SEATTLE (AP) - Chris Hansen has increased his total valuation of the Sacramento Kings from $550 million to $625 million in another attempt to sway NBA owners to allow him to buy the franchise and move it to Seattle.
Hansen also announced on his website Friday that he has guaranteed owners that the franchise would pay into the league's revenue-sharing system in Seattle and not collect money as it has in Sacramento.
Hansen has had a deal since January to buy a 65 percent controlling interest in the Kings from the Maloof family. He originally offered a total valuation of $525 million, then increased that offer to $550 million after a competing Sacramento group matched his deal.
The NBA's relocation committee voted 7-0 last week to recommend that the NBA Board of Governors - which consists of all 30 owners - reject the Seattle move. The board is expected to vote on the issue at its meeting in Dallas on Wednesday.
Advertisement

NBA Top Stories

Thumbnail Heat vs. Hawks Prediction Are the Miami Heat a solid underdog play tonight in Atlanta when they visit the Hawks at 7:30PM ET?
Thumbnail Pistons vs. Hornets Pick Can the Charlotte Hornets keep the Detroit Pistons from winning back-to-back games when the two meet up tonight at...
Thumbnail Cleveland could face short-handed scenario The Cavaliers have won seven straight meetings against the Knicks. But can the defending champs keep the magic going tonight in spite of a slew of bumps and...
Thumbnail Magic vs. Wizards Prediction The Magic are in Washington tonight to take on the Wizards at 7:00PM ET. Are they a solid underdog play?
Thumbnail Bulls vs. Pistons Prediction Will the Chicago Bulls be able to bounce back when they face the Detroit Pistons tonight at 7:30PM ET?

NBA Team Pages