Originally posted on Pro Sports Daily  |  Last updated 1/15/13
Boston-celtics-los-angeles
Sacramento Mayor Kevin Johnson said Tuesday he has been given permission by Commissioner David Stern to present a counter-offer for the Kings NBA franchise directly to the league's board of governors. The Maloof family, which owns the Sacramento Kings, reportedly has received an offer of $525 million from a group that wants to buy the team and move it to Seattle. Johnson called the offer "outrageous" during a State of Downtown address, according to The Sacramento Bee. He said he has a strategy to keep the Kings in Sacramento that includes creating an ownership group that will commit to keep the team in Sacramento and getting behind an arena plan that has been approved in the railyards north of the city's downtown. "We want this to be the final act of a saga that's gone on for far too long," said Johnson, referring to the Maloofs decade-long pursuit of a new arena and five-year flirtation with other markets. Johnson, whose relationship with the Maloofs has been strained since they turned down an NBA-backed arena plan last spring, added that the Maloofs can be involved "if they want to remain a part of this team and this community." Earlier Tuesday, officials from AEG entertainment company said they are still interested in building and running the proposed arena in the railyards should the Kings be sold and stay in the city. The Maloofs reportedly have been negotiating with the Seattle group that is led by hedge-fund manager Chris Hansen and Microsoft's Steve Ballmer. That group already has an agreement with the city of Seattle to build a state-of-the-art arena in the south downtown area. In the meantime, three other groups have shown an interest in purchasing the Kings and keeping them in Sacramento. Mark Mastrov, the founder of 24-Hour Fitness, met with the Maloofs recently and, according to a CBSSports.com report, Mastrov has made a formal offer. Mastrov had made a bid to purchase the Golden State Warriors, but lost out to Joe Lacob and Peter Guber. Sleep Train executive Dale Carlsen said he is interested being involved in a group to keep the team in Sacramento. His mattress company this season purchased the naming rights to arena in which the Kings currently play. And on Saturday, the Sacramento Bee reported that JMA Ventures, which last year bought a failing downtown Sacramento mall, is interested in making a bid for the Kings. Citing JMA sources, the Bee reported the company would raze the mall and replace it with a new home for the Kings.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Rams owner buys massive 520,000-acre Texas ranch

Cam Newton explains why he did not dive on fumble

George Karl’s agent rips Kings, wants broadcaster reprimanded

WATCH: Popovich has funny reaction to New Hampshire results

Suns vets pull packing peanut prank on rookie Devin Booker

Teammate gives Manning final completion ball from Super Bowl

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Ole Miss Football cited in 13 of 28 department violations by NCAA

Larry Sanders to consider NBA comeback after other interests stabilize

The NCAAB power rankings

SEC begins crying foul over Jim Harbaugh’s spring break plans at Michigan

Marc Gasol reportedly out indefinitely with broken foot

Patriots waive Montee Ball despite never officially re-signing running back

WATCH: Blackhawks coach walks out of press conference

Greg McElroy: Cam Newton 'quit on his team'

Tennis umpires secretly banned over gambling issues

WATCH: Dancing Kentucky fan slides down rail, fails

Clemson LB has great response to NFL draft analyst's criticism

Former Aggies QB Kyle Allen reveals culture problems at Texas A&M

Roy Williams collapses during game vs. BC

Panthers TE Greg Olsen shaves off his playoff beard

Derek Fisher thanks Knicks in statement

Miami Heat to honor Shaq by retiring his number 32

Oakland Raiders release Nate Allen

B.J. Penn announces he will return at UFC 197

Bring back the Dunk Contest

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

The NCAAB power rankings

Report: Kings to keep coach George Karl

Was Alain Vigneault right about NHL's lack of punishment towards Wayne Simmonds?

Report: Knicks fire coach Derek Fisher

The best and worst commercials from Super Bowl 50

Best and worst from Super Bowl 50

Six best plays from Super Bowl 50

Eli doesn't look thrilled as Peyton wins Super Bowl

Did Beyonce almost fall down during Super Bowl halftime show?

Curry to serve as drummer for Panthers

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker