April 17, 2013 at 10:06 AM
Sacramento’s bid officially in
Sacramento’s official, updated bid for the NBA’s Kings is in this morning, as had been expected.
Sacramento mayor Kevin Johnson announced the news in a Tweet, and the Sacramento Bee also has this story about the bid being submitted.
Exciting day for Sacramento! Our bid is in! Feeling real good about our chances. #PlayingToWin
— Kevin Johnson (@KJ_MayorJohnson) April 17, 2013
The Bee story notes that details of the bid are not available. A league source told the Times on Tuesday the bid is not expected to match the higher Seattle offer submitted Friday, or the $30 million non-refundable loan made by the Seattle group to the current owners, the Maloof family.
As the Bee stoory also notes, the NBA has begun reviewing the Sacramento bid today during a combined Finance/Relocation committee meets in Nat NBA offices in New York. The full NBA Board of Governors will meet in New York on Thursday and Friday. It had been initially expected that the NBA would vote whether to accept Seattle’s offer to buy the team at the BOG meetings.
But the NBA confirmed on Tuesday it will not be able to vote this week.
Sacramento’s hope is that the bid and arena deal it has put together will compel the NBA to turn down Seattle’s offer for the team and force the Kings to stay put.