Reports indicate Sacramento Kings deal to Seattle announcement imminent

Multiple reports indicate that a deal between Chris Hansen’s investment group and the Maloofs will be announced as early as Monday.

ESPN reports the Maloof family reached a purchase agreement to sell a 65 percent controlling interest in the franchise to a Seattle group led for $525 million, according to league sources.

NBA teams were notified of the deal on Sunday, which still requires league approval, according to ESPN.