NBA Fans in Seattle not Sleepless
- Updated: January 10, 2013
The NBA is returning the Seattle as the Maloof family is finalizing an agreement to sell the Sacramento Kings to a group that hopes to move the franchise to Seattle for the 2013-14 season, as reported by Yahoo! Sports.
The sell for the Kings is around $500 million to a group led by hedge-fund manager Chris Hansen and Microsoft chairman Steve Ballmer. The group is seeking to relocate the franchise to Seattle’s KeyArena for the 2013-14 season.
Seattle has been without an NBA since the Sonics relocated to Oklahoma City in 2008 and renamed themselves the Thunder. The early word is that the relocated franchise will be named the Seattle SuperSonics, a wear the familiar green and gold.
The Kings have been a part of the NBA since the in 1948 as the Rochester Royals with the merger of the Basketball Association of America and the National Basketball League. The club later moved to Cinncinnati in 1957 then relocated to Kansas City in in 1972, they were renamed the Kings with that move. The franchise moved to Sacramento in 1985.
This deal also downs the rumors that team would move to Virginia Beach, VA. The city’s Mayor, Will Sessoms told the Virginian-Pilot that “The city is kind of withdrawing…” and “The city doesn’t see a clear opportunity at this point and as such it’s not something we’re aggressively going after.” He told the Sacramento Bee that “This just ain’t gonna work at this point in time.”