The Golden State Warriors are a team that the most sought-after free agents have avoided for most of the last two decades, nothing more than loveable losers with a faithful following and an ambiguous name on the NBA map.
Software billionaire Vivek Ranadive came to an agreement to purchase 65 percent of the Sacramento Kings from the Maloof family for approximately $348 million. The Kings' total valuation in the sale is $535 million, an NBA record.
Ownership representatives met for nearly four hours Wednesday and ultimately voted to reject the Kings' proposed move to Seattle, backing last month's unanimous recommendation from a relocation committee to keep the team in Sacramento.
The battle for the future of the Kings has evolved into a struggle between the team's current ownership and David Stern. The Maloof family is attempting to force a deal that would move the Kings to Seattle.