Skip to content

Sacramento Mayor says new arena deal is dead

Apr 27, 2012, 8:59 PM EDT

George Maloof, Gavin Maloof, Joe Maloof AP

Can’t say this is really a surprise, but it kind of turns your stomach anyway.

Talks to keep the deal for a new arena for the Kings in Sacramento has formally been pronounced dead, reports the Sacramento Bee.

After two days of talks between city officials and the Maloof family, Mayor Kevin Johnson announced today it became clear there were “irreconcilable” differences between the sides over the financing plan for a downtown sports facility.

“We know this door is closed,” the mayor said.

What were the Maloof’s issues? Well, the city dared asked for collateral on the $67 million they already loaned the team. And the Mallofs didn’t want to make a 30 year commitment to the city.

Don’t you have the feeling that even if those issues could have been worked out the Maloofs would have moved the goal line with new demands?

Then there is this quote in the Bee story:

Co-owner George Maloof said the team doesn’t intend to seek relocation. “We’re not going anywhere,” he said.

Does anyone believe that? If you do, I have a bridge in New York I want to sell you.

Latest Posts
  1. Report: Dante Exum diagnosed with torn ACL

    Aug 4, 2015, 9:56 PM EDT

    Dante Exum Dante Exum

    Exum suffered the injury in an exhibition game in Slovenia.

  2. Report: Concern Dante Exum tore his ACL

    Aug 4, 2015, 8:01 PM EDT

    Dante Exum Dante Exum

    That would derail a lot of the Jazz’s positive momentum

  3. Report: Magic sign Melvin Ejim to partially guaranteed contract

    Aug 4, 2015, 3:33 PM EDT

    Melvin Ejim, Rafael Hettsheimeir, Vitor Benite AP

    Will former Iowa State star make Orlando’s team?

  4. Kobe Bryant says he’s not sure if he retires at end of season

    Aug 4, 2015, 1:45 PM EDT

    Kobe Bryant Kobe Bryant

    Kobe doesn’t know how he’ll feel next summer. You can’t blame him for that.

  5. Report: Knicks reach deal with backup center Kevin Seraphin

    Aug 4, 2015, 11:57 AM EDT

    Washington Wizards v Charlotte Hornets Getty Images

    He will battle Kyle O’Quinn to backup Robin Lopez.

  6. Corey Brewer excited to reunite with Ty Lawson, spark Houston

    Aug 4, 2015, 10:45 AM EDT

    Denver Nuggets vs Houston Rockets Getty Images

    Lawson and Brewer put up impressive offensive numbers together in Denver.

  7. Raptors officially unveil new uniforms, yes there is a Drake-inspired one

    Aug 4, 2015, 10:05 AM EDT

    alternate2-details

    I’m no fashion critic, but they’re not bad.

  8. Andrea Bargnani says he would have played “for free” to prove himself with Nets

    Aug 4, 2015, 9:14 AM EDT

    Andrea Bargnani AP

    Somehow I bet he still cashes his paychecks rather than actually playing for free.

  9. Morris twins lawyers seek to send case back to grand jury

    Aug 4, 2015, 8:00 AM EDT

    Phoenix Suns Media Day Getty Images

    The Morris twins have denied any involvement, or even knowing the victim.

Top 10 NBA Player Searches
  1. K. Bryant (1629)
  2. J. Thompson (1608)
  3. S. Vujacic (1501)
  4. L. James (1438)
  5. M. Scott (1423)
  1. J. Smith (1308)
  2. P. George (1244)
  3. J. Noah (1212)
  4. D. Lee (1186)
  5. K. Durant (1132)