Re: Mayor Kevin Johnson to present counter-offer to keep Kings
Mayor Kevin Johnson close to unveiling plan to keep Kings in Sacramento
As he prepares to head to Houston this weekend to lobby the NBA's team owners to keep pro basketball in Sacramento, Mayor Kevin Johnson said he is getting "very close" to revealing the deep-pocketed investors he has recruited to make a pitch to buy the franchise.
Those investors - along with a plan for a new downtown arena - would be the foundation of Johnson's argument to the NBA to block a deal the Kings' owners have to sell the franchise to a group that would move the team to Seattle in time for the 2013/14 season.
Johnson said he is working against a March 1 deadline to secure those investors and an arena plan. That date is the deadline for a team to file for relocation, which the Kings did last week.
The mayor is expected to make his pitch to the league's Board of Governors - made up of team owners - in New York in mid-April.
-- Reported by Ryan Lillis of the Sacramento Bee