Bad news for Sacramento-based NBA fans, good news for Seattle-based NBA fans and former SuperSonic enthusiasts: the Maloofs are reportedly on the verge of selling the Kings to an ownership group looking to move the franchise further north. Via Yahoo!‘s Adrian Wojnarowski:

The Maloofs are finalizing an agreement to sell the Sacramento Kings to the Hansen-Ballmer led Seattle group, sources tell Yahoo! Sports.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013

The deal will sell the Kings for approximately $500 million, with the Seattle group seeking relocation to Key Arena for the 2013-’14 season.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013

The Seattle group’s plans, with support of the NBA, is to play two seasons in Key Arena before moving into a new Seattle arena, sources say.

— Adrian Wojnarowski (@WojYahooNBA) January 9, 2013