600 won’t crank

I just bought a 2001 Grizzly 600 and got a great deal due to the fact that it won’t crank with the spark plug in place. Take the plug out and it will turn over with all the compression exiting through the spark plug hole no exhaust. It’s not hydro locked so some how the exhaust valves must be stuck. The guy said his grandkids were riding it and it just quit. Any ideas?