HoopsHype Vivek Ranadive rumors

January 16, 2014 Updates

The Sacramento Kings announced Thursday that they would become the first professional sports franchise to accept Bitcoin virtual currency. Beginning on March 1, fans will be able to buy gear in the team store and pay for tickets with the digital money. "When I sold the NBA on keeping the team in Sacramento, my pitch included using the sports franchise as a social network to push the technology envelope," Kings majority owner Vivek Ranadive told ESPN.com. "This is an example of that." ESPN.com

January 2, 2014 Updates

National Basketball Association (NBA) team the Sacramento Kings have signed a partnership with The Krrish Group, an Indian real estate company. The Kings are owned by Indian-born Vivek Ranadive (left in picture), who previously revealed plans to build the team's brand internationally. Sportspromedia.com

December 10, 2013 Updates

Vivek Ranadivé is in constant communication with D’Alessandro and is willing to spend to improve the roster. The Williams trade in addition to the blockbuster seven-player deal that the Kings pulled off Monday came at a price. In fact, the Kings have added about $3.5 million in salary this season and nearly $15 million for next. Adding nearly $20 million in salary over two seasons is a luxury that the Kings have not had in a very long time. Cowbell Kingdom

October 13, 2013 Updates

And Ranadivé is doing things differently with the Kings, like hiring [Michael] Malone two weeks before he officially owned the team, and before hiring a GM, the opposite of the traditional route to staffing up. He says he knew he wanted Malone and other teams were courting him, so why wait? He invited Malone to TIBCO for lunch. Malone thought they were just going to talk basketball. He was the Warriors assistant coach and knew Ranadivé well. But, "the first thing, he goes, 'Well, Coach, let's get this over with. I want you to be my coach. Is that OK? Is it?'" Malone recalls with a laugh. "I was like, 'Uh, yeah, that's OK,' and we just went from there." And here's the kicker. But they kept the deal secret. "He could tell you everybody says in the NBA, there are no secrets," says Malone. "I said, 'Well, Vivek, let's prove everybody wrong.' And no one knew about it for two weeks." Sactown Royalty

October 12, 2013 Updates

Hansen then gave the Sacramento anti-arena group $100,000, but whatever. Our owner has a helluva lot of grace. 2. And Ranadivé is doing things differently with the Kings, like hiring [Michael] Malone two weeks before he officially owned the team, and before hiring a GM, the opposite of the traditional route to staffing up. He says he knew he wanted Malone and other teams were courting him, so why wait? He invited Malone to TIBCO for lunch. Malone thought they were just going to talk basketball. He was the Warriors assistant coach and knew Ranadivé well. But, "the first thing, he goes, 'Well, Coach, let's get this over with. I want you to be my coach. Is that OK? Is it?'" Malone recalls with a laugh. "I was like, 'Uh, yeah, that's OK,' and we just went from there." And here's the kicker. But they kept the deal secret. "He could tell you everybody says in the NBA, there are no secrets," says Malone. "I said, 'Well, Vivek, let's prove everybody wrong.' And no one knew about it for two weeks." Sactown Royalty

October 11, 2013 Updates

And it's only natural to wonder when the Kings might play in India, considering principal owner Vivek Ranadive has stated he wants to make center DeMarcus Cousins a superstar in India, Ranadive's birthplace. Coach Michael Malone would not be surprised to see the Kings play in India in the coming years. "(Ranadive has) said many, many times he wants to be a global brand," Malone said. "With his background in India, I wouldn't be surprised to see the Sacramento Kings playing a game there in the foreseeable future. It's an untapped market." Sacramento Bee

September 27, 2013 Updates

While speaking with league sources about the four-year contract extension DeMarcus Cousins has agreed to with the Kings in principle, I learned another interesting bit of information: NBA Commissioner David Stern plans to attend the Kings home/season opener Oct. 30 at Sleep Train Arena. I am assuming Stern will be in Miami the previous night for the championship ring ceremony at the Heat-Bulls game, and then just hop onto his private jet for the 3,000-mile flight to California. No one should be surprised. Keeping the Kings in Sacramento has been on Stern's 'to do" list for at least a decade. And, obviously, his relationship with Sacramento mayor Kevin Johnson, and former Golden State Warriors minority owner Vivek Ranadive - who had been itching to become a majority partner - facilitated the sale of the team and the proposed downtown arena. After this ordeal, there is no way the Commissioner, who retires Feb. 1, misses out on the emotional opening night celebration. Sacramento Bee

