The Future of the Sacramento Kings: The Clock Ticks Down

 

 
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On-going coverage of news regarding the ownership and residence of the NBA franchise currently known as the Sacramento Kings.
 
Update: May 16, 2013: A preliminary agreement has been reached for the Maloof family to sell the Kings to a Sacramento group led by Vivek Ranadive. 
 
Update: May 15, 2013: NBA Board of Governors voted 22-8 to deny relocation of the Kings to Seattle. 
 
Update: April 29, 2013: The relocation committee of the NBA Board of Governors voted unanimously to deny the relocation of the Sacramento Kings to Seattle.
 

Latest News

  • Sacramento Celebrates Kings Sale

    Friday, May 17, 2013

    The Maloof family has agreed to sell its majority shares of the Sacramento Kings. The agreement also means the new owners and the City of Sacramento will continue with their plans to build a downtown arena.

  • Yes, Here They'll Stay: NBA Owners Reject Kings Relocation

    Thursday, May 16, 2013

    After meeting for hours, NBA owners gave a resounding “no” to the bid to move the Sacramento Kings to Seattle. But it’s still unclear if the team will be sold to the local investor group that’s promised to build a new downtown basketball arena.

 
More stories
 

Capital Public Radio News Reports

  • Mayor: This Deal is Done

    Thursday, May 16, 2013

    But, the papers have not been signed. Fourteen months ago, the mayor said much the same thing.

  • NBA Owners Say No To Relocation Bid But Kings Story Is Not Over

    Wednesday, May 15, 2013

    The Sacramento Kings aren’t moving anywhere. N-B-A owners overwhelmingly rejected an effort by the team’s current owners and a Seattle investor group to relocate the team to the Pacific Northwest. But this story isn’t over yet.

  • Future of Arena Tied To Maloof Decision To Sell... Or Not

    Wednesday, May 15, 2013

    The decision by the NBA Board of Governors to keep the Sacramento Kings from relocating means work on a downtown arena project in Sacramento will continue. But the project can’t move at full speed until the team is sold to a Sacramento group.

  • Here They Celebrate (SLIDESHOW)

    Wednesday, May 15, 2013

    Kings fans gather in downtown Sacramento to celebrate the NBA's announcement the Kings will not be allowed to relocate to Seattle. Fans are hopeful the Kings owners will actually sell to a Sacramento group of investors.

  • Seattle Relocation of NBA Kings Denied

    Wednesday, May 15, 2013

    The Sacramento Kings are staying home. NBA Commissioner David Stern said today the league Board of Governors voted 22-8 to deny the relocation of the Sacramento Kings franchise to Seattle. Updated 4:59 p.m.

  • As it Happens: NBA Votes on Future of Kings

    Wednesday, May 15, 2013

    The NBA Board of Governors met in a Dallas hotel to vote on the potential relocation of the Sacramento Kings to Seattle. Twitter was abuzz with news updates and fan reaction. This feature will be updated as the story unfolds. (Refresh browser often.)

  • Here They Vote: Decision Day for NBA Owners

    Wednesday, May 15, 2013

    This could finally be the day basketball fans in Sacramento and Seattle learn whether they’ll have a team in town next year. NBA owners have begun meeting in Dallas and they’re expected to vote on whether to allow the Kings to move.

Mayor Johnson: Maloofs Kept Sacramento's Hopes Alive
Tue, May 14, 2013

On what could be the final day of the battle between Sacramento and Seattle over the Sacramento Kings franchise, Sacramento Mayor Kevin Johnson says the city won't lose its team even though Seattle's bid is higher.


Kings "Unusual" Ownership Vote Nears
Mon, May 13, 2013

NBA owners are expected to vote Wednesday on whether the Sacramento Kings will play next year in Seattle or stay right where they are. That vote appears to be unprecedented among major sports leagues.


Report: Maloofs Have Backup Plan to Take Seattle Money But Retain Control of Kings
Sat, May 11, 2013

ESPN.com reports the team's majority owners have agreed to sell 20 percent of the team for $125 million. The agreement would be a backup plan should the other owners fail to approve a Seattle group's bid to buy control of the team and move it.


