City, NBA To Continue Negotiations On Sacramento Kings Arena Deal Sunday

David Stern said during his annual NBA All-Star Weekend press conference on Saturday that league officials will continue negotiations with Sacramento leaders and the Maloofs, who own the Kings, on a funding plan for a new arena in that city. Stern met with Sacramento Mayor Kevin Johnson briefly Saturday after city and league staff spent several hours negotiating the Maloofs' contribution to the construction of a new facility.

Stern said that gaps still exist, and the March 1 deadline for a deal remains. The Sacramento City Council is expected to vote on a potential deal March 6.

Earlier on Saturday, multiple reports cited sources who said the city of Sacramento is seeking a contribution from $70-$90 million from the Maloofs. The family losts the majority of its stake in The Palms Casino and Resort last year due to reported debts in the hundreds of millions. The Maloofs have also shuttered the WNBA Monarchs and sold the family's lucrative New Mexican beer distributorship in recent years to get some liquidity. Joe and Gavin Maloof infamously switched from first-class to coach travel in the painful 2008-09 season. It is unclear whether they have returned to the luxury of the front of the plane.

For more on the Kings, visit Sactown Royalty and SB Nation Bay Area.

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.