NBA Relocation Committee Call Was Made; Kings Sale Almost Done?

7226570According to Adrian Wojnarowski of Yahoo Sports, the NBA had a conference call with the relocation committee to discuss the Sacramento Kings sale to the Hansen-Ballmer group from Seattle. It seems that we’re getting closer and closer to finalizing the deal. Once that deal is done, it will pave the way for the team to move to Seattle.

Here’s more from Wojnarowski:

The call took place on Tuesday – one day before Yahoo! Sports reported the finalizing of a deal – and informed several league owners that the Hansen-Ballmer Seattle group would purchase 65 percent of the Kings, sources said. The league office told members of the relocation committee that the non-binding agreement would constitute 53 percent of the franchise owned by the Maloof family and an additional 12 percent from minority owner Bob Hernreich.

According to the article, the sale price of $525 million is considered a valuation of the franchise.

The relocation committee is headed by Oklahoma City Thunder owner Clay Bennett, who knows a thing or two about moving franchises.

Also mentioned was that it was unclear whether the Maloof family’s share would leave them with a stake in the franchise, but the Hansen-Ballmer group wants them completely out of the organization.

The Kings haven’t filed for relocation to Seattle but the Seattle group will do so once the sale is done. The deadline for relocation is on March 1st so they’re trying to hustle for the deal. If the team does get to play in Seattle in the 2013-14 season, they will play at the old KeyArena for their first two seasons while a new Seattle arena is completed during that time. And, yes, the team name would be changed back to the Sonics.

Speaking of the Sonics, the team was bought by Clay Bennett — earlier, we mentioned Bennett as the chairman of the relocation committee. He moved the Sonics to Oklahoma City in 2008, two years after he bought the Sonics for about $350 million.

There have been mentions about other potential buyers but it’s unlikely they would match the Hansen-Ballmer group’s bid of, at least, the rumored $500 million.


Rey Moralde is a Southern California native who has a passion for basketball, old-school video games, sushi, and terrible pop music.

Related posts

Buy Generic Viagra Without a Prescription buy apcalis sx drug online Buy apcalis sx oral jelly Online buy Generic Assurans online Buy Brand and Generic Cialis Online Buy Brand Levitra Online buy cheapest Viagra online Buy Cheap Generic Cialis online Buy Cheap Generic Cialis Black online order Generic Cialis Daily online buy Generic Cialis Flavored online buy Generic Cialis Jelly online buy cialis light pack online 30 pills buy cialis light pack online 60 pills buy cialis light pack online 90 pills buy cialis pack online 30 pills buy cialis pack online 60 pills buy cialis pack online 90 pills Buy Generic Cialis Professional Online Without Prescription Buy Generic Cialis Soft 20mg Online buy cialis strong pack online 30 pills buy cialis strong pack online 60 pills purchase Generic Cialis Super Active online buy ed advanced pack online buy ed medium pack online buy ed soft medium pack online order ed super advanced pack online buy ed trial pack online Buy Cheap Erectalis No Prescription Buy Cheap Eriacta No Prescription purchase Extra Super Avana online Buy Forzest Online Buy Cheap Sildenafil Tablets Online order jelly pack online buy jelly pack online Order Cheap Generic Kamagra online Buy kamagra effervescent online Buy Kamagra Flavored Online Buy Kamagra Gold Online Generic Buy Kamagra Oral Jelly 100mg order kamagra pack online order jelly pack online buy Kamagra Polo online Buy Kamagra Soft Online Buy Generic Levitra Online order Generic Levitra Oral Jelly online buy Levitra 20 mg online buy Levitra Soft 20 mg online buy Levitra Professional 20 mg buy Generic Levitra Professional online Purchase levitra soft Online buy Generic Levitra online buy Malegra DXT online order Malegra FXT online buy Megalis online Tadalafil order Penegra online buy Viagra Professional 100 mg buy Cialis Professional 20 mg Buy Red Viagra Online No Prescription Buy Generic Revatio online Buy Silagra Online purchase Generic Sildalis online order Generic Silvitra online buy Viagra Soft 100 mg online buy Cialis soft 20 mg online buy Generic Stendra online Avanafil Buy Suhagra Online Without Prescription buy Viagra Super Active 100 mg buy cialis Super Active 100 mg buy Super Avana online buy super ed trial pack online buy hard on drugs online order Super Kamagra online purchase Super P-Force online buy viagra cialis levitra online Buy Tadacip No Prescription Buy Tadalis Sx Online buy Tadapox online order Tadora online order Generic Viagra Online buy buy Generic Viagra Caps online order viagra flavored online buy Viagra Gold Vigour Buy Generic Viagra Jelly Online buy generic viagra 100mg buy Viagra Super Active 100 mg buy Viagra Professional 100 mg Buy Generic Viagra Professional Online Buy Viagra soft Online buy viagra strong pack buy viagra 150 mg online order Generic Viagra Super Active online Buy Vigora Online Without Prescription buy female cialis viagra buy female cialis viagra Buy Zenegra Online
order cialis 5 mg \ discount generic viagra pills online \ cialis 10mg canada pharmacy \ purchase viagra 100 mg \ http://orderedtabs247.com/generic-viagra-online-without-prescription.php \ cialis pharmacy \ viagra soft tabs online pharmacy \ online levitra without prescription \ soft tab viagra \ purchase viagra 25 mg \ levitra brand