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Sacramento Kings sale: News, reaction and more

Vivek Ranadive has purchased the Sacramento Kings.

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222 Total Updates since January 9, 2013
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Sale of Kings is Final

The Maloof Family closed escrow on a deal to sell the Kings to Vivek Ranadivé today. The deal is based on an NBA record franchise valuation of $534 million.

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Sale of Kings Officially Approved

Let the new era begin!

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Letter to Vivek from Here We Stay

Embarking on the new era of the Sacramento Kings together.

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Sacramento decision cost Maloofs ... $4 million

There was a clause in the Maloofs' deal with Chris Hansen that made the two payouts to the family similar.

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Press conference open thread

KJ has called a 10 a.m. press conference.

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Thank you, Chris Hansen and the Maloofs

Sacramento's dawn wouldn't have happened without a spark.

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We win as a team

This story is one of a city coming together to fight for itself.

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Sold!

The Sacramento Bee has broken the news that the Maloofs have agreed to sell their majority share of the team to the Sacramento group led by Vivek Ranadivé for $535 million. The official announcement will come tomorrow.

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Vivek, Maloofs reportedly working on deal

The next owner of the Sacramento Kings expects to reach a deal in the next few days. Lawyers for the two sides exchanged documents on Wednesday.

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NBA Officially Votes Down Relocation

The threat of the Kings leaving for Seattle is seemingly over as the NBA Board of Governors voted down the proposed relocation to Seattle by a 22 to 8 margin.

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Wednesday open thread

How we hope this is the final BOG open thread we ever need.

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Showing Hansen and Ballmer the light

Are Hansen and Ballmer seeing the light of the Maloofian sun?

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George Maloof and the NIMBYs

George Maloof gives one of his longest interviews in the past year to Bryan May, and two anti-arena groups reveal their plans to try to stop the development of a downtown Entertainment and Sports Complex.

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Hansen-Ballmer Bid Dissolves if Relocation Denied

The Bee's Ryan Lillis went on the Carmichael Dave Show today and introduced a fascinating bit of news, straight from an NBA memo...

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Ballmer's rampage

Ballmer has slowly taken control of Seattle's messaging and strategy, according to Aaron Bruski. That's probably not good for anyone.

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Relocation Committee Stands Firm

Despite recent efforts by the Hansen-Ballmer group to sweeten their offer, the NBA's relocation committee stood by their original recommendation to keep the Kings in Sacramento.

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Maloofs may still take Ranadive deal

If the NBA rejects Seattle's pleas, the Maloofs have not ruled out selling the Kings to Vivek Ranadive.

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Report: Maloofs Won't Sell to Vivek, Have Plan B

A day after the Seattle group led by Chris Hansen raised their bid in a last second attempt to change the NBA's mind on approving the sale, the Maloofs reportedly play their own cards.

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Imagining bigger NBA team value gains

The argument is that the Kings going for a higher price raises all boats in the NBA. But there's a different consideration to make for some owners.

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Hansen Raises Bid to $625 Million

The Seattle Group makes a big play leading up to the Board of Governors Meeting on May 15th.

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Heat owner explains Sacramento vote

Micky Arison, the owner of the Heat and CEO of Carnival Cruises, engaged with a Seattle fan through Twitter Direct Messages, apparently. And Arison defended his vote in favor of keeping the Kings in Sacramento.

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Sac Group Asked to Deposit 100%

The Sacramento Bee is reporting that the Sacramento group led by Vivek Ranadivé is being encouraged by the NBA to place the full $341 million into escrow in order to persuade the Maloof family to sign a deal with them.

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5 on finance committee voted against Seattle

Some in Seattle are trumping up the fact that while the relocation committee voted 7-0 to reject a Kings move, the NBA finance committee did not vote on Chris Hansen's purchase. But there's a twist.

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Sacramento Group Offers Concessions to NBA

A new report by the Sports Business Journals details the substantial lengths the potential Sacramento Kings ownership group has gone to in order to prevent the Kings from moving to Seattle.

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Vivek & Co make 50% deposit

As was expected based on reports earlier this week, Vivek Ranadivé and his partners have put 50% of the purchase price of the Kings into escrow, according to The Bee's Dale Kasler.

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Fighting an arena plan would be expensive

One of the lingering threats to the Sacramento arena plan is that of a voter referendum. It's an expensive proposition for opponents.

