February 9, 2013; Sacramento, CA, USA; Sacramento Kings fans hold up signs against the Maloof

NBA Has Examined Kings Sale, Sacramento to Present Counter-Offer Soon

The final showdown for the right to keep the Sacramento Kings in town may happen soon.

A local Seattle TV station is reporting that the NBA has vetted the pending sale of the Kings to a Seattle-based investment group led by Chris Hansen, and are free to approve it anytime.

However, mayor Kevin Johnson has one shot to present a counter-offer to the NBA Board of Governors and convince them to give his city another chance to keep the Kings.

The committee, however, is looking for the city to hurry up.

“I’m under the assumption that the joint committee may want to hear from us sooner,” Johnson said. “We’re going to have all the agreements and all the actions and all the documents squared by March 1, as well as if there’s an opportunity to present to the joint committee prior to mid-April, then I feel very confident. We’re going to have all our ducks in order. We’re going to be ready before mid-April if that’s what it takes.”

The Maloofs agreed to sell their share of the Kings to the Seattle group last month for $341 million, but many roadblocks have prevented the sale from becoming official.

 

 

Tags: NBA Sacramento Kings Seattle

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