The situation surrounding the Sacramento Kings and their potential sale to a Seattle group remains extremely flexible and fluid. Nothing is concrete yet, despite multiple reports of a deal being close.
Steps have to be taken, boxes have to be checked. One thing that's been accomplished, according to Yahoo Sports, is a preliminary conference call to the NBA's relocation committee to outline the proposed "deal points" of a potential sale.
The call detailed what NBA officials described as "a non-binding set of deal points" on a $525 million sale of majority ownership to the Chris Hansen-Steve Ballmer group, sources said.
Discussions have continued in the past week to push the purchase to toward completion and ultimately clear the way for the franchise to move to Seattle, sources told Yahoo! Sports.
The call took place on Tuesday – one day before Yahoo! Sports reported the finalizing of a deal – and informed several league owners that the Hansen-Ballmer Seattle group would purchase 65 percent of the Kings, sources said. The league office told members of the relocation committee that the non-binding agreement would constitute 53 percent of the franchise owned by the Maloof family and an additional 12 percent from minority owner Bob Hernreich.
Report: 'Deal points' of Kings sale revealed to relocation committee
CBSSports.com | Jan 14