The Golden State Warriors are close to making a deal to move to San Francisco, a source told ESPN the Magazine's Ric Bucher on Sunday.
The team wants to make the move and is committed to making it happen, the source said.
San Francisco mayor Ed Lee sent a letter on May 11 saying the city would work with Warriors executives to bring the team to San Francisco in time for the 2017-18 season.
"We are not prepared to make any announcements at this time," Warriors owner Joe Lacob said in a statement released Sunday.
The note, signed by all 11 city supervisors and numerous business and labor leaders, floats the possibility of building a waterfront arena. It was sent a few days after Lee met with new Warriors owner Peter Guber in Los Angeles.
Oakland mayor Jean Quan responded by sending the team her own letter. Quan says Oakland is committed to keeping the Warriors in the East Bay.
Ric Bucher covers the NBA for ESPN The Magazine. Information from The Associated Press was used in this report.