Sonics

NBA in Seattle
2:37 pm
Mon April 29, 2013

NBA committee recommends denial of Kings move to Seattle

FILE - Sacramento (Calif.) Mayor Kevin Johnson, center, is joined by Vivek Ranadive, left, and California state Sen. Darrell Steinberg during interviews Wednesday, April 3, 2013, in New York.
Richard Drew Associated Press

It appears there will be no professional basketball in Seattle this year.  

The NBA’s relocation committee has favored keeping the Kings franchise in Sacramento, turning down a bid to revive the Sonics. 

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.

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NBA in Seattle
12:00 pm
Tue April 9, 2013

Sacramento mayor reveals new investor in Kings bid

FILE - Sacramento (Calif.) Mayor Kevin Johnson, center, is joined by Vivek Ranadive, left, and California state Sen. Darrell Steinberg during interviews Wednesday, April 3, 2013, in New York.
Richard Drew Associated Press

Sacramento Mayor Kevin Johnson has announced a new investor to help fill the role vacated by billionaire Ron Burkle in the city's bid to keep the Kings from moving to Seattle.

Johnson said at his weekly news conference Tuesday that Sacramento developer Mark Friedman has joined the group. The announcement comes a day after Burkle backed out because of a conflict of interest stemming from his ownership stake in Relativity Sports, which manages some NBA players' careers.

Business
8:49 am
Mon April 8, 2013

Economist says Sacramento Kings fight may yield antitrust lawsuit

Kings fans show support for Sacramento
HeelSports

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.

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. 

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NBA in Seattle
5:10 pm
Mon April 1, 2013

McGinn, Constantine to meet with NBA officials in N.Y.

Seattle-area politicians will make their case to NBA leaders this week that the league should allow the Sacramento Kings to be transferred here.

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.

Constantine says he understands why Sacramento is trying so hard to keep the team, but that Seattle has more to offer.

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Business
4:23 pm
Mon March 4, 2013

Longshoremen to appeal judge's ruling tossing out their arena lawsuit

Longshoremen in Seattle plan to appeal a recent judge’s ruling that threw out their challenge to a new Sonics basketball arena.

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.

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Business
4:53 pm
Fri February 22, 2013

Judge throws out lawsuit against Sonics arena

Investor Chris Hansen is trying to relocate the Sacramento Kings to Seattle
Marie Young-Cain

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.

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NBA in Seattle
9:45 am
Mon January 28, 2013

Local t-shirt company capitalizing on potential return of Seattle Sonics

Rumors that an NBA team may soon return to Seattle are good news for an Olympia company that prints T-Shirts.

Media Fly Creative has printed about 1,500 Sonics T-shirts saying "We're Back!"

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Sports with Art Thiel
5:00 am
Fri January 25, 2013

Ball in Sacramento's court in battle with Seattle over Kings

Sacramento Mayor Kevin Johnson on Tuesday, introducing the first part of his plan to keep the Kings in Sacramento. The move came a day after the Maloof family signed an agreement to sell the Kings to a Seattle group led by investor Chris Hansen.
Rich Pedroncelli AP Photo

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.

KPLU sports commentator Art Thiel tries to clear up some of the confusion Seattle fans may have about what's going on.

Sports with Art Thiel weekly commentary

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NBA in Seattle
10:00 pm
Sun January 20, 2013

AP reports that the Maloof family has agreed to sell Kings

Investor Chris Hansen smiles as he speaks to supporters of a proposal for a new NBA arena during a rally in Seattle on June 14.
The Associated Press

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.

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.

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.

The Maloofs will still be allowed to look at other bids until the league approves the sale.

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NBA in Seattle
10:52 am
Tue January 15, 2013

Sacramento mayor to present counteroffer for Kings

Mayor Kevin Johnson speaks during a news conference in Sacramento, Calif. last Wednesday.
The Associated Press

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.

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.

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NBA in Seattle
12:43 pm
Wed January 9, 2013

Reports: Seattle on the verge of having an NBA team

Former Husky Isaiah Thomas could be making a return to the Pacific Northwest if the Sacramento Kings are relocated to Seattle.
The Associated Press

People with knowledge of the situation say investor Chris Hansen has contacted the Maloof family about buying the Sacramento Kings.

Yahoo Sports columnist Adrian Wojnarowski reports that the teams owners are finalizing a deal to sell the Sacramento Kings to the Seattle group with plans to relocate franchise. 

Yahoo Sports reported the Kings could sell for more than $500 million. KPLU sports commentator Art Thiel says that price is surprising – it’s $100 million higher than the selling price for any other professional basketball team.

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Sports with Art Thiel
1:15 am
Fri July 13, 2012

Why should Seattle dance with Stern, NBA again?

N.B.A. Commissioner David Stern, pictured here in Houston, in February, 2012.
David J. Phillip AP Images

If the backers of a plan to build a new sports arena in Seattle's SoDo area are successful, they'll be looking to attract both a professional hockey club and a professional basketball team as marquis tenants.

Seattle and King County lawmakers are poring over the proposal's details. In the coming weeks they'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.

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NBA arena
3:59 pm
Wed June 13, 2012

Arena investors revealed: Ballmer and Nordstroms back the project

Microsoft CEO Steve Ballmer cheering during a charity basketball game in Seattle last year - he's all in on the new arena.
The Associated Press

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’re the first to go public as part of hedge fund manager Chris Hansen’s team of private investors.

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Sports with Art Thiel
9:00 pm
Thu May 17, 2012

Why Seattle arena deal should be given the green (and gold) light

Investor Chris Hansen, right, shakes hands with Seattle SuperSonics supporters Kris "Sonics Guy" Brannon, center, and David Brown on Wednesday, after a memorandum of understanding was signed in an effort to bring the NBA back to Seattle.
Elaine Thompson AP Photo

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.  The next step is to gain approval from the city and county councils.

KPLU sports commentator Art Thiel explains why he thinks the plan should move forward.

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Seattle Arena Deal
3:20 pm
Wed May 16, 2012

Basketball arena inches toward possible return of the Sonics

Investor Chris Hansen (center) speaks during a press conference Wednesday morning announcing an agreement in the effort to build an arena that could bring professional basketball back to Seattle.
Keith Seinfeld KPLU

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.

After three months of meetings and negotiations, there’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.

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