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.

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.

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.

USAToday's Jeff Zillgitt provided some quotes from David Stern about the Sacramento-Seattle situation today.

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.

News10 got a hold of George Maloof who said that a deal to sell the team to the Hansen/Ballmer group is not close.

Mayor Kevin Johnson held a press conference today amid swirling rumors of the Maloofs selling the Sacramento Kings to the Seattle based Hansen-Ballmer group. Johnson noted that it was a "significant day" and that Sacramento would do its part to come

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.

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

Adrian Wojnarowski reports our greatest fear: The Maloofs are selling to Chris Hansen's Seattle group for a whopping $500 million.