The city of Sacramento, the NBA and the Kings have announced a tentative deal to finance a new arena that would keep the team in California's capital.
Sacramento Mayor Kevin Johnson, NBA Commissioner David Stern and the Maloof family, which owns the Kings, announced Monday in Orlando, Fla., - where they had been negotiating all weekend during All-Star festivities - that an agreement had been reached. The City Council is expected to vote on the plan March 6.
The full financing plan will be made public by Thursday.
The Kings almost moved to Anaheim, Calif., last year before Johnson and city leaders convinced the league to give Sacramento one last chance to help finance an arena. Seattle also had been making a renewed push for an NBA team.