AP sources: Maloofs agree to sell Kings

Updated: January 21, 2013, 12:45 AM ET
Associated Press

The Maloof family has agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen, two people familiar with the decision said Sunday night.

The people spoke on condition of anonymity to The Associated Press because the deal is still pending approval from the NBA Board of Governors.

One person said the Maloofs are selling all 65 percent of their share for $525 million to Hansen, who will move the team to Seattle and restore the SuperSonics name.

The sale ...

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