Sacramento Kings Sale: Mayor Kevin Johnson Signs Deal Making Team's Stay Official

Sacramento mayor and former NBA point guard Kevin Johnson announced to supporters and 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, convice the council to commit to building a new downtown arena, and to show the NBA that the city has the fan base to make the venture successful.