NBA committee meeting to decide Kings' fate
Sacramento, Calif. • The NBA committee deciding whether the Sacramento Kings should be sold and relocated to Seattle will hold a meeting via conference call Monday.
An NBA spokesman confirmed Thursday that the committee, consisting of 12 league owners, will convene on a call instead of in person. Whenever the committee issues a recommendation, NBA owners will have at least seven business days to review the report before a vote can take place.
The Maloof family has had an agreement since January to sell a 65 percent controlling interest in the Kings to a Seattle group led by hedge-fund manager Chris Hansen. Sacramento Mayor Kevin Johnson has helped put together a competing counteroffer complete with a new arena plan and an ownership group headed by software tycoon Vivek Ranadive.