In another sign that the NBA is tilting toward the keeping the Kings in Sacramento, the NBA reportedly has asked the hometown bidders to refund Seattle developer Chris Hansen his $30 million deposit, according to Sports Business Daily.
Hansen paid the deposit to the Maloof family as part of the $341 million price for 65 percent of the team, based on a valuation of $525 million, an NBA record. SBD did not identify the source, nor did the NBA or Kings bidders comment.
The report said that if the Kings stay, the NBA wants to make Hansen whole and assure that the league remains high on Seattle the market.
That would tack on $30 million to the $341 price that Hansen has offered, which the Sacramento bidders may resist, since that deal was with the Maloofs, the current owners. The NBA would likely not make the ask of the owners if they were not seriously considering rejecting the Hansen offer. The new owners would have to assume $77 million in debt from a loan from the city
to the Maloofs in 2008 when the Great Receession hit and left the family nearly broke. to the team in 1997.
The Sacramento group is expected to submit its final package to the NBA Friday, as well as announce some new investors. The league has been scheduled to vote on the winning bid April 19, although that may be postponed.