http://www.sacbee.com/2013/05/31/5462519/nba-sets-deadline-for-new-sacramento.html
Commissioner David Stern revealed that the Ranadive group must meet "a series of benchmarks" for a new arena - or risk losing the Kings to another city. If deadlines are blown, Stern told The Sacramento Bee, the NBA has the option of pulling the Kings out of Sacramento and arranging for the team's sale to new owners.
The Ranadive group agreed to the deadlines in writing, Stern said.
Stern said he doesn't expect Sacramento to miss its deadlines, but league owners insisted on the doomsday option "in the unlikely event" Sacramento can't get the arena project rolling in a "reasonable" amount of time.
The NBA is insisting that the building at Downtown Plaza open no later than 2017 - one year later than city officials forecast.
The threats of losing this team are just tiresome.. I'm assuming the NBA is just retaining this option, and not that they will actually resort to seizing the Kings if the process takes a little longer
Commissioner David Stern revealed that the Ranadive group must meet "a series of benchmarks" for a new arena - or risk losing the Kings to another city. If deadlines are blown, Stern told The Sacramento Bee, the NBA has the option of pulling the Kings out of Sacramento and arranging for the team's sale to new owners.
The Ranadive group agreed to the deadlines in writing, Stern said.
Stern said he doesn't expect Sacramento to miss its deadlines, but league owners insisted on the doomsday option "in the unlikely event" Sacramento can't get the arena project rolling in a "reasonable" amount of time.
The NBA is insisting that the building at Downtown Plaza open no later than 2017 - one year later than city officials forecast.
The threats of losing this team are just tiresome.. I'm assuming the NBA is just retaining this option, and not that they will actually resort to seizing the Kings if the process takes a little longer