User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Soccer
Golf
Auto
Horses
More
Betting Tools

 
Qualcomm CEO joins Sacto. bid to keep Kings

New Sportsbook.ag customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

SACRAMENTO, Calif. (AP) - Add another investor to the group Sacramento Mayor Kevin Johnson is assembling to keep the Kings from moving to Seattle.

Advertisement
Johnson announced Monday night that Paul Jacobs, CEO of the international technology company Qualcomm, has agreed to become part of the Sacramento bid. Jacobs joins a group that includes billionaire investor Ron Burkle, 24 Hour Fitness founder Mark Mastrov and TIBCO Software CEO Vivek Ranadive.

``A true Dream Team! This Fab Four is a bracket buster,'' Johnson wrote on Twitter.

Sacramento city officials reached a preliminary agreement Saturday with the investment group for a new $447 million downtown arena. The city plans to contribute $258 million to the $447 million project, mostly by leasing out parking assets and donating land.

The City Council is planning to vote on the non-binding term sheet Tuesday night.

Sacramento is hoping to block a bid by a group that has a pending purchase agreement to buy the Kings from the Maloof family and move the team to Seattle. The NBA Board of Governors is expected to make a decision by the end of its April 18-19 meetings.

The Seattle group, led by investor Chris Hansen, has had a signed deal since January to buy 65 percent of the franchise for $341 million from the Maloofs. Other investors include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store family.

Hansen reached agreements with local governments in Seattle last October on plans to build a $490 million NBA/NHL arena near the city's other stadiums, CenturyLink Field and Safeco Field. No construction will begin until all environmental reviews are completed and a team has been secured.

AP NEWS
The Associated Press News Service

Copyright 2014
The Associated Press
All Rights Reserved

  
HEADLINES
Knicks sign forward Orlando Sanchez
Heat promote Fizdale, add two to staff
Mayor: Plenty of potential Hawks buyers
Arrest made in theft from Pacers star
'NBA 2K15' drafts 3-D face mapping
Rockets acquire Jason Terry from Kings
Timberwolves sign Glenn Robinson III
Nuggets' Hickson suspended 5 games
LeBron banner could rise in Cleveland
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NBA Pro Basketball Handicapper Sports Picks Records
VegasInsider.com Gold Membership
2013 NBA SEASON PICK RECORDS
Money Leaders
Handicapper Money
Chip Chirimbes + 3067
Paul Bovi + 2374
Kevin Rogers + 2090
Last 7 Day Leaders
Handicapper Money
No Games Last 7 Days  
   
   
Percentage Leaders
Handicapper Pct
Dave Cokin 59 %
Paul Bovi 58 %
Stephen Nover 56 %
Guaranteed Leaders
Handicapper Money
Paul Bovi + 2013
Michael Black + 1848
Kevin Rogers + 1579
Over-Under Leaders
Handicapper Money
Stephen Nover + 1320
Kyle Hunter + 1080
Joe Nelson + 993
Member Leaders
Handicapper Money
Bruce Marshall + 2114
Mike Rose + 1851
Kyle Hunter + 945
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Daily Fantasy NFL Perfect Lineup Contest