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Kings' arena 'work plan' in place

Updated: February 23, 2012, 4:56 PM ET
Associated Press

Sacramento's last shot to remain an NBA city appears headed for another overtime.

NBA commissioner David Stern and Sacramento mayor Kevin Johnson announced a joint work plan Wednesday for the two sides to reach an agreement to finance a new arena by the March 1 deadline. Johnson, Stern and the Maloof family, which owns the Sacramento Kings, will meet during this weekend's All-Star festivities in Orlando, Fla.

If the final details are resolved in time, a term sheet will be announced ...

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