Originally written May 14, 2013 on Rumors and Rants:
A committee of NBA owners re-examined the potential relocation of the Sacramento Kings to Seattle on Monday, and reports say they came to the same conclusion as before: the franchise isn’t moving. The relocation committee will recommend to the league’s owners that the Kings not be allowed to be sold to a Seattle-based group led by investor Chris Hansen and Microsoft CEO Steve Ballmer. A full vote on the matter is expected to happen at owners’ meetings in Dallas on Wednesday, but it is highly unlikely that the owners would go against the committee’s recommendation. Last week in an attempt to change the minds of the NBA’s owners, Hansen’s group upped its offer to buy 65 percent of the Kings from $358 million to $409 million. He also offered a relocation fee of about $116 million, which would work out to roughly $4 million per NBA team. That move was meant to sweeten the deal and sway owners who weren’t convinced yet. Even with those changes, it appears the league’s owners are unwilli...
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