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Mastrov appears key player in Sacramento bid to keep Kings

By Bob Condotta, The Seattle Times Published: January 29, 2013
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Johnson said last week he anticipated naming the major investors this week.

The team will have to apply for relocation by March 1, with the NBA Board of Governors expected to vote on the sale in mid-April.

However, another important date in the process comes Thursday when, according to several reports, Hansen's group must give the Maloofs a nonrefundable deposit of $30 million.

Michael McCann, an on-air legal analyst for NBA TV, said Monday it's hard to know exactly how meaningful the deposit is without seeing the exact terms of the sales agreement.

But he said one possibility is that it could preclude the Maloofs from seeking other bidders. He also said it could factor into damages if the sale is not approved and there is future legal action.

“There could be an argument made (once the deposit is made) that there is now an existing business relationship between (the Maloofs and Hansen) and that would be interfered with by rejecting the bid,” McCann said.



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