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Kings to Seattle: Chris Hansen to Buy Team for $500M

For five years now Seattle sports fans have been whining, crying and complaining about how they were robbed of their beloved basketball team. And that’s fine. They were in fact robbed by greedy, money-hungry jokers who pulled the ultimate con job when they relocated the Sonics and turned them into the Oklahoma City Thunder.

Of course, the fact that Seattle knows how painful it is to have its basketball team ripped away apparently won’t prevent the powers that be from doing the very same thing with the Sacramento Kings.

According to Adrian Wojnarowski of Yahoo! Sports, the Maloofs are finalizing a deal that will culminate in them netting $500 million and the Kings moving north. 

No agreement signed, but one source describes deal as "1st and goal at 1." Maloofs history of changing course late still makes many uneasy.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013

The Maloofs are finalizing an agreement to sell the Sacramento Kings to the Hansen-Ballmer led Seattle group, sources tell Yahoo! Sports.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013

The deal will sell the Kings for approximately $500 million, with the Seattle group seeking relocation to Key Arena for the 2013-'14 season.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013

The Seattle group's plans, with support of the NBA, is to play two seasons in Key Arena before moving into a new Seattle arena, sources say.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013

The Maloofs are expected to keep an extremely small percentage of team, but will have no real input or say in franchise, sources say.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013

The Kings’ departure from Sacramento has been inevitable for a while now, but that doesn’t make it any less sad. Back when this team was good in the late 1990s and early 2000s, its fans were some of the best in basketball. They were the ones who gave other small market franchises hope of a better future – sort of the way OKC does nowadays. Yes, the fans eventually gave up, but only because of the horrendous product that they begin to see on the court all too regularly.

The Maloofs ran this franchise into the ground, plain and simple. Their punishment? Five hundred million and no more headaches. Meanwhile, the ride or die fans that rolled with this squad since the very beginning? They’re left with the same thing Seattle fans were left with five years ago – nada.

Nobody is saying Seattle doesn’t deserve its own basketball team or that fans should feel bad, per se, but it would be nice if at least a few of them offered words of condolence to a city that’s guilty of nothing more than having totally inept and really greedy team’s owners.

Update - Or not.

Source: Seattle groups offer was rejected by Maloofs. Hmmm. Plot thickening by the minute.

— stevelarge_cbs13 (@largesteven) January 9, 2013

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