DALLAS - The NBA Board of Governors decided Wednesday afternoon in Dallas that the Sacramento Kings will stay in Sacramento.
The league’s 30 NBA owners discussed after the Seattle and Sacramento investor groups presented their last pitches for the franchise.
The vote was 22-8.
The vote followed after the NBA’s relocation committee recommended the Kings stay in Sacramento in April.
Investor Chris Hansen and Microsoft CEO Steve Ballmer were leading the Seattle group that offered to purchase the team from the current owners, the Maloofs.
Hansen released a statement Wednesday evening on the decision:
“While we are obviously extremely disappointed with today’s relocation vote and truly believe we put forth both a significantly better offer and Arena plan, we do thank the league and the owners for their time and consideration and look forward to hearing back on our agreement to join the Maloofs as Limited Partners in the Kings.
But most of all I would like to thank everyone in Seattle who has been a part of our effort and supported our cause. Words simply can’t express how much your support has meant to me personally and to our City. I truly believe we did everything possible to put our best foot forward in this process and you all should be proud and hold your heads high today.
Our day will come…and when it does it will just be that much sweeter for the struggle.
I love you, Seattle!”
The Seattle group was planning on moving the franchise to Seattle and rename the team the SuperSonics.
Hansen upped the Seattle group’s offer by $75 million for a price that values the franchise at $625 million.
Mayor Mike McGinn also released a statement on Wednesday's decision:
"I share the disappointment of Sonics fans about today's vote. But we are in this for the long haul. The Memorandum of Understanding we have with Chris Hansen is for five years, and we will continue working to bring the NBA back to Seattle. I want to express my thanks and appreciation to Chris Hansen, Steve Ballmer, and the Nordstroms for their hard work and dedication to bringing the Sonics home."
Executive Dow Constantine also released a statement on the decision of NBA Board of Governors:
“Today’s NBA vote is disappointing. I’ve gotten to know Chris Hansen and he’s a patient, determined man who is in it for the long run. Fans, our county, and the entire region stand behind this effort.
The Hansen group has an agreement for a proposed arena, and an energized base of fans and businesses ready to step forward when the time comes. And the time will come. We all need to stay focused on that goal.”