Spokesmen for the Maloof family and Hansen declined to comment on the committee's recommendation.
Hansen has had a deal since January to buy a 65 percent controlling interest in the Kings from the Maloof family.
On Sunday, he tweeted that he intends to bring local investors together to make a counter offer to the Maloof family.
Here is the upshot for the Maloof family, who own the Kings.
Mr Hansen called the Maloof family "great stewards" of the NBA franchise.
The Maloof family has agreed to sell the Kings to a Seattle group led by investor Chris Hansen, the league confirmed in a statement Monday morning.
WSJ: Sacramento Kings Moving to Seattle to Become Reborn SuperSonics
The Maloof family and Hansen's group, though, kept on talking, leading to another deal for a higher price and a vote earlier this month by the NBA board.
The Maloof family reached a deal with the city of Sacramento in March for a new arena after a long, tourtous battle that last year saw the team almost move to Anaheim, Calif.
FORBES: Which NBA Team Is Headed For Seattle With New Arena Ready To Go?
"The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen, " the league said.
WSJ: Sacramento Kings Moving to Seattle to Become Reborn SuperSonics
In the statement NBA Commissioner David Stern's office released Monday, the league confirmed it had received "an executed Purchase and Sale Agreement for the transfer of controlling interest" in the Kings from the Maloof family.
The Maloof family -- known for ownership of properties in Las Vegas, such as the Palms, among other business ventures -- has been trying for months to unload its majority owner stakes in the pro basketball franchise.
For more than a year, the owners of the Kings, the Maloof family, former owners of the Palms Casino Resort in Las Vegas, have used the threat of a sale to outside investors to prod the city of Sacramento into putting together a new arena package.
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