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NBA committee recommends rejecting Kings move
Here they stay, for now.
In an emotional saga that has dragged on for nearly three years, the NBA’s relocation committee voted unanimously Monday to recommend that owners reject the application for the Sacramento Kings to move to Seattle, the latest _ and by far the strongest _ in a long line of cities that have tried to land the franchise.
Despite the recommendation, investor Chris Hansen pledged to “move forward with the transaction” he signed with the Maloof family to buy and move the franchise anyway. In a post on his Seattle arena website late Monday night, Hansen said he plans to pitch the NBA Board of Governors at its meeting the week of May 13, when league owners will vote on the issue.
“When we started this process everyone thought it was impossible,” Hansen wrote. “While this represents yet another obstacle to achieving our goal, I just wanted to reassure all of you that we have numerous options at our disposal and have absolutely no plans to give up. Impossible is nothing but a state of mind.”
Hours earlier, the feeling was far more festive in California’s capital city.
At a packed pep rally at a downtown restaurant, fans serenaded Johnson with chants of “Sac-ra-mento!” He called the recommendation a “big day for the city of Sacramento” but stopped short of declaring victory.
“We do not want to dance in the end zone. We do not want to celebrate prematurely,” Johnson said.
“I’m speechless. Thanks to all of the amazing people who supported this great effort,” tweeted Ranadive, a minority owner of the Golden State Warriors who could become the first Indian-born majority owner of an NBA team. He would have to sell his share in the Warriors if his group’s bid for the Kings is successful.
“We did it, baby,” said California Senate President Pro Tem Darrell Steinberg. The Sacramento Democrat joined Johnson and Republican state Senator Ted Gaines at the rally in a show of bi-partisan support.
“You should have seen me a few hours ago,” she said. “I totally lost it. First I jumped like a crazy woman for a minute. Then I cried.”
Who will own the Kings next season is still unclear.
The Maloof family reached an agreement in January to sell a 65 percent controlling interest in the team to Hansen’s group at a total franchise valuation of $525 million, topping the NBA-record $450 million that Joe Lacob and Peter Guber bought the Warriors for in 2010. Then Hansen increased his offer to $550 million, which implies buying the 65 percent stake for about $357 million.
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