Sacramento Kings News
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The Cleveland Cavaliers have the right to make the first selection in the June 27 National Basketball Association draft after winning the lottery for the second time in three seasons.
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The Sacramento Kings were sold to a group led by software billionaire Vivek Ranadive, who will become the first Indian-born owner in National Basketball Association history.
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Sacramento Mayor Kevin Johnson said an investment group led by Vivek Ranadive has signed a contract and wired money to purchase the National Basketball Association’s Sacramento Kings, the Sacramento Bee reported.
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A Seattle-based group led by Valiant Capital founder Chris Hansen raised its bid for the Sacramento Kings by $75 million to $625 million, five days before National Basketball Association team owners vote on whether to approve relocation.
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Rutgers University acknowledged it erred in saying new men’s basketball coach Eddie Jordan was a 1977 health and physical education graduate of the school.
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Seattle, Washington’s most populous city, plans to sell $146 million of top-rated general-obligation debt this week in its biggest sale in three years.
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The much-traveled Sacramento Kings should remain in that city rather than move to Seattle in a sale headed by Valiant Capital Management founder Chris Hansen, the National Basketball Association’s relocation committee said.
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David Vahey was printing “Sonics Fever” T-shirts yesterday near Seattle when his partner called and told him to stop. National Basketball Association owners had rejected the city’s bid for a team.
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Los Angeles Lakers assistant coach Eddie Jordan is moving to Rutgers University to succeed Mike Rice, who was fired as the school’s men’s basketball coach after video showed him physically and verbally abusing players.
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A former Facebook Inc. executive has joined a partnership that said it will match an offer to buy the Sacramento Kings, the Sacramento Bee reported, citing a person familiar with the deal.
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