Sacramento mayor Kevin Johnson disputes skepticism over city's bid
One day after a decision on the fate of the Kings was delayed again, Sacramento Mayor Kevin Johnson disputed some owners' skepticism about the legitimacy of the city's bid to keep the team from moving to Seattle. Commissioner David Stern said at Friday's Board of Governors meeting that the financial backing behind the Sacramento group led by Vivek Ranadive was "documented to somewhere in the neighborhood of 80 percent," and added, "There are other issues that we just need some more answers on." One owner told CBSSports.com he had doubts about Sacramento's offer, saying, "The check's in the mail, and that's not good enough. The check's got to arrive." Speaking on CBS Sports Radio's "Eye on Basketball" show on Saturday, Johnson said that interpretation was "inconsistent with the commissioner's statement." Johnson said he's spoken with several owners who "feel very good about where we are." "When you say 80 percent there, I think they're just vetting both proposals in terms of ownership group and in terms of financing of the arena dynamics," Johnson said. "... We first heard the team was for sale on Jan. 9 and what that price was. So in short order, less than three months, we put an ownership group together and we got the city to pass a $258 million investment for a new arena. I think the owners are blown away with how quickly we were able to match that offer and be competitive."
Distributed by Internet Broadcasting and The Sports Xchange. This material may not be published, broadcast, rewritten or redistributed.