There's still no deal in Seattle to move the Sacramento Kings to the Pacific Northwest, NBA Commissioner David Stern told reporters this morning.
Speaking in London, where the New York Knicks will play the Detroit Pistons today, Stern said "there's been lots of speculation" regarding the possible sale of the Kings to hedge-fund manager Chris Hansen in Seattle.
"The one thing we do know is no purchase and sale agreement has been submitted to (the league)," Stern said.
Stern added: "We are more or less in a series of communications. But right now, we don't know anything in terms of actionable items."
Stern said he welcomed Mayor Kevin Johnson's request to address the league's Board of Governors in the face of a possible Seattle deal, saying "Sacramento has been particularly supportive" of the NBA.
Johnson is assembling a counter-offer to Hansen and plans to deliver that pitch to the league. That pitch will likely include a deep-pocketed owner committed to keeping the team in Sacramento and helping to build a new downtown arena.