The estimated cost of the new Sacramento arena, and other Sacramento Kings numbers

12:31 PM, May 23, 2013   |    comments
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  • The Sacramento Kings deal by the numbers.
    
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On Thursday, Sacramento Kings fans are expected to flock to a "Long Live the Kings" rally to celebrate a deal that is expected to keep the team in Sacramento for the foreseeable future. The deal calls for the Maloof family to sell its majority stake in the Kings to a group of investors led by Vivek Ranadive. A new arena also will be built for the team in downtown Sacramento. Here is a closer look at the deal, the arena and the team.

THE DEAL

  • $156 million: amount the Maloof family paid to buy a majority stake the Kings in 1998.
  • $200 million: amount in cash the Maloof family will be paid for the team by the Ranadive group. The Ranadive group also will assume the Kings' debts to the NBA and city of Sacramento, which put the total pricetag for the team at $347 million. 
  • $535 million: the Kings' valuation for the sale, an NBA record. 

 

THE ARENAS

  • $40 million: cost of constructing Arco/Sleep Train arena.
  • $448 million: estimated cost of construction for the new downtown Sacramento arena.
  • $190 million: amount the Kings' new majority owners will pay for the construction of the arena.
  • $258: estimated amount the City of Sacramento will pay for the construction of the new arena. The city has agreed to pay for the arena by selling real estate and leasing its parking operations.
  • 674,000: projected gross size of new arena, including offices and parking, in square feet.
  • 442,000: size of Sleep Train arena, in square feet.
  • 18,500: projected minimum capacity of new arena.
  • 17,317: capacity of Sleep Train arena.
  • $48: average ticket price for a Kings game in 2012-2013.
  • 10,333: capacity of Sacramento Sports Arena, where the Kings began play in 1985 after moving to Sacramento from Kansas City.
  • 1988: year the Kings began play in Arco/Sleep Train arena.
  • 2016: year the new arena is projected to open.

 

THE TEAM

  • 1945: year the Kings were founded in Rochester, N.Y.
  • 37: number of wins the Kings recorded in the team's first year in Sacramento.
  • 10: number of Kings postseason appearances since the team moved to Sacramento, including a 2001-2002 Western Conference Finals loss to the Los Angeles Lakers. 
  • 13: number of Kings head coaches since the team moved to Sacramento.
  • 10: number of Kings retired jersey numbers. The players whose jerseys have been retired are Nate Archibald, Bob Davies, Maurice Stokes, Oscar Robertson, Jack Twyman, Sam Lacey, Vlade Divac, Mitch Richmond and Chris Webber. The jersey number 6 also was retired to honor fans.
  • 22,009: number of points scored for the franchise by Oscar Robertson, the franchise's all-time leading scorer.

 

Sources: News10, ESPN, Forbes, NBA.com, SacramentoKings.com, Sacramento entertainment and sports center term sheet, basketball-ref.com.

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