Seattle Investors Pour More Money Into Bid For Kings
Fri, May 10, 2013

A group of Seattle investors has increased its assessment of the value of the National Basketball Association’s Sacramento franchise by $75 million.


Sacramento Mayor Tells Seattle Investors It Would Be Better For Them If They Forgot About The Kings
Tue, May 07, 2013

Sacramento Mayor Kevin Johnson says if he were leading the Seattle group trying to move the Sacramento Kings, he’d give up.


Report: Sacramento Investors Agree to Less NBA Revenue Sharing
Mon, May 06, 2013

A group of Sacramento investors would take significantly less in revenue sharing money from the National Basketball Association -if the league agrees to allow the group to purchase the Sacramento Kings, according to a story published today.


Whales Put Half of Their Bid For Kings in Escrow
Fri, May 03, 2013

As much as $170.5 million is in a special account to be used if a Seattle bid is denied and a Sacramento bid for the Kings is accepted. The deposit was expected and comes the day after NBA officials visited Sacramento.


NBA In Sacramento For Meetings
Thu, May 02, 2013

The officials in town are here to talk arena sites, but other talks are also underway regarding a sale of the Sacramento Kings to the investors who want to keep the team in Sacramento.


Next NBA Commish Says Kings Fans More Impressive Than Seattle's Corporations
Wed, May 01, 2013

Seattle’s inability to keep its former NBA team and Sacramento’s fan support for the Kings are two big reasons an NBA committee recommended against moving the Sacramento Kings.


Seattle Investors Say The Game Isn't Over
Tue, Apr 30, 2013

Sacramento celebrated. Seattle hung its head in disappointment. But, Seattle native and lead investor Chris Hansen says they shouldn't give up.


Slideshow: Kings Fans Celebrate NBA Committee Vote
Tue, Apr 30, 2013

Sacramento Kings fans joined Mayor Kevin Johnson at a downtown press briefing and rally to celebrate the NBA relocation committee's recommendation against moving the team to Seattle. Johnson was cautious, saying this is just one step in the process.


Kings Fans Rally in Downtown Sacramento
Tue, Apr 30, 2013

Kings fans are up after the National Basketball Association’s relocation committee gave a thumbs down to Seattle's bid for the team. And both cities have been given a date when a final decision on the team might be made.


NBA Committee Says Kings Should Not Relocate
Mon, Apr 29, 2013

It appears the Sacramento Kings will play at least one more year in Sacramento. A special committee of NBA owners has recommended against relocation of the Sacramento franchise to Seattle. Updated 5:50 p.m.


Final NBA Vote on Kings Likely May 13
Fri, Apr 26, 2013

Commissioner Stern says one city will be unhappy with the final outcome, but it seems possible both Sacramento and Seattle could come away unhappy.


NBA Committee To Meet Monday On Kings Future
Thu, Apr 25, 2013

The timeline for a decision from the NBA is a little clearer.


CEQA Reform 'On Point' to Address NBA Concerns Over Sac Kings Bid
Wed, Apr 24, 2013

California Senate leader Darrell Steinberg has released the specific details of a bill that he says would help Sacramento build a downtown arena more quickly.


Sacramento Downtown Arena Drawing Released
Wed, Apr 24, 2013

What might a new arena in downtown Sacramento look like? See for yourself, as a set of drawings by AECOM and the City of Sacramento are now available.


Legal Expert: Sacramento Improvising to Complete Offer
Fri, Apr 19, 2013

Although the commissioner of the National Basketball Association says there is nothing wrong with the Sacramento offer for the Kings, the commissioner also says the offer is incomplete.


Maloof Letter Provides Details of Competing Bids
Fri, Apr 19, 2013

The Maloof family's letter to the National Basketball Association’s finance and relocation committees urges the owners to support Seattle’s bid for the Sacramento Kings’ franchise.


Stern: Nothing Wrong with Sacramento's Offer
Fri, Apr 19, 2013

During his 30-minute press conference today from New York, NBA Commissioner fielded a variety of questions regarding the fate of the Sacramento Kings. Competing purchase offers from Sacramento and Seattle groups were "in the ballpark," he said.


 
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