By Miles Liatos Sports Radio KJR
Expansion has not been an option so far in the ongoing Kings relocation, but it could become one if relocation of the team is finalized.
KJR’s Jason Puckett is in New York covering the NBA Board of Governors meetings and joined Mitch in the Morning today. He said expansion, while it has been discussed more frequently regarding Seattle, is a more viable option for Sacramento. The Sacramento group could be offered this deal if they acquire “binding agreements,” including an arena agreement, Puckett said.
The decision on whether to move the Kings is contingent on the owners, and they could be swayed by the additional money an expansion team would provide. An article by CBSSports.com indicated the owners may ask for a $75 million relocation fee from Seattle ownership.
“The owners are not bound to a $30 million relocation fee; they get to name their price,” Ken Berger writes in the article.
If Sacramento were to go way of expansion, they could be required to pay a large expansion fee. The Charlotte Bobcats were the last team to expand with a price-tag of $300 million. But the cost of expansion for Sacramento could be much higher, since Seattle ownership set a $550 million standard on the Kings franchise. The NBA may embrace an expansion team as the fee would be dispersed among all owners, Puckett said.
The NBA Board of Governors Meetings take place today and tomorrow, and NBA officials will address the media tomorrow between 9am and Noon PT.
Listen to the full interview below.