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Wednesday, March 28, 2012

Friday, March 16, 2012

Kings pound Celtics 120-95

Posted Mar 17 2012 12:54AM SACRAMENTO, Calif. (AP) Marcus Thornton hit five 3-pointers scored a season-high 36 points and the Sacramento Kings snapped a three-game losing streak with a 120-95 win over the Boston Celtics on Friday night. The Kings set a season high for points and pulled away in the third quarter, shooting 70 percent and scoring 41 points in building a 19-point lead. Jason Thompson matched his season high with 21 points and had 15 rebounds for the Kings, who are 3-3 on their franchise-record nine-game homestand. DeMarcus Cousins had 20 points and seven rebounds. Isaiah Thomas had 13 points and 10 assists, helping the Kings set a season-best with 29 assists. Ray Allen made five 3-pointers and scored 26 points for Boston. Paul Pierce had 19 points, Brandon Bass had 16 and Kevin Garnett added 10 points and nine rebounds. Rajon Rondo had four points and 12 assists. The Celtics had beaten the Kings in the previous eight games by an average of 17 points. The Celtics, who pulled their starters midway through the fourth quarter trailing by 21 points, are 2-2 on their eight-game road trip which continues Saturday night in Denver. The points allowed were the most by the Celtics all season. Ahead by one point at the half, the Kings pulled away in the third quarter when they outscored the Celtics 41-23. Thornton scored 14 points, Thompson had 10 and Thomas nine for the Kings, who produced their highest scoring quarter of the season and took a 93-74 lead into the fourth. With the Celtics starting to come back from a 17-point deficit midway through the third quarter, Garnett picked up his fourth foul when he pushed Cousins in the paint. Garnett went to the bench and the Kings went on a run. Thornton scored eight straight points, including consecutive 3s that gave Sacramento a 85-68 lead with just under three minutes left in the quarter. The Kings opened the third quarter with 13 straight points, including seven by Thomas. The rookie guard hit a 3-pointer and Cousins followed with a tip-in, putting Sacramento ahead 65-51. Tyreke Evans, the Kings' second-leading scorer, sprained his left ankle in Wednesday's game against Detroit and did not dress for the game. Thornton scored 10 points in the first half for the Kings, who went into halftime with a 52-51 lead. Pierce had 15 points for the Celtics and Allen had 13. Notes: Prior to the game, Celtics coach Doc Rivers watched from a locker room TV as his son Austin Rivers and his Duke teammates were upset by Lehigh in the NCAA tournament . ... Veteran John Salmons replaced Evans in the starting lineup. Salmons began the season as a starter, but lost his job after struggling offensively. ... Seldom-used Kings rookie Tyler Honeycutt received first-quarter minutes for the first time all season. The UCLA product had two points in 10 minutes. Entering the game, Honeycutt had played a total of 13 minutes in five games this season. Copyright 2012 by STATS LLC and Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and Associated Press is strictly prohibited

Friday, March 2, 2012

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Sacramento releases financing plan for $391M arena

SACRAMENTO, Calif. (AP) -- All that's left to keep the Sacramento Kings in California's capital is a vote.

Sacramento released the full financing plan for a new arena Thursday night, setting the stage for next week's City Council vote that will decide whether the Kings stay put. The non-binding term sheet between the city and the Kings estimates the final price tag for the arena at $391 million. The City Council will vote on the project Tuesday night, and Sacramento Mayor Kevin Johnson has long expressed confidence that there are more than enough members to approve the plan.

Under the agreement, the city will contribute $255.5 million to the project, mostly by leasing out parking garages around the facility. The Kings have agreed to pay $73.25 million upfront and sign a lease obligating the team -- and any future owners -- to remain in Sacramento for 30 years.

Arena operator AEG will contribute $58.75 million, and another $3 million will come from a public sponsorship campaign - such as selling engraved bricks and plaques around the building.

There also will be a 5 percent ticket surcharge to help fund the arena and a $1 ticket surcharge for facility maintenance. Among the other notables:
• The arena will be owned by the city and operated by AEG.

• The city will receive a percentage of net profits earned by AEG.

• The city will allow the Kings to refinance the team's existing loan.

• The city will sell 100 acres it owns next to the Kings' current suburban arena and some smaller lots around the city that will raise $30.7 million.

Despite attempts by Anaheim and Seattle to swoop in and lure the Kings, the fate of the franchise is now in the hands of the Sacramento City Council - which has approved every arena measure to date under the current project. The arena would open for the 2015-16 season in the downtown Sacramento rail yards.

What a turnaround for town that once seemed assured of losing its only major professional sports team.

The Kings were on the verge of relocating to Anaheim last year before Johnson desperately convinced the NBA to give the city one last chance to help finance an arena. At one point, Johnson -- a former NBA All-Star with the Phoenix Suns -- even called the process a "slow death" and compared the city's efforts to keep the Kings a "Hail Mary."

Johnson made a pitch to the NBA Board of Governors last April, promising league owners the city would find a way to help finance a new arena to replace the team's current outdated suburban facility. He also bought time by presenting more than $10 million in commitments for new advertising, ticket purchases and other financial support from regional businesses for this season.

The NBA's relocation committee, headed by Oklahoma City owner Clay Bennett, who moved the team now known as the Thunder from Seattle in 2008, recommended that the league give the city a shot to follow through and handed down a March 1 deadline to come up with a plan to help finance an arena. True to his word, Johnson delivered. And just in time, too.