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April 29, 2013 2:29 PM

NBA committee rejects Sacramento Kings move to Seattle

A committee of NBA owners voted unanimously today to block the pending sale and relocation of the Sacramento Kings, likely ensuring that the team will stay put. The NBA confirmed that its combined relocation and finance advisory committee, composed of 12 owners, voted down the Maloof family's proposed sale of the Kings to hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer, who planned to move the team to Seattle.

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