Originally posted on Rumors and Rants  |  Last updated 5/15/13

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 have voted, it is officially dead. A group led by investor Chris Hansen and Microsoft CEO Steve Ballmer had tried to move the team to Seattle in the hopes of renaming it the SuperSonics. The original Sonics moved to Oklahoma City in 2008 and became the Thunder. The Maloof family, which owns the Kings, had negotiated a deal with Hansen’s group to sell the team. Brothers Joe and Gavin Maloof have been running the franchise, and were said to be intent on only selling only to the Seattle-based group. Hansen was willing to pay $406 million for 65 percent of the team, which would have bought the Maloofs out. NBA commissioner David Stern claims that he hopes to spend the next 24 to 48 hours with the Maloofs, working out a deal to sell the team to an ownership group in Sacramento. A group led by Silicon Valley billionaire Vivek Ranadive has already worked out a deal with local government officials to build a new arena. The group has secured $250 million in public funding for the project. Stern said the following: “It’s my expectation that we’ll be able to make a deal with the Maloofs and the Ranadive group to transfer title of the team in Sacramento. It’s not a certainty but we’re going to work for that result.” The big winners on Wednesday were the city of Sacramento and Kings fans. Seattle is still stuck without an NBA team, but could get one via expansion in a few years when the league cuts a new TV deal.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Vlade Divac indicates DeMarcus Cousins’ agents killed other deal

Report: Julius Thomas traded to Dolphins

Joe Mixon likely to go undrafted in April?

Belichick officially updates boat’s name to ‘VII Rings’

Canseco warns humanity about robot takeover in Twitter rant

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Rick Ankiel drank vodka before pitching in 2000 NLDS

Kings throw shade at Cousins in press release announcing trade

Report: Jets tampered with Revis through private phones, secret meetings

Calipari shoots down talk of him leaving Kentucky for Pelicans

Report: Carmelo prefers trade to Clippers or Lakers

Report: Kings blowing up roster, putting Darren Collison, Ben McLemore on block

The 'Did the Kings just make the Pelicans into a super team?' quiz

The guard tandems you'd want in a 2-on-2 tournament

We got our hands on the new Nintendo Switch, here are our first impressions

Top 10 second basemen in baseball for 2017

Teams and players who could be dealing at the NBA trade deadline

As NHL trade deadline nears, seven teams who could be dealing

Too much to Process: Can Simmons match the Embiid hype?

There will never be another Dirk Nowitzki

Baseball movies you can stream now to hold you over until Opening Day

Is the NBA All-Star Game worth saving?

Movies you can stream now to get your football fix

The Rewind: Michael Jordan's last All-Star Game

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 'Did the Kings just make the Pelicans into a super team?' quiz

The guard tandems you'd want in a 2-on-2 tournament

We got our hands on the new Nintendo Switch, here are our first impressions

Top 10 second basemen in baseball for 2017

Teams, players who could be dealing at the NBA trade deadline

As NHL trade deadline nears, seven teams who could be dealing

QUIZ: Name every MLB pitcher with 200 or more wins since 1961

Baseball movies you can stream now to hold you over until Opening Day

There will never be another Dirk Nowitzki

Movies you can stream now to get your football fix

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