HoopsHype Chris Hansen rumors

May 11, 2013 Updates

Since we still have a few days to go, before the vote, is it reasonable to expect that we are edging closer to a virgins-into-the-volcano stage? Well, in a manner of speaking, yes. According to a source with whom I talked by phone, who was knowledgeable of Hansen’s plans but who didn’t want to be identified, mostly out of fear of a court-ordered mental-health evaluation, “There’s more.” Lock up your daughters. While the speculation about motives and strategy has commenced fearsome chattering among the digirati locally and nationally, Hansen was fairly straightforward in his post: “While we appreciate that this is a very difficult decision for the league and owners, we hope it is understood that we really believe the time is now to bring the NBA back to Seattle,” Hansen wrote. “It is paramount that we do everything we can to put Seattle’s best foot forward in this process.” SportsPressNW.com

May 10, 2013 Updates

Chris Hansen: In an effort to further demonstrate the extent of our commitment to bring basketball back to Seattle, we have elected to voluntarily increase our proposed purchase price for the Sacramento Kings NBA Franchise by $75 million — from an enterprise value of $550 million to $625 million. In conjunction with our revised offer, we have also guaranteed to the NBA that the Franchise would be a revenue sharing payer in all years in Seattle. SonicsArena.com

May 8, 2013 Updates

Mayor Kevin Johnson is so confident that the Kings are staying put, he's got some advice for the guys trying to buy the team and move it to Seattle: Back off. While saying he understands why they are putting up a fight, Johnson said Tuesday that hedge fund manager Chris Hansen and Microsoft executive Steve Ballmer should "take the high road and be gracious." Hansen and Ballmer have said they are still exploring their options after the NBA's relocation committee recommended by a 7-0 vote against their plan to move the Kings to the Emerald City. "Once the relocation committee spoke as loud and as clear as it did, I would probably take a step back and understand that I'm probably not going to get this team, so how can I put Seattle in the best possible position to get a team moving forward?" the mayor said. Sacramento Bee

May 7, 2013 Updates

Sacramento Mayor Kevin Johnson says if he were leading the Seattle group trying to move the Sacramento Kings, he’d give up. The mayor says Seattle should focus on the next opportunity to get an NBA franchise, "Once the relocation committee spoke as loud and as clear as it did, I would probably take a step back and understand that I'm probably not going to get this team so how can I put Seattle, Ballmer, Hansen, the Nordstrom family and anybody else from Seattle in the best possible position to get a team going forward. I would take the high road and I'd be gracious." Capital Public Radio

May 3, 2013 Updates

Sacramento's bid would be a backup to the deal the Maloofs struck to sell the Kings to a Seattle investor group. Seattle's investors were dealt a serious setback Monday, when the NBA relocation committee voted 7-0 to recommend blocking the team's proposed relocation to the Pacific Northwest. The league hasn't yet ruled on the Seattle group's actual purchase, so the $357 million deal remains in place between the Maloofs and Seattle investors Chris Hansen and Steve Ballmer. Sacramento Bee

It remained unclear exactly what Hansen's preferred course of action is. However, one league source reiterated that one option is for Hansen to still attempt to buy the Kings, even if they can't be relocated. One source said Hansen might argue before the NBA Board of Governors — when it meets in New York on May 15 for a final vote on the matter — that he would agree to keep the team in Sacramento as long as the city came through with its plan to build a new arena. If it didn't, Hansen would then be able to relocate the team to Seattle later. Seattle Times

April 30, 2013 Updates

Chris Hansen: While we are disappointed with the relocation committee’s recommendation, we just wanted to let you all know that we remain fully committed to seeing this transaction through. As you are all well aware, we have a binding transaction to purchase the Kings for what would be a record price for an NBA franchise, have one of the best ownership groups ever assembled to purchase a professional sports team in the US, have clearly demonstrated that we have a much more solid Arena plan, have offered a much higher price than the yet to be finalized Sacramento Group, and have placed all of the funds to close the transaction into escrow. As such, we plan to unequivocally state our case for both relocation and our plan to move forward with the transaction to the league and owners at the upcoming Board of Governor’s Meeting in Mid-May. SonicsArena.com

April 29, 2013 Updates

In a unanimous vote of the league's combined Relocation and Finance committees Monday afternoon, 12 NBA owners recommended that the league's Board of Governors vote to deny the relocation of the Kings to Seattle — and, in doing so, deny the sale of the team from the Maloof Family to a Seattle-based group led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer. The recommendation will be taken up by the full Board for a formal vote the week of May 13. But it is almost certain that the full Board will go along with the recommendation and vote to keep the Kings in Sacramento, at least for another year. NBA.com

What Hansen and Seattle do from here is unclear. Sources maintain that legal action against the league is a near impossibility, given that the NBA requires prospective owners to sign agreements that prohibit them from taking legal action if their bids are denied. A source with knowledge of Hansen's group's plans said Sunday that the group had never thought about taking any legal action if it lost. NBA.com

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