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Hansen called on Wolves, too

An interesting note on Hansen's movements.

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Hansen quotes Ali, vows to take fight to BOG

Chris Hansen and pals intend to press their case to the full NBA Board of Governors.

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Seattle lawsuit unlikely

David Aldridge of NBA.com reports that legal action from Chris Hansen has never been on the table.

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Official vote coming May 15

David Stern said on Monday that the NBA Board of Governors will get together in two weeks to formally vote on the future of the Sacramento Kings.

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Team Vivek to put 50% in escrow

The NBA relocation committee voted to reject the application to move the Kings to Seattle. Now how does the NBA extract the Maloofs from the league and get the franchise into the hands of Vivek Ranadive?

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HERE WE STAYED

After months of worry and angst, the saga is coming to an end as owners reject relocation once more.

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Goodbye to all this

If the NBA relocation/finance supercommittee makes a recommendation on the fate of the Sacramento Kings on Monday, we should know. And chances are it will determine where the Kings will play next season.

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If we win ...

Just because the NBA rejects Seattle doesn't mean a deal with Sacramento is necessarily done.

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Recommendation Coming Monday

The fate of the Sacramento Kings could very well be decided by 12 owners on a conference call on Monday.

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Seattle rejecting expansion solution?

A Northern California sports talk radio host reports via sources that expansion is on the table.

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Kings staff told to 'hang tight'

Ailene Voisin reports, among other things, that staff for the Sacramento Kings have been told to plan for season tickets and promotions while the fate of the franchise is decided.

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Why they try to tear us down

Kevin Johnson does not represent or advocate on behalf of Seattle. He owes them literally nothing. So please stop suggesting otherwise.

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When bad news happens

In which we take exception to accusations of not reporting bad news.

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Owner calls Kings' fate 50-50

Ken Berger talked to unnamed owners about the fate of the Sacramento Kings. One calls it a 50-50 proposition.

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The Maloofs' impotence on display

The Maloofs' war on good PR continues.

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Little Clarity on Kings Future After BoG Meetings

The two day Board of Governors meetings concluded today and while the Sacramento Kings were a topic of discussion, an answer on the future of the Kings still appears to be a while away. Also, despite a letter by the Maloofs urging NBA approval of their deal with Seattle, it was reiterated that this is in the NBA's hands now.

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Paul Allen flirts with voting against Seattle

The Seattle native makes a strong case for keeping the team in Sacramento.

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NBA Decision on Kings Still Weeks Away

The NBA super-committee in charge of deciding whether or not the Sacramento Kings should be sold and relocated to Seattle or not held a meeting today before the end of season Board of Governor's meetings. Both Peter Holt and David Stern said after the meeting that a vote was not close.

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NBA's vote delay is simply procedural

Don't panic! The NBA delayed its vote on the Kings' future ... because of procedure outlined in its bylaws.

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Possible reasons for the delay

We're all going to read into the NBA's announcement a vote on the future of the Kings won't be held this week based on what our psyches want or fear. So let's just put it all out there.

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Sacramento Adds Two More Investors for Kings Bid

The Sacramento Bee reports that two more investors have joined Sacramento's group: Naren Gupta and Andy Miller. The Bee also details Vivek Ranadivé's plans to make the Sacramento Kings a global brand.

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What we don't know

I would venture to say that what happens this week is a complete and total mystery.

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Hansen's motive: anxiety

Chris Hansen upped his bid for the Kings. Sacramento didn't flinch.

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What more must Sacramento do?

Has a city ever had to do as much as Sacramento is being asked to keep an NBA team?

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Seattle Group Increases Bid for Kings

The Bee's Tony Bizjak reports that the Hansen-Ballmer is contemplating increasing their bid for the Sacramento Kings by $25 million after the Sacramento group led by Vivek Ranadivé indicated they would match Seattle's offer. Chris Hansen later confirms he has increased the bid.

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Former Facebook Exec Chris Kelly Joins Sac Group

The Sacramento Bee reports that former Facebook executive Chris Kelly has joined Sacramento's group. Mayor Johnson, Vivek Ranadive and Kelly himself all confirmed the report on Twitter.

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Maloofs would accept Sac offer, want MLB/NHL team

Ailene Voisin has another bombshell: the Maloofs want the Kings issue resolved so they can buy a National Hockey League or Major League Baseball team.

