Less than two days after the NBA Board of Governors voted down the Sacramento Kings relocation, the Maloof family has agreed to sell the team to the group led by Golden State Warriors minority owner Vivek Ranadive. According to a Sacramento Bee report, both sides have signed the agreement and the money has been wired. It was not made clear whether the full reported sale price of $535 million was transfered.
Sacramento Mayor Kevin Johnson told News10 in Sacramento that he thinks the deal will be approved in about a week and added he doesn't forsee any problems from the Board of Governor in that approval process. Ranadive will now have to sell his minority ownership in the Warriors.
The next question is how much, if any, of the Kings front office and coaching staff will return next season. General Manager Geoff Petrie's contract is up and, frankly, it is amazing he lasted this long.
Head Coach Keith Smart has one year left on his contract, but it'd be really tough to see him stick around if Petrie goes. Then comes the roster overhaul that might come with a new front office.
So there are a lot of questions that remain for the Kings, but the key is the Maloof family will be gone very soon and a new arena is a few years down the road. Now if we can just get the Kings back to this color scheme we would be set!
