The deal will sell the Kings for approximately $500 million, with theSeattle group seeking relocation to Key Arena for the 2013-'14 season.
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.
No agreement signed, but one source describes deal as "1st and goal at 1." Maloofs history of changing course late still makes many uneasy.
The Maloofs are expected to keep an extremely small percentage of team, but will have no real input or say in franchise, sources say.