NBA does its dead level best to keep Phil Jackson retired
Last week, the NBA Board of Governors, no doubt carrying out strict marching orders from David Stern, voted to block relocation of the Kings from Sacramento to Seattle. In doing so, they also scuttled a potential sale of the Kings to a group led by Chris Hansen. Instead, the Maloof brothers will sell to a group headed by Vivek Ranadive. Tuesday, another penny dropped. Appearing on...
What Each NBA Team Needs starting with the Kings
As the field for the NBA Finals is now down to 4 (Indiana, Miami, SAS, Memphis), the hopes and dreams of the other 26 teams have faded quickly. Some of them (Clippers, Knicks, Nuggets, OKC) left the playoffs too early, some of them (Lakers, Brooklyn) never materialized what they thought was a great team, and others (Minnesota, Philadelphia) were hit by the injury bug and never got...
Petrie Preparing For Kings' Draft, Hasn't Heard From Ranadive's Group
The Sacramento Kings have been sold to Vivek Ranadive, which makes the status of Geoff Petrie as basketball president an unknown.
Petrie is preparing for the 2013 NBA Draft as though he will still be the Kings' decision-maker. Petrie is signed through the end of June.
"I haven't had the opportunity to talk to anybody yet (from Ranadive's group)," said Petrie...
Rain City Hope: Possible expansion for Seattle NBA team
via Seattle Times
In the recently concluded tug of war between the cities of Sacramento and Seattle for the Kings franchise, the hard fact was that “There can be only one.” That wasn’t to say that Seattle, with its rabid fan base and rich basketball history, do not deserve an NBA franchise. However, as it is, no city will give up its franchise. Yet, a strong clamor for expansion...
Sale of Kings to Sacramento group signed
Well that escalated quickly.
Less than two days after the NBA Board of Governors voted down the Sacramento Kings relocation, the Maloof family has agreed to sell the team to the group led by Golden State Warriors minority owner Vivek Ranadive. According to a Sacramento Bee report, both sides have signed the agreement and the money has been wired. It was not made clear whether...
5 Ways Chris Hansen’s Investment Group Could’ve Convinced the NBA to Move the Kings to Seattle
On May 15th the NBA rejected a group of investors’ bid to move the Sacramento Kings to Seattle, Washington, the home of the one-time Seattle Supersonics. The team, the league’s Board of Governors (*Author’s note: this is the part where I started imagining Marc Cuban wearing a powdered wig and shouting out “Nay, good sir! Nay!” The post 5 Ways Chris Hansen’s Investment...
Maloofs Agree to Sell Kings to Sacramento Group
The Maloofs wanted to sell the Sacramento Kings to the Seattle group, who offered to pay more than the local group for the team but the NBA rejected the deal so here we are.
Per Brian Windhorst of ESPN, the Kings are going to remain in Sacramento after the Maloofs agreed to sell the team to a local group.
Software billionaire Vivek Ranadive came to an agreement to purchase 65...
Maloofs agree to sell Sacramento Kings for a record price
The Maloof era in Sacramento has seen the highest highs and the lowest lows in the history of the Kings franchise. It saw Vlade Divac and Chris Webber lead the team to the NBA's best record, it saw the team bottom out with a 17-win season, and the last few years have seen a struggle for the very future of the team. And now it has now finally come to a close.
At a press...
The Kings officially not moving to Seattle
It was all but a done deal the Sacramento Kings were headed to Seattle, but this is not the case now. On Wednesday the NBA owners voted against the move that would have sent the Kings from Sacramento to Seattle.
The owners rejected the move with a final vote of 22 to 8.
It was sad story when the Seattle Supersonics left Seattle and went to Oklahoma City. The Supersonics left behind...
Mike Malone Expected To Be Candidate For Kings
Mike Malone is expected to be a leading candidate for the Sacramento Kings' head coaching position.
Keith Smart is not expected to be retained, according to a report.