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Report: Sacramento Expected to Match Seattle's Bid

In his latest piece for USA Today, Sam Amick writes that Sacramento is expected to fully match Seattle's offer for the Kings. He also sheds some light on why the Maloof Family has set a deadline and whether or not Seattle can up their bid should Sacramento match.

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NBA asks Sacramento to make Hansen whole

Sports Business Daily reports that the NBA has requested Vivek Ranadivé's group to refund the $30 million down payment made by Chris Hansen's group if the Kings stay in Sacramento.

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Report: Stern is on Sacramento's side

Chris Daniels reports that Sacramento and Seattle each have proponents at the league, and that the final showdown has pitted David Stern against NBA owners.

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Maloofs Give Sacramento Group Deadline for Bid

The Bee's Tony Bizjak reports that the Maloof Family is giving Sacramento a deadline of 5 P.M. on Friday to submit an offer that is equal to Seattle's in order to be considered should the NBA deny their sale to Seattle.

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Report: Sacramento has Matched Seattle Offer?

In the first definitive statement about Sacramento's counter-bid to keep the Kings, CA State Sen. Darrell Steinberg says that Sacramento has matched Seattle's offer dollar-for-dollar. However, he later backtracked saying it was merely "fully competitive".

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Local Developer Mark Friedman Joins Kings Bid

Following yesterday's departure of Ron Burkle, local developer Mark Friedman has joined Sacramento's bid to keep the Kings and build a new arena in downtown Sacramento. Friedman calls his commitment "substantial".

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Report: Decision coming April 18-19

The Board of Governors may vote on the sale and relocation of the Kings at its meeting next week after all.

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Exit Burkle, enter the Jacobses

Monday was a weird day as Ron Burkle stepped aside in Sacramento's bid to keep the Kings. Then the Jacobs family stepped up. Like I said, weird day.

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Burkle out of Sac's Group, Will Help "Indirectly"

A report today indicates that Ron Burkle has decided to focus solely on development around arena while another report indicates that the Sacramento group is planning to be much less leveraged than Seattle.

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County contribution not in jeopardy

While the Sacramento County Board of Supervisors has not formally approved its contribution to the downtown arena, a report suggests it won't be a problem.

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Notes from a native son

On what it means to say "I'm from Sacramento."

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Sacramento & Seattle Arena Deals Come to Forefront

Delegations from both Seattle and Sacramento made presentations to the NBA today in New York. Little was revealed in the press conferences afterwards, but it's clear that the central issue has now become both cities arena deals.

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Committee meeting open thread

Talk about any ongoing reports from the NBA committee meeting here. The meeting begins at 6:30 a.m. PT.

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Lucchetti matches Hansen bid on 7 percent

Bob Cook's 7 percent stake in the Kings tied up in bankruptcy court will remain in Sacramento's hands.

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NBA meeting begins at 6:30 a.m. PT

We've gotten a few details about the Wednesday meeting of the NBA Board of Governors' supercommittee meeting.

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Sacramento will have that 7% stake

In a rollicking piece on the Kings fight, CBS Sports' Ken Berger reports that current minority owners will match Chris Hansen's bid for Bob Cook's 7 percent of the team.

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It's now or never for Sacramento, not Seattle

Should the NBA approve the sale and relocation of the Kings, it will likely be the final chapter of professional basketball in California's capital. The same would not be true for Seattle should the Kings stay.

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The case of the broken chair

The L.A. Times' George Skelton is one of the deans of the Capitol bureau. He had a partial season ticket to the Kings ... until the arena fell into disrepair. Thanks, Maloofs!

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Meet the supercommittee

Meet the members of the supercommittee that could very well decide the fate of the Sacramento Kings this week.

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The importance of India

How important is Vivek Ranadivé's Indian heritage and desire to expand the sport there?

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Do Sacramentans actually oppose the deal?

There is a brewing sentiment that Sacramentans actually oppose arena subsidies. It's unsubstantiated.

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Corporate Sponsors and Season Ticket Push Unveiled

In preparation of the city's April 3rd presentation to the NBA, Mayor Kevin Johnson has unveiled his list of Corporate Sponsors who he says have pledged $50 million over five years. The Mayor also has set a goal of trying to get 10,000 season ticket pledges via HereWeBuy.org.

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Hansen buys Cook's 7% share of Kings

News10's Nick Monacelli reports that Bob Cook's bankruptcy lawyers have wrapped up negotiations with Seattle's Chris Hansen to sell his 7% of the team for $15.1 million.

