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The Boston Globe

Sports

Sports log: Kings set for sale, move to Seattle

NBA

The Maloof family agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen, the league confirmed in a statement Monday morning. The deal is still pending a vote by the NBA Board of Governors. A person familiar with the decision said that Hansen’s group will buy 65 percent of the franchise, which is valued at a total price of $525 million, and move the team to Seattle and restore the SuperSonics name. The deal will cost the Hansen group a little more than $340 million. The Maloofs will have no stake in the team. Han­sen’s group also is hoping to buy out other minority investors. The plan by Hansen’s group is to have the team play at least the next two seasons in KeyArena before moving into a new facility in downtown Seattle. Sacramento’s mayor, Kevin Johnson, a former All-Star player, said last week he received permission from NBA commissioner David Stern to present a counteroffer to owners from buyers who would keep the Kings in Sacramento.

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