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Maloofs reportedly make decision on future of the Kings/Sonics

Maloofs reportedly make decision on future of the Kings/Sonics

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 that Chris Hansen negotiated. Hansen then increased the valuation offer to $550 million last week.

Full story: seattletimes.com

 

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