The Norman Transcript

National Sports

May 15, 2013

Kings or Sonics decision today

SEATTLE — The NBA Board of Governors meets today in Dallas to tackle the issue of whether the Kings stay in Sacramento or are allowed to move to Seattle, where they would be rechristened the SuperSonics.

Investor Chris Hansen and Microsoft CEO Steve Ballmer have had a deal since January to buy a 65 percent controlling interest in the Kings from the Maloof family.

After months of staying quiet and letting the process play out, the Hansen and Ballmer group went on the offensive following the NBA relocation committee’s decision on April 29 to recommend denying the move.

It started last Friday when Hansen increased his total valuation of the Kings from $550 million to $625 million. Hansen also announced on his website that he has guaranteed owners that the franchise would pay into the league’s revenue-sharing system if it was in Seattle and not collect money as it has in Sacramento.

On Saturday, word leaked of a backup deal with the Maloofs to purchase a minority interest in the Kings with the Maloofs remaining the controlling party. The limited partnership would be a purchase of at least 20 percent of the Maloofs’ stake in the franchise at a valuation of $600 million, but the Hansen/Ballmer group would retain a two-year option to purchase majority control.

1
Text Only | Photo Reprints
National Sports
  • Hamlin crew chief out 6 races

    CHARLOTTE, N.C. — NASCAR suspended Denny Hamlin’s crew chief and car chief on Tuesday for six races because the Joe Gibbs Racing entry failed inspection following his third-place finish at Indianapolis Motor Speedway. Darian Grubb and ...

    July 30, 2014

  • Bell focuses on every facet of his game

    LATROBE, Pa. — Le’Veon Bell kept watching the tape over and over, equal parts pleased and puzzled by what he saw....

    July 30, 2014

  • Sam factor may ready Rams for sensitivity class

    ST. LOUIS — To guard against another bullying scandal, NFL teams are holding sensitivity sessions during training camp....

    July 30, 2014

  • Romo skips full-pad session for the first time at camp

    OXNARD, Calif. — The Dallas Cowboys are taking it easy with Tony Romo’s back....

    July 30, 2014

  • Vikings hire help for Kluwe talks

    MINNEAPOLIS — The Minnesota Vikings have hired the attorney who investigated the Miami Dolphins bullying scandal and another who played a prominent role in the fight for marriage equality to help in settlement talks with former punter ...

    July 30, 2014

  • Cards’ Abraham charged with DUI

    ATLANTA — Authorities say Arizona Cardinals linebacker John Abraham was arrested on a drunken driving charge a month ago in the Atlanta area. Abraham has been absent from the team’s training camp since Friday....

    July 30, 2014

  • Players elect new executive director

    Michele Roberts has watched basketball for as long as she can remember. It was an easy choice growing up in a home with one TV and two older brothers....

    July 30, 2014

  • NCAA settles head-injury suit

    CHICAGO — The NCAA agreed on Tuesday to help athletes with head injuries in a proposed settlement of a class-action lawsuit that college sports’ governing body touted as a major step forward but that critics say doesn’t go nearly far ...

    July 30, 2014

  • Yanks hold off Rangers

    ARLINGTON, Texas — Brett Gardner had four hits to go with a tremendous sliding catch and the New York Yankees held on for a 12-11 victory at Texas on Tuesday night in spite of J.P. Arencibia’s seven RBIs. Gardner had a leadoff homer and ...

    July 30, 2014

  • Twins pick up undrafted arm ‘out of nowhere’

    SAN FRANCISCO — In one of their craziest scouting experiences, the Minnesota Twins have reached a deal with a 24-year-old pitching prospect who has thrown 100 mile per hour fastballs but has never been drafted....

    July 30, 2014