Maloofs Agree To Sell NBA's Kings To Seattle Group - Spokane, North Idaho News & Weather KHQ.com

Maloofs Agree To Sell NBA's Kings To Seattle Group

SEATTLE (AP) - The only thing stopping the Sacramento Kings from a sale and move to Seattle is approval by NBA owners.

The league confirmed in a statement Monday morning that the Maloof family has agreed to sell the Kings to a Seattle group led by investor Chris Hansen. The deal is still pending a vote by the NBA Board of Governors.

A person familiar with the decision said that Hansen's group will buy 65 percent of the franchise for $525 million, move the team to Seattle and restore the SuperSonics name. The Maloofs will have no stake in the team.

The person spoke to The Associated Press on condition of anonymity because the deal was waiting approval.

The plan by Hansen's group is to have the team play at least the next two seasons in KeyArena before moving into a new facility in downtown Seattle. The deadline for teams to apply for a move for next season is March 1.

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.

  • Most Popular StoriesMost Popular StoriesMore>>

  • BEAUTIFUL HOMES: Top 10 Most Expensive Homes For Sale In CDA

    BEAUTIFUL HOMES: Top 10 Most Expensive Homes For Sale In CDA

    Tuesday, March 25 2014 9:20 AM EDT2014-03-25 13:20:34 GMT
    KHQ.COM - When it comes to shopping around for a house, it's always fun to dream. We did a search for some of the most expensive homes for sale right now in the Coeur d' Alene area.>>
    KHQ.COM - When it comes to shopping around for a house, it's always fun to dream. We did a search for some of the most expensive homes for sale right now in the Coeur d' Alene area.>>
  • Widow Seeks $7 Million After Deadly Oso Mudslide

    Widow Seeks $7 Million After Deadly Oso Mudslide

    Friday, April 18 2014 11:10 PM EDT2014-04-19 03:10:58 GMT
    EVERETT, Wash. (AP) - The lawyer for a woman whose husband died in the deadly Washington state mudslide says her client has filed claims seeking a total of $7 million from Washington state and Snohomish County.Lawyer Corrie Yackulic said Friday that Deborah Durnell wants to learn exactly why a hillside gave way and what government officials knew about risks to those living below in the small community of Oso, 55 miles northeast of Seattle.>>
    EVERETT, Wash. (AP) - The lawyer for a woman whose husband died in the deadly Washington state mudslide says her client has filed claims seeking a total of $7 million from Washington state and Snohomish County.Lawyer Corrie Yackulic said Friday that Deborah Durnell wants to learn exactly why a hillside gave way and what government officials knew about risks to those living below in the small community of Oso, 55 miles northeast of Seattle.>>
  • Teen Suspended For Asking Miss America To Prom

    Teen Suspended For Asking Miss America To Prom

    Friday, April 18 2014 11:34 PM EDT2014-04-19 03:34:48 GMT
    YORK, Pa. (AP) — A Pennsylvania high school student is in hot water for asking Miss America to prom during a question and answer session at school. Eighteen-year-old Patrick Farves said he received three days of in-school suspension Thursday because he asked Nina Davuluri to prom.
    >>
    YORK, Pa. (AP) — A Pennsylvania high school student is in hot water for asking Miss America to prom during a question and answer session at school. Eighteen-year-old Patrick Farves said he received three days of in-school suspension Thursday because he asked Nina Davuluri to prom.

    >>