Seattle Suuuuuuuupersonics v2.0?

[MarkGrace]

So money has changed hands on the deposit. Several sports legal analysts said this is a big moment as it creates a legitimate business relationship with the Maloofs-Hansen that becomes more difficult to interfere with.

KJ was supposed to unveil his big investors Monday, then Tuesday, then yesterday, but so far nothing. I know at least one of the potential investors met with Stern last week, but so far all KJ has shown is 20 investors chipping in $1mm each like they're participating in a bake sale.

Still some hurdles, but at this point it seems like the chances of the team headed any direction other than Seattle seem slim.

[HuskyFreeNorthwest]

I feel bad for Sacto, but excited by the possibility of going to an NBA game with Grace. So I'm conflicted.

One sad thing, another losing team for Puget Sounders to cheer for.

[MarkGrace]

I feel bad for Sacto, but excited by the possibility of going to an NBA game with Grace. So I'm conflicted.

I see no conflict in that!

One sad thing, another losing team for Puget Sounders to cheer for.

Hey, we only have one. Now the M's won't feel so lonely.

[MartyFunkhouser]

I feel bad for Sacto, but excited by the possibility of going to an NBA game with Grace. So I'm conflicted.

One sad thing, another losing team for Puget Sounders to cheer for.

One team from California to the Pacific Northwest, now it is time to get another team from California to the Pacific Northwest. Time for the Portland A's.

[HuskyFreeNorthwest]

I see no conflict in that!



Hey, we only have one. Now the M's won't feel so lonely.

Don't forget Husky football!

[MarkGrace]

Don't forget Husky football!

Oh. Well I was thinking of the pro teams, but to be honest, I have no idea if the Sounders win. It seems like they do, but who knows.

Didn't the Huskies have a winning record last year? Ran by the stadium expansion the other day and it's looking really nice. SU will probably be pleased with his team's new digs.

[SeattleUte]

I feel bad for Sacto, but excited by the possibility of going to an NBA game with Grace. So I'm conflicted.

One sad thing, another losing team for Puget Sounders to cheer for.

How come nobody ever notes that Sacramento stole the Kings from Kansas City?

[HuskyFreeNorthwest]

How come nobody ever notes that Sacramento stole the Kings from Kansas City?

I'm not that old.

[YOhio]

How come nobody ever notes that Sacramento stole the Kings from Kansas City?

No kidding. The hypocrisy is breathtaking.

[il Padrino Ute]

How come nobody ever notes that Sacramento stole the Kings from Kansas City?

So, two wrongs make a right?

[YOhio]

So, two wrongs make a right?

So sad that Il Padrino Socialist hates the free market. Sorry, but this is how capitalism works. An owner should have every right to move the team, even if offends your leftist sensibilities.

[Omaha 680]

How come nobody ever notes that Sacramento stole the Kings from Kansas City?

Kansas City deserved it after muscling us out.

http://hoopedia.nba.com/index.php?ti...ty-Omaha_Kings

[MarkGrace]

Stern says Seattle group has filed for relocation
With one more procedural move, the Sacramento Kings took another step toward Seattle.

By TIM BOOTH
AP Sports Writer


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With one more procedural move, the Sacramento Kings took another step toward Seattle.

NBA Commissioner David Stern said Wednesday night that the Seattle group led by Chris Hansen and Steve Ballmer, which recently reached an agreement to purchase the Kings, has formally filed for relocation with the league.

Stern spoke in Minneapolis before the Timberwolves hosted San Antonio. He called the Seattle group "very strong," and said the appropriate committees have been convened to look over the proposed sale of the Kings and the prospective move.

Stern said the relocation proposal calls for the team to play in KeyArena for "two years, possibly three," while a new arena in Seattle is being built.

"We have had submitted a signed agreement to have the team sold to a very strong group from Seattle," Stern said. "We have received an application to have the team moved from Sacramento to Seattle."

The deadline for teams to file for relocation is March 1. It's been expected that the Hansen/Ballmer group would file to move the team, but Stern's comments were the first time that decision had been verified. The filing for relocation is just another step, but big in the efforts to bring professional basketball back to Seattle for the 2013-14 season.

Hansen's group reached an agreement with the Maloof family last month to buy 65 percent of the franchise, which is valued at $525 million, and move the team to Seattle and restore the SuperSonics name. The deal will cost the Hansen group a little more than $340 million.

The Kings' sale price of $525 million would surpass the NBA-record $450 million the Golden State Warriors sold for in 2010.

Sacramento Mayor Kevin Johnson has been trying to find investors with the financial means to match the sale price, keep the Kings in Sacramento and help on the construction of a new arena in California's capital city.

Johnson said Tuesday he planned to attend the NBA All-Star game in Houston and lobby anyone he could on the merits of keeping the Kings in Sacramento, but he has yet to reveal any of the large equity investors he's attempting to pull together. Johnson said he hoped to be able to announce them next week.

"My guess is it's likely that the mayor of Sacramento will appear before the board with an alternate plan," Stern said. "And that's why we have a board of governors, to make difficult decisions like this one."

Stern said he didn't feel the situation between Seattle and Sacramento would turn into a battle to see who can make the most lucrative bid.

"I don't think it's a bidding war," Stern continued. "There's a series of issues that are defined by our constitution that have to be considered. One of the things that our board is mandated to consider is the support for the team in the prior city. So there are real issues for the board to consider, about the buildings, about the likelihood they will be built, about the support from the cities."

Two committees would typically vet both the proposed sale and the move of the franchise to Seattle, but Stern said he has combined the committees into one. The committee will report to the Board of Governors, which is expected to vote on both the sale and the proposed move at its meeting in mid-April.

Stern said the relocation of the franchise requires a majority approval of the Board of Governors and the sale of the franchise would require a three-fourths majority.

"So I did the sensible thing, I combined the committees and said, `You guys figure it out.' We'll see how that works," Stern said

http://seattletimes.com/html/localne...kingssale.html

[Realtall]

They should transfer the franchise records for the Thunder back to the Sonics 2.0 and then give the Thunder the Kings' franchise records.

I'd go along with that just because it amuses me.

[Realtall]

What team is most likely to move? Sacramento or New Orleans would seem like a good bet.

They need to move NO to Austin just so we could have a 4th franchise in the state. And I cannot adequately communicate with you how fast the franchises' name would be changed from 'The Pelicans.'