May 13, 2013 at 1:51 PM
No new vote from NBA Relocation/Finance Committee
The NBA’s relocation and finance committee met today via conference call to discuss new developments in the battle for the Sacramento Kings. ESPN reported that the 12-person panel did not change its recommendation made two weeks ago against moving the Kings to Seattle. The NBA had no comment on today’s meeting.
The NBA’s relocation committee voted unanimously , 7-0, on April 29 to recommend the Board of Governors not allow the Kings to move.
It’s believed the combined finance and relocation committee today discussed the latest developments in the saga . That included the increased offer from Chris Hansen’s group to purchase the team, reported threats of the Maloof family to retain ownership of the team and sell a 20 percent stake to Hansen’s group if the NBA doesn’t approve the sale and Hansen’s reported offer to pay a $115 million relocation fee.
The members of the relocation committee are: Clay Bennett (Thunder), Ted Leonsis (Wizards), Micky Arison (Heat), Greg Miller (Jazz), Herb Simon (Pacers), Glen Taylor (Timberwolves) and Peter Holt (Spurs).
The finance committee features: James Dolan (Knicks), Wyc Grousbeck (Celtics), Larry Tanenbaum (Raptors), Jeanie Buss (Lakers) and Robert Sarver (Suns).
In other news, citing unnamed sources the Sports Business Journal reported today the NBA plans to begin informal negotiations on its next media rights deal this summer. It’s current contracts with ESPN and Turner Sports expire after the 2015-16 season.