Updated: February 27, 2012, 1:41 pm ET

Kings Reach Deal For New Arena

By HOOPSWORLD
Basketball News & NBA Rumors

Johnson speaking flanked by David Stern, Maloofs. Joe Maloof now speaking: “It’s a great day for Sacramento…Our family is just so excited”

Johnson: “It’s game over, so our community should be really excited.” Maloofs contribute upwards of $70 million. Staffers clapping.

Kevin Johnson says “framework of an agreement going forward” to keep team in Sacramento. “I want to jump up and down.”

Via – Sam Amick – Twitter – SI.com

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