According to a report from Inside Business, the Maloof family is expected to move their Sacramento Kings team to Virginia Beach, VA.

A deal near $400M for a new arena with the city of Sacramento fell apart three months ago and it has been quiet ever since.

The article points to media giant and Philadelphia based Comcast-Spectacor to guarantee a 25-year lease on an arena in exchange for naming right and broadcast rights.

The article also states that the Atlantic Coast Conference has agreed to place Virginia Beach on a list for potential landing spots for future ACC Tournament games.

The Maloofs are expected to announce the move sometime next week in Virginia Beach, VA.