Maloofs Set Deadline for Sacramento Bidders

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Maloofs Set Deadline for Sacramento Bidders
Kelley L Cox-USA TODAY Sports

The current principal owners of the Kings have informed a group of investors seeking to keep the team in Sacramento that they want a binding offer in writing for the team by 5:00pm Pacific Time on Friday, report Tony Bizjak, Ryan Lillis and Dale Kasler of The Sacramento Bee. If the offer doesn't arrive in time or match the $341MM price that the Maloof family has agreed upon for its share of the team with Seattle-based bidders, the Maloofs say they won't have any more talks with the Sacramento group.

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