Being the incumbent team, Sacramento and their prospective ownership group were going to be given the chance to keep the Kings local.
The only problem with that? The Seattle based Hansen-Ballmer group was about as rock solid as you could get.
So, in addition to coming up with their own solid plan, the Sacramento Kings potential ownership group may have thrown a few lob passes towards the NBA in hopes that their plan would sway NBA owners.
Per Daniel Kaplan of Sports Business Journal, the Kings’ potential ownership group has apparently opted to exclude themselves from any revenue sharing once a new arena is built and would cap themselves until that point:
…the desired new Kings ownership group agreed to limit how much revenue sharing it would take while playing in the team’s current arena and would end the club’s status as a revenue recipient altogether once moved into the new arena, one of the sources said.
The Kings under the Maloof family are a current revenue sharing team and in most scenarios, would continue to be, but as many have stated before – this isn’t most scenarios.
While there’s no word on where the money that would’ve been destined for Sacramento would be re-distributed, it certainly is welcome news to fellow NBA owners and the NBA itself.
H/T Sactown Royalty