SBD/Closing Bell

Kings Put Pressure On Sacramento To Develop Arena Plan

The Kings' announcement this morning to keep the team in town put pressure squarely on Sacramento Mayor Kevin Johnson and local officials to develop a new arena plan, according to a statement released today by the team. “We look forward to seeing Mayor Johnson bring his vision to reality,” the statement read. “However, if an arena plan cannot be finalized in a timely fashion, the NBA’s relocation committee has assured Maloof Sports and Entertainment that it will support an application to move the franchise to another market starting in 2012-13.”

Johnson said in a press conference earlier today that he will meet with the Maloof family this week to plot out a new arena development strategy. “We are going to find a way to get it done,” Johnson said. “The eyes of the NBA are watching us.” Johnson added that the Maloofs want to see a “clear path to funding” a new arena by March 1. “We are not under the illusion that if we don’t get it by March that we will have another chance,” he said.
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