HoopsHype.com Rumors

Sam Amick: A perception v. reality addendum: to make assumption that Maloofs & Sacramento side are at stand-still without communication would be wrong Twitter @sam_amick

Sacramento Kings, Joe Maloof, George Maloof, Gavin Maloof, Owners 

Chris Daniels: Source tells me that Maloof family have unequivocally, three times, told NBA they will NOT accept back-up bid from Ranadive group. #NBAKings Twitter

Sacramento Kings, Joe Maloof, George Maloof, Gavin Maloof, Owners, Vivek Ranadive 

David Aldridge: Sacramento group still confident it has done everything league has asked on sale, arena, & will ultimately be able to buy team from Maloofs. Twitter @daldridgetnt

Sacramento Kings, Joe Maloof, George Maloof, Gavin Maloof, Owners 

David Aldridge: League hoping to entice Maloofs to sell to local group in Sacramento that has offer on $525M valuation for Kings, new arena on table. Twitter @daldridgetnt

Sacramento Kings, Joe Maloof, George Maloof, Gavin Maloof, Owners 

Ken Berger: The Maloofs, who wanted to move forward with sale to Seattle-based group, will not be issuing a statement, I'm told. Twitter @KBergCBS

Sacramento Kings, Joe Maloof, George Maloof, Gavin Maloof, Owners 

Brian May: George Maloof told me he can't/won't say if Sacramento offer is equal to Seattle Twitter @BMayNews10

Sacramento Kings, George Maloof, Owners 

Hedge fund manager Chris Hansen outlined the financial terms, Microsoft CEO Steve Ballmer expressed Seattle's enthusiasm for bringing an NBA team back to the city and Sacramento Kings owner George Maloof Jr. "expressed strong support for moving forward with the deal that they've made with Chris Hansen," Seattle Mayor Mike McGinn said. In a presentation on Wednesday to an NBA joint committee made up of owners and team representatives, the Seattle group made its formal to buy the Kings from the Maloof family, move the franchise to Seattle and rename the team the Seattle SuperSonics. USA Today Sports

Sacramento Kings, Seattle SuperSonics, George Maloof, Steve Ballmer, Chris Hansen 

Brian Windhorst: To add insult to injury, Kings owner George Maloof spoke on behalf of the Seattle group. Despite bid from Sac, Maloofs lobbying to move team Twitter @WindhorstESPN

Sacramento Kings, Seattle SuperSonics, George Maloof 

Ken Berger: George Maloof addressed owners in Seattle meeting and expressed desire to move forward with the sale and relocation of the Kings. Twitter @KBergCBS

Sacramento Kings, Seattle SuperSonics, George Maloof 

Bryan May: George Maloof tells News10 a deal to sell the Kings to Seattle group is not close. Twitter @BMayNews10

Sacramento Kings, Seattle SuperSonics, George Maloof 

Jon Santiago: In a @seattletimes online poll, approximately 57% of Seattleites would feel guilty if the #NBAKings moved to seattle - seattletimes.com/html/take2/202… Twitter @itsjonsantiago

Sacramento Kings, Seattle SuperSonics, George Maloof 

Up until now, rumors and unconfirmed reports swirled around the Capital City about a Kings' possible move to Virginia Beach; however, now, sources in Virginia, who asked not to be identified, said George Maloof has met with state and city leaders there and plans are being drafted to possibly move the NBA team. At Tuesday night's Virginia Beach City Council meeting, Mayor Will Sessoms said media giant Comcast-Spectacor and its president, Peter Luukko, are very optimistic. "He is currently working on a long-term lease with a professional sports team that will serve as an anchor tenant to an arena," Sessoms told the council. news10.net

Sacramento Kings, Joe Maloof, George Maloof, Virginia 

It is news no Sacramento Kings fan wants to hear, the team's owners are negotiating to move the team to Virginia Beach. Up until now, rumors and unconfirmed reports swirled around the Capital City about a Kings' possible move to Virginia Beach; however, now, sources in Virginia, who asked not to be identified, said George Maloof has met with state and city leaders there and plans are being drafted to possibly move the NBA team. news10.net

Sacramento Kings, George Maloof 

As for that chatter about renovating Power Balance Pavilion? The suggestion that George Maloof advanced in conversations with reporters last spring? Let's just say it's been a very quiet summer. Members of one prominent group advocating a Power Balance makeover are still trying to arrange a formal meeting. "We're ready to help in any way we can in advising the ownership group relative to the arena issue, whether it's a renovation or a new project that makes sense," said Greg Van Dusen, who was an executive with the team when the Kings relocated from Kansas City in 1985 and currently serves as spokesman for a group that includes an architect and engineer involved with the construction of Arco Arena I and II. "We're passionate about the Kings. We brought them here. We've been working on this pro bono for 3 1/2 years. That's not a complaint; it was our decision. We just love the Kings and want the team to stay in Sacramento." Sacramento Bee

Sacramento Kings, George Maloof, Kansas City 

The Virginia Beach Kings? I'm being told the owners of the Sacramento Kings - the Maloofs - will not be announcing a move to to Virginia Beach on Aug. 29 as was reported in this story - http://insidebiz.com/n... Joe Maloof is being quoted by multiple outlets saying he has not spoken to Virginia Beach. There's likely to be a statement from the team or family soon. Sulia

Sacramento Kings, Joe Maloof, George Maloof, Virginia 

Jason Jones: FWIW source says Kings are not moving to Virginia ... Back to daddy duty for me folks. Twitter

Sacramento Kings, Joe Maloof, George Maloof, Virginia 

The owners of the Sacramento Kings, an NBA franchise, and officials from Philadelphia-based Comcast-Spectacor are expected to be in Virginia Beach Tuesday to propose moving the team to the resort city and for Comcast to help build and lease a new pro sports arena. Hampton Roads Business Journal

Sacramento Kings, Joe Maloof, George Maloof, Virginia 

A deal between the Maloof family, which owns the Sacramento Kings, and the city of Sacramento for a $391 million entertainment complex fell apart three months ago and it has been reported that the owners are looking for a city for their franchise. Media giant Comcast will guarantee a 25-year lease on a new arena, supposedly for naming rights and for broadcasting the games, sources said. Comcast owns NBC and Global Spectrum, which operates arenas and stadiums across the country including the Ted Constant Convocation Center at Old Dominion University. Hampton Roads Business Journal

Sacramento Kings, Joe Maloof, George Maloof, Virginia 

City officials and the Maloof family are expected to announce Wednesday, Aug. 29, that the Kings will land in Virginia Beach, sources said. Hampton Roads Business Journal

Sacramento Kings, Joe Maloof, George Maloof, Virginia 

To finance the arena, the Virginia Beach Hotel-Motel Association has indicated it would support a $1 hike in the lodging tax, sources said. In addition, the Atlantic Coast Conference has agreed to place Virginia Beach on its list as a future venue for college ACC conference tournaments. A well-known concert promoter – Live Nation – is associated with the deal for the new arena and the team’s relocation to Virginia Beach, sources say. Hampton Roads Business Journal

Sacramento Kings, Joe Maloof, George Maloof, Virginia