Sacramento Businesses Pledge $10 Million, Make Deposit To Keep Kings

Sacramento businesses made good on their pledge of $10 million in new sponsorship money for the Kings on Tuesday, telling NBA representatives that they would make 20-percent deposits on the deal this week to convince the league and the Maloof family from relocating the team to Anaheim. The Sacramento Bee reports that the NBA's relocation committee, headed by Oklahoma City Thunder owner Clay Bennett, will likely confer this week on whether to recommend approval of a still-unfiled relocation request.

The Maloofs have until May 2 to file such a request.

Sacramento mayor Kevin Johnson, a former All-NBA point guard, drummed up the corporate support as a part of his push to sell the NBA on the city's viability as a market for the league. He gave a presentation at a mid-April league owners' meeting that apparently knocked the NBA's socks off; what was seen as a foregone conclusion regarding the Kings' relocation as turned into an apparent victory for Sacramento.

The Maloofs haven't tipped their hand, despite the new income. It's unclear whether they have any shot of being granted relocation this year, or if they plan to push for a move despite obvious NBA qualms.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.