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Sacramento chooses progress ... again

Tuesday was a historic night in Sacramento, and not just because Sacramento's City Council voted 7-2 in favor of the proposed arena term sheet. And, it wasn't just because Sacramento's City Council voted overwhelmingly in favor of progress. And, not just because Sacramento's City Council took a giant step towards becoming a world class city. Tuesday was a historic night in Sacramento, because they did all of those things…AGAIN.

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Stein: Sacramento 'gaining momentum'

ESPN's Marc Stein reports that Sacramento's bid to keep the Kings is gaining momentum.

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City Council Approves Arena Term Sheet

The Sacramento City Council voted today in favor of approving a term sheet for a new downtown arena. Council members McCarty and Fong were the only no votes.

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Paul Jacobs joins Ranadivé-Mastrov-Burkle group

Following the news of Vivek Ranadivé joining Sacramento's investor's group, Paul Jacobs, the CEO of San Diego based Qualcomm, has joined the bid to keep the Kings in Sacramento.

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Open letter to Steve Hansen

Steve Hansen represents downtown on the City Council. There are so many reasons for him to support this deal.

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Here We Buy Night 2 is here!

The Sacramento Kings take on the Philadelphia 76ers Sunday at 6 p.m. Be there and BE LOUD.

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Focus on Sacramento, not Seattle

The best way to help Sacramento right now is to focus on Sacramento.

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How the 2013 deal is better

A quick comparison of the two deals to build a new entertainment and sports complex in downtown Sacramento.

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We Have A Term Sheet

Mayor Kevin Johnson tweeted today that an agreement has been reached between the city of Sacramento and the Burkle/Mastrov/Ranadivé group on an arena term sheet. The arena will cost $448 million with the city putting in $258 million and the private investors contribution $190 million.

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Arena naysayers are basically invisible

There is a real lack of opposition to the Sacramento Kings arena plan.

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VIVEK

More on Vivek Ranadivé, possibly the future Greatest Owner of All Time.

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Sooner is better; later isn't doom

It's disappointing that the term sheet wasn't released on Thursday. But it's not that big a deal so long as it gets done fairly soon.

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Vivek Ranadivé Joins Mastrov-Burkle Group

Sacramento has landed another proverbial whale as Golden State Warriors minority owner Vivek Ranadivé has agreed to join forces with Mark Mastrov and Ron Burkle in a bid to buy the Sacramento Kings.

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The sprint is on

The next six days are going to be an epic sprint for Sacramento Kings fans.

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'Playing to Win Tour' launches

Friend of StR Carmichael Dave is undertaking a massive, slick project.

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On optimism and pessimism

You can be optimistic about Sacramento chances to keep the Kings. You can be pessimistic. It's okay.

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Leave your scorecard at home

This is not the NCAA Tournament selection process or a boxing match. The NBA Board of Governors is not going to decide between saving the Sacramento Kings and reintroducing the Seattle SuperSonics based on points.

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3 public workshops on term sheet scheduled

The city will (hopefully) unveil its term sheet with Mark Mastrov and Ron Burkle on Thursday, then hold three public workshops on the plan before the City Council votes on March 26.

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Kehriotis plan 'very close' to materializing

John Kehriotis, who intends to buy the Kings and build an arena in Natomas at no or low cost to the public, says he's still working on his bid.

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Arena plan scheduled to be released March 21

City manager John Shirey updated the Sacramento City Council on Kings arena progress on Tuesday.

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City seeks arena input

The city of Sacramento is looking for fan input on design of the proposed new downtown arena.

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Arena term sheet to Council by April 2?

According to The Bee, Sacramento city officials expect to bring the term sheet with Ron Burkle on a new downtown arena back to the Council in early April.

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Mark Mastrov as Kings owner

If Mark Mastrov's bid to buy the Sacramento Kings is successful, what will he bring to the franchise as owner?

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Believing in Sacramento

Sacramentans have always believed in their city and its people. The reckoning comes when the rest of the world comes to terms with what this city truly can become.

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Burkle spoke with Stern on Thursday

The man who will lead the way on developing a new arena in downtown Sacramento spoke with the NBA commissioner just before the mayor's speech.

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Burkle to be involved in Kings' bid as well

Reports following Kevin Johnson's State of the City address said that while Ron Burkle is taking the lead on the arena project, he will also contribute to the bid for the team.

