The NBA 's board of governors approves the sale of the Sacramento Kings . - July 17 : The New York Knicks sign free agent forward Kenyon Martin to a five-year contract worth $90 million. Maloof family had deals to sell to a group that would 've moved the team to Seattle . NBA executives rejected those relocation bids .
The NBA 's board of governors approves the sale of the Sacramento Kings . Tech entrepreneur Vivek Ranadive heads the Kings ' new ownership group . Maloof family had deals to sell to a group that would 've moved the team to Seattle . NBA executives rejected those relocation bids .