Stern says vote on Kings sale still few weeks away

Stern says vote on future home of Kings franchise still a few weeks away

Associated Press
Stern says vote on Kings sale still few weeks away
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Seattle Mayor Mike McGinn talks to reporters, Tuesday, April 16, 2013, outside of KeyArena in Seattle. McGinn announced Tuesday that a tentative deal has been reached with a group led by hedge fund manager Chris Hansen- who is seeking to buy the NBA basketball Sacramento Kings and move them to Seattle- to ready KeyArena for the NBA's return and in exchange for the payment of a guaranteed rent to Seattle, assume operations of the arena beginning this July. The purchase of the team still requires league approval. (AP Photo/Ted S. Warren)

NEW YORK (AP) -- NBA Commissioner David Stern said Wednesday that a decision on the future home of the Kings franchise is still at least two weeks away.

Stern told reporters after a meeting of owners considering the team's sale that it could be early next month before it's known if the team is staying in Sacramento or heading to Seattle.

"I would be charitable to say the first week in May, but it could slide a bit," Stern said. "That's where we are."

Stern said the committee will brief the full board of governors during their two-day meetings Thursday and Friday, but that there will be no vote. He said the committee, comprised of 12 owners, has a number of questions regarding real estate and legal matters.

He added that it's likely they will meet again next week, either in person or via teleconference.

A Seattle group led by hedge-fund manager Chris Hansen has a deal to purchase 65 percent of the franchise from the Maloof family, and Sacramento has put together a group to make a backup offer. NBA officials have refused to say if the second bid matches Seattle's.

Stern reiterated that expansion has not been discussed.

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