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

Brady issues statement on Facebook after having suspension lifted

Don Orsillo reportedly asked to lie about being fired by NESN

Matt Cassel believes Bills will keep three quarterbacks

St. Louis police seize scalpers' World Series tickets to give to friends

Eli Manning happy Tom Brady will play NFL season opener

Phil Kessel has shed 13 pounds this summer

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Cam Newton addresses ‘gang’ photo on Instagram

Steelers defense is younger and faster but not better

Duke basketball to visit White House next Tuesday

Report: Cowboys have interest in Broncos RB Montee Ball

NFL owners to discuss changing Goodell's disciplinary role

Report: Eagles trade Matt Barkley to Arizona Cardinals

WATCH: Ben Revere gifted Matt Wieters a home run

Judge Sarah Thomas as an NFL official, not a female NFL official

Redskins skip Robert Griffin III in jersey countdown

Wisconsin vs Alabama preview

Simona Halep popular with fans who want to kiss her

Patriots planned on raising a "Brady banner on opening night

Braves and Phillies sucking at the same time is rare

Montana St. linebacker delivers bone crushing hit in opener

Despite loss, all eyes still on Jim Harbaugh, Wolverines

Kirk Cousins discusses what it’s like to be called ‘Kurt’

Playoffs or not, Bryce Harper is the NL MVP

Donald Sterling’s wife Shelly seeking alimony

Chicago Bears and Jay Cutler: A love/hate relationship

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

Wisconsin vs Alabama preview

Tom Brady issues statement on Facebook

Robert Griffin III and a dream deferred

Best, worst surprises of NFL preseason

The Gospel Of Harbaugh prepares for its ultimate test of faith

Meet the Utah Utes, the pluckiest program in college football

Iman Shumpert will name daughter Iman Shumpert Jr.

Dallas company celebrates Romo with DirecTV 'crownies'

Top 10 storylines for Week 4 of the NFL preseason

Matt Williams is still hopelessly married to the idea of the closer’s role

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker