LAS VEGAS - OCTOBER 13: (L-R) Brothers George Maloof, Gavin Maloof and Joe Maloof watch a preseason game between the Sacramento Kings and the Los Angeles Lakers at the Thomas & Mack Center October 13 2010 in Las Vegas Nevada. The Lakers won 98-95. NOTE TO USER: User expressly acknowledges and agrees that by downloading and/or using this Photograph user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ethan Miller/Getty Images)
The Sacramento Kings have a meeting next week to discuss possible relocation to Virginia Beach, according to a report.
The city of Virginia Beach has reportedly emerged as a relocation option for the NBA's Sacramento Kings. The franchise's owners and representatives from the Philadelphia-based Comcast-Spectacor are expected to meet on Tuesday with city officials to discuss financing a new stadium and moving the team there, according to the Hampton Roads Business Journal.
While no deal appears imminent, the report suggests that Comcast-Spectacor, which recently sold the Philadelphia 76ers, is willing to guarantee the financing of a 25-year lease for a new arena in the city. If the meeting goes as planned, the Kings could announce their decision to relocate as soon as next Wednesday, according to the report.
The Kings have been considering relocation for the last two years, and that talk has ramped up ever since a financing plan for a new arena in Sacramento fell apart last season. Virginia Beach is not currently home to any professional team, but the new arena could potentially be used for concerts and future ACC basketball tournament dates, according to the report.