Skip to content

Report: Maloof family near deal to sell Kings to Hansen’s Seattle syndicate

Jan 9, 2013, 1:53 PM EDT

Seattle_Supersonics_Logo

Seattle appears about to get the Sonics back.

And Sacramento fans are about to take the place of Seattle fans as “good fan base screwed over by bad ownership.”

We told you earlier today that there had been some buzz building that a deal was nearing where the Maloof family would sell the Sacramento Kings to Chris Hansen and Steve Ballmer’s Seattle group. A group that already has arena plans well underway and just waiting on a team.

Now Adrian Wojnarowski of Yahoo Sports and the NBC Sports Network says that deal is near done.

Wow. That frankly is overpaying for a franchise — that will be the biggest sale price in NBA history — but we have known for a while that Hansen was willing to overpay to get a team in his building.

The deal is not finalized and the Maloofs are a house divided and one known to change direction on a whim. But this appears very close to real and is something David Stern had reportedly pushed for behind the scenes. Wojnarowski reports the Maloofs would keep a minority ownership in the team, but would have no say in how the franchise is run.

The team would move up next season then play a couple seasons in the old Key Arena while a new building is constructed. Plans for that building are well underway and are in an environmental review phase. But the financing is in place.

This is great news for Seattle, a large and passionate NBA fan base that deserves an NBA team. The franchise can take the Sonics name back, it was left when the Sonics became the Thunder in Oklahoma City.

But this sucks for the fans in Sacramento, who did nothing wrong but have ownership that made bad investments elsewhere that impacted their ability to run an NBA team. Mayor Kevin Johnson fought hard to get a workable deal in place to build a new arena in Sacramento that would keep the Kings, but it required a buy in from the Maloof family and they just would not.

Latest Posts
  1. ProBasketballTalk 2014-15 Preview: Charlotte Hornets

    Oct 1, 2014, 10:00 AM EDT

    Charlotte Hornets Media Day Charlotte Hornets Media Day

    The new-look Hornets, with Lance Stephenson in tow, are hoping to build on a playoff run and a promising young core.

  2. Kobe Bryant plans to play in all 8 preseason games for Lakers

    Oct 1, 2014, 9:30 AM EDT

    Los Angeles Lakers v Atlanta Hawks Getty Images

    Kobe wants to shake the rust off before the games count for real later this month.

  3. Kevin Durant compares shot selection to apple picking in latest Nike spot (VIDEO)

    Oct 1, 2014, 8:30 AM EDT

    Kevin Durant AP

    “I approach scoring like apple picking,” says Durant. “Keep the good ones and leave the rotten ones.”

  4. Sixers reportedly waive Pierre Jackson

    Oct 1, 2014, 8:00 AM EDT

    Pierre Jackson AP

    Jackson is out for the season due to injury, but will be getting a nice payday from Philadelphia nonetheless.

  5. Cavaliers give sneak peek of new home court design (VIDEO)

    Oct 1, 2014, 12:06 AM EDT

    cavs court

    New floor should be in place for the start of the 2014-15 season.

  6. Nuggets mascot in trouble after making unauthorized appearance at GOP rally

    Sep 30, 2014, 10:51 PM EDT

    Los Angeles Lakers v Denver Nuggets Getty Images

    Professional sports franchises are businesses above all else, and typically would rather avoid politics.

  7. Tuesday And-1 Links: Rudy Gay, Kings not really talking next contract right now

    Sep 30, 2014, 9:00 PM EDT

    Rudy Gay, Pete D'Alessandro, Michael Malone Rudy Gay, Pete D'Alessandro, Michael Malone

    Ben McLemore knows how to photobomb. His coach isn’t sure he can do much else.

  8. John Calipari hired someone to send NBA advanced stats of Kentucky’s players

    Sep 30, 2014, 7:20 PM EDT

    John Calipari John Calipari

    I don’t know whether this helps Kentucky’s players. It opens Calipari’s options, though.

  9. Former NBA player, current TNT analyst Kenny Smith gets reality show with family

    Sep 30, 2014, 6:28 PM EDT

    Kenny Smith Getty Images

    Now we know what show promos TNT is going to beat us over the head with during the next playoffs.

  10. ProBasketballTalk 2014-15 Preview: Miami Heat

    Sep 30, 2014, 5:44 PM EDT

    Chris Bosh Chris Bosh

    Expectations are reduced, but Miami still has the chance to be pretty a pretty good team — even without LeBron James.

  11. Dion Waiters on claim Wizards have NBA’s best backcourt: ‘That’s nonsense’

    Sep 30, 2014, 4:20 PM EDT

    Washington Wizards v Cleveland Cavaliers Getty Images

    John Wall fires back: ‘They haven’t seen a playoff game yet. When they make one they can start talking.’

  12. Mike Miller points to him being amnestied as start of LeBron James leaving Miami

    Sep 30, 2014, 2:59 PM EDT

    San Antonio Spurs v Miami Heat - Game 7 Getty Images

    Mike Miller being amnestied may have been the first domino to fall in LeBron bolting.

  13. LeBron James dealing with back pain

    Sep 30, 2014, 12:59 PM EDT

    Cleveland Cavaliers Media Day Getty Images

    LeBron could miss Cavaliers’ practice tonight

Featured video

What players stood out at World Cup?
Top 10 NBA Player Searches
  1. L. James (3785)
  2. R. Rondo (3488)
  3. K. Bryant (3434)
  4. R. Allen (2442)
  5. D. Wade (2402)
  1. D. Williams (2275)
  2. K. Leonard (2049)
  3. D. Rose (2010)
  4. E. Bledsoe (1968)
  5. N. Noel (1944)