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.
- PBT’s Top 10 NBA stories of 2014, No. 10: Anthony Davis’ breakout 10
- Rumor: Ray Allen leaning toward retirement, not return 8
- Josh Smith makes Rockets debut, throws down two-handed dunk (VIDEO) 15
- Carmelo Anthony on the Knicks: “The fans are dying, we’re dying” 20
- Rockets officially sign Josh Smith, who will play Friday night; waive Tarik Black 6
- Clippers win ‘nice, boring’ Christmas Day battle with Warriors 1
- Miami fans give LeBron warm welcome, Heat team not so much in upset win 25
- Russell Westbrook inspires Thunder to skid-stopping win over Spurs 8