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Sources: Deal for Grizzlies reached

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Not Kings or arena related but this could give us an idea of what the Kings could be sold for. "Sources told ESPN.com that Heisley has an agreement in principle to sell the team to communications technology magnate Robert Pera, who at 34 has a spot on Forbes' list of the 10 youngest billionaries in the world. The purchase price is in the $350 million range, sources said. A formal announcement to publicize the agreement between the parties is expected this week, possibly as soon as later Monday, with NBA Board of Governors approval then required before Pera can be officially installed as successor to Heisley, who recently turned 75. Sources say that Pera intends to keep the team in Memphis. The Grizzlies' lease at the FedExForum, furthermore, ties the team to the city until the year 2021, with steep financial penalties attached to breaking that lease." Aaron Bruski tweeted the following on the upcoming sale of the Grizzlies: "The reported (approx) $350M price is noteworthy for Kings fans, as it sets the market in a range the Maloofs may bite on. The SAC TV market (#20) is over twice the size of Memphis (#49) and NO (#52, $338M - Benson)."

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