At first glance, Sacramento's loss looks to be Seattle's gain.
Let me preface this by saying that nobody ever likes to see a city lose a professional sports team, especially one that's been in a city for 28 years, and even more so for a city that doesn't have another major professional sports team.
There was a time when Sacramento appeared to have a boxer's chance at an NBA title, back when the Kings boasted the likes of Chris Webber, Peja Stojakovic, Doug Christie and Jason Williams during the early 21st century.
But that seems like ages ago, as the Kings haven't made the postseason in six seasons, and now according to reports from NBA.com this week, the franchise will be migrating to Seattle.
Sources said Sunday night that the Maloof family, which owns the team, reached agreement over the weekend to sell a controlling interest in the club to a group led by hedge fund manager Chris Hansen, whose intention after buying the team is to petition the NBA to move the team to Seattle in time for the 2013-14 season.
And upon acquiring the franchise, what was Seattle's first move?
According to CNNSI.com's Ben Golliver, nothing more than going after the most successful basketball coach on the planet to help steer the team back into postseason contention by selecting and guiding the next coach:
Yeah, it's still just a report, but if the new Seattle ownership group were to bring Phil Jackson aboard, it would obviously give the organization instant credibility with both players and fans, because at the NBA level, anything Jackson has touched has turned to gold.
He won two titles as a player, six as coach of the Bulls, and another five on the sidelines in Los Angeles. To recap, the only organization he's player or coached for without winning a ring is the New Jersey Nets, and in fairness, he only spent two seasons there.
Regardless of his playing career, Jackson obviously has an eye for talent, and more importantly, he knows how to get stars to put their egos aside (at least temporarily) in order to chase hardware.
Aside from once-in-a-generation talents like Michael Jordan, Kobe Bryant, Scottie Pippen and Shaquille O'Neal, he's turned more than his fair share of everyman players such as Dennis Rodman, Toni Kukoc and Trevor Ariza into champions, which is indicative of his ability to get his players to buy into his vision.
How much contact or hands-on time he'll have with temperamental standouts like DeMarcus Cousins and struggling guard Tyreke Evans remains to be seen, but if and when he speaks, the players will listen.
Jackson's clearly got the itch to be involved in an NBA team again, and if he's motivated, he'll leave his mark on the Seattle franchise, even if he's only there long enough to see the team get off the ground.