April 17, 2013 at 4:27 PM
Stern says decision on Kings may not be made until May
NBA commissioner David Stern said this afternoon that a final decision on the fate of the NBA Kings may not be made until May.
Stern made the comment in a brief, impromptu meeting with the media outside the NBA offices in New York Wednesday after the league’s combined Relocation/Finance committee met for roughly four hours, discussing the battle of Seattle and Sacramento over the Kings.
Asked when a decision may be made, he said: “I’d be charitable to say the first week of May, but it could slide a bit.”
Stern said it is likely that the committee will meet again next week at which time it could issue a report, or recommendation. He said NBA by-laws require at least seven days from the time a report is issue to when a vote can be held.
He said there would likely then be another meeting of the BOG for it to vote, at which time representatives of each city would be “afforded an opportunity to address the board.”
Stern also said that expansion was not discussed and that “there are no current plans to expand.”
He also said that Sacramento is willing to put down the same $30 million down payment as has Seattle, which is in addition to the $357 million bid Seattle has made for the Kings.
Stern said again that the issue is “really quite complex.”
“The committee still has additional questions as they go through this in great detail about deals, finance, real estate challenges, environmental reviews and lawsuits and the like,” Stern said.
Peter Holt, the owner of the San Antonio Spurs and a member of the committee and also the chairman of the BOG, said he would not rule out expansion but reiterated what Stern said, that it was not discussed today.