Sacramento mayor Kevin Johnson said last week that he had received approval from NBA commissioner David Stern to present a counteroffer to the league from buyers who would keep the team in Sacramento. Johnson had said the city is in a "six-week sprint" to put together a proposal for the NBA's Board of Governors to consider over a potential sale and relocation to Seattle.
Given the league's desire to bring a halt to the long-running saga caused by the Kings' uncertain future in Sacramento, as well as Stern's well-chronicled hopes of seeing NBA basketball return to Seattle before his scheduled exit from the league office in February 2014, approval of the move by the NBA Relocation Committee is widely considered to be a formality.
The committee features several current NBA owners and is chaired by Clay Bennett, who controversially moved the original Sonics to Oklahoma City in 2008, but left behind the team's nickname and logo.