The larger-than-life figure that teased and tormented the Sacramento Kings for so long is now the biggest name to join the franchise’s new ownership group.
The Kings announced Monday that Shaquille O’Neal has acquired a minority stake in the team.
One proposal would assist the Golden State Warriors in their plan to move the team from Oakland to a possible waterfront arena in San Francisco, a move that has drawn the ire of East Bay lawmakers upset at jobs moving away.
Silicon Valley venture capitalist Mark Stevens has purchased the minority stake in the Golden State Warriors previously held by new Sacramento Kings owner Vivek Ranadive.
Landry signed his four-year, $26 million deal Monday. He is the first free agent to sign under new owner Vivek Ranadive, who had held a minority stake in the Golden State Warriors—where Landry played last season—until buying the Kings in May.
After opting out of an $11 million contract for next season with the Milwaukee Bucks, Monta Ellis is discussing a free-agent deal with the Sacramento Kings, league sources told CBS Sports.
A member of Stanford’s Hall of Fame, Mike Bratz was drafted in the third round by Phoenix in 1977. He played for six teams over nine seasons, including for the Kings during the franchise’s inaugural season in Sacramento in 1985-86.
Pete D’Alessandro has wanted a leading role in professional basketball since his father first took him to watch Julius Erving and the old New York Nets on Long Island in the 1970s.
Jason Jones of the Sacramento Bee is reporting that the Kings have offered a contract to former Warriors player and former Warriors general manager Chris Mullin to be a consultant in the front office to Pete D’Alessandro.
New Sacramento Kings coach Mike Malone said Monday: “We’re not going to guarantee the playoffs in the first year like we did in Golden State that’s for sure.”
The Kings have confirmed that Mike Malone, a former assistant for the Golden State Warriors, will be their new coach.