Posted Apr 9, 2013 3:09 PM
SACRAMENTO, Calif. (AP) -- Sacramento Mayor Kevin Johnson has announced a new investor to help fill the role vacated by billionaire Ron Burkle in the city's bid to keep the Kings from moving to Seattle.
Johnson said at his weekly news conference Tuesday that Sacramento developer Mark Friedman has joined the group. The announcement comes a day after Burkle backed out because of a conflict of interest stemming from his ownership stake in Relativity Sports, which manages some NBA players' careers.
Friedman said he will help build the planned arena in downtown Sacramento. He also said he had been in contact with the mayor since January and the timing of Burkle's decision had nothing to with his emergence.
Sacramento is trying to block a bid from a group that has a deal with the Maloof family to buy the Kings and move the franchise to Seattle next season. NBA owners are vetting both offers.
|Stop and Pop|
Kyrie Irving brings the ball up the floor, stops on a dime and nails the 3-pointer.
|Postgame: Kyrie Irving|
Kyrie Irving talks with Matt Winer following USA Basketball's win over the Dominican Republic.
|Postgame: Krzyzewski, Irving|
Coach Mike Krzyzewski and Kyrie Irving talk to the media after Wednesday's impressive victory.
|Derrick Rose: Chicago Homecoming|
Chicago native Derrick Rose takes a trip back home as a member of the USA Basketball Men's National Team, and takes time out to prepare and share a meal with old friends at a local restaurant.
|On The Road With Chocolate Thunder, Episode 6: Ice Buckets|
NBA Nation Ambassador Darryl Dawkins takes you On The Road With Chocolate Thunder in Indianapolis as part of NBA Nation presented by Sprint! Visit nba.com/video for more highlights.