New Development in Possible Kings-to-Seattle Deal - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

NBA

New Development in Possible Kings-to-Seattle Deal

Updated:

As of right now – Tuesday afternoon – the Kings still belong to Sacramento despite investor Chris Hansen's push to buy the NBA franchise from the Maloof family. There is, however, a new development in the ongoing sports saga.

Sacramento Mayor and former NBA star Kevin Johnson told the Associated Press on Tuesday that he has approval from NBA Commissioner David Stern to present a counteroffer to the league from investors who want to keep the team in Sacramento.

Johnson, speaking at a State of Downtown breakfast, gave a six week timetable on the counteroffer, calling it a "six-week sprint" to put a proposal together. The league's deadline for teams to apply for relocation is March 1.

The Associated Press said neither the Kings nor the NBA have a comment.

Yahoo Sports reported Monday that the NBA held a conference call last week with the league's relocation committee to talk about the Kings possibly relocating to Seattle. The source detailed the proposal, saying Microsoft CEO Steve Ballmer would buy 65 percent of the team valued at $525 million. The remaining 35 percent would remain with minority owners.

A report on NBA.com said a deal was just about done, but Hansen wanted to wait until the Seattle Seahawks had their playoff situation settled before making anything official.

  • Pro SportsProMore>>

  • Shock Talk: Project Manager by Day, Kicker by Night

    Shock Talk: Project Manager by Day, Kicker by Night

    Spokane Shock kicker Taylor Rowan joined SWX's Neil Stover in studio for another edition of Shock Talk powered by VPI Home Solutions on Wednesday, April 23.More >>
    Spokane Shock kicker Taylor Rowan joined SWX's Neil Stover in studio for another edition of Shock Talk powered by VPI Home Solutions on Wednesday, April 23.More >>
  • What Does Russell Wilson's Divorce Mean for the Seahawks in 2014

    What Does Russell Wilson's Divorce Mean for the Seahawks in 2014

    After the Seattle Seahawks announced a statement for their Super Bowl-winning quarterback Russell Wilson that he was filing for divorce from his wife, only one question popped into my head. What is going to happen to Danger-Russ on the field? More >>
    After the Seattle Seahawks announced a statement for their Super Bowl-winning quarterback Russell Wilson that he was filing for divorce from his wife, only one question popped into my head. What is going to happen to Danger-Russ on the field? More >>
  • Seattle Avoids an Astros Sweep

    Seattle Avoids an Astros Sweep

    Josh Fields knew he wasn't as sharp as the previous two nights, when he saved games against the Mariners. Kyle Seager noticed, as well, jumping on a first-pitch fastball and ending Houston's hope of sweeping Seattle.More >>
    Josh Fields knew he wasn't as sharp as the previous two nights, when he saved games against the Mariners. Kyle Seager noticed, as well, jumping on a first-pitch fastball and ending Houston's hope of sweeping Seattle.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.