Railway Stadium Proposal dead; Kings leaving Sacramento?
In a shock of a New York minute – and that’s how fast this partnership seems to have dissolved – the parties involved in financing Sacramento’s proposed sports and entertainment complex went their separate ways. This was a quickie divorce with all the accompanying pain and suffering. And what about the Maloofs? What about the Maloofs? They wanted to leave. Then they wanted to stay. Then they wanted a deal. Then they liked the tentative deal. Then they didn’t like the tentative deal.
HoopsVibe’s Very Quick Call: The deal is dead. And the NBA in Sacramento may be dead, too.
Remember, last year, the Kings were set to move to Anaheim. But the NBA Board of Governors intervened, forcing the team back to Sacramento for the 2012 season with a mandate to work out a new stadium deal.
To be fair, both sides tried. The Maloof brothers, who own the Kings, gave in on financing. The city of Sacramento — led by Mayor Kevin Johnson, a former NBA star — gave in, too.
And it appeared a deal was done, with Commissioner David Stern announcing as much at his annual state of the union address at All-Star break in Orlando.
Now the railyard stadium proposal is off. Look for the Maloofs to explore other possibilities, which includes moving the team to Anaheim, Kansas City, or selling the team to investors in Seattle.
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