Possible reason for Vivek's insistence to not tank?

[BoogieTime]

I wonder if, to this day, this issue hasn't been resolved...

As I've read, when the Kings were in the battle to stay in Sac, they had to convince the rest of the league's owners to somehow favor the Sacramento market over Seattle's so they would vote against the move to Seattle and eventually hand the team to Vivek. The rest of the NBA owners may not have done this out of the goodness of their hearts, but because Vivek and his team may have promised them something that may hinder this franchise to this day - opting out of revenue sharing and being a taker of funds..

https://www.kcra.com/article/kings-investors-offer-to-opt-out-of-revenue-sharing/6404524#:~:text=of%20revenue%20sharing.-,Vivek%20Ranadive%2C%20a%20software%20executive%20and%20Kings%20investor%2C%20said%20once,exceeded%20the%20NBA's%20salary%20cap.&text=Advertisement-,Teams%20that%20pay%20higher%20salaries%20than%20allowed%20by%20the%20NBA,that%20stay%20within%20the%20guidelines.

If this stipulation still exists, it means the Kings literally can't be bad and suffer in attendance and get by on revenue sharing like all the other nba teams

I brought this up on the General Board many years ago, and got different answers on why this stipulation may not exist anymore like the Kings nominal valuation on the valuation lists of nba teams (and possibly those authors aren't aware of this stipulation)..

I wonder if this is still at issue many years later?

[kevin44]

I wish he would sell the team. This is one of the worst run organizations in sports. We have made the playoffs once since he bought the team. Pathetic.

[One_and_Done]

I wish he would sell the team. This is one of the worst run organizations in sports. We have made the playoffs once since he bought the team. Pathetic.

He's definitely one of the worst owners. He's unlikely to sell though, if only because he owns so little of the team. The payout won't be better than the status that comes with owning a team. The NBA agreeing to the Kings ownership structure has been maybe the most damaging thing for your franchise long term.

As things stand Vivek gains little from selling, isn't much better/worse off if the team makes/loses money, and his minority owners (who own most of the team) are powerless. For him owning the team is a status symbol. It'll probably stay in his family for generations unless the estate taxes really hit them hard.

EDIT: apparently Vivek did buy out some of the minority owners though, so maybe he owns most of the team now.

[Dthrill55]

Kings received 30m in revenue sharing in 2023. That agreement is over.