Seattle group to buy KIngs

A Seattle group, which recently reached an agreement to purchase the Sacramento Kings, has formally filed for relocation, according to a statement released yesterday by commissioner David Stern. The commissioner said the new owners want to move the franchise to Seattle for the 2013-14 season, and reportedly will restore the SuperSonics name. An effort by Sacramento mayor Kevin Johnson to find investors for the team that would match the sale price and keep it in place has apparently failed. The Seattle group is reportedly paying a record $525 million for the franchise, surpassing the previous record of $450 the Golden State Warriors sold for in 2010. Seattle lost its previous franchise following lteh 2007-08 season when the teal moved to Oklahoma City.

Celtics lose point guard Rondo to knee injury

Boston Celtics point guard Rajon Rondo tore an anterior cruciate ligament in Friday night's double-overtime loss to Atlanta and will miss the remainder of the season. The announcement was made yesterday during the Celtics game against the Heat, which Boston won despite playing without one of its top stars. The initial prognosis Friday night was a hyperextended knee, but later tests showed the torn ACL, an injury that usually takes a year for full recovery.

Maya Moore's stolen Olympic ring to be returned

Maya Moore's Olympic ring, stolen from her Cobb County residence last fall, was sold at a Gold Rush jeweler in Cumberland Mall. The man who sold the ring for $144 has been arrested, and the ring, which Moore won last year in London as a member of the U.S. Olympic team, will be returned. Once he realized what the ring is, he notified police, who arrested 19-year old Jamaal Dontray Taylor of Marietta on December 14th. He said the ring will be returned to the owner. Moore was a star at Gwinnett County's Collins Hill High School, leading the team to three straight state championships before enrolling at Tennessee. While Moore was a member of the team, the Lady Vols posted a record of 150-4.

Nets fire coach Avery Johnson

How's this for appreciation. Brooklyn Nets head coach Avery Johnson was named Coach of the Month in the NBA in both October and November. But he was fired yesterday after his team lost for the tenth time in 13 December games. Reports from the Nets' camp say that assistant coach P.J. Carlesimo will handle the team on an interim basis. After the fast start, expectations in Brooklyn were elevated, and although the Nets are still at .500, the recent slump brought on a perhaps hasty firing of Johnson, who is in the final year of his 3-year $12 million contract. Rumors are already flying that the Nets could go after the retired Phil Jackson.

Spurs sent starters home day early, could be sanctioned by NBA

The San Antonio Spurs could be sanctioned by the NBA for their decision to send home four of their starters before last night's game against the Heat in Miami. Coach Gregg Popovich said his decision to rest Tim Duncan, Tony Parker, Manu Ginobili and Danny Green was in the team's best interest. However, the NBA has taken exception to that logic, and could levy a fine against the team.

Former Lady Vol, WNBA star Holdsclaw charged in Atlanta incident

Former University of Tennessee and WNBA star Chamique Holdsclaw is in custody this morning after an incident in Atlanta on Tuesday. Holdsclaw is accused of shooting into al woman's car after using a baseball bat to break its windows. The victim, according to police reports, is 29-year old Jennifer Lacy, who plays for the Tulsa Shock. The 35-year old Holdsclaw, an Olympic gold medalist, and Lacy played together during 2009 with the Atlanta Dream. Holdsclaw, who has a history of clinical depression and at least one suicide attempt, in being held on $10,000 bond on charges including aggravated assault and second degree criminal damage.

Lakers shun Jackson, hire D'Antonio as head coach

On Saturday, former Lakers coach Phil Jackson thought he was all set to return after a meeting with general manager Mitch Kupchak and executive vice president Jim Buss. After the meeting, Jackson was to return on Monday with his decision on whether to come out or retirement. But that decision wasn't needed. Kupchak called Jackson around midnight Sunday to tell him the team had decided to hire Mike D'Atonio as successor to the fired Mike Brown.

Thunder trades Harden to Rockets as openng of NBA season nears

The Oklahoma City Thunder has made a trade as the opening of the 2012-13 NBA season approaches. Unable to work out a contract extension with Sixth Man of the Year James Harden, the Thunder shipped the guard to the Houston Rockets in exchange for Kevin Martin, Jeremy Lamb and thee draft picks. The trade breaks up a corp of young players that led the Thunder to the Western Conference championship. The Thunder had until October 31st to extend Harden's contract, trade him, or allow him to become a restricted free agent next July.

NBA commissioner Stern to retire in early 2014

NBA commissioner David Stern said yesterday that the time has come for him to step down. The 70-year old commissioner said that he will retire on February 1, 2014, twenty years after he was hire to run professional basketball. Stern will leave the league in much better shape than when he took over, with season ticket sales at an all-time high and television contracts much more lucrative. When Stern's assistant Adam Sliver takes over in 2014, he will continue Stern's efforts to expand international play.

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