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.
Gobert, who missed 11 games earlier this season with a knee injury, will have an MRI
Get all the latest scores, news and highlights from Friday's NBA games
Porzingis is questionable for Carmelo Anthony's return to MSG on Saturday
The Spurs and Rockets will renew their in-state rivalry on Friday night
Anthony will play at Madison Square Garden on Saturday for the first time since being trad...
SportsLine's Mike McClure, a DFS pro with more than $1M in winnings, gives optimal lineup...