Here's a link to the term sheet on the agreement Sacramento Mayor Kevin Johnson announced today with a private investment group for a new sports and entertainment arena at the Downtown Plaza site.
For the term sheet go here.
For The Bee story by Tony Bizjak and Dale Kasler today, go here.
Photo courtesy Mayor's office
PHOTO CREDIT: Forward Donte Greene looks at a screen before the team's game against the Orlando Magic on January 8, 2012 at Power Balance Pavilion. Hector Amezcua. Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Sacramento Kings' Tyreke Evans falls to the floor in pain during the first half of an NBA basketball game against the Golden State Warriors on Tuesday in Oakland, Calif. Ben Margot, Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
As reported several times in The Bee and on sacbee.com -- most recently in Ailene Voisin's column on Jan. 18 -- Kings basketball president Geoff Petrie's future with the team appears increasingly uncertain.
But a report that surfaced Monday night in a fan blog, Sactown Royalty, attributed only to sources - that Kings co-owners Joe and Gavin Maloof have considered relieving Petrie of his position and have contacted a management agent - has been denied forcefully by Joe Maloof.
"No, this is not true," Maloof texted The Bee. "I had heard about (the rumor). We will be fine. We have had the toughest schedule in the league by far."
PHOTO CREDIT: Sacramento Kings head coach Keith Smart argues a call during the first half of an NBA basketball game against the Utah Jazz, Saturday, Jan. 28, 2012, in Salt Lake City. Jim Urquhart. Associated Press.
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PHOTO CREDIT: Sacramento Kings center DeMarcus Cousins sits on the bench after coming out of their game against the Denver Nuggets during the fourth quarter in Sacramento, Calif., on Wednesday, Jan. 25, 2012. The Nuggets won 122-93. Steve Yeater. Associated Press.
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PHOTO CREDIT: Denver Nuggets' Andre Miller (24) celebrates with Ty Lawson (3) and Nene (31), of Brazil, after Miller scored a basket in the final seconds of the second half of an NBA basketball game on Jan. 18, 2012, in Philadelphia. Denver won 108-104 in overtime. Matt Slocum. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Sacramento Kings' DeMarcus Cousins (15) battles under the boards with Portland Trail Blazers' Marcus Camby, center, and teammate LaMarcus Aldridge, right, in the second half during an NBA basketball game Monday in Portland, Ore. The Trail Blazers defeated the Kings 101-89. Rick Bowmer. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Portland Trail Blazers' LaMarcus Aldridge, right, and San Antonio Spurs' DeJuan Blair, left, reach for a rebound during the first quarter of an NBA basketball game on Jan. 13, 2012, in San Antonio. Eric Gay. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Sacramento Kings guard Isaiah Thomas (22) pumps up the crowd against the Indiana Pacers during the second half of an NBA basketball game on Wednesday. Steve Yeater. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Sacramento Kings coach Keith Smart yells to his bench in the first half of an NBA basketball game against the Philadelphia 76ers on Jan. 10, 2012 in Philadelphia. Matt Slocum. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: The Kings' DeMarcus Cousins, right, is fouled by the Raptors' Jamaal Magloire. Cousins scored 21 points and grabbed a career-high 19 rebounds. Pawel Dwulit. The Canadian Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
Sacramento Kings' Isaiah Thomas, left, and Tyreke Evans sit on the bench in the final minutes of an NBA basketball game against the Philadelphia 76ers on Tuesday in Philadelphia. Philadelphia won 112-85. Matt Slocum. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Philadelphia 76ers' Spencer Hawes (00) battles for a rebound with Detroit Pistons' Greg Monroe (10) in the first half of an NBA basketball game of Friday in Philadelphia. Philadelphia won 96-73. Matt Slocum. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: The Sacramento Kings Jason Thompson, (34) and Dwight Howard, (12) against the Orlando Magic on Sunday at Power Balance Pavilion. Hector Amezcua, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Orlando Magic forward Ryan Anderson (33) drives past Houston Rockets defender Marcus Morris during second-quarter action at the Amway Center in Orlando, Florida on Dec. 26, 2011. Joshua C. Cruey. Orlando Sentinel/MCT.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Keith Smart responds to questions in his first press conference after replacing coach Paul Westphal before Thursday night's game between the Sacramento Kings and the Milwaukee Bucks at Power Balance Pavilion. José Luis Villegas, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Kings center DeMarcus Cousins hugs Keith Smart after the team came from behind to beat the Bucks in Smart's first game as head coach. José Luis Villegas, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Denver Nuggets guard Corey Brewer and Sacramento Kings point guard Tyreke Evans go after a loose ball during the second quarter of an NBA basketball game Wednesday in Denver. Jack Dempsey. Associated Press
