Sonics http://www.kplu.org en NBA committee recommends denial of Kings move to Seattle http://www.kplu.org/post/nba-committee-recommends-denial-kings-move-seattle <p><span style="line-height: 1.5;">It appears there will be no professional basketball in Seattle this year. &nbsp;</span></p><p>The NBA’s relocation committee has favored keeping the Kings franchise in Sacramento, turning down a bid to revive the Sonics.&nbsp;</p><p>The unanimous vote leaves a number of questions about what happens next for investor Chris Hansen and his attempts to bring the Sonics back to Seattle.</p><p> Mon, 29 Apr 2013 21:37:13 +0000 Keith Seinfeld 8614 at http://www.kplu.org NBA committee recommends denial of Kings move to Seattle Sacramento mayor reveals new investor in Kings bid http://www.kplu.org/post/sacramento-mayor-reveals-new-investor-kings-bid <p><span style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 15px; line-height: 15px;">Sacramento Mayor Kevin Johnson has announced a new investor to help fill the role vacated by billionaire Ron </span>Burkle<span style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 15px; line-height: 15px;"> in the city's bid to keep the Kings from moving to Seattle.</span></p> Tue, 09 Apr 2013 19:00:22 +0000 The Associated Press 8366 at http://www.kplu.org Sacramento mayor reveals new investor in Kings bid Economist says Sacramento Kings fight may yield antitrust lawsuit http://www.kplu.org/post/economist-says-sacramento-kings-fight-may-yield-antitrust-lawsuit <p><span style="line-height: 1.5;">As the NBA weighs whether to allow the Kings basketball team to move to Seattle from Sacramento, the league has to consider the possibility of an antitrust lawsuit.</span></p><p>Why should the Sacramento Kings be worth more than $500 million when they’re nowhere near the top of the league? Sports economist Roger Noll of Stanford University says it’s simple: a scarce supply of teams. That's by design, he says, because NBA owners want to keep their franchises valuable. And that exposes the league to a possible lawsuit.&nbsp;</p> Mon, 08 Apr 2013 15:49:14 +0000 Ashley Gross 8343 at http://www.kplu.org Economist says Sacramento Kings fight may yield antitrust lawsuit McGinn, Constantine to meet with NBA officials in N.Y. http://www.kplu.org/post/mcginn-constantine-meet-nba-officials-ny <p><span style="line-height: 1.5;">Seattle-area politicians will make their case to NBA leaders this week that the league should allow the Sacramento Kings to be transferred here.</span></p><p>The NBA will have to decide between rival offers from Seattle and Sacramento. At this Wednesday’s NBA meeting in New York, Seattle Mayor Mike McGinn and King County Executive Dow Constantine will explain how the city and county have committed to supporting the team’s transfer and building a new arena.</p> Tue, 02 Apr 2013 00:10:57 +0000 Ashley Gross 8243 at http://www.kplu.org Longshoremen to appeal judge's ruling tossing out their arena lawsuit http://www.kplu.org/post/longshoremen-appeal-judges-ruling-tossing-out-their-arena-lawsuit <p></p><p>Longshoremen in Seattle plan to appeal a recent judge’s ruling that threw out their challenge to a new Sonics basketball arena.</p><p>The longshoremen’s union argued that the city of Seattle, King County and investor Chris Hansen violated state environmental laws when they signed an agreement for the arena. They said that memorandum of understanding focuses too much on the site Hansen prefers – in Seattle’s SoDo neighborhood. And that’s before an environmental review is finished.</p><p> Tue, 05 Mar 2013 00:23:42 +0000 Ashley Gross 7896 at http://www.kplu.org Judge throws out lawsuit against Sonics arena http://www.kplu.org/post/judge-throws-out-lawsuit-against-sonics-arena <p></p><p>A King County judge has thrown out a lawsuit aimed at blocking a deal to build a new basketball arena in Seattle. That removes one obstacle to bringing back the Sonics NBA team. Sat, 23 Feb 2013 00:53:59 +0000 Ashley Gross 7846 at http://www.kplu.org Judge throws out lawsuit against Sonics arena Local t-shirt company capitalizing on potential return of Seattle Sonics http://www.kplu.org/post/local-t-shirt-company-capitalizing-potential-return-seattle-sonics <p>Rumors that an NBA team may soon return to Seattle are good news for an Olympia company that prints T-Shirts.</p><p><a href="http://sonicsfever.com" target="_blank">Media Fly Creative </a>has printed about 1,500 Sonics T-shirts saying "We're Back!"</p><p> Mon, 28 Jan 2013 17:45:35 +0000 The Associated Press 7656 at http://www.kplu.org Local t-shirt company capitalizing on potential return of Seattle Sonics Ball in Sacramento's court in battle with Seattle over Kings http://www.kplu.org/post/ball-sacramentos-court-battle-seattle-over-kings <p>The agreement to sell the Sacramento Kings to a Seattle investment group - with the goal of moving the team to Seattle - is not a slam dunk. It still needs NBA approval. And momentum is growing in Sacramento to try to keep the Kings there.</p><p>KPLU sports commentator Art Thiel tries to clear up some of the confusion Seattle fans may have about what's going on.</p><p></p><p> Fri, 25 Jan 2013 13:00:00 +0000 Kirsten Kendrick & Art Thiel 7631 at http://www.kplu.org Ball in Sacramento's court in battle with Seattle over Kings AP reports that the Maloof family has agreed to sell Kings http://www.kplu.org/post/ap-reports-maloof-family-has-agreed-sell-kings <p>Two people familiar with the decision says the Maloof family has agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen.