Kings Would Seek $500M Sale Price
The Sacramento Kings continue to discuss relocating to a new city, though they have also informed potential bidders that the franchise could be sold for a bid beginning at $500 million.
The Maloofs believe that the mobility of the franchise makes the seemingly unrealistic valuation plausible.
The Kings can escape their lease at Sleep Train Arena at any time.
The Grizzlies are the most recent franchise to be sold, fetching a $377 sale price.
The Warriors were sold in 2010 for a league-record $450 million.