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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