We watch the NBA because like wrestling its entertaining, with well set up sub-plots and clear faces and heels, that can change given circumstance. I'd love to see what Vince McMahon could do as NBA commish. Because the current one is going through ANOTHER ownership mess.
Quote:
The cash-strapped Maloofs have made a "backup" agreement with a Seattle-based group led by the deep-pocketed Chris Hansen and Steve Ballmer to sell it 20 percent of the team for $125 million to allow the Maloofs to continue to operate the franchise, the sources said.
That new plan comes on the heels of Hansen's announcement on Friday that he had upped his offer to buy the Maloofs' 65 percent of the Kings from $358 million to $409 million, which would boost the estimated value of the team at sale to $625 million.
Sources said that new proposal also included a $115 million offer to owners as a relocation fee, which would amount to about $4 million per team. By comparison, in 2008 when the Oklahoma City Thunder moved from Seattle, they paid a $30 million total fee to the other owners.
To consider the new figures on the table, the NBA relocation committee has scheduled another meeting ahead of next Tuesday's full owners meeting in Dallas, sources said.
Two weeks ago, that same committee voted unanimously to reject the relocation request to Seattle, and the full body of owners was expected to follow that recommendation. It appeared a prospective ownership group based in Sacramento had won and the team would stay long term.
|
http://espn.go.com/nba/story/_/id/92...cramento-kings
Either way an entire city is going to feel like it got screwed yet again. Adam Silver unfortunetly is just a Stern clone.