Embarking on the new era of the Sacramento Kings together.
There was a clause in the Maloofs' deal with Chris Hansen that made the two payouts to the family similar.
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.
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.
The Bee's Ryan Lillis went on the Carmichael Dave Show today and introduced a fascinating bit of news, straight from an NBA memo...
Ballmer has slowly taken control of Seattle's messaging and strategy, according to Aaron Bruski. That's probably not good for anyone.
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.
If the NBA rejects Seattle's pleas, the Maloofs have not ruled out selling the Kings to Vivek Ranadive.
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.
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.
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.
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.
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.
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.
As was reported earlier this week, Vivek Ranadivé and his partners have put 50% of the purchase price of the Kings into escrow, according to reports.
It seems all but certain that the Kings will stay in Sacramento, and yet Chris Hansen continues to fight. And while it would be nice for us if he just conceded, I don't blame him at all.