov and supermarket mogul/part owner of the Pittsburgh Penguins Ron Burkle are still major players in both the bid for the team and the downtown arena effort that was expected to be revealed by way of a term sheet on Thursday, but Ranadive agreed to take part recently after pushing for a more significant say in personnel matters.

This certainly adds deeper pockets to the Sacramento bid. What it will mean to the other NBA owners remains to be seen, but likely it only helps the Sacramento side. Ranadive is not an NBA outsider but a minority owner of the Warriors (he would have to sell that share if the sale is approved).

The Maloof family has agreed to sell the Kings to a Seattle-based group that plans to move the Kings up to the city that lost the Sonics. That group is led by venture capitalist Chris Hansen and Microsoft CEO Steve Ballmer, and they valued the franchise at $525 million and have an agreement to buy 65 percent of it. They also have plans for a new arena moving forward, currently in the environmental review phase.

Both the sale and relocation would need to be approved by the other owners and NBA Commissioner David Stern has put the two votes on a parallel track. It requires a three-quarters vote of the other 29 owners to approve the sale — meaning Sacramento Mayor Kevin Johnson and his group need to sway eight other owners to their side to block the sale. If that sale is blocked, the Maloof family would in turn sell to the Sacramento group and the team would stay put.

If the sale is approved it only requires a majority vote of the owners to approve the relocation. Meaning if the owners approve the sale to the Seattle group they will approve the relocation.

There is a whole lot more complexity to this sale — a city loan to the Kings to the Maloofs, a current Kings minority owner trying to make another bid, thoughts about precedent the sale could have on future owners’ sales, all the way to discussions of television market size and per capita income — that we have discussed in detail multiple times at PBT. Right now NBA ownership committees are doing their research on the sale and relocation, and how all that impacts the league. Those committees will meet April 3 — where Johnson and the Sacramento group will make a pitch to the committees for sure.

In the end, the owners will vote at meetings in New York April 18-19, but right now is when the lobbying behind-the-scenes is taking place. And the Sacramento bid likely just got better.

Stephen Curry’s 32 lead Warriors over Rockets 113-106

Leave a comment

HOUSTON (AP) Stephen Curry scored 32 points, Klay Thompson had 25 and the Golden State Warriors built a big lead early and held on for a 113-106 win over the Houston Rockets on Tuesday night.

The Warriors scored 37 points in the first quarter and never trailed on the way to their eighth straight victory and 60th this season.

Golden State led by eight after a pair of free throws by Curry with just over three minutes left. Patrick Beverley countered with a tip-in layup for Houston, then was fouled when he was knocked to the ground on a screen by Draymond Green seconds later.

James Harden missed a layup on the next possession before Green added a shot on the other end to put the Warriors up 107-99.

Another layup miss by Harden followed, and Curry made a 3-pointer with 1:46 left to send fans streaming to the exits.

Warriors F James Michael McAdoo leaves game vs. Rockets with head injury (VIDEO)

Twitter
1 Comment

There was a scary moment during the matchup between the Golden State Warriors and Houston Rockets on Tuesday night. During a change of possession, Houston’s Trevor Ariza and and Golden State’s James Michael McAdoo got tangled up and fell together on the floor.

McAdoo was under Ariza and wound up getting his head slammed into the hardwood. He was immediately taken off the floor and sent to the locker room.

Via Twitter:

The NBATV broadcast said McAdoo received stitches but did not test positive for a concussion. He is averaging 8.7 minutes, 2.9 points, and 1.7 rebounds per-game for the Warriors.

Jusuf Nurkic trolls Nuggets, tells former team to enjoy their summer (VIDEO)

AP
3 Comments

Jusuf Nurkic did not enjoy his time as a member of the Denver Nuggets. His trade to the Portland Trail Blazers in exchange for Mason Plumlee was a welcome change of scenery.

On Tuesday night, Nurkic got to take on his old team with huge playoff implications at stake. Portland beat the Nuggets, 122-113, moving a game ahead of their rivals in the race for the No. 8 seed in the Western Conference and giving them the best tiebreaker between the two.

Nurkic was impressive, blasting his old squad with 33 points on 12-of-15 shooting, adding 16 rebounds, three blocks, and two assists.

Nurkic was interviewed in the arena after the game, and he was obviously happy he helped his team while also sticking it to Denver. Speaking with Portland reporter Brooke Olzendam, Nurkic took one last shot at the Nuggets, telling them to enjoy their summer.

Via Twitter:

Nurkic quite possibly sent the Nuggets packing for the year with the game at the Moda Center on Tuesday, so he might have been the guy who helped start their summer.

Still, that is ice cold.

James Johnson decimates Marcus Morris with huge one-handed dunk (VIDEO)

Twitter
Leave a comment

Miami Heat forward James Johnson is one of the NBA’s best in-game dunkers. On Tuesday night against the Detroit Pistons, he yammed down a huge one-handed slam that embarrassed Marcus Morris and drew gasps from the crowd at the Palace.

The play came midway through the fourth quarter with Johnson at the top of the key. After a quick pass over to him, Johnson gave a quick hesitation before driving to his left and past his defender.

With the quick step, Johnson’s only remaining opponent at the basket was Morris, who was unfortunate enough to find himself between the high-flying Heat and the rim.

This is what happened next:

Morris was whistled for a foul on the play.