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February 22, 2012 at 7:46 AM

Sacramento Bee: Kings to make big contribution to arena deal

Will the Sacramento Kings stay in Sacramento?

National Basketball Association Commissioner David Stern says the Kings will make a substantial financial contribution to a deal to build an arena there and in an effort keep the team in Sacramento,  according to a news alert sent out by The Sacramento Bee on its web site.

According to the newspaper:

Kings owners have agreed to make a substantial contribution to the city’s $387 million arena deal, but (Stern) did not disclose how much. Stern said he expects negotiations between the league and city to continue into the weekend.

Seattle wants an NBA team for a proposed arena in the city’s Sodo neighborhood and the Kings have come up as a possibility.

There’s a March 1 deadline for the city of Sacramento to submit to the NBA an arena proposal aimed at keeping the Kings in town. If team owners don’t accept that financing package, the NBA could allow it to move.

Even if the team were to want to relocate, the Maloof family, which owns the team, has not publicly stated any intention to sell the franchise.

Comments | More in Government, Sports | Topics: arena, David Stern, Sacramento Kings

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