The Grant Napear Show - May 16, 2013
Watch CBS News
The deal will be even sweeter for the Maloofs as Ranadive will assume the debt the family has with the league, as well as the $64 million debt the team has with the city of Sacramento.
Watch a live stream of the NBA Board of Governors press conference following the owners' meeting in Dallas.
It's official: The NBA Board of Governors denied Seattle's attempt to purchase the Sacramento Kings.
Today is decision day for Sacramento, when we could find out whether or not the Kings will stay put or go to Seattle.
The Maloof family is making more moves to prevent Mayor Kevin Johnson's assembled ownership group from buying the Kings.
Chris Hansen has increased his total valuation of the Sacramento Kings from $550 million to $625 million in another attempt to sway NBA owners to allow him to buy the franchise and move it to Seattle.