A deal to build a new stadium to house the Sacramento Kings has fallen apart.
The team's owners, the Maloof family, backed out of plan to finance a $391 million arena, putting the future of the franchise in doubt.
Sacramento Mayor Kevin Johnson, a former NBA player, said the deal approved last month by the city council was dead.
"(The Maloofs) are now saying they don't want to do the deal, which essentially means they don't want to be in Sacramento," Johnson said.
NBA commissioner David Stern said he was extremely disappointed by the news and added there's "nothing further to be done" as far as negotiating a new deal.
The Maloof family proposed renovating the Power Balance Pavilion, a notion shot down by Johnson and one previously rejected by the family.
Stern had little to say about the next move for the franchise.
"I know we've scheduled them into Power Balance Pavilion for next year," Stern said. "It just wouldn't...