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http://nba.si.com/2013/02/06/seattle-sacramento-kings-relocation-david-stern-nba/The investment group that reached a purchase and sale agreement to buy 65 percent of the Sacramento Kings from the Maloof family in January has formally submitted paperwork to the NBA to relocate the franchise to Seattle.
NBA commissioner David Stern told reporters in Minnesota on Wednesday the Seattle-based investment group led by Valiant Capital’s Chris Hansen and Microsoft CEO Steve Ballmer has filed the paperwork in advance of the March 1 deadline. According to reports, the group’s plan is to relocate the franchise in advance of the 2013-14 season.