NBA: Kings to be sold

TIM BOOTH AP Sports Writer Published:

SEATTLE (AP) -- Nearly five years after their colors, banners and history were packed away into storage and their franchise relocated, the SuperSonics are one significant step closer to returning to Seattle.

And the Kings are on the edge of leaving Sacramento.

All that appears to stand in the way now is approval by NBA owners.

The Maloof family has agreed to sell the 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 $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.

The person spoke to The Associated Press on condition of anonymity because the deal was waiting approval.

The sale figure works off a total valuation of the franchise, which includes relocation fees. Hansen's group also is hoping to buy out other minority investors.

The Maloofs will get a $30 million non-refundable down payment by Feb. 1, according to the deal, the person said. They will still be allowed to receive other offers until the league approves the sale. The Kings sale price of $525 million would surpass the NBA record $450 million the Golden State Warriors sold for in 2010.

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. The deadline for teams to apply for a move for next season is March 1. The office of Seattle Mayor Mike McGinn confirmed Monday it is already working with Hansen on an agreement for using KeyArena, including scheduling and short-term upgrades to the arena.

"While we are not at liberty to discuss the terms of the transaction or our plans for the franchise given the confidential nature of the agreement and NBA regulations regarding public comments during a pending transaction, we would just like to extend our sincerest compliments and gratitude toward the Maloof family," Hansen said in a statement.

NETS 88, KNICKS 85

NEW YORK -- Joe Johnson made the go-ahead jumper with 22 seconds left and scored 25 points, leading the Brooklyn Nets to a split of the four-game series between the city rivals.

Deron Williams added 14 points and 12 assists for the Nets, who cut the Knicks' Atlantic Division lead to one game.

WIZARDS 98, TRAIL BLAZERS 95

PORTLAND, Ore. -- Jordan Crawford hit a 3-pointer at the buzzer and Washington dogpiled on the court to celebrate the win.

Nicolas Batum had 12 points, 10 rebounds and 11 assists for his first career triple-double, but Portland still lost its season-high sixth straight.

ROCKETS 100, BOBCATS 94

CHARLOTTE, N.C. -- James Harden scored 29 points and hit all 10 of his free throws in the fourth quarter and Houston rallied to snap a seven-game losing streak.

Kemba Walker scored a career-high 35 points for the Bobcats, who set a franchise record with their 15th straight loss at home.

SPURS 90, 76ERS 85

PHILADELPHIA -- Tim Duncan had 24 points and 17 rebounds and Tony Parker scored 20 points to lead San Antonio to its fifth straight win. Evan Turner led Philadelphia with 18 points and 12 rebounds.

BULLS 95, LAKERS 83

CHICAGO -- Kirk Hinrich scored 22 points, Marco Belinelli added 15 points, and the Bulls pulled away with an 18-4 run that broke a 75-75 tie and sent Los Angeles to its ninth loss in 11 games.

PACERS 82, GRIZZLIES 81

MEMPHIS, Tenn. -- George Hill scored 13 points, including a clinching free throw with 1.4 seconds remaining to give Indiana a victory over Memphis in the annual Martin Luther King Day game.

WARRIORS 106, CLIPPERS 99

OAKLAND, Calif. -- Jarrett Jack had 18 points and 10 assists, Stephen Curry made four 3-pointers in the fourth quarter and Golden State rallied from seven points down in the final 11 minutes.

HORNETS 114, KINGS 105

NEW ORLEANS -- Ryan Anderson scored 27 points and New Orleans survived a second half without Anthony Davis in a victory over Sacramento.

HAWKS 104, TIMBERWOLVES 96

ATLANTA -- Al Horford scored a season-high 28 points, Jannero Pargo had 16 and Atlanta snapped a two-game slide with a victory over Minnesota.

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