Kings To Seattle “Nearly Complete”

Seattle KingsThere are conflicting reports Tuesday on whether the Maloof family is finalizing an agreement to sell the Sacramento Kings to a Seattle-based group led by Chris Hansen and Steve Ballmer.


Yahoo! Sports’ Adrian Wojnarowski reported via Twitter that the deal is near.


According to Wojnarowski, the deal would be for approximately $500 million and seek to relocate the franchise to Key Arena for the 2013-14 season. The team would then play at Key Arena for two seasons and then transition into a new Seattle Arena.


“No agreement signed, but one source describes deal as ’1st and goal at 1.’ Maloofs’ history of changing course late still makes many uneasy,” Wojnarowski reports.


(Via SportingNews)


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