Sometimes I love the interwebs. This article in the Sacramento Business Journal on attempts by Sacramento Mayor Kevin Johnson to assemble investors to buy the Kings bears the optimistic-sounding headline “Investors would decide on Kings arena site,” but if you look at the URL, you can see what was presumably the original headline: “sac-kings-investors-arena-no-news.” Mr. Michelle Rhee still says he wants to have a bid ready to go before the March 1 deadline for teams to apply to the NBA for relocation, though given that prospective Kings owner Chris Hansen has already applied to move the team, it’s not clear what the hurry is. (No vote will be taken on the sale or move until the owners’ meetings in April.)
Meanwhile, NBA commissioner David Stern had this interesting tidbit to say about how the NBA will make its decision:
“I don’t think it’s a bidding war,” Stern said. “There’s a series of issues that are defined by our constitution that have to be considered. One of the things that our board is mandated to consider is the support for the team in the prior city. So there are real issues for the board to consider, about the buildings, about the likelihood they will be built, about the support from the cities.”
That sure reads to me like “I don’t care so much about your ‘whales,’ just show me you’re ready to pay for a new arena and actually know where the money is coming from.” This could well turn into a bidding war not among prospective buyers, but among city councils.