Sacramento mayor: Deal to sell Kings has been signed

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Kings Sale Basketball
Sacramento Mayor Kevin Johnson announces at a rally at Sacramento City Hall, that a deal to sell the Sacramento Kings to a group led by software tycoon Vivek Ranadive had been signed earlier in the day, Friday, May 17, 2013. The sale of the team by the Maloof family comes after the NBA Board of Governors rejected a bid from a Seattle group, led by billionaire Chris Hansen, to buy and move the franchise to Seattle.(AP Photo/Rich Pedroncelli)