Originally posted on Crossover Chronicles  |  Last updated 5/17/13
Well that escalated quickly.  Less than two days after the NBA Board of Governors voted down the Sacramento Kings relocation, the Maloof family has agreed to sell the team to the group led by Golden State Warriors minority owner Vivek Ranadive. According to a Sacramento Bee report, both sides have signed the agreement and the money has been wired.  It was not made clear whether the full reported sale price of $535 million was transfered. Sacramento Mayor Kevin Johnson told News10 in Sacramento that he thinks the deal will be approved in about a week and added he doesn't forsee any problems from the Board of Governor in that approval process. Ranadive will now have to sell his minority ownership in the Warriors. The next question is how much, if any, of the Kings front office and coaching staff will return next season. General Manager Geoff Petrie's contract is up and, frankly, it is amazing he lasted this long.  Head Coach Keith Smart has one year left on his contract, but it'd be really tough to see him stick around if Petrie goes.  Then comes the roster overhaul that might come with a new front office. So there are a lot of questions that remain for the Kings, but the key is the Maloof family will be gone very soon and a new arena is a few years down the road.  Now if we can just get the Kings back to this color scheme we would be set! [follow]
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Eddie Lacy defends Mike McCarthy for weight loss comments

Red Sox nearly had serious catcher emergency in loss to Tigers

Ohio State DL Dylan Thompson ineligible for season

Roger Federer will miss Olympics, U.S. Open with knee injury

Seahawks extend Pete Carroll through 2019

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

LSU kicker Colby Delahoussaye releases first statement following car crash

Report: Brock Osweiler could have made more money staying with Broncos

Andrew Luck: Feels `as good as I've ever felt` for training camp

Amar'e Stoudemire announces retirement after signing one-day contract with Knicks

Report: Gregory failed multiple drug tests since suspension

Olympian Abby Johnston: Worst thing about Olympic village is no Pokemon

Five NFL teams set to rise up in 2016

Jeremy Lin reportedly looking to trademark phrase ‘Brook-Lin’

Matt Leinart engaged to actress Josie Loren

WATCH: Inside the Nike SNKRS BOX in SF for Golden Air Celebration

Report: Paul Pierce to return to Clippers

Jimbo Fisher: You come to FSU to win national championships

Andre Johnson worked out for Tennessee Titans

Shattenkirk for Krejci trade rumor still floating around

NHL Commissioner Gary Bettman denies link to C.T.E.

Michael Vick: Cam Newton can’t beat me in 40-yard dash

WATCH: Five other uniforms Chris Sale should cut up

Odell Beckham Jr. says Giants will play in Super Bowl LI

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

WATCH: Inside the Nike SNKRS BOX in SF for Golden Air Celebration

WATCH: Five other uniforms Chris Sale should cut up

QUIZ: Name every Olympic event in which the USA has never won a gold medal

Five U.S. Olympians favored to win multiple gold medals

WATCH: What teams should join the Big 12?

One Gotta Go: Do NBA players really love NBA2K?

One Gotta Go: NBA players hate Facebook too

One Gotta Go: NBA players settle the fast food beef

One Gotta Go: NBA players make tough choices on their favorite rappers

One Gotta Go: NBA Summer League is not about that Game of Thrones life

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker