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. Raptors say malfunctioning shot clocks will be fixed in time for Game 2 vs. Nets

    Apr 20, 2014, 11:00 AM EDT

    raptors shot clock

    Shot clocks stopped working midway through the third quarter, but Raptors say all will be well in time for Game 2.

  2. Thunder start fast, cruise to Game 1 win over Grizzlies

    Apr 20, 2014, 12:44 AM EDT

    Memphis Grizzlies v Oklahoma City Thunder - Game One Getty Images

    OKC led by as many as 25 points in the first half.

  3. Kyle Korver swats Roy Hibbert’s shot out of bounds (VIDEO)

    Apr 19, 2014, 11:30 PM EDT

    Indiana Pacers v Atlanta Hawks - Game Four Getty Images

    Roy Hibbert wasn’t good in Game 1 against the Hawks, and this play epitomized his performance.

  4. Pacers’ troubles continue as Hawks convincingly win Game 1

    Apr 19, 2014, 10:01 PM EDT

    Pacers' Hibbert looks down court during Game 6 of their NBA Eastern Conference Final basketball playoff series against the Heat in Indianapolis Reuters

    The eight-seed Hawks blowout the Pacers in Game 1.

  5. Warriors take Game 1 from Clippers

    Apr 19, 2014, 7:12 PM EDT

    Stephen Curry Stephen Curry

    Warriors steal Game 1 in Los Angeles.

  6. Nets defense smothers Raptors, gets Brooklyn Game 1 win on road

    Apr 19, 2014, 4:06 PM EDT

    Toronto Raptors guard Kyle Lowry (7) battles under the hoop with Brooklyn Nets centre Kevin Garnett (2) but they couldn't get it done as the Nets won 94-87 Getty Images

    Playoff games are played in the halfcourt and the Nets owned that in Game 1.

  7. Raptors GM Masai Ujiri screams ‘F— Brooklyn’ to crowd at rally before Game 1 vs. Nets (VIDEO)

    Apr 19, 2014, 2:39 PM EDT

    Masai Ujiri AP

    A rare and raw show of emotion from a team’s GM was caught on camera.

  8. Toronto Sun fires shot at aging Brooklyn Nets (PHOTO)

    Apr 19, 2014, 12:30 PM EDT

    Kevin Garnett, Paul Pierce Kevin Garnett, Paul Pierce

    “Garnett and Pierce are so old the Raptor had to ask his dad about them.”

  9. Adam Silver says after owners’ meeting raising age limit top priority

    Apr 19, 2014, 9:29 AM EDT

    Adam Silver Adam Silver

    The owners are behind Silver’s effort to raise the age limit. Now there’s just the pesky matter of negotiating with the players’ union.

  10. PBT Extra: Are Pacers or Spurs in any trouble in first round?

    Apr 19, 2014, 8:00 AM EDT

    Paul George, Pero Antic Paul George, Pero Antic

    You can construct a scenario where the Pacers are in trouble… except they play the Hawks.

  11. All PBT’s first round playoff previews in one place

    Apr 19, 2014, 2:15 AM EDT

    San Antonio Spurs v Miami Heat - Game 7 Getty Images

    Making your playoff preview reading convenient.

  12. Grizzlies guard Nick Calathes suspended 20 games for violating NBA’s anti-drug policy

    Apr 19, 2014, 1:54 AM EDT

    Nick Calathes, Damian Lillard AP

    Grizzlies’ guard will definitely be missed in the rotation.

  13. Craig Sager has acute leukemia

    Apr 19, 2014, 1:50 AM EDT

    Indiana Pacers v Miami Heat - Game Five Indiana Pacers v Miami Heat - Game Five

    We may not see him on the sidelines of TNT games these playoffs.

  14. NBA Playoff Preview: Brooklyn Nets vs. Toronto Raptors

    Apr 18, 2014, 11:55 PM EDT

    Brooklyn Nets v Toronto Raptors Getty Images

    This should be the East’s most competitive first round matchup.

Featured video

Warriors vs. Clippers playoff preview
Top 10 NBA Player Searches
  1. L. James (3446)
  2. D. Wade (3422)
  3. S. Curry (3285)
  4. C. Anthony (3109)
  5. A. Bogut (3049)
  1. K. Durant (2963)
  2. R. Westbrook (2780)
  3. D. Williams (2776)
  4. D. Rose (2660)
  5. K. Love (2560)