Kings Sale Basketball

Owners vote to officially reject relocation of Kings to Seattle


This was the expected outcome after a committee of owners unanimously recommended to kill the move — and while Seattle upped their bid to try and buy the team, it was not enough.

The NBA owners voted Wednesday to reject an application to move the Kings to Seattle, something announced by NBA Commissioner David Stern. He said the vote was 22-8 against relocation (Seattle needed a majority). The news was first reported by Sam Amick of the USA Today .

“We will talk to the Mallofs (the family that owns the Kings) and seek in the next 24 to 48 hours whether we can help facilitate an agreement to be signed between the Ranadive group (the Sacramento counter bid) and the Maloofs for the sale of the franchise in Sacramento,” Stern said. “Let me say the Seattle presentation was brisk, firm, excellent and reflects the effort s that were put into this and the extraordinary ownership group they have put together….

“(It was recommended to the owners) if the Sacramento could produce a site, a construction team, a financially strong ownership group, and the kind of support by the city and the region that Major (Kevin) Johnson has galvanized, the appropriate outcome was to keep the team in Sacramento. And that’s what they did.”

The Maloof family, which owns the Kings, had an agreement with a group out of Seattle led by Chris Hansen and Microsoft CEO Steve Ballmer (who was not at the Board of Governors meeting in Dallas) and while technically this doesn’t block that sale it does in practice — Hansen’s group does not want to own a team in Sacramento.

The Maloofs had worked to avoid selling the team to this Sacramento group, but Stern said he “anticipates they will come to be open” to selling to the group now. Basically because they are out of options.

While the Seattle group had proposed a “backup plan” of buying a minority portion of the team, that is not going to fly with the other owners. However, the only vote was on the relocation, not the sale of the team.

Stern said he wanted to keep an open dialogue with the Seattle group, but they do not have “anything concrete to report” about a team moving there.

When asked about the idea of expansion, Stern said the owners thought that was a topic to discuss after the next national television package is signed. The League wants to get that new deal done this summer.

The Maloofs do not have to sell the team, but they are essentially considered too cash poor to run the franchise. They are going to sell. And the only good option on the table will be the alternative group brought forward by Sacramento Mayor Kevin Johnson and led by Silicon Valley billionaire Vivek Ranadive. That group put an offer out matching the original Seattle offer (a $525 franchise valuation), and that group also is working on plans for a new arena in downtown Sacramento.

There is a lot of frustration in Seattle — they felt screwed over by the league five years ago and this decision felt like that wound was opened again. While down the road it may be possible to bring the political and economic forces together again to buy a team and get an arena built, it would be a hard sell right now.

“This was not an anti-Seattle vote, this was a pro-Sacramento vote,” Stern said.

Sixers to retire Moses Malone’s number next season

Darryl Dawkins, Moses Malone

Kobe Bryant‘s pregame tribute video stole the show in Philadelphia, but Tuesday night was Moses Malone tribute night. The former league MVP and Hall of Famer passed away in September, and his legacy was honored by the Sixers during a halftime ceremony. During the festivities, Malone’s son announced that his No. 2 will be retired by the organization next season.

There’s no question that Malone, one of the greatest players in the history of the sport, deserves to have his number retired. The only relevant question is: why didn’t this happen years ago? The ceremony next season should be good, but it would have been better if they had done it when Malone was alive to participate in it. No Sixers player has worn No. 2 since Malone anyway, but it’s been over 20 years since he last wore a Sixers jersey. Why couldn’t they have found some time in those two decades to have a ceremony and hang a banner?

LeBron James with two-handed halfcourt bounce pass for assist (VIDEO)

LeBron James
Leave a comment

Perhaps LeBron James‘ most underappreciated skill has been his passing. He is rightly hailed as the most unselfish superstar of his generation, but being a willing passer is only part of it: he’s also as good at it as any point guard in the league. Case in point: this two-handed halfcourt bounce pass on Tuesday night, finding Richard Jefferson for an easy dunk:

Kobe gets great introduction, loud ovation in Philadelphia

1 Comment

Kobe Bryant‘s relationship with his hometown of Philadelphia had its rocky sections — the Kobe’s Lakers beat the Sixers in the 2001 Finals, and then Kobe was booed during the 2002 All-Star Game —  but all was forgiven on Tuesday night.

In his final trip to Philly, he was given a framed Lower Merion High School jersey — that’s Kobe’s school, in case you forgot — and it was presented by Dr. J.

Then the fans welcomed him like you see above.

That pumped up Kobe, who scored 13 first quarter points on 5-of-10 shooting, his best quarter of the season.

Rumor: Nets testing trade waters for Bojan Bogdanovic

Bojan Bogdanovic, Otto Porter Jr.
1 Comment

If you play for the Brooklyn Nets, and your name is not Rondae Hollis-Jefferson, expect you will come up in trade rumors this season.

First up on the block, Bojan Bogdanovic. The report comes from Mike Mazzeo of ESPN.

Bogdanovic is in the first year of a three-year, $11 million deal, which isn’t bad for a guy playing nearly 25 minutes a night and scoring 8.4 points per game. There is a lot of potential in his game, if developed in the right setting — he’s a good shooter out on the wing who works well off the ball. He seems to have regressed this season, but how much of that is due to the Nets and their guard play (and just generally struggling) is up for debate.

Is there going to be interest in him? Probably. As always, it is about the price, what the Nets will demand. Whether the Nets can get anything back they want is up for debate.

Right now a lot of GMs are testing the waters for players, judging the market. That is a long way from a trade happening. But don’t be shocked if the Nets make a deal or two before the February deadline.