Deal For $387M Arena Will Keep Kings In Sacramento

Law360, New York (February 27, 2012, 8:20 PM EST) -- The Sacramento Kings have reached a tentative deal for a new $387 million arena and have agreed to stay in their namesake city after months of negotiations and a push to move the NBA team south to Anaheim, Calif., a spokesman for Sacramento Mayor Kevin Johnson confirmed Monday.

Johnson, a former NBA player, NBA Commissioner David Stern and Kings owners the Maloof family emerged from a meeting in Orlando, Fla., Monday afternoon to announce that they had come to a tentative deal to finance the proposed ...
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