Posted Apr 8, 2013 10:41 PM
SACRAMENTO, Calif. (AP) -- Billionaire Ron Burkle will not be part of Sacramento's bid to keep the Kings after all.
Sacramento Mayor Kevin Johnson said Monday that a conflict of interest forced Burkle to back out. Instead, Johnson said the Southern California businessman and co-owner of the NHL's Pittsburgh Penguins will focus on the development around a proposed new downtown arena - and not the arena itself.
Burkle is part-owner of Relativity Sports, which manages some NBA players' careers. Johnson said the conflict surfaced during a meeting with NBA Commissioner David Stern and league owners in New York last week and "it won't slow us up."
Burkle had been expected to lead the development of a Sacramento arena. He also planned to join other wealthy investors trying to block a bid from a group that is hoping to buy and move the Kings to Seattle next season.
|The Stars of the NBA.com Top 10|
Here are the top 5 stars of the NBA.com Top 10.
|GameTime: Happy 80th Birthday Elgin Baylor|
The NBA TV family wishes NBA legend Elgin Baylor a happy 80th birthday.
|GameTime: Smitty's Top 5 Guys Under the Radar|
Steve Smith gives his top 5 guys under the radar from the 2014 FIBA Word Cup.
|GameTime: Best Offseason Moves|
The guys talk about the best offseason moves so far this summer.
|GameTime: Future for the Hawks|
The GameTime crew discusses the situation in Atlanta and the future of the Hawks.