With the Kings in D.C. tonight to play the middling Wizards, the future of their franchise is still uncertain. As the news and rumors continue to pour in, let's keep all the Monday updates in this post with the latest up top:
- Mastrov bid $420MM to buy the Warriors in 2010, tweets
Ryan Lillis of the Sacramento Bee. The 20 Sacramento business leaders
that Mastrov met with have pledged $1MM apiece in support of the bid to
keep the Kings in town, Lillis adds in a separate story.
- Ken Berger of CBS Sports provides some helpful information via Twitter. Berger says that prospective Kings buyer Mark Mastrov met today with 20 local investors that are committed to keeping the team in Sacramento. We got confirmation yesterday that Mastrov would be teaming up with Ron Burkle to make a bid on the team.
- A league source described the Mastrov's interaction with the investors as an "informal meeting," Berger tweets, also adding that its purpose was to explain his vision for the team and a new arena in Sacramento.
- Confirming much of what we know, Berger adds that the Seattle-based Hansen-Ballmer group has an "executed purchase agreement" for the Kings that is under consideration with the NBA and assuming its approval, would move to the team to Seattle next year. Sacramento mayor Kevin Johnson hopes that the city will have a chance to present an alternative option to the NBA Board of Governors in April (Twitter links here).