September 23, 2013 Updates

Shaquille O'Neal — "Dr. O'Neal," if you ask him — is hoping to help cure the Sacramento Kings. As the Kings continue their image makeover that was sparked by the late May sale of the team to Vivek Ranadive, they have made a big and bold move by adding O'Neal as a minority owner. The TNT analyst once gleaned pleasure in deriding the Kings, whom he owned in a very different way when his Lakers thrice knocked their rival out of the playoffs en route to titles in 2000, 2001 and 2002. Now his joy will come from seeing one of the league's worst-performing franchises turn things around. USA Today Sports

His involvement will begin in earnest today, as O'Neal — who jokingly referred to himself as "Dr. O'Neal" throughout a phone interview with USA TODAY Sports — plans to meet with Kings players and coaches in Sacramento before having dinner with franchise centerpiece and new protégé DeMarcus Cousins. "What interested me in this deal is the new vision, the new Kings, the new everything," said O'Neal, who so famously deemed the Kings the "Queens" at the start of the 2002-03 season. "I've always wanted to be part of something like this. ... It's going to be great." USA Today Sports

September 13, 2013 Updates

The Assembly has approved legislation intended to smooth the way for a new NBA arena in California's capital. The bill from Democratic Senate President Pro Tem Darrell Steinberg of Sacramento would accelerate judicial review of any lawsuits filed against the proposed Kings arena under California's landmark environmental law. MyNews4.com

The fight to build a new arena for the Sacramento Kings is now in the hands of Gov. Jerry Brown, as the Legislature on Thursday night approved a bill to streamline development of a downtown arena for the pro basketball team. The California Senate voted 32-5 in favor of Senate Bill 743, written by Sacramento Democrat Darrell Steinberg. The bill seeks to speed the judicial process for handling environmental lawsuits, limit the courts' ability to stop construction and change the way traffic impacts are measured in environmental reviews. It represents fewer changes to the California Environmental Quality Act than Steinberg originally hoped to achieve but would be sufficient, he said, to develop an arena that would keep the Kings in Sacramento. "The NBA has said... if we don't meet this timeline, if we don't get this project started in 2014, we're at risk of losing it," Steinberg said. "The opponents are still out there." Merced Sun-Star

September 11, 2013 Updates

Mullin's hiring comes as no surprise. During his time as Warriors minority owner, Ranadive grew to like and admire the former star. He also liked the idea of including a high-profile NBA figure in his organization and has been seeking Mullin's input since he assumed control of the franchise. "I was looking for somebody who was iconic," Ranadive said, "and Chris is iconic. He represents what is great about basketball. Hard work. Teamwork. Excellence. He is part of the model." Sacramento Bee

There were poor drafts and trades and regrettable signings as well. GM's eventually plead guilty to all of the above. But Mullin also was victimized by Chris Cohan's dysfunctional ownership, Robert Rowell's back-room dealing, and the still-puzzling strain in his relationship with his mentor, Nelson. "I would say 34, 42, 48 wins," said Mullin. "We continued improving when I was there. I had some opportunities, some scenarios these last few years, but I always focused on who I'm joining up with as opposed to where it is, or what title it is. And there were no scenarios that came like this. It starts with the people. Knowing this market, and this area. Then looking to the future with the new arena. The vision is right there, on the horizon. This just seemed like a perfect fit." Sacramento Bee

September 4, 2013 Updates

Chris Mullin is joining the Sacramento Kings' front office, according to sources familiar with the team's plans. Sources say that Mullin has been recruited by the Kings to expand upon his previous senior advisory role in support of new general manager Pete D'Alessandro and majority owner Vivek Ranadive. ESPN.com

August 16, 2013 Updates
July 23, 2013 Updates

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