A Sacramento judge has ordered that city councilmember Kevin McCarty can be subpoenaed to testify in a lawsuit charging that — you know what, I have to go on the radio on half an hour, let’s let the Sacramento Bee explain:
In a statement filed in court, attorney Patrick Soluri said McCarty told him the city gave the Kings a secret subsidy intended to reimburse the Kings investors for the fact that they were “overpaying” for the franchise. The new owners bought the team in a deal valued at an NBA-record $535 million.
Also, Soluri said McCarty told him [city economic development director Jim] Rinehart felt the city had seriously undervalued city land that is being given to the Kings as part of the deal. Soluri’s clients, a group of citizens fighting the deal, believe the true value of the subsidy is well above $258 million.
McCarty, who opposes the subsidy, said Tuesday by email, “I certainly have no problem answering tough questions during these legal proceedings.”
I’m not sure what makes this part of the Kings deal any more “secret” than the rest of it, given that what’s been announced already doesn’t really add up, but if the city allegedly knew it was cooking the books but didn’t say so, I guess that’s news. McCarty and Rinehart now both have 20 days to be deposed in the case; if nothing else, it should provide some entertainment right about the time that Cemeterygate starts to die down.