Seattle, looks like you might be getting a basketball team

By selling their controlling interest in the Sacramento Kings for $340 million, the Maloofs today triggered a lengthy review process by the NBA that puts the onus on Sacramento officials to come up with a counter offer to keep the team in town.

This morning, the Maloof family announced that it had signed a binding agreement to sell the team to a Seattle investment group led by hedge fund manager Chris Hansen. In a brief statement, the Kings owners expressed appreciation for Sacramento fans, but offered no details on the proposed move to Seattle.

"We have always appreciated and treasured our ownership of the Kings and have had a great admiration for the fans and our team members," Gavin Maloof said in a prepared statement. "We would also like to thank Chris Hansen for his professionalism during our negotiation. Chris will be a great steward for the franchise."

Sacramento Mayor Kevin Johnson had not commented on the news as of mid-morning. He has been working to assemble a rival ownership group that could buy the team and keep it here.


Read more here: http://www.sacbee.com/2013/01/21/5128586/seattle-deal-for-kings-reported.html#storylink=cpy

What happened to the super sonics?

They're now the OKC Thunder.

Should lighten the load on local probation officers and rape counselors.

Good riddance to them.

Can the local dope dealers apply for supplemental unemployment or other benefits due to the loss of revenue from the players?

In other news, four Sacramento area auto rim stores will be closing down.

The Ferrari dealer will lose his house to foreclosure.

Isn't Seattle on the Hookers tour too?

DJ



Downtown Freddie Brown.



Slick Watts.



Jack Sikma



Lenny Wilkins.



Paul Silas



Gus Williams

Should they be the Sonics? Or a new name?

The Urban Hipsters?

The Tall Machiattos?

Redmond Reboots.

How the hell do you post your list of Sonics heroes without the X MAN!!

Get the Sonics back. Build a new stadium and move the Coyotes in.

Nortenos

Lakers

Crips

Raiders

La Familia

Ravens

Mexican Mafia

Kings

Bloods

Dodgers

Surenos

Redskins

Can't think of many more sports teams off the top of my bald head

I was living in Sac around 2003 when the Kings were making playoff runs, nothing quite as thrilling as a home game at Arco. Sad to see them go. What makes Seattle think they can support a team if they just lost one three or four years back?

This.

My ill informed understanding is the team has support. What didn't have public support was the usual Billionaire support system of using public money to build an arena.

That may (?) have changed.

Didn't mighty Bill Walton play in Seattle?