Let’s set the Wayback Machine for March 26, when Sacramento had just approved a preliminary term sheet for a new Kings arena:
@seattleguy234 My pet guess right now: NBA votes to defer a vote on the sale until the Sacto financing bill is complete.
— Field of Schemes (@fieldofschemes) March 27, 2013
That was a total guess, but it’s looking pretty good after yesterday’s announcement that the NBA is postponing its vote on whether to allow the Kings to move to Seattle. The league didn’t give a reason why, or indicate how long the delay will last. Instead, two committees made up of “a select group of about a dozen team owners,” according to the Sacramento Bee, are meeting today at an undisclosed location in New York to review the Sacramento and Seattle proposals, and will make recommendations to the full league.
This could just be a procedural move designed to keep every owner in the league from having to read all the financial documents involved, or it could be a stalling measure so that the NBA can see what else the two sides come up with for upping the ante. Guess we’ll find out more after today. Or, more likely, after what happens today leaks out a week from now.