Jan 9, 2013, 1:53 PM EDT
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.
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
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.
May 23, 2015, 12:25 AM EDT
Cleveland shut down Atlanta’s offense in a dominant Game 2 performance.
May 22, 2015, 11:16 PM EDT
LeBron was great, and that was enough against a Hawks team that keeps losing guys due to injury.
May 22, 2015, 10:30 PM EDT
There’s also video of Harden doing some damage in the tunnel on the way to the locker room.
May 22, 2015, 9:30 PM EDT
Ruled a flagrant, which was probably the correct call under the circumstances.
May 22, 2015, 8:30 PM EDT
GM Mitch Kupchak: “It looks as though we’ll use our pick this year.”
May 22, 2015, 7:38 PM EDT
Irving is dealing with a knee injury.
May 22, 2015, 7:15 PM EDT
Explaining Stephen Curry’s game is just not that easy.
May 22, 2015, 6:49 PM EDT
Did they disagree? Sure. Was there a rift… depends on who you ask.
May 22, 2015, 5:45 PM EDT
Even an older NBA player has mad skills.
PBT Extra: Klay Thompson’s done well, but Warriors should throw other defenders at James Harden, too
May 22, 2015, 4:59 PM EDT
It might help Thompson’s offense, too.
May 22, 2015, 4:15 PM EDT
Summer League is a perfect place for giving White another look.
May 22, 2015, 3:30 PM EDT
Give some credit to Stephen Curry and Klay Thompson, who got back on defense.
Report: Lakers have ‘big-time’ interest in signing DeMarre Carroll, Celtics and Pistons also in pursuit
May 22, 2015, 2:45 PM EDT
Would they pay him the $15 million per season one NBA executive estimated the Hawks forward could get in free agency?
Report: Tom Thibodeau believed to prefer sitting out next season rather than helping Bulls by accepting trade
May 22, 2015, 2:07 PM EDT
That could leave Magic, Pelicans, Bulls and Thibodeau in a bind
May 22, 2015, 1:28 PM EDT
Which probably means it’s his last in the NBA
Chandler Parsons won’t say whether his surgery was microfracture, might not be ready for training camp
May 22, 2015, 12:50 PM EDT
Tea leaves reading negative for Mavericks
May 22, 2015, 12:13 PM EDT
LeBron James poised for a big game
Report: Lakers not locked into drafting Karl-Anthony Towns or Jahlil Okafor, could pick a guard at No. 2
May 22, 2015, 11:38 AM EDT
That’d be D’Angelo Russell or Emmanuel Mudiay
May 22, 2015, 11:02 AM EDT
Consider it Riley’s revenge
May 22, 2015, 10:25 AM EDT
Is his injury more serious than previously thought?
- No Kyrie Irving, no problem: Cavaliers cruise to blowout Game 2 win over Hawks 8
- Kyrie Irving out for Game 2 vs. Hawks 5
- PBT Extra: Klay Thompson’s done well, but Warriors should throw other defenders at James Harden, too 5
- PBT Extra: Give Warriors defense some credit for stop of Harden on last play 0
- Lakers general manager says Kobe Bryant told him next season will be Kobe’s last with Lakers 17
- For two games James Harden has been brilliant, but that’s not what anybody is talking about 25
- Warriors survive James Harden in Game 2, take 2-0 lead in Western Conference finals 15
- PBT Extra: No DeMarre Carroll leaves Hawks in tough spot 3