The Norman Transcript

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
Sports
  • OU V Texas Casey sparks Sooners at the plate against Longhorns

    Oklahoma put runners in scoring position all night, but midway through Thursday’s series opener against Texas, the Sooners couldn’t do much with them. Heading into the bottom of the fifth, they had stranded a handful of runners, including ...

    April 18, 2014 1 Photo

  • Tigers take series with Timberwolves

    Heather Jones made her final Crosstown Clash contest a game to remember....

    April 18, 2014

  • Shannon won’t face criminal charges

    Oklahoma linebacker Frank Shannon will not face criminal charges for an alleged sexual assault. Any punishment he receives will be through the University....

    April 18, 2014

  • Offense disappears in shutout loss to Mountaineers

    Everything Oklahoma did Thursday night looked rushed. It fell behind quickly, hacked at pitches early in counts and even recorded outs in a time-efficient manner....

    April 18, 2014

  • Sooners eager for title shot

    After fighting all season long to stay near the top of the women’s gymnastics rankings, the time has come for Oklahoma to show it belongs there. The NCAA Women’s Gymnastics Championships kick-off at 1 p.m. today and the second ranked ...

    April 18, 2014

  • North girls escape with win over ESF

    EDMOND — Ranked No. 5 in the state and the winners of six straight games, three of them over top 10 teams, the Norman North girls looked every bit the dominant team Thursday night at Edmond Santa Fe … right up until they flirted with ...

    April 18, 2014

  • Fieger leads Senior PGA

    PORT ST. LUCIE, Fla. — Gene Fieger shot a 3-under 69 in windy conditions Thursday to take a four-stroke lead in the Senior PGA Professional National Championship....

    April 18, 2014

  • Kuchar builds on momentum

    HILTON HEAD ISLAND, S.C. — There were no major letdowns for Masters contenders Matt Kuchar and Jordan Spieth at the RBC Heritage on Thursday. Kuchar, who tied for fifth at Augusta National, shot a bogey-free 5-under 66 to share the ...

    April 18, 2014

  • Angel Jimenez set for Champions Tour debut

    DULUTH, Ga. — Miguel Angel Jimenez’s starring role in the best Masters ever for players 50 and over was the perfect lead-in for his Champions Tour debut....

    April 18, 2014

  • Puig focuses on baseball despite issues

    SAN FRANCISCO — Yasiel Puig believes he has the support from his Los Angeles Dodgers teammates and the club to help him keep his focus on baseball despite challenges off the field....

    April 18, 2014

Facebook