Originally written on Rumors and Rants  |  Last updated 5/14/13
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 unwilling to budge. The NBA has actually negotiated a backup sale to a group led by Silicon Valley billionaire Vivek Ranadive that would keep the team in Sacramento. The NBA and Ranadive agreed to a purchase price of $341 million for 65 percent of the team. Obviously team owners Joe and Gavin Maloof prefer the Seattle offer, but they may not have the final say in the matter. Ranadive’s group has come to a deal with local government officials to build a new arena, and has already secured $250 million in public funding to do so. That is most likely why NBA owners have sided with him. The NBA wants the Kings to stay in Sacramento and it appears the league will do what it has to in order to make that happen.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Here are your 2015 All-Star reserves and pitchers

Are LeBron, Cavs just playing teenage games?

Bucks president threatens move to Vegas, Seattle

ESPYs golf classic moving from Trump course

Report: Pierre-Paul could miss training camp, start of season

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Spurs sign David West

Report: Marc Gasol signs five-year deal with Grizzlies

Manu Ginobili announces he will return next season

Robinson Cano dealing with stomach ailment all season

Tony Romo on Dez Bryant's contract: 'I think it will work out'

Dwayne Bowe: I’m here to fill Josh Gordon’s shoes

Bridgewater on Vikings: 'we’re not as good as what we think'

Floyd Mayweather Officially Stripped Of Welterweight Title

Mo Williams signs 2-year deal with the Cleveland Cavaliers

Carli Lloyd had vision she would score four goals in World Cup Final

Carli Lloyd needs help to carry all her World Cup awards

Russell Wilson abstaining from sex with girlfriend Ciara

Coach K on meeting Beyonce for first time: 'I felt like 13'

Three-star TE Michael Irvin Jr. commits to Miami

Bryce Harper skipping HR Derby because of dad's injury

Braves the most interesting team to watch at the deadline?

Video shows FSU QB De'Andre Johnson punching woman

Is James Harden dating Khloe Kardashian?

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

The 2015 All-Star reserves & pitchers

Are LeBron, Cavs just playing teenage games?

Bucks threatens move to Vegas, Seattle

Bryce Harper to skip Home Run Derby

Video shows De'Andre Johnson punching woman

Odell Beckham Jr. poses for nude version of 'The Catch'

Report: Giants pull offer to Pierre-Paul

Report: Jordan was tired of Chris Paul

2015 All-Star starters announced

JPP injured in fireworks mishap?

Odell Beckham doesn't want to be known for 'the catch'

Russell Wilson 'would definitely consider' playing for Mariners

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.