Apr 26, 2011, 6:27 PM EDT
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.
- Hawks’ Mike Budenholzer named 2014-15 NBA Coach of the Year 7
- With Anthony Davis and Pelicans drained, Warriors deliver down the stretch 12
- PBT Extra matchup to watch: Can Toronto keep Paul Pierce quiet on the court? 6
- Bulls overcome ugly start to take 2-0 series lead over Bucks 14
- PBT Extra matchup to watch: Dallas has to find a way to deal with Dwight Howard 6
- Man arrested after fight over who is better, Michael Jordan or LeBron James 40
- PBT Extra matchup to watch: Marcus Smart needs to take on Kyrie Irving challenge 2
- PBT Extra matchup to watch: Pelican guards need to stay with Curry, Thompson 1