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Mayor Announces Mastrov and Burkle as Partners

The Mayor revealed his "whales" today as Mark Mastrov and Ron Burkle. He also said an arena would be built at the Downtown Plaza site and that the Sacramento corporate community has pledged over $50 million in sponsorships at a new arena.

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State of the City open thread

We're on Whale Watch.

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Whales will reportedly be announced Thursday

The investors lined up in a bid to keep the Kings in Sacramento will reportedly be announced on Thursday.

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Kehriotis' plan: back-up or Trojan horse?

The Bee wrote on John Kehriotis' offer to buy the Kings, which is being framed as a back-up in case Seattle falls through.

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Optimistic report on KJ's case

A new report from David Baumann of SportsTalk Florida offers information from a league source that says the Kings future in Sacramento is now "Sacramento's to lose". The source also says that KJ's bid is in the ballpark of $580 million and that Chris Hansen did NOT deliver the $30 million down payment to the Maloofs.

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City can officially negotiate arena term sheet

The Sacramento City Council on Tuesday approved preliminary negotiations with potential investors looking to buy the Kings and build an arena downtown.

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City Report Provides Some Details on Arena Effort

In preparation for Tuesday's City Council meeting in which the Council will be asked to authorize formal negotiations with an investment partner for a new arena, the City Manager's office has released a staff report detailing the process.

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Formal Arena Negotiations Could Begin Soon

The Bee reports that City Manager John Shirey will ask for approval from City Council on Tuesday to begin formal negotiations on a new Downtown Arena with a large equity investment group.

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Judge dismisses first Seattle arena lawsuit

A union lawsuit against the city of Seattle and King County was thrown out on Friday because a judge was convinced there is not technically an arena deal in place in the Emerald City.

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Council gives KJ's efforts a thumbs up

Tuesday's vote was largely symbolic, but it shows that support for a public subsidy for a new downtown arena is still there.

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No, Sacramento is not too broke to do this deal

Seattle TV reporter asked for feedback on a Sacramento Press article on the city's debt. This is that feedback.

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Why I won't begrudge Seattle if the Kings move

Seattle could very well win the battle over the Sacramento Kings. I hope they don't, but I won't be angry at the city's fans if it happens.

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KJ makes Sacramento's case again

Kevin Johnson held a press conference Saturday night. He continued to press that Sacramento has a strong case and said he doesn't believe NBA owners want any team to move if it can be avoided.

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Stern: Sacramento's case 'plausible'

David Stern commented on the Kings' situation during his press conference on All-Star Saturday. There wasn't much if anything new ... but some positive commentary.

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KJ update: there is no update

Kevin Johnson met with multiple unnamed NBA executives on Friday. Talks are called positive. We know little else.

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Stern: 'Very difficult' decision ahead

The tea leaf reading has commenced. After saying that expansion won't be the solution in the Sacramento-Seattle, David Stern told reporters it will be a "very difficult" decision for the Board of Governors if Sacramento produces an offer.

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Stern: Idea of leaving Sacto not a good one

David Stern made some interesting comments to reporters Thursday, including comments on Sacramento, Seattle, and expansion.

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Stern gave Sacramento a huge win on Wednesday

David Stern came out and confirmed how the NBA Board of Governors will determine whether to approve the sale and relocation of the Kings. And it gives Sacramento the best chance possible.

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Hansen-Ballmer Officially File for Relocation

In a completely expected move, the Hansen-Ballmer group that has a pending sale agreement for the Sacramento Kings has officially filed for relocation to Seattle.

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Maloofs talked to Vegas group in May

A land deal in Henderson, Nev., has imploded. Court documents show that the Maloofs -- who were negotiating a move or sale of the team to the Las Vegas suburb -- may be the reason.

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Council gets update on Kings bid, fans turn out

The Sacramento City Council discussed progress on developing a pitch to keep the Kings in town at its Tuesday meeting.

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'Right of first refusal' looks pretty real

Aaron Bruski and James Ham release language from two controlling documents in the Sacramento Kings partnership. Doubts about the right of first refusal for minority owners are all but erased.

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#HereWeBuy Night: This is it

The fight is nearly over. Let's finish strong.

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City looking at Downtown Plaza

The city manager has rehired an arena consultant and begun work to prepare a feasibility study on a new Kings arena at the Downtown Plaza site.

