Chris Hansen to raise bid for Sacramento Kings to $625 million

Ronald Martinez

The Seattle group, headlined by Chris Hansen, will raise its bid for the Sacramento Kings to $625 million in an attempt to convince the league to approve the sale and relocation of the franchise.

Chris Hansen has played what may be one of his last cards in his attempt to purchase the Sacramento Kings from the Maloof brothers and move the franchise to Seattle. Hansen has upped the price of his bid for the franchise to $625 million, a $75 million increase from his last bid, according to Chris Daniels of KING5.com. Hansen later confirmed the news.

Whether this move results in the NBA's relocation committee reneging on its unanimous recommendation to keep the team in Sacramento remains to be seen. The prospective Sacramento ownership group, led by Vivek Ranadive, has still not finished liquidating its money to put the requested $341 million for 65 percent of the franchise in escrow, according to CSN Bay Area's Ric Bucher. Hansen has already put $357 million for 65 percent of the franchise in escrow.

Hansen's move also has multiple potential effects if the league still awards the franchise to the Sacramento group. It could signal to the league that Hansen is serious about acquiring a franchise, so he could be promised an expansion team sooner. If that doesn't happen, Hansen's increased bid improves his case in a potential anti-trust lawsuit.

This is the third time Hansen's group has raised its bid. The full group of NBA owners is expected to vote on the potential purchase and relocation of the franchise on May 15. They had been expected to follow the relocation committee's recommendation.

More from SB Nation:

Kevin Durant vs. the world

Damian Lillard was more than ready for NBA

Why Len is a better prospect than Noel

Joakim Noah: Flicked off, flirting with death

Rose might be scared, and that's OK

Living and working with anxiety disorder

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.