Stern: Sacramento Group Needs More Funds
NBA Commissioner David Stern said Friday night that the counteroffer to keep the Sacramento Kings from moving to Seattle needs to be increased financially before the league’s owners would even consider the bid.
Speaking to reporters before the Golden State Warriors hosted the Houston Rockets, Stern said the Sacramento group’s offer has some “very strong financial people behind it but it is not quite there in terms of a comparison to the Seattle bid.” He added that “unless it increases, it doesn’t get to the state of consideration.”
The league has scheduled a meeting April 3 in New York to avoid rushing debate on the issue. Representatives from Sacramento and Seattle will have a chance to present their case at that meeting, Stern said.