Sacramento Mayor: Deal to Sell Kings Has Been Signed

Kings to remain in Sacramento after NBA owners reject bid to move franchise to Seattle.

Sacramento Mayor Kevin Johnson said Friday that the deal to sell the Kings to a group led by software tycoon Vivek Ranadive has been signed.

Johnson helped assemble the new ownership group in a bid to keep the Kings in California's capital city, a feat that was accomplished earlier in the week when NBA owners rejected a bid to move the franchise to Seattle.

The NBA is expected to officially approve the sale next week.

Copyright AP - Associated Press
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