Found April 29, 2013 on
Chris Hansen has increased his total valuation of the Sacramento Kings from $550 million to $625 million in another attempt to sway NBA owners to allow him to buy the franchise and move it to Seattle.
Hansen also announced on his website Friday that he has guaranteed owners that the franchise would pay into the league's revenue-sharing system in Seattle and not collect money as it has in Sacramento.
Hansen has had a deal since January to buy a 65 percent controlling interest in the Kings from the Maloof family. He originally offered a total valuation of $525 million, then increased that offer to $550 million after a competing Sacramento group matched his deal. He hoped to move the team to Seattle and rename it the Sonics, who were relocated to Oklahoma City and renamed the Thunder in 2008.
The NBA's relocation committee voted 7-0 last week to recommend that the NBA Board of Governors - which consists of all 30 owners - reject the Seattle move. The board is expected to vote on the issue at its meeting in Dallas on Wednesday.
Hansen, in his Friday statement, said the Seattle group's arena proposal was more advanced than the one in Sacramento. He said the Seattle ownership group had bought all of the needed property, had 100 percent of the private financing ''committed and in place'' and added that the environmental review process was further along.
''While we appreciate that this is a very difficult decision for the league and owners, we hope it is understood that we really believe the time is now to bring the NBA back to Seattle, and that it is paramount that we do everything we can to put Seattle's best foot forward in this process,'' Hansen said.
Sacramento Mayor Kevin Johnson said the city ''felt very confident'' about keeping the Kings in California.
''The NBA leadership and owners have always said that their decision would not be dictated by a bidding war. This was always about whether Sacramento, a community that has supported the NBA for 28 years, can put together a plan and organization to ensure the franchise can rebuild and thrive,'' he said in a statement.
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The people of Sacramento got one step closer to keeping their team on Monday, as the NBA's relocation committee recommended that the Kings stay right where they are.
On Monday, the NBA’s relocation committee voted unanimously to recommend that the Kings stay in Sacramento. Per David Aldridge, this makes it extremely likely that the entire Board of Governors will vote to keep the Kings where they are, and in so doing scuttle the bid to purchase the team by a group led by Seattle based hedge fund manager Chris Hansen. Aldridge: The recommendation...
According to Adrian Wojnarowski of Yahoo! Sports, despite popular belief, the Sacramento Kings will not be moved to Seattle. The NBA committees have voted no to relocation of Kings to Seattle, sources tell Y! Sports. — Adrian Wojnarowski (@WojYahooNBA) April 29, 2013 The NBA has instead decided that the Kings will remain in Sacramento following the proposed sale of the team from...
It was all but a done deal the Sacramento Kings were headed to Seattle, but this does not appear to be the case now. On Monday the NBA ownership committee unanimously voted against the relocating the Kings to Seattle.
A group of 7 to 12 owners made up the committee that looked into the relocation move.
A final vote of all the owners in the league on May 13th, and it is expected that...
Crushing blow to the city of Seattle, but for the fans of the Sacramento, it appears the Kings are staying put for now.
The vote of the 12 owners on the relocation & finance committees was unanimous to keep the Kings in Sacramento, source tells ESPN
— Brian Windhorst (@WindhorstESPN) April 29, 2013
Full group of NBA owners have to vote next week but they are expected to follow...
According to Adrian Wojnarowski of Yahoo Sports, it looks like the Sacramento Kings will not be relocating to Seattle after all. It appears that the NBA committees have voted no to relocation of Kings to Seattle which should cause a nice little uproar in Seattle.
Article found on: Next Impulse Sports
Sacramento Kings: Regular Season Review and Awards
By Mike Elworth: Publisher and Owner at Hoopstuff…
Record: 28-54- 13th in West- 25th in NBA
Review: The Sacramento Kings had another season like the one before and the one before that, as they played undisciplined and selfish basketball all season, mixed in with the worst defense in the NBA. Their roster is a mess, with one of...
So much for the NBA returning to Seattle.
On Monday the NBA’s relocation committee voted unanimously to oppose the Sacramento Kings’ proposed move to Seattle. The committee is made of of 12 owners, and they held a conference call in which the potential move was discussed and voted down. The group’s recommendation will be passed on to the NBA Board of Governors, which will convene...
So much for the NBA returning to Seattle.
On Monday the NBA’s relocation committee voted unanimously to oppose the Sacramento Kings’ proposed move to Seattle. The committee is made of of 12 owners, and they held a conference call in which the potential move was discussed and voted down. The group’s recommendation will be passed on to the NBA Board of Governors, which will...
The NBA’s relocation committee voted unanimously Monday to recommend that owners reject the application for the Sacramento Kings to relocate to Seattle.
The committee, made up of 12 league owners, made the decision over a conference call and forwarded its recommendation to the NBA Board of Governors. The board, which consists of all 30 owners, will convene during the week of May...
My instant reaction to today’s news that the Sacramento Kings will be staying in Sacramento is that it’s the middle of the afternoon, I’m at work, and I don’t have enough alcohol in me (translation: none) to really say what I want, so I’ll keep it simple (for now). The fact is, with this latest development, the NBA won’t be coming back to Seattle anytime soon, and for...
The NBA's relocation committee has unanimously voted against moving the Sacramento Kings to Seattle.
The Maloofs had entered into a sale agreement with a Seattle-based group led by Chris Hansen and Steve Ballmer.
A full vote is still forthcoming, but the rest of the NBA's owners will likely follow the recommendation.
Seattle lost its NBA franchise to Oklahoma City in 2008...
The NBA relocation committee, in a unanimous recommendation, have denied the Sacramento Kings franchise the ability to move the team to Seattle. This will be the second time a request has been shot down for the Maloofs. The NBA Board of Governors will meet on May 13th to formally vote on the matter however, it’s doubtful that they would go against that recommendation. Former NBA...