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As potential buyers line up, Sarver seeks to sell Suns to someone who keeps franchise in Phoenix

Brooklyn Nets v Phoenix Suns

PHOENIX, AZ - NOVEMBER 15: The logo of the Phoenix Suns is waved to get the crowd pumped up against the Brooklyn Nets on November 15, 2013 at U.S. Airways Center in Phoenix, Arizona. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2013 NBAE (Photo by Barry Gossage/NBAE via Getty Images)

NBAE via Getty Images

There’s never been any speculation that the Suns were in danger of moving out of Phoenix — they have a well-established fan base in the 11th-largest media market in the nation.

But when billionaires get involved, they tend not to think the rules of logic apply to them — the NBA has already seen a franchise get moved from the 12th largest market to the 44th (we’re looking at you, Thunder). Robert Sarver — the owner of the Suns forced to sell his team, but the man with sole control over the process — wants to make sure the new owners have no plans to move the team out of Phoenix. That is according to Sam Garvin, the minority owner of the team who stepped into the chairman’s chair with Sarver suspended, speaking to Duane Rankin of the Arizona Republic (the story is behind a paywall).

“I know there was a lot of interest because before that was made public, a bunch of groups reached out and just said, ‘Hey, we’re interested,’ and I said, ‘Well, you’ve got to talk to Robert Sarver. He has everything to do with the sale and nothing to do with running or managing the Suns. He’s in charge of it and I think he’ll do a good job. I think he really wants to find someone who loves Arizona, wants to keep (the Suns) in Arizona and is committed to the fans and is committed to the community. So I think he’ll do a good job on the sale.”

One of those offers is a $3 billion bid from two tech venture capitalists, including financing from Peter Thiel, the tech investment mogul, reports the Wall Street Journal. There are other bids and the speculation around the sale is that the price could go higher and closer to $4 billion (the current record amount paid for an NBA franchise is $2.35 billion for the Brooklyn Nets, paid for by Joe Tsai. The sale will include the Suns and the WNBA’s Phoenix Mercury.

Garvin is not in on a bid for the team (at this time) and said he does not wish to have a larger role or be the full-time chairman.

Whoever takes over the team don’t expect the franchise to be on the move. After the backlash of the Seattle sale (done on David Stern’s watch), NBA Commissioner Adam Silver has looked for franchise stability. The league found local owners in much smaller markets such as Sacramento and New Orleans, there is no chance the sale and move of a team out of Phoenix will gain momentum.

There is no timeline for the sale.