Originally posted on Hoop Fantasies Fantasy Basketball Blog  |  Last updated 1/11/13
The Sacramento Kings sale to a Seattle group is a done deal, if you believe a report from Comcast Sportsnet Bay Area's Matt Steinmetz.  Here's his latest report: "I've heard from reliable source that the Kings' sale to Hansen-Ballmer in Seattle is done deal. Source said price of the sale is $525 million. The source said further that the Maloofs will have no stake or decision-making with Seattle team and are out." Yahoo Sports' Adrian Wojnarowski reported Thursday that the Maloof family was nearing a deal to sell the franchise to a group led by hedge-fund manager Chris Hansen and Microsoft chairman Steve Ballmer. The Seattle group would then move the team to Seattle to play in KeyArena for the 2013-14 season -- and the team would play two seasons there before moving into a new arena. If the sale is completed, the new owners will have until March to file for relocation. The league is expected to approve of the move. The sale and move of the Kings seems inevitable at this point.
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