Originally written 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

Sam Bradford is proving himself to be the answer for Eagles

L.A. mayor would want Caitlyn Jenner to light Olympics torch

Segway cameraman apologizes for running down Usain Bolt

Do the Miami Dolphins finally have a coach worth fighting for?

Drew Storen wants a trade this winter – and he’ll likely get it

Kobe Bryant: ‘I Was An Idiot When I Was A Kid’

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Anthony Davis wants gold medal more than NBA MVP

Report: Ronda Rousey’s last fight topped 900,000 PPV buys

Rose issues statement denying sexual assault allegations

Giants’ rookie Tomlinson blasts a grand slam for first MLB home run

Coughlin treats training camp-weary Giants to ‘spa day’

Wilson: Comments about miracle water ‘perceived wrong’

Denard Span heading to DL again, season appears finished

Are neutral site games good for college football?

Why NFL preseason games matter

Nick Mangold assists cops in car burglary crime wave

Heat owner proposing Miami Vice-type uniforms to fans

Robert Griffin III is hilariously injury prone in Madden 16

How much did Felix Hernandez solve?

Winners and losers from the sports world: August edition

Is it safe to say Justin Verlander is officially back?

Melvin Upton Jr. channels Willie Mays with catch

John Elway talks up Colin Kaepernick: ‘I’ve always liked Colin’

Enrique Hernandez falls down trying to hit Aroldis Chapman pitch

How the Chicago Cubs are swinging

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

Why NFL preseason games matter

August's winners and losers in sports

How the Chicago Cubs are swinging

Report: Barry Bonds loses collusion case

Packers smart to sit Rodgers for rest of preseason

Towns is perfect for today's NBA

The Opening Drive: Utah alum Jordan Gross is fed up with the HarBros

Five greatest NBAers without a ring

Exactly how bad is the NL East?

Five potential college football Week 1 shockers

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