Maloof Sports & Entertainment, the company the Maloofs own, released this statement, announcing that the team will not file for relocation and will play in Sacramento for the 2011-12 season.
Sacramento Mayor Kevin Johnson says that keeping the Kings in town was one of the proudest moments of his life.
"We've always felt it was bigger than basketball," the mayor said. "The Kings, they relate to a thousand jobs ‒ both full time and part time. If we go forward and build a new entertainment and sports complex, it's going to prove to all of us that we can find a way to make these things happen."
If the Kings were to leave Sacramento, it would have affected not only the city, but the surrounding regions as well.
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