Wednesday, February 6, 2013

Stern Says Seattle Group Files For Kings Relocation

((HT: KING-TV))

The date for filing NBA relocations is March 1...

The group interested in moving the Sacramento Kings to Seattle (aka the Ballmer/Hansen group) once they buy the franchise has gotten one of those conditional okay-dokeys from Commissioner David Stern.

Stern was speaking before the Minnesota-San Antonio game and let the assembled media in on something we all knew- just didn't officially know...

Hansen/Ballmer has agreed to pick up 65-percent of the Kings from the Maloof brothers for US$340-million. It would take two separate committees for the sale and relocation- the sale is a simple majority of the Board of Governors while the relocation is a three-fourths approval.

Here's a good reason as to why the NBA owners could approve the move...
A lot of zeroes...

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