Speaking to CBS’ Ken Berger, an anonymous owner told the media scribe that the Hansen-Ballmer deal, where they would purchase a 20 percent stake in the Sacramento Kings franchise, makes no sense.
Asked an owner today if Hansen backup plan with Maloofs is a game-changer. ”It doesn’t make any sense to me,” he said.
And he would be right.
If the NBA wanted to put the Kings in Seattle, they’d do it with the originally agreed upon 65 percent stake in the franchise. The NBA is obviously aware of the intent if the Hansen-Ballmer group was to purchase a 20 percent stake and doing so would just turn the Kings into a lame duck scenario, leaving them to rot away in Sacramento for a few years before they could eventually ask (and most likely be granted) for relocation.
As was announced yesterday, the NBA did not alter their stance on the relocation of the franchise, despite the Hansen-Ballmer offer to purchase only 20 percent of the franchise or the increased bid for the franchise.