SACRAMENTO, CA - The NBA fact finding committee returns to Sacramento this week to verify the more than $10 million in financial pledges in the campaign to keep the Kings from relocating to Anaheim.
Multiple reliable sources tell News10 all the corporate sponsors will meet with league officials Tuesday morning at 10 am. During that meeting, they'll be asked to put up a deposit. Businesses will have 30 days to work out the details.
Among the latest major sponsors are Envision Pharmaceutical Holdings, Markstein Beverage Company, Synergex, Western Health Advantage, and Thunder Valley Casino.
Mayor Kevin Johnson last week announced that the goal of $7 million was "overachieved" ---Sacramento promised millions more than that.
Many of the pledges are in corporate sponsorships and ticket sales. Some companies are promising to buy more tickets, others are promising new sponsorship money, and others are doubling investments from previous years.
"There may be additional tickets in a sponsorship package, but we're also looking at marketing and promotional opportunities wiht the team," said Rick Heron, spokesman for sponsor Western Health Advantage.
Meanwhile, the Sacramento Metro Chamber of Commerce said Friday that the current pledges don't include many smaller businesses that have indicated they're ready to pitch in financially.
According to Chamber president Matt Mahood many businesses have said, "I can't do a $100 thousand or a million dollars, but you know, maybe I can do a couple thousand dollars."
"We haven't even tapped into that market yet," said Mahood.
By Suzanne Phan, firstname.lastname@example.org