Kings sale: Kevin Johnson 'remains focused' on countering Seattle deal

Kelley L Cox-USA TODAY Sports

Sacramento Mayor Kevin Johnson will continue to work to assemble an ownership group to counter Seattle's deal to buy the Kings.

Despite reports that the Sacramento Kings' sale to Seattle is complete, Sacramento Mayor Kevin Johnson says that he "remains focused" on putting together an ownership group that could potentially save the Kings.

Johnson has been working hard in recent weeks to put together a Sacramento-based ownership group that could match the offer made by Chris Hansen's Seattle group. The Maloof family reached an agreement to sell a 65 percent majority stake in the Kings to the group led by Hansen. The Kings have been valued at about $525 million, so Hansen's group would pay about $340 million if the deal goes through.

Yahoo! Sports' Adrian Wojnarowski reported that the NBA's Relocation Committee will likely approve the deal, but Johnson and his group will still be allowed one last chance to present an offer to the NBA's Board of Governors. The Sacramento-based group would likely have to come up with an offer in the $425-450 million range to have a chance.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.