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Mayor: Deal to sell Kings signed

Updated: May 17, 2013, 4:27 PM ET
ESPN.com news services

SACRAMENTO, Calif. -- Sacramento mayor Kevin Johnson announced to screaming throngs of Kings fans Friday that the deal to sell the NBA franchise to a group led by software tycoon Vivek Ranadive has been signed.

The announcement at a City Hall rally brings to an end nearly five months of maneuvering by Johnson to secure a new ownership group, convince the council to commit to building a new downtown arena, and to show the NBA that the capitol city of the most populous state in the nation ...

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