{"id":824539,"date":"2012-02-27T11:24:49","date_gmt":"2012-02-27T19:24:49","guid":{"rendered":"http:\/\/www.cowbellkingdom.com\/?p=10652"},"modified":"2012-02-27T11:24:49","modified_gmt":"2012-02-27T19:24:49","slug":"developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena","status":"publish","type":"post","link":"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/","title":{"rendered":"DEVELOPING: Sacramento, Maloofs and NBA agree to framework for new arena"},"content":{"rendered":"
\"DEVELOPING:<\/a>
Photo: Rob McAllister<\/figcaption><\/figure>\n

Here they agree.<\/p>\n

A framework has been reached to construct a new arena in downtown Sacramento. The deal is a significant private-public partnership between California’s capital city, owners of the Sacramento Kings and arena operator AEG.<\/p>\n

According KFBK reporter and CK contributor\/columnist Rob McAllister<\/a>, the Maloofs will contribute roughly $70 million toward constrcution costs of the proposed arena. \u00a0Sam Amick<\/a> of Sports Illustrated reports that the Kings’ owners will also pay surcharges on ticket sales that add\u00a0“more than $60 million more over time”<\/a>.<\/p>\n

“I have to control myself from jumping up and down,” said Sacramento mayor Kevin Johnson, as quoted by McAllister on Twitter<\/a>.<\/p>\n

The next step in the arena project? \u00a0Preparing the financing plan for the Sacramento City Council, who will vote next Tuesday (March 6) on terms of the agreement.<\/p>\n

“I think it’s great for our community,” said Kings’ owner Gavin Maloof through tears of joy according to McAllister<\/a>. “I’m glad it’s finally coming to an end after 13 years.”<\/p>\n

Tweets from reporters on the scene:<\/strong><\/p>\n

\n

George Maloof on having to be convinced: I think we all have different mindsets, this was making sure things were right.<\/p>\n

— Rob McAllister (@Rob_McAllister) February 27, 2012<\/a><\/p><\/blockquote>\n

\/\/platform.twitter.com\/widgets.js<\/a><\/p>\n

\n

Stern on #arena<\/a>: ‘If you bang your head against the wall enough, you get good results. I think we all did that.’ #NBAKings<\/a><\/p>\n

— Ryan Lillis (@Ryan_Lillis) February 27, 2012<\/a><\/p><\/blockquote>\n

\/\/platform.twitter.com\/widgets.js<\/a><\/p>\n

\n

Joe Maloof also says contribution did not include any loans from the NBA. Other mechanisms – selling former arena land etc. – down the line.<\/p>\n

— Sam Amick (@sam_amick) February 27, 2012<\/a><\/p><\/blockquote>\n

\/\/platform.twitter.com\/widgets.js<\/a><\/p>\n

Weekly contributor\/columnist\u00a0Rob McAllister<\/strong>\u00a0is in Orlando for the 2012 NBA All-Star festivities. Follow him on\u00a0Twitter<\/a><\/strong>\u00a0for constant updates from the Sunshine State.<\/em><\/p>\n

Follow Jonathan on Twitter<\/a><\/strong>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After three days of negotiations, a new arena for the Sacramento Kings is in sight for California’s capital city.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[610259261],"tags":[610259627,610259449,610259788,610259502,610259515],"acf":[],"yoast_head":"\nDEVELOPING: Sacramento, Maloofs and NBA agree to framework for new arena - The Sports Daily<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEVELOPING: Sacramento, Maloofs and NBA agree to framework for new arena\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/\" \/>\n<meta property=\"og:site_name\" content=\"The Sports Daily\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-27T19:24:49+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.cowbellkingdom.com\/wp-content\/uploads\/2012\/02\/gavin_maloof.jpg\" \/>\n<meta name=\"author\" content=\"Alan Draper\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sportsdailytsd\" \/>\n<meta name=\"twitter:site\" content=\"@sportsdailytsd\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alan Draper\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/\"},\"author\":{\"name\":\"Alan Draper\",\"@id\":\"https:\/\/thesportsdaily.com\/#\/schema\/person\/2c8aadde2571800d0de74323730df7b5\"},\"headline\":\"DEVELOPING: Sacramento, Maloofs and NBA agree to framework for new arena\",\"datePublished\":\"2012-02-27T19:24:49+00:00\",\"dateModified\":\"2012-02-27T19:24:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/\"},\"wordCount\":322,\"publisher\":{\"@id\":\"https:\/\/thesportsdaily.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.cowbellkingdom.com\/wp-content\/uploads\/2012\/02\/gavin_maloof.jpg\",\"keywords\":[\"David Stern\",\"Gavin Maloof\",\"George Maloof\",\"Joe Maloof\",\"Kevin Johnson\"],\"articleSection\":[\"Cowbell Kingdom\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2012\",\"copyrightHolder\":{\"@id\":\"https:\/\/thesportsdaily.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/\",\"url\":\"https:\/\/thesportsdaily.com\/news\/developing-sacramento-maloofs-and-nba-agree-to-framework-for-new-arena\/\",\"name\":\"DEVELOPING: Sacramento, Maloofs and NBA agree to framework for new arena - 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