George Maloof says Kings-to-Seattle deal not close

George Maloof says Kings-to-Seattle deal not close
January 10, 2013, 5:15 pm

After reports surfaced that the Maloofs were close to finalizing a deal that would send the Kings to Seattle, George Maloof told a Sacramento reporter that's not the case.

This is not the first time that the Maloofs have reportedly been in talks to move the team out of Sacramento. In January of 2011, the Maloofs were reported to be in discussions to move the team to Anaheim. But in May of 2011, the Maloofs announced that they would keep the team in Sacramento for at least one more season.

Fast-forward to Febuary of 2012, when Sacramento mayor Kevin Johnson announced that the city and the Maloofs had agreed on the basics of a financing plan to build a new arena. But in early April, the Maloofs responded with a press conference explaining their issues with the supposed deal.

The Kings' potential move to Seattle will be decided by a committee of owners and the NBA's board of governors with Commissioner David Stern's advice, according to USA TODAY.

In August, the Kings were connected to a plan to build an arena in Virginia Beach, but that idea expired when construction never started in 2012.

A day after Virginia Beach's mayor announced that the plan would not come to fruition, on January 9, Yahoo! Sports reported that Seattle billionaire Chris Hansen would buy the Kings for $500 million. That brings us to Thursday, when Maloof told Bryan May that the deal was not close.

Stay tuned as this story is far from over.

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