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Memphis Grizzlies center Marc Gasol (33), of Spain, and Sacramento Kings center DeMarcus Cousins (15) scramble for a loose ball in the first half of an NBA basketball game on Tuesday in Memphis, Tenn. Jim Weber. Associated Press
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Kings coach Paul Westphal and center DeMarcus Cousins talk during Saturday's loss to New York. Their relationship has been frosty. José Luis Villegas, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Kings coach Paul Westphal answers questions about center DeMarcus Cousins before Sunday night's game between the Sacramento Kings and the New Orleans Hornets at Power Balance Pavilion. José Luis Villegas, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: The Los Angeles Lakers' Metta World Peace tries to steal the ball away from the New York Knicks' Carmelo Anthony (7) on Thursday, December 29, 2011, at the Staples Center in Los Angeles, California. The Lakers topped the Knicks, 99-82. Wally Skalij. Los Angeles Times/MCT.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: DeMarcus Cousins, (15) of the Sacramento Kings keeps an eye on an official after he was called for a foul against the Chicago Bulls on Thursday, Dec. 29, 2011 at Power Balance Pavilion Hector Amezcua, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Chicago Bulls' Derrick Rose smiles during an NBA basketball news conference, Wednesday Dec. 21, 2011, in Deerfield, Ill. Rose, the reigning MVP, agreed to a five-year contract extension worth approximately $94 million. Charles Cherney. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: The Kings' DeMarcus Cousins (15) and the Trail Blazers' Marcus Camby, left, battle for the ball. Cousins finished with 16 points, 11 rebounds and two blocks. Greg Wahl-Stephens. Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Marcus Thornton, (23) of the Sacramento Kings raises his hands in victory as the Kings defeat the Los Angeles Lakers in the season opener at Power Balance Pavilion on Dec. 26, 2011. Hector Amezcua, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Los Angeles Lakers guard Kobe Bryant waits to be introduced prior to their NBA basketball game against the Chicago Bulls, Sunday, Dec. 25, 2011, in Los Angeles. Mark J. Terrill, Associated Press.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: The Sacramento Kings' J.J. Hickson, (31), Marcus Thornton, (23) and Tyreke Evans, (13) walk off the court during a timeout in the final seconds of the 95-91 victory against the Golden State Warriors in their preseason game at Power Balance Pavilion on Dec. 20, 2011. Hector Amezcua, Sacramento Bee.
We're here to feed your need for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: DeMarcus Cousins following the Sacramento Kings first practice following the end of the lockout at the training facility near Power Balance Pavilion on Dec. 10, 2011. José Luis Villegas, Sacramento Bee.
We're here to feed your fix for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Veteran forward-center Chuck Hayes was pronounced fit to resume his NBA career by doctors at the renowned Cleveland Clinic after initial tests detected a heart abnormality. Paul Kitagaki Jr. Sacramento Bee.
We're here to feed your fix for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
PHOTO CREDIT: Kings draft pick Jimmer Fredette answers questions at the news conference at Power Balance Pavilion on June 25, 2011. José Luis Villegas, Sacramento Bee.
We're here to feed your fix for Sacramento Kings news. Each day, we'll highlight news, features and analysis from around the Web.
Special note: The Bee's Jason Jones hosts a live chat today at 11 a.m. at sacbee.com/live.
PHOTO CREDIT: Marcus Thornton reacts to the Sacramento Kings 95-91 victory against the Golden State Warriors in their preseason game at Power Balance Pavilion on Tuesday, Dec. 20, 2011. Hector Amezcua, Sacramento Bee.
We're starting a new daily feature to feed your fix for Sacramento Kings news. We'll highlight our own coverage, reports from news outlets of the opposing team and other news, features and analysis from around the Web.
Read more after the jump.
