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Sacramento, Kings reach tentative arena deal

Sacramento officials and the owners of the Sacramento Kings (NBA) have reached a tentative deal on financing for a new arena in the city’s downtown area. The deal, still subject to final approval once the city’s part of the funding package is determined, calls for larger-than-planned contributions by the Maloofs, owners of the Kings, and arena-management firm AEG. For a ... Read More »

Honda Center improvements unveiled

Further cementing the belief that the NBA is in Anaheim‘s future, Anaheim Arena Management unveiled improvements to Honda Center that will better accommodate a second tenant in the home of the Anaheim Ducks (NHL). Among the changes: a major expansion of the team store, increasing from 1,800 square feet to 4,200 square feet. The press release makes things clear: this ... Read More »

Kings to share financials for arena research

The NBA’s Sacramento Kings will share financial data with a city-commissioned group seeking to put together a financing plan for a new arena, another piece of the puzzle in the funding formula. ICON Venue Group and a local developer are working on an arena financing plan, and one big chunk of the equation will be to determine how much the ... Read More »

Kings to stay in Sacramento for ’11-’12

The Sacramento Kings are staying in Sacramento and Power Balance Pavilion for at least one more season, as David Stern and other NBA officials persuaded the Maloofs to give the city until March 1, 2012, to come up with a new-arena plan. The decision was made over the weekend and announced today, just before a 2 p.m. relocation-request deadline. It’s ... Read More »

Maloofs’ decision on Kings due today

A decision on the fate of the Sacramento Kings is due today, and given how the Internet has changed the world to give people plenty of advanced information, it’s amazing there’s no clue as to whether the Maloofs will choose to move the team to Anaheim or stay in Sacramento. Apparently a decision has been made, but it’s not been ... Read More »

Is Sacramento arena deal already crumbling?

Sacramento leaders unveiled the outlines of a new-arena plan for the Sacramento Kings, but upon closer scrutiny it’s not clear whether there’s enough financial support in the area for a facility, with three neighboring counties unlikely to participate. When a Joint Powers Authority for a new arena was announced last week, it theoretically included six counties. But upon closer examination, ... Read More »

Will Kings move? No one seems to know

Talk about an important decision that’s still up in the air: We’re apparently not close to a final resolution about where the Sacramento Kings will play next season, as the Maloofs, David Stern and a relocation advisory committee is still sifting through the options. One thing we do know: a decision should be made next week. May 2 is the ... Read More »

Report: Kings likely to stay in Sacramento for ’11-’12

Despite an offer on the table for the Sacramento Kings to move to Anaheim next season, the Los Angeles Times is reporting the team is likely to stay at Power Balance Arena next season to give Mayor Kevin Johnson time to bring his new-arena plan to fruition. Johnson laid out a plan for a new downtown arena as well as ... Read More »

NBA relo committee heads to Sacramento

Faced with the decision of whether to let the Sacramento Kings move to Anaheim, the NBA‘s relocation committee is heading to Sacramento Thursday to determine whether the market is really capable of supporting pro basketball. At issue: Sacramento Mayor Kevin Johnson says he’s lined up pledges for $7 million in new sponsorships from local businesses. Of course, any business can ... Read More »

Kings: From boom to bust

At one time the Sacramento Kings (NBA) was a high-flying franchise, with a large payroll and crammed crowds at Arco Arena. Today, the team is on the verge of a move after suffering through troubled times in a small market. What happened? The recession and a league with very limited revenue sharing. There are plenty of financial issues with the ... Read More »

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