Report: Maloofs finalizing deal to sell Kings to Seattle group
The Maloofs are reportedly finalizing a deal to sell the Kings' franchise to the Hansen-Ballmer group.
The Maloofs have struggled to find a way to move their team to Anaheim, California and Virginia Beach, Virginia in the past year and a half.
Yahoo Sports' Adrian Wojnarowski is reporting they are now finalizing a deal to sell the Sacramento Kings to the Seattle-based Hansen-Ballmer group:
The Maloofs are finalizing an agreement to sell the Sacramento Kings to the Hansen-Ballmer led Seattle group, sources tell Yahoo! Sports.— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013
The deal will sell the Kings for approximately $500 million, with the Seattle group seeking relocation to Key Arena for the 2013-'14 season.— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013
David Stern has mentioned recently that he wants to bring a team back to the city of Seattle, where the Sonics/Thunder franchise once resided, before his tenure as NBA commissioner is done. This would certainly solve that issue.
We've got all the scores, top plays and news from a busy NBA Friday
Butler didn't put any pressure on his right leg as he was helped to the locker room on Fri...
Our advanced computer model simulated Saturday's Magic vs. 76ers game 10,000 times
Several playoff contenders could use the services of Ilyasova, who's nearing a buyout agre...
Durant says he probably wouldn't have gone to college because he 'needed the money'
Ball, who has missed the last 15 games with a sprained MCL, will be on a minutes restricti...