loading...

SEATTLE (AP) — Seattle Mayor Mike McGinn says a tentative deal has been reached to ready KeyArena for the NBA's return. Under the agreement, which still needs City Council approval, the prospective new owners of the Sacramento Kings would pay a guaranteed rent to Seattle, ensure that all city employees at KeyArena retain their jobs, and assume operations of the arena beginning this July and lasting as long as NBA basketball is played at the facility. A group led by hedge fund manager Chris Hansen is seeking to buy the Kings and move them to Seattle, where they plan to build a new $490 million arena for professional basketball and hockey. The sale requires league approval, which could come this week. The NBA's SuperSonics played in Seattle from 1967 to 2008 before moving to Oklahoma City.

Meanwhile for the second time in three years, the Sacramento Kings will host their regular-season finale with the franchise's future uncertain. Hours before the Kings tipoff against the Los Angeles Clippers on Wednesday night, NBA owners will gather in a New York boardroom to begin deliberating where the team will be located next season. Sacramento or Seattle? Nobody quite knows for sure. The NBA's joint committee assigned to give a recommendation on the issue will convene again Wednesday. The league's annual Board of Governors meeting is Thursday and Friday, when a full assembly of owners could finally end all the twists and turns of this turbulent tale involving two cities

More From 1460 ESPN