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Kings, Sacramento reach arena deal

Updated: February 28, 2012, 2:39 PM ET
Associated Press

Building a new arena for the Sacramento Kings has never been closer to reality.

The city, the Sacramento Kings and the NBA announced a tentative deal Monday to finance a new arena that would keep the team in California's capital for the long haul. The City Council will vote on the plan March 6.

Sacramento Mayor Kevin Johnson, NBA commissioner David Stern and the Maloof family, which owns the Kings, emerged from three days of talks in Orlando, Fla., -- where they had been negotiating ...

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