Kevin Johnson: Kings deal is dead
Sacramento city officials and the Maloof family ended two days of discussion over financing for a new stadium with no progress, and Sacramento mayor Kevin Johnson said a potential deal between the two parties was dead.
The Maloof family that owns the Sacramento Kings backed out of the tentative $391 million deal for a new downtown arena with the city, reigniting fears that the franchise could leave for Anaheim or consider Seattle's latest push. Johnson and the owners broke off talks again Friday after meeting at City Hall, and the two sides are sounding more and more like a couple headed for divorce.
Johnson declared an already dead deal dead again. He cited "differences irreconcilable" on the core issues, and a Maloof family spokesman said there are no further plans to meet with the city.
"I'm disappointed for Sacramento," Johnson said. "When you do all that you can, normally the reward is a victory, and I think our community was planning to win."
"We know this door is closed," Johnson told the Sacramento Bee.
Johnson told the Sacramento Bee the city would shift its focus to a "Plan B," which would involve building a downtown sports arena without the Kings.
"The Kings will continue the operations of the organization and building on the franchise's young nucleus of players," Maloof spokesman Eric Rose said in a statement.
Information from The Associated Press was used in this report.