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Looks like the Mayor is doing his press conference from the same place Stern did his.......and with the NBA background. ::readinginbetweenthelinesanddrawingconclusions:: ;)

The cbs link http://sacramento.cbslocal.com/watch-live-sd/

http://sacramento.cbslocal.com/watch-live-sd/

http://www.news10.net/video/liveonline/default.aspx

Awesome question!

"We lowered the pre-development costs" Now tell me, George, how those costs were not discussed in ORL?

Carmichael Dave ‏ @CarmichaelDave My math: The NBA was advancing 67 million plus an additional 7 million. 74 million advance. 73.25 Maloof contribution. Hmmm

The Maloof's have so much money they were going to borrow 60+ mil from the NBA?

I have no idea what is going on anymore.

... =/

"But he got my money, though" Haha! I love this guy! Happy for Hornet fans and New Orleans!

Why can't we get a new owner? A native to Sacramento! I'm jealous :(

Stern presser begins: In other news, the Hornets have an owner.

Bryan May ‏ @BMayNews10 For the record there are more NBA folks here in press conference than working media. Sacramento well represented in here

Ken Berger ‏ @KBergCBS Glen Taylor, chairman of Board of Governors, tells @CBSSports Maloofs did not explicitly tell board they will file for relocation. Taylor: "I really wish they would've stayed and worked with the city ... to resolve their differences. It may be impossible to do that...

They can, but only under certain conditions, i.e. if the owners commit fraud or can no longer finanically run the franchise (pay their employees)

Stern conference at 11 am PT

This is the worst Soap opera I have ever seen.

"If they have the money, why are they asking us for pre-development cost" ::head-to-desk::

"I had a hard time understanding what was put on the board" "It wasn't my job" WTF? Lord, give me strength....