Discussion

Sacramento announces preliminary arena deal

Updated: March 24, 2013, 12:11 AM ET
Associated Press

SACRAMENTO, Calif. -- Sacramento city officials reached a preliminary agreement Saturday night for a new downtown arena with an investment group that hopes to keep the Kings from moving to Seattle.

Sacramento Mayor Kevin Johnson first announced the deal on his Twitter account. A few hours later, the city released the details of the non-binding term sheet.

The group includes Silicon Valley software tycoon Vivek Ranadive, 24 Hour Fitness founder Mark Mastrov and billionaire Ron Burkle. ...

Read full story

Comments

You must be signed in to post a comment

Already have an account?

MORE NBA HEADLINES