Bad news for Seattle, but great news for Sacramento.
One of the NBA's smallest, yet most respected franchises in staying put. The city of Sacramento rallied and somehow convinced the NBA's Board of Governors not to move the team to Seattle next season.
The final vote was 22-8 in favor of staying in Sacramento. The Kings had a $625 million deal on the table from a Searrle-based group.
What's next? Well, NBA commish David Stern is putting pressure on the Kings' owners to sell the franchise to a Sacramento-based ownership group within the next 48 hours. That group has pledged to build a new $447 million arena in downtown Sacramento.