By Herald news services
Yahoo! Sports NBA writer Adrian Wojnarowski is reporting on Twitter that the Sacramento Kings are in the final stages of being sold to a Seattle-led ownership group, with the goal of having the team play at Key Arena for the 2013-14 season.
Former Seattle P-I columnist Art Thiel, who now owns and operates SportspressNorthwest.com, also confirmed the report through an unnamed elected Seattle city official.
The Maloof brothers, who own the Kings, are said to be close to selling the team to a group led by Chris Hansen and Steve Ballmer for nearly $500 million.
Hansen has been in talks with the City of Seattle for months about building a new basketball/hockey arena south of downtown near CenturyLink Field and Safeco Field, where the Seahawks, Sounders and Mariners play.
While the deal isn't done, Wojnarowski says on Twitter, "one source describes deal as '1st and goal at 1.' Maloofs history of changing course late still makes many uneasy."
The original Sonics franchise left the city in 2008 and became the Oklahoma City Thunder.
Please check back throughout the day for more updates.
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