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Meet the NBA finance committee

The committee that will review the sale of the Sacramento Kings to Chris Hansen includes 10 NBA owners. Four are from small markets.

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Bankruptcy trustee prepping suit against Maloofs?

The trustee handling Bob Cook's bankruptcy, which includes a 7 percent stake in the Sacramento Kings, has asked a judge to expand the contract law firm working on behalf of him to include potential claims related to the proposed sale of the team.

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Committee will review Sac bid before April

The Bee reports that the NBA finance committee will begin vetting the Sacramento plan to keep the Kings before Kevin Johnson's April presentation.

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Can legal delays really save Sacramento?

Tuesday brought potential delays in the bankruptcy case of Bob Cook's 7 percent of the Sacramento Kings franchise. That could be a blessing ... or not.

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$77 million loan payoff in question

If the sale of the Kings is consummated and the team moves to Seattle, there are concerns that Chris Hansen will default on the $64 million loan to the city and simply forfeit a stake in the team and Sleep Train Arena.

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Burkle Meets with Stern in NYC

USA Today's Sam Amick reports that prospective Kings equity partner Ron Burkle met Thursday with NBA Commissioner David Stern. Burkle has been widely reported to have interest in the Kings since 2011.

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More on the 'right to match'

A sports law expert has seen a minority partner's contract with the Maloofs and confirms that there is a "right to match" clause. Anyone know a lawyer?

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Mayor Johnson to Meet with Larry Ellison

The Sacramento Bee reports that Bob Cook, former minority owner of the Kings, has brokered a meeting for Mayor Kevin Johnson with Larry Ellison, the third richest man in the United States.

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Minority Owners Have Right to Match Seattle Offer?

The Sacramento Bee reports on a possible snag in the deal between the Maloof Family and the Hansen-Ballmer group. A Bankruptcy Attorney overseeing Robert Cook's 7% share claims that a first right of refusal exists in the partnership agreement.

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Fans in Sacramento care? Quel horreur

A number of writers from outside of Sacramento have Hot Sports Takes on the fate of our Kings. Line 'em up, Charlie.

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City needs to get the Kings sale agreement ... now

The city doesn't have a copy of Chris Hansen's Kings purchase agreement. They should.

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Mayor to Provide Update on Whales at 2 PM

A day after revealing 19 local investors, Mayor Johnson has called another press conference, this time to discuss the "whale".

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Comparing Sacramento, Seattle attendance

Someone put together a great video illustration of Sacramento's attendance vs Seattle's year over year from 1985 to 2008. There are a lot of things you could say about Sacramento, but no one can accuse us of not supporting our team. How do we stack up against the great Emerald City? Check out the video.

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Burkle and Mastrov Joining Forces?

Sam Amick reports that Ron Burkle and Mark Mastrov may join forces as the large equity partners the city of Sacramento has been looking for to finance a bid for the Kings and a new arena.

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Local Investors Pledge $19 million to Save Kings

Mayor Kevin Johnson held a press conference in which he unveiled 19 local investors who would partner with a large equity "whale" to try to keep the Kings in Sacramento. The 19 investors have each pledged $1 million.

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KJ presser at 2 p.m. at City Hall: BE THERE

Mayor Kevin Johnson is holding a press conference at 2 p.m. at Sacramento City Hall. Reportedly on the docket: an announcement of local investors in a potential purchase of the Sacramento Kings.

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C-Webb, The Jet support Sacramento on TNT

TNT discussed the Seattle news Monday night. Chris Webber, Kenny Smith and Shaq all stood by Sacramento.

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The Maloofs are actually pretty savvy businessmen

You guys have it all wrong: the Maloofs are awesome at what they do!

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About that $30 million deposit ...

Chris Hansen put a non-refundable $30 million deposit down on the Sacramento Kings, according to reports. Was that meant to be a chilling factor on further Sacramento efforts to keep the Kings?

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Maloofs release statement

Gavin Maloof has finally spoken about the sale of the Sacramento Kings.

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NBA confirms purchase agreement

The NBA confirms it has received a sale agreement from the Maloofs and Chris Hansen.

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KJ: We're still going to the Board of Governors

After news of the Sacramento Kings sale to the Seattle group broke (again), Kevin Johnson tweeted out words of encouragement.

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Report: Kings sale to Seattle submitted to NBA

Various reports are confirming that the Maloofs have agreed to terms with the Seattle-based Hansen-Ballmer group to sell the Sacramento Kings. Details are still emerging.

