Sacramento Kings fan Gloria Bailey holds a sign campaigning to keep the team in Sacramento, Calif., as she stands in line before an NBA basketball game between the Kings and the Los Angeles Clippers, Wednesday, April 17, 2013.
Correction: An earlier version of this story inaccurately said the NBA’s Relocation Committee is made up 12 owners, including Clay Bennett. The committee is made up of seven members and includes Clay Bennett.
The return of NBA basketball to Seattle appears closer than ever. Investor Chris Hansen announced on Monday that he's reached an agreement with the Maloof family to buy a controlling interest in the Sacramento Kings. The deal still needs formal approval from the NBA’s owners. Meanwhile, Sacramento Mayor Kevin Johnson is hopeful he can keep the team in town. How do you put a number on a pro basketball franchise? We talk with Smith College economist Andrew Zimbalist.
After weeks of rumors, it appears Seattle may have a new professional basketball team to replace the SuperSonics. Investor Chris Hansen said his group has entered an agreement to purchase a controlling interest in the Sacramento Kings. Seattle sports fans seemed pleased by the deal, but confessed they don’t know much yet about their new home team.
Chris Hansen announced Monday that his investment group has a "binding agreement" to buy controlling interest in the Sacramento Kings basketball team from the Maloof family. The announcement ends weeks of rumor and speculation.