The Maloof era in Sacramento, at times spirited and uplifting, at times dismal, appears to have come to an end.

A Sacramento investors group has reached a deal with the Maloof family to buy its controlling stake in the Kings. The deal is expected to be unveiled today.

"It's the start of a new era," said Silicon Valley tech entrepreneur Vivek Ranadive, leader of the Sacramento investor group, speaking to reporters after the Warriors game Thursday night.

Ranadive added, "We just need to sign some papers and finalize everything." If the NBA approves the deal, a source told The Bee, escrow is expected to close at the end of May.

The source, a stakeholder close to the deal, said the Maloof family was eager to "turn the page" and was pleased it was able to sell to a group that will keep the team in Sacramento.

The deal would set the team's overall value at $535 million, an NBA record. The source did not say why the price values the team at $535 million, rather than the $525 million figure the local group had offered. The sale price translates into $347 million for the 65 percent of the team controlled by the Maloofs and their business partner, Robert Hernreich.

Ranadive confirmed that the reported price was "about right."

The incoming owner lauded the Maloofs. "They've done a lot for the community and the team. We'll make sure they get the exit they deserve," he said.

If the sale is, in fact, finalized and made public today, it will mark a dramatic end to a huge week in Sacramento, and what is being called a major victory for Sacramento Mayor Kevin Johnson, who has fought for two years to keep the team from leaving town.

In Sacramento, sources said, Downtown Plaza owner JMA Ventures has begun the process of buying the Macy's men's store - space that could be used for the arena being planned by the city to house the Kings.

The Maloofs, who have waged several battles with local officials in their 13 years in Sacramento and previously reacted angrily to suggestions that they sell the team, appeared more conciliatory Thursday.