- VIDEO: Nick Young’s 360-degree layup connects in Lakers’ home finale
- West Coast sports roundup, Week 15: 49ers’ Aldon Smith arrested, Josh Hamilton out for two months
- NFL Draft 2014: Whose stock is rising and falling?
- Lakers lose 7th straight in home finale blowout vs. Grizzlies, 102-90
- Sacramento Kings look ahead in win vs. Minnesota Timberwolves
- Are stalled contract talks weighing down Pablo Sandoval?
- Los Angeles Lakers: 5 players L.A. needs to keep in 2014-15
- NHL Playoffs 2014: 3 dark horse Western Conference squads with a shot at the Stanley Cup
- Chargers, Kevin Faulconer begin new stadium talks
- Clippers’ Jamal Crawford says ‘sky is the limit’ for a healthy team
Sacramento Kings moving to Seattle?: Kevin Johnson focused on counter offer
- Updated: January 16, 2013
But growing speculation and reports have the Seattle deal all but finalized and a move out of California a near certainty. Still, the news of the NBA’s assurance that California’s capital city will be given a fair chance to keep their only professional sports franchise gives fans a glimmer of hope.
If there’s one sign of encouragement among the mountain of despair for Sacramento, it’s the fact that AEG is once again getting involved in assisting Sacramento in an arena project — a welcome sign for any potential investor as the Maloofs have been forced to sell.
The toughest part of the task for Johnson? Finding a local group willing to put up the would-be record-setting price tag of $525 million that the Seattle-based group is willing to shell out. Sacramento does have some leverage in the situation because it would be able to avoid the over $100 million in relocation and repayment fees any outside group would have to pay. However, the biggest question is whether or not Sacramento has deep enough pocketbooks to compete — even at a discount.
A new arena is also a must, and in the constant struggle to find funds for any major capital project in California, Sacramento is at another disadvantage.
Still, Johnson remains steadfast in his approach, saying that his highest priority is to find a local buyer. He disputed the fact that the Seattle group is willing to pay the reported $525 million, calling it “outrageous,” as it would be by far the most ever paid for an NBA franchise.
Plans for a new arena were approved in Seattle by its City Council, and the project is still undergoing an environmental review process.
For more insight, follow @SportsWestCoast on Twitter
Latest posts by Michael C. Jones (see all)
- Michael Cuddyer injury: Rockies OF exits with hurt right elbow - April 14, 2014
- VIDEO: Nick Young’s 360-degree layup connects in Lakers’ home finale - April 14, 2014
- Warriors’ Mark Jackson says job security ‘determined on winning’ - April 10, 2014