Sacramento Kings to Be Sold, Moved to Seattle

by at . Comments

The Sacramento Kings are about to be called for a traveling violation.

Adrian Wojnarowski of Yahoo Sports has Tweeted confirmation that the Maloof family is on the verge of selling the team to a Seattle-based group of investors for $500 million.

That contingent - led by Valiant Capital’s Chris Hansen and Microsoft CEO Steve Ballmer - will then move the Kings to Seattle, hopefully in time for the 2013-2014 season.

Sacramento Kings

Seattle was home to the SuperSonics for 40 years until that team left for Oklahoma City in 2008.

According to Yahoo Sports, the new owners will build a new arena for the Kings, and, until then, home games will be played in KeyArena.

The Maloofs have struggled for years with their finances. They sold a majority of their Palms Casino in Las Vegas a couple years ago and have flirted before with moving the Kings elsewhere.

Our apologies go out to residents of Sacramento for losing their squad. But look at the bright side: at least DeMarcus Cousins is someone else's problem now.

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sacramento is just another city who declared "Bankruptcy"?