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David Stern

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» Friday, April 19 2013

Jeff Zillgitt: NBA owners also discussed impact of three-point shot on the game. "When teams are hot, it's a thing of beauty. When they're not ..." Twitter @JeffZillgitt

 

» Wednesday, April 17 2013

McGinn said the NBA was looking to “tee up” the decision with its discussion this week and that Stern was in the “same place” he was after a meeting with representatives of each city in New York two weeks ago. Stern had said after those meetings, when each city made 90-minute presentations to the league’s Relocation/Finance Committee, comprising eight team owners, that the league might not be ready to vote by the time of the Board of Governors (BOG) meetings. Those meetings are held each year at the conclusion of the regular season. Seattle Times

 

» Tuesday, April 16 2013

On why more NBA players don’t interact with fans on Twitter: “It’s something that has been perpetrated by the front office of the NBA, telling us not to do that. So basically, [they’re] telling us that we need to be above other people in society because [we’re] better than that. Better than what? What am I better than?” Washington Post

 

» Sunday, April 14 2013

A franchise in Seattle would pay into the NBA's new revenue-sharing plan, while Sacramento would be receiving bailouts from revenue-sharing. The economy of Seattle is growing, while Sacramento's is shrinking -- and media rights for an NBA franchise in Seattle would be almost double the rights fees earned by Sacramento. A new arena in Sacramento cannot be built within three years, as proposed by Sacramento mayor Kevin Johnson. Based on an intrinsic set of checks-and-balances in California that have delayed local stadium projects by the Giants and 49ers, the Kings can expect to need at least six years to complete a new arena in Sacramento. The current site for a new arena in downtown Sacramento may not be viable. SI.com

Hansen's group told NBA owners that Seattle has 13 companies rated in the Fortune 1000; Sacramento has none. The Seattle economy has been ranked among the top five in the U.S. for the last four years, according to the independent research firm POLICOM, while Sacramento has dropped from No. 19 in 2011 to No. 55 this year. The Seattle group told owners that Sacramento's fall has been structural rather than cyclical, based on Sacramento's emphasis on residential home construction leading up to the recent housing crisis. When the housing bubble burst, the Sacramento economy was hit hard. Seattle's 32,555 season-ticket requests at the time of the meeting last week was more than three times the number of pledges of Sacramento. SI.com

The 2008 departure of the Sonics has appeared to influence Stern's approach to the movement of franchises -- and therefore made it more difficult for Seattle to regain an NBA franchise. When the Hornets were in danger of being sold to an owner who might have moved the franchise out of New Orleans, Stern took the drastic step of using NBA money to buy the franchise. He was committed to keeping the team in New Orleans and sold the team for $338 million to Tom Benson, the local owner of the Saints, who next season will rebrand them as the Pelicans while entrenching the team in Louisiana. "He can't have a second incident of helping a team leave a market," said an NBA owner of Stern. "Seattle was bad enough. And I'm sure he feels that Seattle had a chance to keep the team the first time around. "The bottom line is that the incumbent always gets the last shot. You don't want teams moving around." SI.com

 

» Saturday, April 13 2013

NBA commissioner David Stern said the sale of the Sacramento Kings would not become a bidding war. Chris Hansen and the group seeking to purchase the Kings and move them to Seattle is making moves that prove otherwise. The Seattle group led by Hansen and Microsoft chairman Steve Ballmer announced Friday night they had reached agreement with the Maloof family to raise the purchase price of the Kings by $25 million to an NBA-record $550 million. In a statement on his website, Sonicsarena.com, Hansen said the group has voluntarily raised the purchase price as a sign of commitment in bringing the NBA back to Seattle. ESPN.com

 

» Friday, April 12 2013

On Thursday, sources close to the Maloofs said that if the Sacramento group submits a matching offer that satisfies the league's other owners, they will embrace an outcome that keeps the Kings in Sacramento. The league is expected to address the situation at the April 18-19 annual ownership meetings. Because of the complexity and unprecedented nature of the proceedings, however, with two legitimate groups bidding for one established team, league Commissioner David Stern has indicated the matter might not be resolved until later this month. Sacramento Bee

 

» Thursday, April 11 2013

NBA Commissioner David Stern, widely thought to be a strong supporter of moving the Sacramento Kings to Seattle, has been working to bolster efforts to keep the Kings in place. Multiple sources suggested Wednesday that a split has emerged between Stern and team owners over the fate of the Kings. Those sources, spanning the league and governments in Sacramento and Seattle, said Stern has been quietly maneuvering behind the scenes to propel a Sacramento counter bid. They said he has been personally seeking investors to join a new Kings ownership group -- even after several NBA team owners last week indicated their willingness to move the franchise to Seattle. king5.com

 

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