So late Sunday, just about every NBA reporter on the planet broke news that the Maloofs signed a deal with the Seattle folks to sell their 65 percent of the franchise for $340 million, for a $525 million valuation. It was the other shoe we knew would be dropping at some point.
Kevin Johnson reminds us that it's not over.
Everyone knew a deal would be done before Sacramento made its case to the Board of Governors. Nothing reported today changes that. Woj reports that the relocation committee approval will be a formality? Okay, but there's no relocation until there's a formal sale. And that takes the full Board of Governors. And they'll be hearing from KJ on April 18.
0 Comments
Badge Legend