Sacramento Kings: A Question of Accuracy of Earlier Steinmetz Report of Sale of the Team

Sacramento Kings: A Question of Accuracy of Earlier Steinmetz Report of Sale of the Team by Marilyn Kenyon

Matt Steinmetz of CSN Bay Area isn’t exactly somebody you’d consider to be a hotbed of Sacramento King news, but the Warrior/NBA analyst for the network is reporting that the pending sale of the Sacramento Kings is indeed complete.

I’ve heard from reliable source that the Kings’ sale to Hansen-Ballmer in Seattle is done deal. Source said price of the sale is $525 million. The source said further that the Maloofs will have no stake or decision-making with Seattle team and are out.

As of this moment, no other outlets are reporting the news – we’ll have more on it as information comes out.

Update:

Steinmetz says extra $25 million came after shopping deal:

And that extra $25 million also came from shopping Hansen-Ballmer original offer.

More Updates:

Sources close to respected Sacramento media informing them that no deal has been agreed upon.