A new owner is in place. A new coach is on the way. And for the first time in 14 years, Sacramento Kings fans can celebrate a new era.
The Sacramento Kings have an agreement in place with Golden State Warriors assistant Mike Malone to be their head coach, a person familiar with the decision said Thursday night.
The NBA Board of Governors unanimously approved the sale of the Sacramento Kings on Tuesday to a group led by TIBCO Software chairman Vivek Ranadive. The league said in a statement that the “transaction is expected to close shortly.”
Sacramento Mayor Kevin Johnson announced to screaming throngs of Kings fans Friday that the deal to sell the NBA franchise to a group led by software tycoon Vivek Ranadive has been signed.
NBA owners voted Wednesday to reject the Sacramento Kings’ proposed move to Seattle, the latest in a long line of cities that have tried to land the franchise.
The Seattle group seeking to purchase and relocate the Sacramento Kings has struck a backup deal with the Maloof family if the NBA denies the pending sale and relocation.
The NBA has said its relocation committee has voted unanimously to recommend that owners deny the application for the Sacramento Kings to relocate to Seattle.
The Golden State Warriors are making a strong playoff push, but with just one postseason appearance since 1994, they’re not about to overlook any opponent.
Sacramento’s City Council is scheduled to consider a wide-ranging deal Tuesday night that’s designed to finance a new arena and keep the NBA’s Kings from moving to Seattle.
Sacramento Mayor Kevin Johnson says his city has reached a preliminary agreement for a new downtown arena with an investment group that hopes to keep the Kings from moving to Seattle.