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Anaheim Offers $75 Million For Sacramento Kings to Relocate

Anaheim really wants the Sacramento Kings. The California city will offer the team $75 million to move south, $25 million to renovate the Honda Center and $50 million to cover moving costs. The Kings would have to file with the NBA by April 18.

The Kings have trademarked various Anaheim names, including the Anaheim Royals. The city also does not want to be hoodwinked again. Part of the deal would stipulate that Anaheim could be the only geographical reference. So, no Los Angeles Royals of Anaheim.

Anaheim thinks the team will be a “financial boon,” referencing a report the Sonics contributed $188 million annually to Seattle. That number sounds great, until you realize it is entirely displaced spending. People spend money on sports teams they would have spent elsewhere.

Phil Jackson thinks the idea is “ridiculous.”

Worth noting: The Kings had one of the better fan bases in the NBA when the team was decent.

[Photo via Getty]

 

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