7:41pm: Earlier, Tony Bizjak of the Sacramento Bee (via Twitter) said he doesn't expect any announcement to be made after Wednesday's meeting and thinks that the Board of Governors may vote on the Seattle bid on Thursday or Friday.
6:07pm: Chris Daniels of King5.com says that the NBA has extended the Board of Governors meeting by one day, with a special committee meeting regarding the Kings to be held this upcoming Wednesday. Daniels adds that both the Sacramento and Seattle investment groups have not been invited, and that the Kings situation will be addressed in a press conference scheduled for next Friday (All Twitter Links).
This news comes one day after several developments on the potential sale of the Kings, notably the decision by the Seattle investors to increase their offer by $25MM after the Sacramento investment group pledged to match their previous offer. We also heard yesterday of the unlikelihood that the NBA will allow a bidding war (Twitter link), so Wednesday's meeting appears to be the next definitive step toward determining the future of the Kings franchise.