New Arena Agreement Means Kings Are Staying in Sacramento

New Arena Agreement Means Kings Are Staying in Sacramento

Relax, lifelong Doug Christie fans and Robert Horry haters, you can breathe easy. The Kings are staying in Sacramento. The city agreed to build a new stadium in the the downtown Sacramento railyard, and in turn, has made a commitment to keeping the team. Although at least half the money will come from renting out city parking, the Maloof family, who own the franchise, has pledged to pay $75 million upfront. Entertainment company AEG was also in on the negotiations and will pay $60 million to operate the arena. The Kings moved from Kansas City for their first season in Sac-Town in 1984, but have only had seven winning seasons since then. 

[via Sacramento Bee]

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Tags: sacramento-kings, kevin-johnson
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