Kelley L Cox-USA TODAY Sports

Sacramento Kings moving to Seattle; Deal nearly finalized according to reports

It looks like the NBA is returning to Seattle as the Maloof family is reportedly finalizing an agreement to sell the Sacramento Kings to an ownership group from Seattle.

 

The Seattle ownership group is led by Chris Hansen and Steve Ballmer. It has been reported that the sale of the Kings will be for $500 million which would be the most a team has ever been sold for.

Hansen’s group is already underway building a new arena in Seattle located near Safeco Field where the Seattle Mariners play. That arena won’t be ready until the 2015-16 season and until then, the new team plans to use Key Arena which is where the Sonics last played.

An agreement has not been signed yet and the Maloofs have a history of backing out of deals at the last minute but sources close to the situation believe there is just about no chance of this deal not happening.

The last season of the Seattle Supersonics was back in 2007-08 which was Kevin Durant’s rookie season. The only Oklahoma City Thunder players that remain with the Thunder from that Sonics team are Durant and Nick Collison.

The Kings relocated from Kansas City to Sacramento back in 1985. They had a great run under the Maloofs especially in the early 2000s when they were closes to winning a title in 2002.

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Tags: Chris Hansen Maloof Brothers Oklahoma City Thunder Sacramento Kings Seattle Supersonics

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