May 2013 Basketball Wiretap

NBA Relocation Committee Unanimously Votes Against Kings' Move To Seattle

Apr 29, 2013 5:05 PM

The NBA's relocation committee has unanimously voted against moving the Sacramento Kings to Seattle.

The Maloofs had entered into a sale agreement with a Seattle-based group led by Chris Hansen and Steve Ballmer.

A full vote is still forthcoming, but the rest of the NBA's owners will likely follow the recommendation.

Seattle lost its NBA franchise to Oklahoma City in 2008.

The Maloofs will now be pressured to sell the franchise to a group led by Vivek Ranadive that will keep the Kings in Sacramento.

Brian Windhorst/ESPN

Tags: Sacramento Kings, NBA, NBA CBA

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Kings' Recommendation From Relocation Committee Expected On Monday

Apr 25, 2013 11:09 AM

The NBA's relocation committee will have a conference call about the Sacramento Kings on Monday, April 29.

A recommendation is expected to be made on that day whether the team should be sold to a group from Seattle or remain in Sacramento.

The earliest day the Board of Governors can vote on the issue is May 8.

The Maloofs have entered into an agreement to sell the Kings to a group led by Chris Hansen and Steve Ballmer.

David Aldridge/NBA.com

Tags: Sacramento Kings, NBA, NBA CBA

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Riley Believes Heat Can Afford To Keep Team Together In Coming Seasons

Apr 19, 2013 4:19 PM

The Miami Heat will have an enormous luxury tax bill in coming seasons if they keep LeBron James, Dwyane Wade and Chris Bosh on near-maximum contracts.

The Heat are $13.4 million over the luxury tax this season and their obligation will increase next season.

Pat Riley was asked on Friday if he believes the Heat will be able to keep the core together.

"It's doable in this tax economy. but I'm going to leave it to Micky [Arison.]"

Ira Winderman/Miami Herald

Tags: Miami Heat, NBA, NBA Signing Rumor, NBA Misc Rumor, NBA CBA

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Maloofs Ask NBA To Approve Sale To Seattle Group

Apr 19, 2013 2:01 PM

The Maloof family has asked its fellow NBA owners to approve the sale of the Sacramento Kings to a group from Seattle.

In a letter sent to the NBA's relocation committee, the Maloofs indicates there is  "significant distance between us and the Sacramento group."

The Maloofs said the Sacramento group has asked not to enter into a binding agreement until the Seattle deal is terminated. 

The Maloofs reached an agreement in January to sell a 65 percent controlling interest in the Kings to Hansen's group at a total franchise valuation of $525 million, an NBA record. 

Chris Hanson later voluntarily increased the valuation to $550 million.

Antonio Gonzalez/AP

Tags: Sacramento Kings, NBA, NBA CBA

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