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Bee: No Deal Yet, But Talks are Ongoing

The Sacramento Bee reports that while a deal is not finalized yet, both Seattle and the Maloofs are engaged in talks of a possible sale.

Jared Wickerham

Information keeps flying in about the Kings possible sale to the Seattle group led by the likes of Chris Hansen and Steve Ballmer. The latest report by the Bee seems to indicate that talks of a completed deal might have jumped the gun but that the two sides are definitely actively engaged.

The Sacramento Kings are in fact engaged in talks with a Seattle investment group about a possible sale, a source told the Bee today, but he and another source denied a media report that a deal is at hand.

The talks have been "conceptual," said one source, who declined to be named because he is not authorized to speak on the matter. The online media report about a pending sale "is premature," another source said. That person said the Seattle group has not made a formal offer to the Maloof family, owners of the Kings.

Previously, the Maloof family said it is not willing to sell the team. The family has softened that position, the second source said.

"If someone was to put a crazy number on the table, their perspective could change," he said. "If somebody like a (Chris) Hansen (the head of the Seattle group) were to actually make an offer, which hasn't happened yet, and that offer was ridiculous, things could change."

"Nothing crazy has happened yet."

This makes much more sense than a previous report from Steve Larger of CBS 13 which claimed that the Maloofs had rejected Seattle's offer.

If the Maloofs are indeed now focused on selling the team, I would hope that they would give Sacramento a chance to match any offer from Seattle.