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NBA in Seattle

The latest news about the NBA's possible return to Seattle.

April 17, 2013 at 3:22 PM

Sac Bee report — Sacramento bid is a “non-binding term sheet”

The Sacramento Bee unveiled more details  of the Sacramento  bid for the NBA Kings today, including that it is a “non-binding term sheet.”

The Bee also reports that the offer asks for the current controlling owners, the Maloof family, to “terminate its deal” with the Seattle group led by Chris Hansen, and prevent the NBA from voting on the Seattle offer.

A league source has also told the Times that the offer does not match the updated Seattle offer of $357 million for 65 percent of the team, based on a $550 million valuation, and does  not include the $30 million deposit.

 

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