SACRAMENTO (CBS13) – There are new developments on what the NBA might know about the sale of the Kings.
Yahoo! Sports is now reporting that the NBA held a conference call last Tuesday in which the relocation committee was briefed about the terms of the sale to a Seattle business group.
The terms were a non-binding set of deal points on a $525 million sale.
Sources also tell Yahoo! Sports the Maloofs would not retain any operational control.
Watch CBS13 news at 5 p.m. tonight for the latest in this ongoing story.