May 2, 2011, 1:20 AM EDT
Monday both the NBA and the Maloof brothers will announced that the Kings will remain in Sacramento for another season, CSN California reports.
A source close to the discussions tells Comcast SportsNet that the NBA has told the Maloofs to expect the Kings to stay in Sacramento next year.
The NBA is expected to put out a press release on Monday and the Maloofs will follow with a release of their own, but an NBA press conference is not expected. The source also said Sacramento Mayor Kevin Johnson is expected to hold a press conference on Monday.
Expect the Maloofs (the owners of the Kings) to come out at their press conference talking about how they love Sacramento and never wanted to leave, how they want to make it work. Nobody in Sacramento will buy it. That family has a lot of work to do to repair their reputation in Sacramento
The Maloofs had planned to move their team to Anaheim starting next season. They had negotiated a lease agreement for the Honda Center and set up a personal loan from billionaire Henry Samueli, who operates the center. Even plans for a television deal had been set up. It seemed a month ago that this move could not be stopped.
But in the end staying seemed to be only option the Maloof brothers had. After Johnson spoke to the NBA owners — the Board of Governors — and talked about $10 million in new sponsorships and plans for a new building starting to take shape, other owners sounded like they were willing to give Sacramento one more chance.
It became clear in the past week or so the Maloof brothers did not have the majority vote of owners that would be required to approve the move. There became more and more of a feeling that this move was about the Maloof families personal financial issues — the Palms cansino, like all of Las Vegas, has been hard hit by the economy, and the brothers have taken on a lot of debt — than it was about the team.
Sacramento gets one more year. But if efforts for a new stadium do not take huge leaps in the next year, if money is not lined up to build it, the Kings will be gone next summer.
But for now, the Kings stay.
- Durant, Thunder players tweet out support for Oklahoma City 0
- Brothers allege entourage of Damian Lillard beat them for taking his picture 14
- Amar’e Stoudemire still thinks Knicks’ front court trio can work 15
- Report: Dwight Howard not going to Clippers… did we need a report for that? 17
- Alonzo Mourning says Scottie Pippen says LeBron would “kick Jordan’s ass” 71
- Report: Dwight Howard will consider multiple teams in free agency, is said to be most intrigued by the Rockets (119)
- Knicks predictably drop Game 4 to Pacers, fall behind 3-1 (93)
- Kobe Bryant responds to Michael Jordan comparison from Phil Jackson (87)
- Alonzo Mourning says Scottie Pippen says LeBron would “kick Jordan’s ass” (71)
- Bradley Beal said he’d lose respect for a teammate who acted like Derrick Rose (67)
- Wings stun Hawks again, take 2-1 series lead
- Posnanski: Once the best, Pujols now irrelevant
- PFT: Gronk's arm infection clear after surgery
- HBT: Dodgers have 'no plans' to fire Mattingly
- PBT: Brothers assaulted for taking Lillard's photo?
- PBT: Nets reportedly 'hone in' on Grizzlies' Hollins
- CBT: Ex-Rutgers coach Rice seeks Lucas' counsel
- Play Video: Grizzlies ready for 'running' Spurs
- Play Video: Durant won't 'compromise himself' like other stars
- Play Video: Knicks avoid elimination
- Play Video: Heat finish off Bulls, James 'has no energy left'
- Play Video: Health woes make Heat vulnerable
- Play Video: Good news for Sacramento, Kings stay