Tag Archives: sacramento kings

Arena economist report: City finances in “dire” shape

Dr. Christopher Thornberg, one of California’s leading economic forecasters, presented the above report to the NBA Board of Governors in New York this week. If there is any question about his qualifications, consider this; he is currently chief economic advisor to the … Continue reading

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Anaheim Councilmember says she’s taking to George Maloof

The Orange County Register is reporting that officials in Anaheim are admitting that they’ve recently spoken to George Maloof about moving the Kings. From an article on their website: Councilwoman Lorri Galloway said she had spoken recently with Kings’ co-owner … Continue reading

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KJ says negotiations are over

Sacramento Mayor Kevin Johnson has sent a letter to Maloof family that reaffirms that the city is done when it come to negotiations over the proposed Downtown arena. The letter, which was made available to the press, reads as follows: To … Continue reading

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Maloofs to make their grievances known today in New York

The Maloofs will articulate their lengthy concerns about the proposed Downtown arena today at the Board of Governors meeting in New York City, but already sources close to the parties involved are leaking out some of the finer points. According … Continue reading

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NBA Commish gives codes message signaling arena troubles

Let’s decode this quote by NBA Commissioner David Stern in yesterday’s Salt Lake Tribune together, shall we? In regards to the hopes that the Kings will be playing in a new arena in three years time: You know, I’m more hopeful than I … Continue reading

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Freakonomics: NBA is a monopoly that takes money away from people who don’t like basketball

Yesterday, ranSACkedmedia.com shared an opinion article published in the Washington Post that argued Sacramento leaders are behaving foolhardy by committing public resources towards a sports arena at a time when city services are being slashed due to multi-year budget deficits. … Continue reading

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Arena term sheet: The good, the bad, and the ugly

It’s been less than 24 hours since the term sheet for the proposed Downtown arena has been released to the public and in only a few days the city council will vote on whether or not to proceed with “predevelopment … Continue reading

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Arena details begin to trickle in

As news that the owners of the Sacramento Kings have agreed to a framework that would keep them from moving their team to another city continues to send shockwaves through the community, details of the tentative plans are beginning to … Continue reading

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Arena agreement reached between Johnson, Maloofs

A visibly emotional Gavin Maloof told reporters on Monday that he was glad it was finally coming to an end. Referring to the intense 3-days of negotiations presumably, as it appears now that Sacramento Mayor Kevin Johnson has convinced the … Continue reading

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Arena negotiations continue in Orlando

Sacramento Mayor Kevin Johnson, several city staffers, NBA officials, and the Maloof brothers are all currently in Orlando discussing the feasibility of building a new Downtown arena to keep the Sacramento Kings from moving to another city. Reports of the proceedings are limited … Continue reading

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The proposed Downtown arena hasn’t been designed yet, costs expected to increase

Sacramento Mayor Kevin Johnson spoke about the progress on the arena project at his weekly press conference on Tuesday and one factoid in particular caught the ear of this author: “Design work for the new arena has yet to begin.” … Continue reading

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NBA Commissioner David Stern talks Kings

The Commissioner of the NBA, David Stern, is featured in a new interview on NBA.com out this morning and he spoke for a few minutes about the Sacramento Kings and the ongoing discussions to keep the team in town. You … Continue reading

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Kings go after Power Balance for $8 million

The Sacramento Kings have filed an $8.3 million claim against the Power Balance corporation, the amount they would lose over the next five years if the new ownership decides not to honor the original stadium naming rights deal from last … Continue reading

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Sources: Maloofs have to come up with $60 million in cash for new Sacramento arena

The Sacramento Bee is reporting that multiple sources now say the Maloofs contributions to a new Sacramento arena would need to total $85 million to get the deal done; $60 million of that would have to be in cash, the … Continue reading

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To Build or Not To Build: That is the question in Sacramento these days

Editor’s note: I am happy to give this forum to all types of people with different viewpoints. This opinion piece is by Amir Lak, a fellow Sacramentian who I have known for over 15 years. I welcome the conversation and hope … Continue reading

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