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Sac City Council vote shouldn't be problem

One of the items that will likely need to go back up for a vote is Sacramento's involvement in a potential Kings arena deal. There shouldn't be any problems at the City Council.

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KJ will unveil local investors next week

Jeff Dorso of Think Big Sacramento told The Bee that the local investors who will part of the city's pitch to keep the Kings will be unveiled next week.

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An open letter to Seattle Sonics fans

In 2009, five journalists and filmmakers in Seattle got together to make Sonicsgate: Requiem for a Team, a documentary film that told the story of how the SuperSonics left Seattle. In 2013, the producers got together and tried to "New Dad" Sacramento Kings fans. Naw.

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Sacramento still has AEG in its corner

Tim Leiweke, the head of mammoth arena operator AEG, confirms his firm is still engaged on a potential downtown Sacramento arena deal if it will keep the Kings from moving.

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KJ: Sacramento will be allowed to present to BOG

At the State Of Downtown Breakfast, Kevin Johnson addressed the media and the current state of Sacramento's efforts to keep the Kings. The biggest news was the confirmation that Sacramento will be allowed present to the NBA's Board of Governors.

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#HereWeBuy Night: February 9 vs. Jazz

We're going to fill up Sleep Train Arena on February 9, and we need your help. Let's do it for Sacramento.

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Does JMA have Burkle?

Details on a proposed new Sacramento Kings arena on K Street are coming out.

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Strong Indications Maloofs have not closed deal

Scott Howard-Cooper reports that there are strong indications that a handshake deal between the Maloofs and Seattle's group has not happened and further that the Maloofs have not stopped talking to other potential buyers.

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Report: Gavin clearing out Sactown home

Carmichael Dave reports that Gavin Maloof is clearing out his home in Sacramento.

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Another Local Group Emerges, Has Arena Plan

The Sacramento Bee reports that a group that includes the recent buyers of the Downtown Plaza wants to buy the team and build a $400 million arena on the site.

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Maloofs won't fully give up management of team

Ric Bucher (I know, I know) reports that the Maloofs want to retain a management voice in any deal to sell the Kings, and will try to resurrect the Anaheim deal if it doesn't happen.

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KJ Swears He Has a Chance to Save the Kings

In an interview with USA Today, Mayor Kevin Johnson says that he is going to request to speak with the NBA Board of Governors and has rounded up local and outside money for a competitive offer in the $425 to $450 million range.

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Report: Potential Local Kings Buyers Emerge

Ken Berger of CBS Sports reports that Mark Mastrov, the founder of 24-Hour Fitness, is interested in buying the Sacramento Kings and more importantly, keeping them in Sacramento. League sources say he has made a formal offer.

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Report: Maloofs, Hansen haven't spoken in weeks

The Bee reports that the Maloofs and the Seattle group haven't spoken in weeks.

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Gallery: Sacramento speaks out

A small collection of USA Today Sports photos of fan signs from Kings vs. Mavericks.

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Barkley: 'Maloofs have screwed this up royally'

Charles Barkley blasts the Maloofs on Inside The NBA and says that David Stern should force the family to sell the Kings.

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Maloofs want a say in how team is run after sale

The Seattle Times reports that one hang-up in a potential Kings to Seattle deal is the fact that the Maloofs want to have a say in how the team is run.

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We fight now, and we fight later

We will not stop fighting until the Kings are in Sacramento permanently.

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Sleep Train renovation still possible?

What do you know? Greg Van Dusen said he has meetings scheduled with Maloof Sports officials on his plan to renovate Sleep Train Arena without public funds.

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Maloofs' debt: $200 million

Just how much do the Maloofs owe various parties?

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Bee: Reports of sale 'premature'

The Bee is sticking with its reports that the news of the Kings' sale is premature.

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Bee: No Deal Yet, But Talks are Ongoing

The Sacramento Bee reports that while a deal is not finalized yet, both Seattle and the Maloofs are engaged in talks of a possible sale.

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Report: Maloofs Rejected Seattle Offer?

Steven Large of CBS 13 says the Maloofs have rejected Seattle's offer.

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Bruski: Kings to Seattle not a done deal yet

Aaron Bruski reports that the sale of the Sacramento Kings to Seattle may not be a done deal, and that Sacramento bidders could come into play.

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