Originally written on Bloguin Best  |  Last updated 11/6/14
I do not pretend to understand all the technical jargon of selling or relocating an NBA team, but from where I am sitting, it seems like the Sacramento Kings’ move to Seattle is going to happen. The Maloof family has agreed to sell their majority ownership to a Seattle group led by Chris Hansen, who I recently found out is actually NOT the “To Catch a Predator” guy (just kidding). So how much are the Sacramento Kings worth? Apparently a lot more than you might think. The Maloofs and another part owner are selling 65 percent of the franchise for $525 million. I know that figure includes fees and other various money amounts but that is still pretty impressive considering the franchise is only valued at $293 million and it was originally bought for $156 million. Remember last year when the owners fought against the players for every single penny during the lockout because they were bleeding money? LeBron James does. After news got out about the sale of the Kings, King James t...
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