Sacramento mayor: Deal to sell Kings has been signed

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Kings Sale Basketball
Sacramento Mayor Kevin Johnson, right, pumps his fist as he receives applause for his efforts to keep the Sacramento Kings in the city by Lisa Parker, left, Phil Oates, two of the local investors in a group involved with the purchase of the team, during a rally, in Sacramento, Calif. Friday, May 17, 2013. Johnson announced that the Maloof family, owners of the Kings, had signed a deal to sell the NBA franchise to a Sacramento group led software tycoon Vivek Ranadive.(AP Photo/Rich Pedroncelli)