According to Y! Sports' Adrian Wojnarowski, the Maloof brothers are close to finalizing a deal that would sell the NBA's Sacramento Kings to the Hansen-Ballmer. Reports have it that the Hansen-Ballmer group will be moving the Kings to Seattle. Ballmer is Steve Ballmer, Microsoft's CEO. Seattle has not had an NBA franchise since Clay Bennett moved the Super Sonics to Oklahoma City prior to the 2008-09 season.
Here is Wojnarowski's progression of tweets:
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
The Seattle group's plans, with support of the NBA, is to play two seasons in Key Arena before moving into a new Seattle arena, sources say.
— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013
The Maloofs are expected to keep an extremely small percentage of team, but will have no real input or say in franchise, sources say.There had been reports floating around last summer/fall that the Kings were looking to move to the Virginia Beach area, but ultimately plans for an arena and funding fell through. Stay tuned for details!
— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013
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