Two people familiar with the decision says the Maloof family has agreed to sell the Sacramento Kings to a Seattle group led by investor Chris Hansen.
The people spoke on condition of anonymity to The Associated Press on Sunday night because the deal is still pending approval from the NBA Board of Governors.
One person said the Maloofs are selling all 65 percent of their share for $525 million to Hansen, who will move the team to Seattle and restore the SuperSonics name.
The Maloofs will still be allowed to look at other bids until the league approves the sale.
Sacramento Mayor Kevin Johnson said last week he had received permission from NBA Commissioner David Stern to present a counteroffer to league owners from buyers who would keep the Kings in Sacramento.
The deadline for teams to apply for a move for the next season is March 1.
AP Sports Writer Bernie Wilson contributed to this story.

Recent NBA Discussions


Top NBA Public Bets


NBA Top Stories

Thumbnail Hungry Clips open season in Portland Having suffered a disappointing first-round exit in last year’s playoffs, the Clippers spent the offseason tinkering. No established stars left Staples Center, but...
Thumbnail Harden, Houston visit new-look Los Angeles No one’s expecting the Lakers to make major waves as soon as 2016-17. With Luke Walton at the helm, though, the franchise hopes it’s pinpointed the man to turn...
Thumbnail Cleveland ready to rock anew vs. New York The Cavaliers are ready to revel in their first NBA title in 52 years. But will the new-look Knicks spoil the celebration in...
Thumbnail NBA 2016-17 MVP Odds Will Stephen Curry make a run at a third straight NBA MVP honor, or will someone else push him for the crown? Get a...
Thumbnail Lottery pick to begin pro career as reserve The Lakers stumbled to a 17-65 finish in 2015-16. Yet that doesn’t mean they’re willing to just hand over the keys to the No. 2 overall pick in June’s NBA draft.
More inNBA Articles  

NBA Team Pages