Sonics

Richard Drew / Associated Press

It appears there will be no professional basketball in Seattle this year.  

The NBA’s relocation committee has favored keeping the Kings franchise in Sacramento, turning down a bid to revive the Sonics. 

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.

Richard Drew / Associated Press

Sacramento Mayor Kevin Johnson has announced a new investor to help fill the role vacated by billionaire Ron Burkle in the city's bid to keep the Kings from moving to Seattle.

Johnson said at his weekly news conference Tuesday that Sacramento developer Mark Friedman has joined the group. The announcement comes a day after Burkle backed out because of a conflict of interest stemming from his ownership stake in Relativity Sports, which manages some NBA players' careers.

HeelSports

As the NBA weighs whether to allow the Kings basketball team to move to Seattle from Sacramento, the league has to consider the possibility of an antitrust lawsuit.

Why should the Sacramento Kings be worth more than $500 million when they’re nowhere near the top of the league? Sports economist Roger Noll of Stanford University says it’s simple: a scarce supply of teams. That's by design, he says, because NBA owners want to keep their franchises valuable. And that exposes the league to a possible lawsuit. 

Seattle-area politicians will make their case to NBA leaders this week that the league should allow the Sacramento Kings to be transferred here.

The NBA will have to decide between rival offers from Seattle and Sacramento. At this Wednesday’s NBA meeting in New York, Seattle Mayor Mike McGinn and King County Executive Dow Constantine will explain how the city and county have committed to supporting the team’s transfer and building a new arena.

Constantine says he understands why Sacramento is trying so hard to keep the team, but that Seattle has more to offer.

Longshoremen in Seattle plan to appeal a recent judge’s ruling that threw out their challenge to a new Sonics basketball arena.

The longshoremen’s union argued that the city of Seattle, King County and investor Chris Hansen violated state environmental laws when they signed an agreement for the arena. They said that memorandum of understanding focuses too much on the site Hansen prefers – in Seattle’s SoDo neighborhood. And that’s before an environmental review is finished.

Marie Young-Cain

A King County judge has thrown out a lawsuit aimed at blocking a deal to build a new basketball arena in Seattle. That removes one obstacle to bringing back the Sonics NBA team.

<a target="_blank" href="http://sonicsfever.com/">SonicsFever.com</a>

Rumors that an NBA team may soon return to Seattle are good news for an Olympia company that prints T-Shirts.

Media Fly Creative has printed about 1,500 Sonics T-shirts saying "We're Back!"

Rich Pedroncelli / AP Photo

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.

KPLU sports commentator Art Thiel tries to clear up some of the confusion Seattle fans may have about what's going on.

The Associated Press

Two people familiar with the decision says the Maloof family has agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen.

The people spoke on condition of anonymity to The Associated Press on Sunday night because the deal is still pending approval from the NBA Board of Governors.

One person said the Maloofs are selling all 65 percent of their share for $525 million to Hansen, who will move the team to Seattle and restore the SuperSonics name.

The Maloofs will still be allowed to look at other bids until the league approves the sale.

The Associated Press

Sacramento Mayor Kevin Johnson says he has received approval from NBA Commissioner David Stern to present a counteroffer to the league from investors who would keep the Kings in California's capital city.

Speaking at the annual State of Downtown Breakfast on Tuesday, Johnson says the city is in a "six-week sprint" to put together a proposal for the NBA's Board of Governors to consider. The league's deadline for teams to apply for relocation is March 1.

The Associated Press

People with knowledge of the situation say investor Chris Hansen has contacted the Maloof family about buying the Sacramento Kings.

Yahoo Sports columnist Adrian Wojnarowski reports that the teams owners are finalizing a deal to sell the Sacramento Kings to the Seattle group with plans to relocate franchise. 

Yahoo Sports reported the Kings could sell for more than $500 million. KPLU sports commentator Art Thiel says that price is surprising – it’s $100 million higher than the selling price for any other professional basketball team.

David J. Phillip / AP Images

If the backers of a plan to build a new sports arena in Seattle's SoDo area are successful, they'll be looking to attract both a professional hockey club and a professional basketball team as marquis tenants.

Seattle and King County lawmakers are poring over the proposal's details. In the coming weeks they'll cast votes on the arena plan, its call for up to $200 million in public bonds (to be paired with $300 million in private funds), a plan championed by investor Chris Hansen.

The Associated Press

The team backing a new sports arena in Seattle began coming into focus today, with Microsoft CEO Steve Ballmer and two members of the Nordstrom family putting their money behind the proposed venue. They’re the first to go public as part of hedge fund manager Chris Hansen’s team of private investors.

Elaine Thompson / AP Photo

The proposal to build a new sports arena in Seattle is now open to public scrutiny now that the City of Seattle and King County have formalized their agreement with lead investor Chris Hansen.  The next step is to gain approval from the city and county councils.

KPLU sports commentator Art Thiel explains why he thinks the plan should move forward.

Keith Seinfeld / KPLU

How would taxpayers be protected if a new basketball arena gets built in Seattle? The details are in an agreement between the city, King County and the man who wants to bring an NBA team to town.

After three months of meetings and negotiations, there’s now a formal Memorandum of Understanding between investor Chris Hansen and Seattle Mayor Mike McGinn along with County Executive Dow Constantine. In the fine print, it describes how Hansen will purchase the land south of Safeco Field, build a new basketball arena on it, and then sell it to the city.

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