Found May 15, 2013 on
DALLAS — NBA owners voted Wednesday to reject the Sacramento Kings’ proposed move to Seattle, the latest in a long line of cities that have tried to land the franchise.
The 22-8 vote followed a recommendation made last month by the NBA’s relocation committee and may have finally brought an end to an emotional saga that has dragged on for nearly three years.
A group led by investor Chris Hansen had a deal to buy the team. Hansen hoped to move the franchise to Seattle and rename it the SuperSonics. The original Sonics were moved to Oklahoma City in 2008 and were renamed the Thunder.
Commissioner David Stern said the league will spend the next 24 to 48 hours talking to the Maloofs, the team’s owners, about working out a deal with a competing ownership group in Sacramento.
“The big winner here was Sacramento,” Stern said.
The Maloofs reached an agreement in January to sell a 65 percent controlling interest in the team to Hansen’s group at a total franchise valuation of $525 million, top...
BEST OF MAXIM
The Sacramento Kings are staying in California's capitol. That comes after the NBA's Board of Governor rejected the relocation bid which would have moved the team to Seattle.
The vote was 22-8 in favor of keeping the team in Sacramento. NBA Commissioner David Stern did not reveal which teams voted to allow the move. Stern said the next step is meeting with the Maloofs...
Top Five Sonics
The Revenge of David Stern appears to have reached an unhappy conclusion for Seattle.
But while this is a short-term setback, Seattle is almost guaranteed to have an NBA team in the next few years.
The city is one of the largest markets in America, it’s a basketball hotbed, it’s already proven it can support multiple professional sports teams, and a brand new...
After the NBA Board of Governors voted against moving the Kings to Seattle earlier this week, the Maloofs have now sold the team to a group led by Vivek Ranadive, who is currently a part owner of the Golden State Warriors, for $535 million.
According to Ken Berger, CBS Sports:
David Stern’s powers of persuasion and a closed path to Seattle resulted in the sale of the Kings on Thursday...
OAKLAND, Calif. (AP) -- The San Antonio Spurs held off a furious final rally to beat the Golden State Warriors 94-82 in Game 6 on Thursday night and advance to the Western Conference finals.
Tim Duncan had 19 points and six rebounds, Kawhi Leonard scored 16 points and the Spurs won the series in six games.
Tony Parker shook off a poor start to score 10 of his 13 points in the fourth...
((HT: News10.net/USAToday Sports))
After voting and going behind closed doors at the Hilton Anatole hotel in Dallas, the NBA relocation committee and owners have decided to stay in town with the future with the Sacramento Kings, according to USA Today Sports and their Twitter. The more interesting reaction will be from the Hansen-Ballmer group now as the league and its members...
Before David Stern took to the podium to deliver the news, Sam Amick had something that provided at least some closure on the Sacramento and Seattle Supersonics saga.
The NBA Board of Governors has voted down the relocation bid to move the Kings to Seattle, @usatodaysports has learned
— Sam Amick (@sam_amick) May 15, 2013
Bob Condotta of The Seattle Times then followed...
OKLAHOMA CITY (AP) -- The Memphis Grizzlies advanced to the Western Conference finals for the first time in franchise history by beating the Oklahoma City Thunder 88-84 on Wednesday night.
Zach Randolph had 28 points and 14 rebounds, Mike Conley added 13 points and 11 assists for Memphis, the fifth seed.
Kevin Durant missed a 16-foot jumper from the left wing to tie it with 6 seconds...
((HT: Chris Daniels/KING5))
From Daniels and his twitter feed...
Two sources now confirming sale of #NBAKings by Maloofs to @Vivek group.
And all this a day after George Maloof said he was under no pressure to sell the Sacramento Kings franchise to the Ranadive-led group, and at the same time, Sacramento Mayor Kevin Johnson was under the impression that the two groups would...
In this week's edition of Sports Business Journal, John Ourand and John Lombardo report that the NBA wants to begin talks this summer with its two TV partners, ESPN and Turner Sports about new deals. Now the two deals with the incumbents expire after the 2015-16 season, but the NBA wants to strike while the iron is still hot. Knowing that Major League Baseball, the NFL and most...
While we’ve been covering this pretty extensively over the past few weeks and everyone knew this was coming, the NBA officially killed the Sacramento Kings’ proposed move to Seattle on Wednesday. The NBA owners voted Wednesday to reject the move with a 22-8 vote.
Until now the NBA’s relocation committee had simply recommended the league reject the move. Now that the owners...