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» Wednesday, May 15 2013

A full meeting of the league's 30 teams met here Wednesday for nearly four hours and, according to sources with knowledge of the vote, ultimately backed last month's recommendation from a relocation committee that advocated to reject the Kings' proposed sale to a Seattle group headlined by lead investor Chris Hansen and keep the team in Sacramento. Hansen's group raised the overall valuation of its offer to buy the Kings for a league-record $625 million last week. But sources told ESPN.com that the owners gathered at this specially convened board of governors meeting at the Hilton Anatole voted to reject the sale and proposed relocation of the Kings to Seattle. ESPN.com

Sacramento Kings, Seattle SuperSonics, David Stern, Owners, Chris Hansen 
 

» Monday, May 13 2013
 

» Sunday, May 12 2013

The Ranadive group has agreed to match the 65 percent price of $341 million for the Kings in that deal, and has put at least 50 percent of that $341 million into escrow. NBA Commissioner David Stern said last month that while the Sacramento bid to keep the Kings at the time was slightly lower than the Seattle bid, the league considered the Sacramento bid binding. The league was made aware of both sale proposals involving Hansen on Wednesday, according to a source. Although there has been substantial buzz in Seattle that there are potential antitrust issues that could be the basis for a lawsuit against the NBA if Hansen is rejected, Hansen's group remains uninterested in legal remedies if it is rejected Wednesday, according to the source. NBA.com

Sacramento Kings, Seattle SuperSonics, Joe Maloof, David Stern, Gavin Maloof, Vivek Ranadive, Chris Hansen 
 
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