Sale of Sacramento Kings http://www.kplu.org en NBA owners: Sacramento Kings to stay put http://www.kplu.org/post/nba-owners-sacramento-kings-stay-put <p><span style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 15.199999809265137px; line-height: 15px;">NBA owners voted Wednesday to reject the Sacramento Kings' proposed move to Seattle.&nbsp;</span></p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 15.199999809265137px; line-height: 15px;">The 22-to-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.</p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 15.199999809265137px; line-height: 15px;"><span style="color: rgb(0, 0, 0); font-size: 14.399999618530273px; line-height: 16.799999237060547px;">"This was not an anti-Seattle vote; this was a pro-Sacramento vote," said NBA Commissioner David Stern.</span></p><p> Wed, 15 May 2013 22:20:28 +0000 Martha Kang & The Associated Press 8793 at http://www.kplu.org NBA owners: Sacramento Kings to stay put With NBA's final decision looming, Hansen ups bid http://www.kplu.org/post/nbas-final-decision-looming-hansen-ups-bid <p></p><p><span style="line-height: 1.5;">With Sacramento Mayor Kevin Johnson already celebrating his city’s victory in the bid to keep the Kings in town, Chris Hansen and his Seattle-based investment group upped the ante on Friday.</span></p><p>Hansen said his group has raised the proposed purchase price for the franchise by $75 million, bringing the total to $625 million “in an effort to further demonstrate the extent of our commitment to bring basketball back.” The group also guaranteed to the league that the franchise would be a revenue sharing payer, Hansen said.</p><p> Fri, 10 May 2013 19:23:48 +0000 Martha Kang & Gabriel Spitzer 8738 at http://www.kplu.org With NBA's final decision looming, Hansen ups bid NBA committee recommends denial of Kings move to Seattle http://www.kplu.org/post/nba-committee-recommends-denial-kings-move-seattle <p><span style="line-height: 1.5;">It appears there will be no professional basketball in Seattle this year. &nbsp;</span></p><p>The NBA’s relocation committee has favored keeping the Kings franchise in Sacramento, turning down a bid to revive the Sonics.&nbsp;</p><p>The unanimous vote leaves a number of questions about what happens next for investor Chris Hansen and his attempts to bring the Sonics back to Seattle.</p><p> Mon, 29 Apr 2013 21:37:13 +0000 Keith Seinfeld 8614 at http://www.kplu.org NBA committee recommends denial of Kings move to Seattle Letter: Maloofs favor Seattle's deal for Kings http://www.kplu.org/post/letter-maloofs-favor-seattles-deal-kings <p></p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 15.199999809265137px; line-height: 15px;"><span style="font-size: 15.199999809265137px;">The Maloof family is asking NBA owners to approve the sale of the Kings to a Seattle group, saying there is "significant distance between us and the Sacramento group."</span></p><div style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 15.199999809265137px; line-height: 15px;"><p>In a letter sent to the NBA's relocation and finance committee, and obtained by The Associated Press on Friday, the Maloof family said the Sacramento group originally matched the $525 million valuation for the franchise that Chris Hansen negotiated. Hansen then increased the valuation offer to $550 million last week.</p> Fri, 19 Apr 2013 19:31:26 +0000 The Associated Press 8483 at http://www.kplu.org Sonics fans left to wait; Kings decision likely delayed http://www.kplu.org/post/sonics-fans-left-wait-kings-decision-likely-delayed <p></p><p>Why the delay? That’s what a lot of&nbsp;Sonics&nbsp;fans in Seattle are asking, after a meeting of NBA owners this week regarding the future of the Sacramento Kings.</p><p><span style="line-height: 1.5;">Seattle and Sacramento groups made competing bids and NBA commissioner David Stern says it will likely take longer than expected to reach a decision.&nbsp;</span></p><p> Fri, 05 Apr 2013 12:00:00 +0000 Kirsten Kendrick & Art Thiel 8301 at http://www.kplu.org Sonics fans left to wait; Kings decision likely delayed Ball in Sacramento's court in battle with Seattle over Kings http://www.kplu.org/post/ball-sacramentos-court-battle-seattle-over-kings <p>The agreement to sell the Sacramento Kings to a Seattle investment group - with the goal of moving the team to Seattle - is not a slam dunk. It still needs NBA approval. And momentum is growing in Sacramento to try to keep the Kings there.</p><p>KPLU sports commentator Art Thiel tries to clear up some of the confusion Seattle fans may have about what's going on.</p><p></p><p> Fri, 25 Jan 2013 13:00:00 +0000 Kirsten Kendrick & Art Thiel 7631 at http://www.kplu.org Ball in Sacramento's court in battle with Seattle over Kings