Some may call it a “backup offer” – others may deem it something more. Whatever the case, it appears that the Maloof family is in talks for a sale agreement with the ownership group hoping to keep the Kings in Sacramento.
Per Daniel Kaplan of Sports Business Journal:
Reporting soon in SBD, Maloofs and Sacramento bidding group been negotiating Kings purchase agreement since weekend. could be backup 2….
…Seattle agreement Maloofs already have, or signal Maloofs taking Sac bid more seriously. Key NBA meetings begin tomorrow
Some have questioned the report as it’s been cited that the family couldn’t negotiate any deals outside of the Hansen agreement, but other reports have suggested otherwise – though there’s been no confirmation that the Maloofs could negotiate with anybody outside of the Seattle group. Either way, the Maloof family in recent weeks has become more open to the idea of selling to Sacramento, something many suggested they weren’t very keen on doing as early as a few months ago. However, given the Maloof’s desire for a “sweetheart” type of deal which they’ve tried to find in a handful of locations, the sale to Seattle was a necessary evil. They weren’t going to get this type of deal from Sacramento without forcing the hand – maybe that’s something they intended to do, maybe it just so happened to fall that way for them. Whatever the case – it appears that the soon to be exiting owners of the Sacramento Kings will be cashing in and cashing in well, whenever the NBA’s Board of Governors makes their final decision on the potential relocation/sale of the franchise.