Thursday, April 18, 2013

DEVELOPING: SacKings Decision A Few Weeks Out


They're in New York City awaiting the decision of the Relocation Committee to figure out whether or not the Sacramento Kings are staying or moving to Seattle...

Here's proof...
Sports Business Daily is reporting that the NBA has asked the Sacramento group to reimburse the Seattle group for their $30 million nonrefundable deposit if the Relocation Committee votes in favor of the home town group. The 5PM Friday deadline set by the Maloof family was now, according to USA Today, "deliberately missed" by the Sacramento group. And the Sacramento group also will not put in a bid for Bob Cook's 7-percent minority stake that is currently held up in bankruptcy proceedings. The Hansen-Ballmer group put in a bid for those shares that could raise their stake to 72-percent of the Kings assets.

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