The Maloof family, owners of the Sacramento Kings, have informed the NBA that they prefer the offer from the folks in Seattle. The Maloofs claims that there is a “significant distance between us and the Sacramento group.” A date for a vote on the Kings’ fate by the League’s board of governors has yet to be determined: “In a letter sent to the NBA’s relocation and finance committee, and obtained by The Associated Press on Friday, the Maloof family said the Sacramento group originally matched the $525 million valuation for the franchise negotiated by Chris Hansen, who is heading the Seattle group. Hansen then increased the valuation offer to $550 million last week. The Maloofs said the Sacramento group has asked not to enter into a binding agreement until the Seattle deal is terminated. The Maloofs said that would be a breach of contract and cost them the ‘leverage to aggressively renegotiate terms in the event the existing agreement is terminated.’ The Maloofs said, under terms of the Hansen deal, they were allowed to enter into binding “back-up” offers until owners approve the agreement, according to the letter