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Letter: Maloofs favor Seattle's deal for Kings


The Maloof family is asking NBA owners to approve the sale of the Kings to a Seattle group, saying there is "significant distance between us and the Sacramento group."

In a letter sent to the NBA's relocation and finance committee, and obtained by The Associated Press on Friday, the Maloof family said the Sacramento group originally matched the $525 million valuation for the franchise that Chris Hansen negotiated. Hansen then increased the valuation offer to $550 million last week.

The Maloofs said the Sacramento group has asked not to enter into a binding agreement until the Seattle deal is ...

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