Skip to content

Sacramento Mayor says new arena deal is dead

Apr 27, 2012, 8:59 PM EST

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. Nets doctor expects Mirza Teletovic to make full recovery

    Jan 28, 2015, 1:55 PM EST

    Washington Wizards v Brooklyn Nets Getty Images

    Teletovic being released from hospital today

  2. Phil Jackson once admitted championship Knicks deflated balls

    Jan 28, 2015, 1:17 PM EST

    Jackson AP

    Jackson said breaking rule gave New York an edge due to team’s style of play

  3. Kevin Durant out against Knicks

    Jan 28, 2015, 12:42 PM EST

    Oklahoma City Thunder v New York Knicks Getty Images

    Thunder remain heavy favorites

  4. Report: Terrence Ross riding bench in Toronto but will not be traded

    Jan 28, 2015, 12:05 PM EST

    Philadelphia 76ers V Toronto Raptors Getty Images

    The Raptors are trying to be patient and tap into his potential.

  5. Nikola Mirotic’s unique style rewarding Bulls for waiting on him

    Jan 28, 2015, 11:17 AM EST

    Chicago Bulls V San Antonio Spurs Getty Images

    Mirotic, drafted in 2011, is a darkhorse challenger to Andrew Wiggins for Rookie of the Year

  6. Report: Executives have proposed moving up NBA trade deadline

    Jan 28, 2015, 9:59 AM EST

    Dallas Mavericks v New Orleans Pelicans Getty Images

    It probably would matter less than before, but why change the date?

  7. Report: Potential first rounder Robert Upshaw could sign in D-League after Washington dismissal

    Jan 28, 2015, 9:22 AM EST

    Robert Upshaw, Gary Payton II AP

    Upshaw reportedly failed multiple drug tests at Washington and Fresno State

  8. Stephen Curry had a great passing night (VIDEO)

    Jan 28, 2015, 8:30 AM EST

    Chicago Bulls v Golden State Warriors Getty Images

    He can do more than just shoot the rock.

  9. Report: Bucks to sign Kenyon Martin through end of season

    Jan 28, 2015, 8:00 AM EST

    Kenyon Martin, Chris Bosh AP

    They like his veteran leadership on a young team.

  10. Report: Pistons looking into Norris Cole trade

    Jan 27, 2015, 11:33 PM EST

    Miami Heat v Detroit Pistons Getty Images

    Hornets also reportedly had interest in Heat point guard

  11. It’s official: Zach LaVine, Greek Freak Antetokounmpo headline All-Star Dunk Contest

    Jan 27, 2015, 7:23 PM EST

    Milwaukee Bucks v Los Angeles Clippers Getty Images

    The best news may be the return to the classic dunk contest format.

Featured video

Stephen Curry leads NBA MVP race mid-season
Top 10 NBA Player Searches
  1. K. Bryant (7889)
  2. H. Whiteside (7332)
  3. R. Rubio (6952)
  4. N. Batum (6572)
  5. L. Aldridge (6558)
  1. K. Martin (6491)
  2. C. Anthony (6265)
  3. K. Walker (6248)
  4. J. Noah (6199)
  5. D. Howard (5908)