The Maloofs Are Selling The Sacramento Kings; Team Moving To Seattle

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Adrian Wojnarowski of Yahoo Sports has confirmed, through Twitter, that the Maloof family is finalizing a deal to sell the Sacramento Kings to a Seattle-based group of investors for $500 million.

The purchasing group is seeking to relocate the franchise to Seattle’s Key Arena for the 2013-14 season until a new arena is built for the Kings.

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