Sacramento, Seattle? Kings fate to be decided soon

By Tim Booth

Associated Press

Published: Tuesday, April 16 2013 12:00 a.m. MDT

A sign for KeyArena appears near the Space Needle, Monday, Jan. 21, 2013, in Seattle. KeyArena would host NBA basketball games for two seasons if a team returns to Seattle as was reported likely on Monday, while a new permanent facility is built south of downtown Seattle. The Maloof family has agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen, the league confirmed in a statement. According to Forbes, one of the major reasons for the move is the lack of a personal income tax in the state of Washington, which will benefit both the owners and the players.


Here we go again.

For the second time in three years, the Sacramento Kings will host their regular-season finale with the franchise's future uncertain. Hours before the Kings tipoff against the Los Angeles Clippers on Wednesday night, NBA owners will gather in a New York boardroom to begin deliberating where the team will be located next season.

Sacramento or Seattle?

Nobody quite knows for sure.

"Pretty much every year since I've been here, the past five years, the last game of the season has been at home and it's been the same feeling — that uncertainty," Kings forward Jason Thompson said. "It's just a little bit more into the media this year and things have been really going back and forth and stuff like that, so it's a little bit more emotion."

The Maloof family reached an agreement in January to sell a 65 percent controlling interest of the Kings to a group led by hedge-fund manager Chris Hansen at a total franchise valuation of $525 million, an NBA record. With pressure mounting from Sacramento's counteroffer to keep the team, Hansen announced last Friday he would "voluntarily" raise the purchase price to $550 million "as a sign of our commitment to bring basketball back to our city."

The NBA's joint committee assigned to give a recommendation on the issue will convene again Wednesday. The league's annual Board of Governors meeting is Thursday and Friday, when a full assembly of owners could finally end all the twists and turns in the story.

If any vote is taken, Seattle needs 23 of 30 owners to approve the sale of the team to the Hansen group. If the sale is approved, a second vote will be largely ceremonial to decide whether the Kings can move to Seattle. A simple majority — 16 votes — is all that's needed to approve relocation.

Led by Mayor Kevin Johnson, Sacramento has fought back over the past three months to make the sale and relocation of the Kings a real debate. Johnson pushed a non-binding financing plan for a $447 million downtown arena through the City Council — complete with a $258 million public subsidy — and lined up an ownership group that can compete with the Seattle contingent.

The potential Sacramento ownership group is headlined by TIBCO software chairman Vivek Ranadive, also a minority owner of the Golden State Warriors, and 24 Hour Fitness founder Mark Mastrov. Others who have joined the bid include former Facebook senior executive Chris Kelly and the Jacobs family that owns communications giant Qualcomm.

Johnson has touted Sacramento's strong fan support, the exclusivity the NBA has in the city — about 90 miles away from the Bay Area's saturated sports market — and the fact the city has delivered everything the league has asked. Ranadive's reach to his native India, a market where the NBA is trying to increase visibility, could also be a factor.

While the stakes often seem stacked against Sacramento, Johnson has faced long odds before.

Most thought the Kings were on their way out two years ago, when the Maloofs prepared to move them to Anaheim, Calif. Everybody from fans to arena workers to the team's broadcasters shed tears on the court after the Kings lost 116-108 in overtime to the Los Angeles Lakers on April 13, 2011, thinking it would be Sacramento's farewell.

Instead, Johnson went to New York a day later to lobby owners to give his city more time — and succeeded. Then last April, the Maloofs backed out of a plan approved by the Sacramento City Council — and negotiated by NBA Commissioner David Stern — for a new arena in downtown Sacramento.

Johnson and the investor group scheduled a news conference Tuesday afternoon to update their current plan.

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