Re: Rich guys continue to fight over future of Kings in Sacramento
The Sacramento contingent seeking to buy the Kings held back Saturday from delivering a counter to an increased bid for the franchise from Seattle, instead portraying the new offer as a move of desperation that is unlikely to sway the NBA's decision on which city will get the franchise.
It remained unclear Saturday when the Sacramento group would file its own formal and written offer for the team – or whether that bid would match the new offer on the table from a Seattle contingent led by hedge fund manager Chris Hansen and Microsoft executive Steve Ballmer.
A legal expert told The Bee that the NBA has the right to accept a lower offer.
-- Sacramento Bee