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Maloof Brothers

File photo of Sleep Train Arena in Sacramento, Calif. (credit: Rocky Widner/NBAE via Getty Images)

Deal Reached To Sell Kings To Sacramento Group

The Sacramento Kings’ unsteady future finally seems to be settled. A person familiar with the deal says the Maloof family has reached an agreement with a Sacramento group to sell a 65 percent controlling interest in the Kings at a total franchise valuation of $535 million.

CBS Seattle–05/17/2013

Joe and Gavin Maloof in 2002 (Rocky Widner/ NBAE/ Getty Images)

Letter: Maloofs Favor Seattle’s Deal For Kings

The Maloof family is asking NBA owners to approve the sale of the Kings to a Seattle group, saying there is “significant distance between us and the Sacramento group.”

1090 The Fan–04/19/2013

Sacramento mayor Kevin Johnson and owners Joe Maloof and Gavin Maloof of the Sacramento Kings join hands as they address fans in February of 2012 (Photo by Rocky Widner/NBAE via Getty Images)

Maloof Brothers No Longer ‘Kings’ Of Sacramento

The moment will be seared into the minds of long-suffering Sacramento Kings fans forever. Sacramento Mayor Kevin Johnson and Kings owners Joe and Gavin Maloof standing together at center court, holding hands and raising their arms in triumph after both sides agreed to an arena financing plan to keep the NBA team in town for at least another 30 years.

1090 The Fan–04/02/2013

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