The Sacramento Kings are close to reaching an agreement to relocate to Virginia Beach, Va., to play in a proposed new arena to be built by Comcast, according to a report by Inside Business.
The Kings, who have not been able to get a new arena approved in the Sacramento area, have been tied to rumors of several potential new locations, including a proposed new arena in Seattle. A potential lease agreement between the franchise and Anaheim was reported in 2011.
"We have been approached by several cities over several years about moving the Kings, and we will not comment other than that, George Maloof, Jr., one of the Kings' owners, told Inside Business, a business journal located in Hampton Roads, Va.
According to the report, sources said Virginia Beach city officials and the Maloof family are expected to announce the Kings' intention to move on Wednesday.
Lease payments in Virginia Beach would be guaranteed for 25 years by Comcast, which would get the broadcast rights in addition to being the named sponsor on the arena.
The Atlantic Coast Conference has also reportedly agreed to place
Sacramento mayor and former NBA star Kevin Johnson has worked diligently to keep the Kings in his city, but a proposed $391 million entertainment complex proposal fell apart in April and the relationship between the parties quickly soured.
--Soon-to-be Grizzlies owner Robert Pera will reportedly sell up to 35 percent of the team to a group of local partners, which should help anchor the team in Memphis for years to come.
According to the Memphis Commerical-Appeal, Pera agreed to give the local ownership partners refusal rights and the option to buy the team at the current price if Pera decides to move it. He also agreed to a penalty of $100 million if the team is moved.
---UFC president Dana White cancelled UFC 151, scheduled for next Saturday in Las Vegas, because of a knee injury to title contender Dan Henderson.
Henderson was scheduled to fight light-heavyweight champion Jon "Bones" Jones at Mandalay Bay as the headliner for the Sept. 1 event. White said Jones refused a fight with middleweight Chael Sonnen, who volunteered to step in for Handerson.
Jones instead will anchor the card at UFC 152 in Toronto on Sept. 22. He'll fight Lyoto Machida.
---Winger Taylor Hall agreed to a seven-year contract extension with the Edmonton Oilers worth $42 million on Wednesday.
Hall, 20, has one year remaining on his entry-level deal and now is under contract through 2019-20 season. He becomes the highest-paid player on the team.
He had 27 goals and 26 assists in 61 games last season.
---Marcus Jordan, a son of former NBA star Michael Jordan, pleaded no contest on Thursday for disturbing the peace during the U.S. Olympic Swim Trials in Omaha, Neb., and was ordered to pay a $250 fine, the Omaha World-Herald reported.
Jordan, 21, entered his plea in Douglas County Court in Omaha after prosecutors dropped a charge of obstructing an officer.
Jordan was listed as a guard on the University of Central Florida basketball team at the time of the July incident, but has since left the team. His lawyer said his departure was not related to the misdemeanor conviction.