An NBA relocation committee said it will recommend that an application to relocate Sacramento Kings be denied.
Kings owners Joe and Gavin Maloof backed out of a handshake deal -- which NBA Commissioner David Stern had negotiated, and the Sacramento City Council approved – putting the fate of the Kings and its hometown up in the air yet again.
The committee, made up of 12 NBA owners, held a conference call on Monday and will forward its recommendation to the NBA Board of Governors.
The Board of Governors will convene during the week of May 13 to vote on the matter.
Sacramento Mayor Kevin Johnson’s goal was to block a bid by investor Chris Hansen and Microsoft CEO Steve Ballmer, who have a pending deal with the Maloofs to buy the Kings, move the team to Seattle and restore the SuperSonics name.
San Diegan and Qualcomm CEO Paul Jacobs has been named in group of investors who want to purchase the Sacramento Kings and keep them in the River City.
Jacobs is part of a potential ownership group along with Silicon Valley software tycoon Vivek Ranadive, 24 Hour Fitness founder Mark Mastrov and billionaire investor Ron Burkle.