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Maloofs inform NBA they favor Seattle deal for Kings

Sacramento Kings - NBA

The Maloof family is asking NBA owners to approve the sale of the Kings to a Seattle group, saying there is "significant distance between us and the Sacramento group." In a letter sent to the NBA's relocation and finance committee, and obtained by The Associated Press on Friday, the Maloof family said the Sacramento group originally matched the $525 million valuation for the franchise negotiated by Chris Hansen, who is heading the Seattle group. Hansen then increased the valuation offer to $550 million last week.

 

Seattle filled with glee — and guilt — over NBA bid

Five years after its beloved SuperSonics bolted for Oklahoma City, Seattle is on the verge of luring Sacramento's basketball team. Seattleites are thrilled, yet feel Sacramento's pain.

 

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