Malone is familiar with prospective Kings' owner Vivek Ranadive due to their connection with the Golden State Warriors.
Maloofs agree to sell Kings to Ranadive group
NBA Commissioner David Stern got his wish as the Maloof family agreed to sell the Sacramento Kings for a franchise valuation of $535 million, which will be a league record, to a local group led by software magnate Vivek Ranadive.
Hansen-Ballmer Decline Refund Of $30M Non-Refundable Deposit From NBA's Other Owners
The NBA owners offered to refund a $30 million non-refundable deposit made by the Chris Hansen-Steve Ballmer ownership group that was made when entering into a purchase agreement with the Sacramento Kings.
The Seattle-based group had agreed to buy the team from the Maloof family.
Hansen and Ballmer declined to accept the offer, which would have come from each of the NBA's 30 owners.
Sacramento Kings Look Like They’re Staying Put After Maloof Family Reportedly Reaches Agreement With Local Group
A person familiar with the deal says the Maloof family has reached an agreement with a Sacramento group headed by TIBCO software tycoon Vivek Ranadive to sell a 65 percent controlling interest in the Kings at a total franchise valuation of $535 million.
The person, speaking on condition of anonymity to The Associated Press late Thursday night because they weren’t authorized to...
Maloofs sell Kings to Sacramento group in record deal
ESPN:
Just a day after NBA owners officially rejected a bid to relocate the Sacramento Kings to Seattle, the team's owners have agreed to sell the Kings to a Sacramento-based group, sources told ESPN.com.
Software billionaire Vivek Ranadive came to an agreement to purchase 65 percent of the Kings from the Maloof family for approximately $348 million, sources said. The Kings...
DEVELOPING: Maloofs Sell Kings To SacTown Group, Announcement Friday
((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...
Maloofs Agree To Sell Kings To Ranadive-Group For $535M
The Maloofs have agreed to sell the Sacramento Kings to a group led by Vivek Ranadive for $535 million, according to a source.
The Maloofs had hoped to sell the Kings to a group led by Chris Hansen and Steve Ballmer, but the NBA's Board of Governors voted against the sale by a 22-8 margin. The Hansen-Ballmer group intended to move the Kings to Seattle, which lost their NBA franchise...
Pieced-together notes show reasons for keeping Kings in Sacramento
After the Board of Directors declared that the Kings would be staying in Sacramento, USA Today's Sam Amick pieced together notes explaining the reason why.
California Kings: NBA Board rejects transfer, Sacramento keeps franchise
via SI.COM
Sacramento will keep its franchise. The NBA owners have voted against the relocation bid to Seattle. This was in accordance with the recommendation of a relocation committee. Sacramento residents led by Mayor Kevin Johnson, himself an NBA superstar, celebrate while Seattle fans are gravely disappointed. Statements were issued by the Seattle camp accepting the decision...
Kings relocation to Seattle denied, team will stay in Sacramento
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 about...
NBA owners reject Sacramento Kings move to Seattle
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...
NBA Owners Reject Kings’ Proposal to Move From Sacramento to Seattle
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...
RUN AND HIDE
Kings owner chased into closet?
Sacramento Kings owner George Maloof reportedly was chased into a closet by the media after the NBA owners had a relocation vote.
SONIC BOOM
Owners reject Kings move to Seattle
The Kings are officially not headed to Seattle, the league's owners rejected the idea with a vote of 22 to 8.
Sacramento Kings owner George Maloof got chased into a closet by reporters at NBA BOG meeting
Just when you thought that the Sacramento Kings saga couldn’t get anymore insane, one of their owners got chased into a closet by members of the media attending the NBA Board of Governors meeting in Dallas.
After George left a meeting regarding the possible relocation of the Sacramento King to Seattle, he got ambushed by a group of reporters and the fine folks over at Sactown Royalty...
Kings relocation to Seattle denied, team will stay in Sacramento
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...
THE KINGS HOT 10
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