Seattle group ups bid for Sacramento Kings to $625 million

www.cbssports.com Published: May 10, 2013
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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 hoped to move the team to Seattle and rename it the Sonics, who were relocated to Oklahoma City and renamed the Thunder in 2008.

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