Maloofs finalizing deal to sell the Kings to a Seattle group - Cleveland 19 News Cleveland, OH

Maloofs finalizing deal to sell the Kings to a Seattle group

Maloofs finalizing deal to sell the Kings to a Seattle group Maloofs finalizing deal to sell the Kings to a Seattle 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.

 

The deal will sell the Kings for approximately $500 million, with the Seattle group seeking relocation to Key Arena for the 2013-'14 season.

 

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.

Originally posted by Zach Harper on CBSSports.com

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