Apr 26, 2011, 6:27 PM EST
Mayor Kevin Johnson has taken another step in his bid to keep the Kings in town. He and about 30 representatives from Sacramento-area businesses met with NBA officials Tuesday, signing smaller deposits on more than $10 million in sponsorship pledges for the Kings as a “down payment.”
Johnson had promised league owners additional revenue for the Kings from area businesses to give the city more time to finance a plan for a new arena. The league sent officials to verify those claims, and the mayor says Sacramento “showed them the money.”
Kings owners Joe and Gavin Maloof have until Monday to ask permission to relocate to Anaheim. NBA owners must approve the move by a majority vote.
Less than a month ago, the Kings’ imminent move to Anaheim seemed like a sure thing, but with less than a week to go until the Maloofs have to request permission, things appear to be looking better and better for Sacramento.
- Derek Fisher questions ‘character and integrity’ of players after Knicks lose to Kings by 38 points 14
- Five Things We Learned in NBA Tuesday: The Hawks clinched playoff spot in front of Josh Smith 3
- Nuggets need to decide direction, then hire coach 18
- Report: Russell Westbrook ‘likely’ to return to Thunder lineup Wednesday, will wear protective mask 13
- Nuggets have fired head coach Brian Shaw 29
- Five Things We Learned in NBA Monday: Goran Dragic got his revenge in concentrated form 5
- League suspends James Harden one game for kick to LeBron James’ groin 23
- PBT’s weekly NBA Power Rankings: Hawks seem to be out of malaise. Maybe. 11