</p><p>The people spoke on condition of anonymity to The Associated Press on Sunday night because the deal is still pending approval from the NBA Board of Governors.</p><p>One person said the Maloofs are selling all 65 percent of their share for $525 million to Hansen, who will move the team to Seattle and restore the SuperSonics name.</p><p>The Maloofs will still be allowed to look at other bids until the league approves the sale.</p> Mon, 21 Jan 2013 06:00:36 +0000 The Associated Press 7597 at http://www.kplu.org AP reports that the Maloof family has agreed to sell Kings Sacramento mayor to present counteroffer for Kings http://www.kplu.org/post/sacramento-mayor-present-counteroffer-kings <p>Sacramento Mayor Kevin Johnson says he has received approval from NBA Commissioner David Stern to present a counteroffer to the league from investors who would keep the Kings in California's capital city.</p><p> Speaking at the annual State of Downtown Breakfast on Tuesday, Johnson says the city is in a "six-week sprint" to put together a proposal for the NBA's Board of Governors to consider. The league's deadline for teams to apply for relocation is March 1.</p> Tue, 15 Jan 2013 18:52:09 +0000 The Associated Press 7558 at http://www.kplu.org Sacramento mayor to present counteroffer for Kings Reports: Seattle on the verge of having an NBA team http://www.kplu.org/post/reports-seattle-verge-having-nba-team <p>People with knowledge of the situation say investor Chris Hansen has contacted the Maloof family about buying the Sacramento Kings.</p><p>Yahoo Sports columnist <a href="http://sports.yahoo.com/news/maloofs-nearing-deal-to-sell-kings-to-group-that-plans-to-relocate-franchise-to-seattle-190254566.html" target="_blank">Adrian Wojnarowski reports</a> that the teams owners are finalizing a deal to sell the Sacramento Kings to the Seattle group with plans to relocate franchise.&nbsp;</p><p><a href="http://sports.yahoo.com/news/maloofs-nearing-deal-to-sell-kings-to-group-that-plans-to-relocate-franchise-to-seattle-190254566.html" target="_blank">Yahoo Sports reported</a> the Kings could sell for more than $500 million. KPLU&nbsp;sports commentator Art&nbsp;Thiel says that price is surprising – it’s $100 million higher than the selling price for any other professional basketball team.</p><p> Wed, 09 Jan 2013 20:43:24 +0000 The Associated Press & KPLU 7525 at http://www.kplu.org Reports: Seattle on the verge of having an NBA team Why should Seattle dance with Stern, NBA again? http://www.kplu.org/post/why-should-seattle-dance-stern-nba-again <p>If the backers of a plan to build a new sports arena in Seattle&#39;s SoDo area are successful, they&#39;ll be looking to attract both a professional hockey club&nbsp;<em>and</em>&nbsp;a professional basketball team as marquis tenants.</p><p>Seattle and King County lawmakers are poring over the proposal&#39;s details. In the coming weeks they&#39;ll cast votes on the arena plan, its call for up to $200 million in public bonds (to be paired with $300 million in private funds), a plan championed by investor Chris Hansen.</p> Fri, 13 Jul 2012 08:15:33 +0000 Gary Davis 5580 at http://www.kplu.org Why should Seattle dance with Stern, NBA again? Arena investors revealed: Ballmer and Nordstroms back the project http://www.kplu.org/post/arena-investors-revealed-ballmer-and-nordstroms-back-project <p>The team backing a new sports arena in Seattle began coming into focus today, with Microsoft CEO Steve Ballmer and two members of the Nordstrom family putting their money behind the proposed venue. They&rsquo;re the <a href="http://www.sonicsarena.com/uploads/Arena_Investor_Letter.pdf">first to go public </a>as part of hedge fund manager Chris Hansen&rsquo;s team of private investors.</p><p> Wed, 13 Jun 2012 22:59:02 +0000 Gabriel Spitzer 5273 at http://www.kplu.org Arena investors revealed: Ballmer and Nordstroms back the project Why Seattle arena deal should be given the green (and gold) light http://www.kplu.org/post/why-seattle-arena-deal-should-be-given-green-and-gold-light <p>The proposal to build a new sports arena in Seattle is now open to public scrutiny now that the City of Seattle and King County have formalized their agreement with lead investor Chris Hansen.&nbsp; The next step is to gain approval from the city and county councils.</p><p>KPLU sports commentator Art Thiel explains why he thinks the plan should move forward. Fri, 18 May 2012 04:00:00 +0000 Kirsten Kendrick & Art Thiel 5034 at http://www.kplu.org Why Seattle arena deal should be given the green (and gold) light Basketball arena inches toward possible return of the Sonics http://www.kplu.org/post/basketball-arena-inches-toward-possible-return-sonics <p>How would taxpayers be protected if a new basketball arena gets built in Seattle? The details are in an agreement between the city, King County and the man who wants to bring an NBA team to town.</p><p>After three months of meetings and negotiations, there&rsquo;s now a formal Memorandum of Understanding between investor Chris Hansen and Seattle Mayor Mike McGinn along with County Executive Dow Constantine. In the fine print, it describes how Hansen will purchase the land south of Safeco Field, build a new basketball arena on it, and then sell it to the city. Wed, 16 May 2012 22:20:23 +0000 Keith Seinfeld 5031 at http://www.kplu.org Basketball arena inches toward possible return of the Sonics