Decision Day For Future Of Sacramento Kings

(CBS Seattle) — The NBA Board of Governors is meeting in Dallas, Texas Wednesday to vote on whether the Sacramento Kings will be sold and relocated to Seattle.

The NBA relocation and finance committee voted in April to prevent the sale of the Kings from the Maloofs to Seattle investor Chris Hansen. In a conference call Monday, the recommendation remained unchanged.

Hansen upped his offer for the team by $75 million to $625 million earlier this month. An investor in Sacramento has also made an offer to keep the team in that city, but, according to the Sacramento Bee, the offer falls short of what Hansen’s group is offering. The Maloofs reportedly vowed not to sell the Kings to the Sacramento investors, but they are still denying those reports, according to the Bee.

In order to move the Kings to Seattle, the board needs a simple majority. A change in ownership required a three-quarters super majority.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Sacramento Bee contributed to this report.)


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