Sacramento mayor: Deal to sell Kings has been signed

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Kings Sale Basketball
Sacramento Mayor Kevin Johnson, right, shakes hands with Phil Oates, one of the local investors in group involved with the purchase of the Sacramento Kings, during a rally, in Sacramento, Calif., Friday, May 17, 2013. Johnson told the crowd 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)