The Orange County Register reported first and several other news sources, including Sports Illustrated and the Sacramento Bee, have confirmed with the Maloofs: the Kings officially will stay in Sacramento.
Official Team Statement:
The NBA is expected to issue a statement later this morning regarding the decision. Sacramento Mayor Kevin Johnson is expected to hold a press conference at 11 am sharing his thoughts as well.
This ends the saga which first started in January when details of a deal between the Maloofs & Anaheim first leaked in a report by Sacramento radio station KFBK. The story heated up following All-Star break when Commissioner David Stern confirmed that talks between the Kings & Anaheim were indeed true. All signs pointed to a move to Anaheim until momentum shifted in Sacramento's favor following Johnson's reportedly impressive financial presentation at the NBA Board of Governors meetings.
Now attention officially shifts toward Sacramento's efforts to build a new arena. The capital city and its surrounding region has one year to prove to the NBA that a new entertainment-and-sports complex can be constructed to replace the antiquated Power Balance Pavilion. Or else, this decision may turn out to be just a temporary reprieve from a Kings move elsewhere.