It appears that the NBA could be headed back to Seattle soon. Yahoo! Sports reported Wednesday that a deal with the Maloof family to sell the Sacramento Kings to a Seattle ownership group led by hedge-fund manager Chris Hanson and Microsoft chairman Steve Balmer is close to being finalized.
The sale price reportedly would be approximately $500 million, the largest in NBA history. But the parties have not signed an agreement yet.
The new owners hope to move the Kings to Seattle's Key Arena for the 2013-2014 season. Plans are to build a new arena that would be ready after several seasons in the existing building.
The Maloofs, who are the majority owners of the kings, would maintain a minority share in the team but have no control over the operations of the franchise, Yahoo! reported.
---Cleveland Cavaliers center Anderson Varejao will undergo knee surgery on Thursday and will miss six to eight weeks, the team announced.
Varejao was hurt in a Dec. 18 game, and the injury was originally believed to be a bruise. But further examination revealed a small tear in the muscle in his right thigh.
Before the injury, Varejao was leading the NBA in rebounding at 14.4 per game and also averaging 14.1 points.
--Minnesota Timberwolves forward Kevin Love will need surgery to repair his broken right hand and will be out for eight to 10 weeks, according to Marc Spears of Yahoo Sports.
Love missed the start of the season with a broken bone in his hand, then broke the hand again during Thursday's game.
Love is averaging 18.3 points and 10.4 rebounds in the 18 games he's played this season.
---Washington Wizards guard John Wall, who has not played this season because of a knee injury, plans to return to action on Saturday against the Atlanta Hawks, the Washington Post reported.
---The Miami Heat has signed forward Jarvis Varnado to a 10-day contract, the team announced. Varnado was signed by Boston on December 14 and played in five games for the Celtics, totaling six points and three rebounds. He was waived on January 6.