AP sources: Maloofs agree to sell Kings - SWX Right Now-Sports for Spokane, CdA, Tri-Cities, WA

AP sources: Maloofs agree to sell Kings

Posted: Updated:

Two people familiar with the decision says the Maloof family has agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen.

 

The people spoke on condition of anonymity to The Associated Press on Sunday night because the deal is still pending approval from the NBA Board of Governors.

 

One person said the Maloofs are selling all 65 percent of their share for $525 million to Hansen, who will move the team to Seattle and restore the SuperSonics name.

 

The Maloofs will still be allowed to look at other bids until the league approves the sale.

 

Sacramento Mayor Kevin Johnson said last week he had received permission from NBA Commissioner David Stern to present a counteroffer to league owners from buyers who would keep the Kings in Sacramento.

 

The deadline for teams to apply for a move for the next season is March 1.

 

  • Pro SportsProMore>>

  • Shock Talk: Andy Olson Before The Playoffs

    Shock Talk: Andy Olson Before The Playoffs

     Spokane Shock head coach Andy Olson joined SWX's Sam Adams in the Fasteners Sports Studio for a special playoff edition of Shock Talk powered by VPI Home Solutions on Wednesday, July 30.More >>
     Spokane Shock head coach Andy Olson joined SWX's Sam Adams in the Fasteners Sports Studio for a special playoff edition of Shock Talk powered by VPI Home Solutions on Wednesday, July 30.More >>
  • Shock To Face San Jose In First Round Of Playoffs

    Shock To Face San Jose In First Round Of Playoffs

    The Spokane Shock (11-7) open their playoff run on the road against the San Jose SaberCats (13-5) on Saturday, Aug. 2 at 7:00 p.m. PDT in the SAP Center. The game can be viewed online at WatchESPN.com and through the WatchESPN app.More >>
    The Spokane Shock (11-7) open their playoff run on the road against the San Jose SaberCats (13-5) on Saturday, Aug. 2 at 7:00 p.m. PDT in the SAP Center. The game can be viewed online at WatchESPN.com and through the WatchESPN app.More >>
  • Volcanoes Edge Past Tri-City

    Volcanoes Edge Past Tri-City

    The Tri-City Dust Devils scored five runs in the second inning, but the Salem-Keizer Volcanoes used a four-run rally in the ninth to take an 8-7 victory Wednesday night at Gesa Stadium.More >>
    The Tri-City Dust Devils scored five runs in the second inning, but the Salem-Keizer Volcanoes used a four-run rally in the ninth to take an 8-7 victory Wednesday night at Gesa Stadium.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and SWXRN. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.