NBA: Sacramento Kings Can't Move to Seattle

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    Photo by Ethan Miller/Getty Images
    (L-R) Brothers George Maloof, Gavin Maloof and Joe Maloof watch a preseason game between the Sacramento Kings and the Los Angeles Lakers at the Thomas & Mack Center October 13, 2010 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)

    The NBA announced Monday that the league's relocation and finance committee has unanimously recommended to deny the relocation of the Sacramento Kings to Seattle, according to Sacramento affliate KCRA.

    In a jubilant tweet, Sacramento Mayor Kevin Johnson wrote: "That's what I'm talking about SACRAMENTO!!!!! WE DID IT!!!!!" (Prior to his career in politics, Johnson was an all-star NBA point guard who played for the Cleveland Cavaliers and Phoenix Suns. )

    The NBA's finance and relocation committees held a conference call Monday to issue a recommendation on the issue.

    A group based in Seattle, led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer, has a deal in place with the Maloof family to purchase the Kings. A Sacramento group, led by Silicon valley tycoon Vivek Ranadive, fitness-chain founder Mark Mastrov and several others, have presented a counteroffer.

    NBA owners meeting in New York earlier this month failed to reach a decision on the Sacramento and Seattle situation.

    A simple majority of the 30 owners is required to relocate a team.  However, a supermajority of 23 owners is required to approve a sale.

    The committees are made up of 12 of the 30 owners of NBA teams. The committee members are:

    Micky Arison, Miami Heat
    Clay Bennett, Oklahoma City Thunder
    Jeanie Buss, Los Angeles Lakers
    Jim Dolan, New York Knicks
    Wyc Grousbeck, Boston Celtics
    Peter Holt, San Antonio Spurs
    Ted Leonsis, Washington Wizards
    Greg Miller, Utah Jazz
    Robert Sarver, Phoenix Suns
    Herb Simon, Indiana Pacers
    Larry Tanenbaum, Toronto Raptors
    Glen Taylor, Minnesota Timberwolves