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NBA committee deciding Kings’ fate to meet Monday

- Associated Press - Thursday, April 25, 2013

SACRAMENTO, CALIF. (AP) - The NBA committee deciding whether the Sacramento Kings should be sold and relocated to Seattle will hold a meeting via conference call Monday.

An NBA spokesman confirmed Thursday that the committee, consisting of 12 league owners, will convene on a call instead of in person. Whenever the committee issues a recommendation, NBA owners will have at least seven business days to review the report before a vote can take place.

The Maloof family has had an agreement since January to sell a 65 percent controlling interest in the Kings to a Seattle group led by hedge-fund manager Chris Hansen. Sacramento Mayor Kevin Johnson has helped put together a competing counteroffer complete with a new arena plan and an ownership group headed by software tycoon Vivek Ranadive.

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