Posted February 22, 2012 on AP on Fox
Sacramento's last shot to remain an NBA city appears headed for another overtime. In a joint statement released Wednesday, Sacramento Mayor Kevin Johnson and NBA Commissioner David Stern said they have agreed to a ''work plan'' in hopes of reaching a deal to finance a new arena by the March 1 deadline. Johnson, Stern and the Maloof family, which owns the Kings, will meet during this weekend's All-Star festivities in Orlando, Fla. If a plan can been hammered out in time, a term sheet will be announced March 1 and the Sacramento City Council will vote on the plan at its March 6 meeting. ''Sacramento stands ready to meet the March 1 deadline,'' Johnson said in the statement. ''Our approach makes good on the principles that have guided us throughout this process: protecting the taxpayers, creating jobs, and pursuing an open and transparent process.'' The major sticking point in negotiations remains how much the Kings will contr...
PLAYERS: David Stern
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