Maloofs Have 'Backup' Agreement With Hansen-Ballmer Group
The Maloofs have informed their fellow NBA owners that they will not sell to a group of owners that intend on keeping the Kings in Sacramento if the Board of Governors rejects their proposed sale to Chris Hansen and Steve Ballmer's group from Seattle
The Maloofs have made a "backup" agreement with the Hansen-Ballmer group to sell it 20 percent of the team for $125 million to allow the Maloofs to continue to operate the franchise.
Sources said that new proposal also included a $115 million offer to owners as a relocation fee, amounting to approximately $4 million per team.
The NBA relocation committee is planning to re-evaluate the Hansen-Ballmer offer and has scheduled another meeting ahead of next Tuesday's full owners meeting in Dallas, sources said.
In the last three months, the NBA has negotiated its own backup plan for the Kings with a group led by Silicon Valley billionaire Vivek Ranadive.
Several ownership sources told ESPN.com that there was some concern that Ranadive and the city of Sacramento could close and execute the deal for the new arena.