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NBA owners reject Sacramento Kings' move to Seattle

  • Sacramento, Calif., Mayor Kevin Johnson, right front, a former NBA basketball player, walks out of an NBA Board of Governors meeting during a break Wednesday, May 15, 2013, in Dallas. The meeting is an effort to resolve the five-month-long struggle over the future of the Sacramento Kings. The board's tasks: Decide whether the team should move to Seattle or stay in Sacramento, and then figure out who should own the franchise. (AP Photo/Tony Gutierrez)

DALLAS — The Kings are staying in Sacramento, and Seattle will have to wait for another NBA franchise.

As for the ownership question that has kept the Kings in limbo for years, Commission David Stern wants it settled now.

League owners voted Wednesday to follow the recommendation of their relocation committee and reject an aggressive bid to move the Kings, and Stern promptly announced that he hoped to have a deal in place in 48 hours with a group that wants to buy the team from the Maloof brothers.

"And now we think that because the Maloofs have overall been very good for Sacramento and the Kings and the NBA, that they will be motivated to do something fast so that the franchise can get cracking," Stern said.

The 22-8 vote by the Board of Governors rejected a deal that would have sold a 65 percent controlling interest at a total franchise valuation of $625 million to a Seattle group led by investor Chris Hansen, who boosted the offer twice after the NBA showed an unwillingness to relocate.


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