Boston Globe Source: NBA Says It Will Allow Kings To Remain In Sacramento With Stipulations, Hansen Offer Less Than Thought?

Jan 16, 2013; Sacramento, CA, USA; Sacramento Kings fans hold a sign to keep the Kings in Sacramento during the fourth quarter against the Washington Wizards at Sleep Train Arena. The Sacramento Kings defeated the Washington Wizards 95-94. Mandatory Credit: Kelley L Cox-USA TODAY Sports

It’s been a good day for Northern California sports. In addition to the San Francisco 49ers claiming a birth in the Super Bowl, a report from the Boston Globe has the NBA agreeing to allow the Kings to remain in Sacramento – assuming a buyer is found and an agreement on an arena can be made:

Though NBA sources say such a deal to relocate the Kings there is nearly done, the league maintains the stance that if Sacramento has local buyers that are willing to keep the club there and would help construct a new arena, it will comply.

The agreement on an arena shouldn’t be too difficult considering a deal was essentially already struck, so the fight to keep the Kings in Sacramento remains with the prospect of new ownership.

Also from the Globe is news that the reported $525 million dollar offer from the Seattle based Hansen group to purchase the Kings is incorrect – the actual figure being smaller, this according to Gary Washburn:

As for Seattle, the ownership group led by Chris Hansen has made an offer to the Maloofs, but NBA sources said the amount is short of the reported $525 million. According to Forbes Magazine, the Kings are the 23d most valuable NBA team at $300 million, so it’s highly unlikely the Hansen group would offer nearly twice that.

Topics: Maloofs, Relocation, Sacramento Kings

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